Price Per Square Meter For Fully Finished Projects In New Cairo

Introduction

New Cairo, one of the fastest-growing areas in Egypt, is home to a broad array of residential developments. Fully finished units come at widely varying prices, making the area accessible to a range of buyers. In this article, we explore the price per square meter of fully finished projects in New Cairo, from more affordable developments to ultra-luxurious offerings. We analyze data across multiple developments and draw insights from the wide spectrum of pricing in this sought-after area.

Key Findings

• Wide Range of Prices: Prices per square meter in New Cairo vary significantly, starting as low as EGP 60K and reaching as high as EGP 240K. Ultra-luxury projects like W Residence are priced in USD (~EGP 437K), showcasing the variety of property types available, from more affordable residential units to high-end serviced apartments and hotel apartments.
• Mid-Range Dominance: A majority of the projects fall within the EGP 75K to EGP 125K per square meter range. These projects, developed by companies like Dorra and Al Marasem, offer a balanced mix of affordability and luxury.
• Premium Segment Growth: The trend of serviced apartments and hotel apartments is increasingly shaping the high-end segment. Projects like WBR by Waterway Developments and Aljazi by JW Marriott highlight the luxury shift, with prices surpassing EGP 160K per square meter. This reflects the growing demand for premium properties with added services catering to affluent buyers and investors.
• Developer Patterns: Certain developers like ORA and Palm Hills have offerings across different price segments. ORA’s Solana East and Zed East developments are moderately priced, while their Zed East Towers target high-end buyers.