Investing in Real Estate in the New Administrative Capital of Cairo in Egypt
HTML-код
- Опубликовано: 2 июн 2024
- 🇪🇬 Full analysis of the real estate investment market in Cairo: thewanderinginvestor.com/inte...
🇪🇬 Contact Hany and more information on the Egyptian CBI: thewanderinginvestor.com/serv...
🇪🇬 Contact Mohamed the private developer in the middle: mohamed@thewanderinginvestor.com
🇪🇬 Contact Hany to invest in Egyptian real estate: thewanderinginvestor.com/serv...
IMPORTANT: Egypt is about to undergo a devaluation of the Egyptian pound. I would wait until this happens before buying real estate there.
I went with Hany to have a look at the range of available options for people who want to invest in real estate in the New Administrative Capital of Egypt near Cairo. Real estate there in incredibly cheap.
00:00 Introduction
01:20 The road network in Egypt
03:20 Entering the new administrative capital of Egypt near Cairo
04:00 The monorail train in the new administrative capital of Egypt near Cairo
05:20 The ministries have moved to the new capital in Egypt
07:00 The central business district of the new administrative capital of Egypt near Cairo
11:35 Visiting an affordable real estate option in the new administrative capital of Egypt near Cairo
13:00 Rental yields and cap rates in the new administrative capital of Egypt near Cairo
13:20 Visiting an upper mid-rangee real estate option in the new administrative capital of Egypt near Cairo
17:50 How to short the Egyptian pound
20:30 Investing in real estate in New Cairo
23:00 How to get the Egyptian Citizenship by Investment and get dollar income
🇪🇬 Playlist on investing and living in Egypt: • Investing and living i...
📌 Subscribe to The Wandering Investor's RUclips channel: / @thewanderinginvestor
▬▬▬▬▬▬▬▬▬▬ 🔧TOOLS AND RESOURCES🔧 ▬▬▬▬▬▬▬▬▬▬
🔧 My favourite low-fee brokerage for trading stocks internationally: www.interactivebrokers.com/mk...
🔧 Get $1000 off Capitalist Exploits' contrarian investment newsletter by using this link: capexinsider.com/wandering-in...
🔧 Data driven Investment Newsletter with very active community. Easy to try for one month: marhelm.com/
Use code WANDER to get 20% off
🔧 Great mining stock tips: independentspeculator.com/?re...
▬▬▬▬▬▬▬▬ 🏠FREE INTERNATIONAL REAL ESTATE RESEARCH🏠 ▬▬▬▬▬▬▬
🏠 Check out the bottom of this page for on-the-ground research articles on little-known international markets: thewanderinginvestor.com/serv...
▬▬▬▬ ✈️INTERNATIONALIZATION AND DIVERSIFICATION CONSULTING✈️▬▬▬▬
✈️ With my Internationalization and Diversification Consulting I help people aim for better yields, get better banking, explore interesting residencies, obtain citizenships, and increase their freedom. thewanderinginvestor.com/inte...
✈️ Who is The Wandering Investor? thewanderinginvestor.com/about/
▬▬▬▬▬▬▬▬▬▬ ⛰FOLLOW THE WANDERING INVESTOR⛰ ▬▬▬▬▬▬▬▬▬▬
The Wandering Investor travels around the world to explore a World of Opportunities and share his investment research. The goal is to help individuals reach freedom and prosperity through the use of internationalization & diversification strategies.
⛰ Join The Wandering Investor's FREE Private List: thewanderinginvestor.com/priv...
⛰ Instagram: / thewanderinginvestor
⛰ Twitter: / wander_investor
⛰ Facebook: / thewanderinginvestor
⛰ Subscribe to the RUclips channel: / @thewanderinginvestor
thewanderinginvestor.com
▬▬▬▬▬▬▬▬▬▬ 🚀INTERNATIONAL CRYPTO SOLUTIONS🚀 ▬▬▬▬▬▬▬▬▬
🚀 Top countries in which to buy real estate with crypto: thewanderinginvestor.com/inte...
🚀 Create a crypto trading company in Panama: • Creating a crypto and ...
▬▬▬▬▬▬▬▬▬▬ DISCLAIMER ▬▬▬▬▬▬▬▬▬▬
No part whatsoever of the discussion and presentation is, or should be considered as, investment advice, financial advice, legal advice, or tax advice. Always do proper due diligence and speak to a qualified professional advisor in your jurisdiction. Also, be advised that Ladislas Maurice and The Wandering Investor staff may own real estate or investments in the specific markets or opportunities that are discussed. The Wandering Investor may also have marketing agreements in place with certain opportunities that are mentioned.
