Overview of Shorouk City Real Estate Market
Shorouk City is experiencing an unprecedented boom in its real estate market, with diverse ownership apartment options available across different areas. Located strategically 35 kilometers from central Cairo, Shorouk City apartments represent an excellent choice for those seeking distinguished residential properties or real estate investment opportunities.
Apartments for Sale in Shorouk City: Areas and Prices
The residential properties in Shorouk City are distributed across four main areas, each with distinct characteristics and price ranges. Here’s a detailed breakdown of each area:
First District: Premium Location Apartments
The First District stands as one of Shorouk’s most prestigious residential areas, offering apartments ranging from 120 to 180 square meters. These apartments are characterized by their proximity to essential services and vital facilities, making them an ideal choice for families seeking stability.
Second District: Modern Apartments with Luxury Finishes
The Second District provides super lux finished apartments ranging from 140 to 200 square meters. This area is distinguished by numerous modern residential projects and integrated compounds offering installment payment plans.
Third District: Investment Apartments Near Universities
The Third District is renowned for its apartments near educational institutions and universities, making it an excellent investment opportunity for those interested in student housing. Apartment sizes range from 130 to 190 square meters.
Fourth District: Affordable Installment-Based Apartments
The Fourth District offers excellent opportunities to purchase apartments through convenient installment plans, with sizes ranging from 110 to 170 square meters. This area is ideal for young couples and those seeking reasonable prices.
Apartment Prices in Shorouk City 2024
Table 1: Sale Prices in Different Shorouk Areas
| Area | Price per Square Meter | Available Sizes | Payment Systems |
|---|---|---|---|
| First District | EGP 8,000 – 12,000 | 120 – 180 m² | Cash – Installments up to 5 years |
| Second District | EGP 10,000 – 15,000 | 140 – 200 m² | Cash – Installments up to 7 years |
| Third District | EGP 9,000 – 13,000 | 130 – 190 m² | Cash – Installments up to 6 years |
| Fourth District | EGP 7,000 – 11,000 | 