🇪🇬 Contact Hany and more information on the Egyptian CBI: thewanderinginvestor.com/services/residency-and-citizenship-by-investment/citizenship-by-investment-in-egypt/
🇪🇬 Contact Mohamed the private developer in the middle: mohamed@thewanderinginvestor.com
🇪🇬 Contact Hany to invest in Egyptian real estate: thewanderinginvestor.com/services/international-real-estate-services/real-estate-agent-in-cairo-egypt/
🇪🇬 Full analysis of the real estate investment market in Cairo: thewanderinginvestor.com/international-real-estate/making-a-real-estate-investment-in-cairo-egypt-a-contrarian-play/
Would it be better to go for a purchase with an installment plan over many years (the monthly payment is fixed in Egyptian pound) or buy later with cash after the devaluation of the Egyptian pound! Or maybe it evens out in the end and there will be no big difference!
This is fairly expensive compared to other cities around the world with stable political systems and solvent economies
You seem that you are an avid real estate traveler, you could the difference between a property in Panama and a property in Egypt.
Or even in Mexico where you can buy good investment in get your money worth the risk.
Egyptian markets are know of speculation for it uncertain economic stability
شكرا لكم . تحيا مصر ✌️🇵🇸❤️🇪🇬
Thank you so much for the great video. It's unfortunate that litter is widespread in the streets, reflecting a societal issue. If people were more committed to change and taking care of their country, Egypt could potentially become one of the best nations.
Great job, Egypt!❤ Future of Middle East - North Africa region is Egypt!
Man, people can't afford food prices in Egypt
@mohammedhammad6412 hhhhhhhhhhh well said. Not only foods people in there so crazy
@@gogo-vj4qw what do you mean that people are so crazy
Egyptians can't afford it
@@arminius6506 more than 50% of Egypt's population are Below the poverty line
You're in my mind. Thanks for this vid 😊
Great video , now you have a new subscriber ❤️
Thank you for the info. I followed you since your analysis in Kenya. People who don't know this account are missing out.
Thank you 🙏. Spread the word
I love the Nile area in Cairo, unfortunately Cairo is a mess, the pollution rivals that of Delhi. This country could become a regional superpower if they get their act together.
Well done! Again, unbiased and actionable information. Egypt sound like an “after Türkiye” investment location. Not a place to “cut one’s teeth” geo arbitrage wise. Keep ‘em coming!
Exactly. After Turkey 😅👍
Great content.
This is not the monorail, this is the LRT. But it's okay many people get mixed up
Very interesting! 👍
Investing realestate in egypt is good
Man you need to vist new Alemain city in the North coast it will blow your mind plus they do have really great projects aswell you can ask Hani to tell you exactly wich projects are the best and you can choose if you want to live in a skyscraper or a premium villa on the beach or a middle class project
Thank you Tarek. I’m probably going there in April.
@@TheWanderingInvestor well the best season is from June to August and make sure to grab your sunscreen lotion and your sunglasses because it's really sunny out here and i hope you will enjoy your stay next time you vist
@@TheWanderingInvestor buy the way you should check Ras el hekma city project as well its a 22 billion USD investment project totally funded by the UAE to creat this huge city in the next 5 years on the North Coast ill send you a link the master plan
@@TheWanderingInvestor they signed the deal all ready and hopefully they can start soon ruclips.net/video/m44GSjx8XpQ/видео.htmlsi=PVIpng_CjJguzRjX
go in July not April@@TheWanderingInvestor
Overall good step toward new vision.
egypt did have planning especially if you visit down town, garden city, Zamalek and Heliopolis. just that there was lots of corruption and no maintenance so many beautiful buildings were demolished and unplanned slums took their place. Sisi is trying his best to bring back the old egypt and to renew the parts of egypt that havent been demolished.
Lad, thanks for the video! I appreciate your honesty as we can see the developer was somewhat uncomfortable when you mentioned the $300k opportunity perhaps not with his project, lol ..
The elevated tracks near the cathedral are part of the light rail. The monorail is a different system. I have an apartment in the adjoining Celia compound. Sisi has made some great decisions including the New Capital.
He also bankrupted the country and established a police state.
How will Egypt's strong inflation impact real estate values? Should we expect future devaluations?
You should read the full article as I address the black market rate and the imminent devaluation.
Inflation is not necessarily bad for real estate as people pile into it for protection. We saw it in Turkey.
Generally good for capital gains if the inflation does not last too long, but invariably bad for rental yields as you are locked in with tenants.
@@TheWanderingInvestorthank you for your insightful analysis.
@@TheWanderingInvestor Would it be better to go for a purchase with an installment plan over many years (the monthly payment is fixed in Egyptian pound) or buy later with cash after the devaluation of the Egyptian pound! Or maybe it evens out in the end and there will be no big difference!
Damn, great video.
Perfect ❤️
As an egyptioan who lives outside, it's really awosome to see this !❤
😂 get used to see it from the outside.
Its only for the rich, and western rich.
Go egypt!
@@Ruheschrei
YES YOU ARE RIGHT IT'S ONLY FOR THE RICH PEOPLE, that's how dubai started to Polarize rich European and Americans to their country before the oil invention.
And I'm happy to see this on my country because all gulf and euro people will put so much investment inside egypt
@@YousefHurf where do you live?
@@TONI__KROOS i live in ksa and Bahrain kingdom
I wonder what the protection is against an off plan project that isn't completed. Building timeline would also be helpful.
It is not one project. I would say that it is multiple projects making up one big project. The government has been delivering on its promises in the development of the infrastructure. But it is up to each developer to complete their own individual projects. So, you might have a district where some projects are ahead of time, some are just on time, and some where it is delayed or possibly never completed.
I invested there and in the contract it gives them maximum 1 year over the planned handover date in case of exceptional circumstances.
Subscribed
Very interesting projects. I am very impress, the infrastructure, the new buildings, the different kind of apartments or Houses. I like that the church and that the mosque are close to each other. The project has a vision 👍😀
I would look at the youtube video of what tourists think of Egypt today before thinking to buy into Egypt, furthermore i think there is a big question that Egypt can afford to continue buying into this project, there is massive waste being built, Big idea ... probably too big.
Mediterranean Ave Interstate highway Began In Casablanca Morocco And End At Port Said Egypt ! A train rail route is in the middle ! So the capital is complete !
Would it be better to go for a purchase with an installment plan over many years (the monthly payment is fixed in Egyptian pound) or buy later with cash after the devaluation of the Egyptian pound! Or maybe it evens out in the end and there will be no big difference!
For citizenship: you have to cash
Pure investment: I’d go with the installment plan to short the Egyptian pound over time
@@TheWanderingInvestor if you short the Egyptian pound, can you rent it out to tenants and have them make your monthly payments for you?
@@IvanAkinfiev yes. You pay over time but have control of the property from day one
I assume getting from Cairo airport to New administrative capital takes a long time and is kind of a hassle. Any idea if the new airport in the New Capital will start operating?
I would not worry about the new airport operating. If Sisi lives next to the airport then it is a matter of a very short time before it starts operating.
The existing airport is pretty closeby actually. Not an issue. I couldn’t get a clear timeline on the new airport as it doesn’t seem to be a priority.
3:50 that's Fatimid cairo style lol, UAE was a desert 20 years ago they don't have a cultural architecture
It’s built with uae and Saudi money tho , don’t mock your kafil
@@dimples5058I'm Egyptian,i am the kafil of saudi and UAE lol, those tents inhabitants are humans now because of me and my charity that they will always be grateful for me for lol
@@lookwhostaking6700 they are spending money so u can build ur favorite cities lmaoo even ur president said without them we will be gone 😁 respect your masters my friend that’s the situation rn
I do kind of wish they would adopt some more classic Egyptian style. Egypt of course has its own many authentic aesthetics for thousands of years.
@@dimples5058 أسياد مين يا شبع بعد جوع ، لا اريد أن أصدمك لكن مصر لديها علم يدرس باسمها وهي الدولة الوحيدة في العالم التي لها علم باسمها يدرس في الجامعات العالمية وهو المصريات وهذا بسبب شدة تأثير مصر ثقافيا وحضاريا ، بينما انتو لم تنشأوا المدارس والجامعات إلا على آخر الزمن فاعرف مقامك كويس
Why wouldn’t you be able to do Airbnb? I’ve seen lots of available apartments on Airbnb with many being rented out in the good places
Exactly what Afghanistan needs ! May whole of Egypt develops God willing
I hope construction has been completed from the Chinese developers side of things. I heard they’re all in turmoil, having a real estate crisis right now. Thought great to see things going along smoothly for New Cairo.
There are some delays for sure generally speaking on the Egyptian side of things, but it’s moving along
This is great! so can I buy property, rent it out and have someone manage the property for me?
Yes. Don’t expect high rental yields though. Hany can help (contact info in description)
I like how when you asked about incentives to move to the new city he said yes but didn’t mention any.
So how about actually getting your money out once you’ve invested? You can’t take EGP out of the country and you can’t exchange into foreign currency legally
Yes. That’s the biggest risk I mention in the article: thewanderinginvestor.com/international-real-estate/making-a-real-estate-investment-in-cairo-egypt-a-contrarian-play/
The Red Sea? A real war location!?!
Not true, that in Yemen, red sea is big see, and Egypt is very safe, i am thinking to invest in Egypt... by the way i am not Egyptian :)
Sharm el sheikh and hurghada are by the red sea and they are full of expats spending Their summer lol
There is a war right now in Europe too. There might be a civil one in the US. These are big places.
Red Sea is Hurghada, El Gouna, Sharm El Sheikh (Sinai).
These cities are great that living there may not be accessbile for most of Egyptians. Whole Egypt is safe btw.
After how many years are you allowed to sell your property again with cbi program?
After 5 years. Be aware that the risk of foreign exchange controls and capital controls is always there. It might not be easy to take your money out.
That 300K is gone (that would be my bet)But you get a Plan B Citizenship, a good retirement spot (maybe) and an option’s opportunity for the kids. I’m interested!
@@leopercipied2741 Feel free to reach out to Hany 🙂
@@leopercipied2741 I am Egyptian and live in New Cairo a compound similar to the one in the video. I agree with you, it's good as a plan B and the life here is perfect.
You get a great weather and if you manage to get the citizenship that would be a fabulous thing. I personally didn't know you can get Egyptian citizenship this way. Getting the Egyptian citizenship is new because the goverment needs USDs and this may change in the future.
Who can think about investing in an unstable region facing wars and economic deterioration?? Egypt is losing almost 50% of income from the Suez Canal, and faces weak leadership as Israel plans to expel 2 million Palestinians to the Sinai desert.
Definitely not risk-free
You don't have sense
So why are people investing in isreal? They inhabit the same region 🤔
🇪🇬EGYPT the KINGDOM of KINGS...RISE And PROTECTED❤
This where Egypt government is going wrong ! The New Egypt Is NEW ALEXANDRIA a 500 mile capital city that spans west of Salloum Egypt to Alexandria Egypt !
so making a new modern city which is car-centric again and not for the human scale. nice egypt nice.
It's worth noting the friend of Ladislas is named Hany (with a gutteral H) and not with a nickname by Ladislas ("Honey")!!
I was thinking the same!🤣
I have some work to do 🙂
I know we're just talking about Cairo here, but the whole of Egypt presents vast empty space. The expanse alone is more than enough to look into. Also plenty of lower-class, working class people need housing.
If you build a lot for higher and middle class than the lower class will find a lot of housing opportunities for affordable price
@@TheStatistico thats not how its gonna work.
Government did great job in terms of protecting themselves from majority living in poverty.
With that call to prayer loudspeaker making noise to residents everywhere, forget convincing investors to buy units in this place.
cash or visa?
Go Green please
I see you invest with your hardcash money in Egypt converted in EGP and what happened in a few years if you want out from Egypt and bring your money back in the US or Europe? 😅
That’s one of the key risks highlighted in the article. Foreign exchange and capital controls
2 to 3 years it will still be empty, this sales guy is delusional. Project delays are rife, economic issues, most ppl cannot afford to buy. If u should invest in cairo, then sheikh zayed is probably the best as its close to all the new musuems and has the new airport for tourism.
Too car centric
Yep. Will most likely fail cuz of that unless govt forces ppl to move there.
How lol? light train,fast train, monorail and the middleast's biggest bus station lol
@@da7war655right 😂, if they think this is car centric they should see Dubai, KSA or any other gulf country
@@greveeen yucky, the bedouins countries, they were living in tents 40 yrs ago, living in a car centric country for them is the maximum civilisation
better to rent in current unstable world
bro 50k/ meter is not affordable for most egyptians.
3:39 it's literally called mohamed bin zayed street and hany doesn't want to admit it's UAE style lmaoooooo
Hope you enjoyed the city that they built with the Egyptian citizens's money, while they can't afford the basic food products
Return of Investment = ..... ?
It would be nice if you could find out how to invest in Real estate In Rwanda, Tanzania, Uganda
If you want to ensure you lose every cent: invest in New Cairo!
too many people? no! too much greed! hope this capital gets protested too like it did last dictator, but interestingly they made it far from the people guess. him working under last dictator taught him few things to suppress the people further
This is already the least walkable development in the history of humanity.
Lol. Yeah.
🇾🇪❤
Do you plan to do any video for Venezuela investment (Isla De Margarita)? I believe it is hidden gem but I want to know the risks for political instability
Maybe
China build this magnificent and ultra modern City along with the Egyptians!
Stop lying
Any problems arise with the developer with whom you are buying forget any chance of remediation through the courts. You would end up walking away and writing off the investment. Egypt ranks 135 out of 140 in rule of law index. Better off investing in Somalia!
The courts are slow
Exactly. However, if you chose the correct developer, you should not have a problem there. I would say that, regardless of the country, off-plan investing is very risky.
@@TheWanderingInvestor the courts are baksheesh bureaus.
@@sbadrawi2011a Yes but Egypt is next level. Zero ability to enforce contract law.
Same applies with Turkey
No hope
The future is in Saudi Arabia. Therefore, I advise everyone to invest in Saudi Arabia because it is the strongest economy in the Middle East and the projects there are giant, pioneering and creative. Your loved ones from Greece.
huge money is to be made in Egypt not Saudi, Egypt has a bigger market due to better geographical locations like the Mediterranean Sea and Red Sea. Egypt also has a way better weather aswell
Saudi people telling foreigners that saudi is better than Egypt in every video about Egypt is one of the most pathetic things I have seen lol
Lol the country saudi itself is investigating in Egypt to make money loll
Good luck trying to take failed business partner to an egyptian court ...
It is amazing how you show us what is the benefit of the Administrative Capital at the beginning of the video, and you do not know anything, lol. The Administrative Capital was built not to reduce the population density in Cairo, but rather to be a commercial center and an investment center that has a strong infrastructure like Dubai in the Emirates.. In fact, what made me laugh very, very funny when you pointed out To the bridge at the beginning of the video, man. We have spent more than 400 billion dollars on infrastructure in Egypt over the course of 10 years. We have become number 29 in the global classification for road quality, and this was in 2019, and we were 118th globally in 2014, so you literally know nothing at all, and the house that I mentioned that it is very good. It is considered good. It only needs a few repairs on the outside. Residents often leave the house like this because this aspect of it is of no use to them.
Hard pass.
Don't invest in Egypt real-estate. It's not safe for the investor nor the consumer.
Shame on you Adam 🙂
Yes shame on me because I want to scam foreigners into my country and take all their investments that they worked all their life for. People like you thinks investors found their money in the street or picked from a tree. I have seen the real estate scams by my own eyes in Hurghada and many other cities in Egypt and seen how fragile the system is protecting the peoples investments. I have seen how easy it is a person can sell the same property to several investors and the government is not willing to do any thing about it since they benefit from such chaos in the court of law. I have endless stories of realestate scams. at last, (DO NOT INVEST) it's not a safe environment for any investor nor consumer.
@@anubis1243
We do not want foreigners to buy real estate in our country lol You initially tell us that this is a city to reduce the population. How will the population density decrease when foreigners live in the new capital? This video is disastrous and very funny
The Egyptian economy is not sustainable it is totally reliant on loans and grants from the western countries and from the oil rich Arabian gulf countries, Egypt has no resources to support their massive population growth, unlike iran,Turkey, brazil or Ethiopia Egypt is just a desert 🌵 country! They have very little precipitation and they rely on the nile as their main source of sweet water and not the Ethiopians have completed 95% of the renaissance dam project which will block the needed water from flowing in to the blue nile which will have a devastating effect on Egypt’s agriculture, the revenues from tourism is dwarfed by dubai’s tourism revenues for instance, the latest investments in tourism had no positives impact on tourism revenues at all.
Is it safe for jews to live there?
No
Yes,just in case you aren't Zionest
Yes,just in case you aren't Zionest
Yes,just in case you aren't Zionest
One of the worst things in Egypt is the mosques when they start calling the Azan to prayer. They usually use very loud speakers at the same time. Really crazy and annoying.
Egypt lol what a dump.
Wow , A terrorist talks
Not dumper than you smart ass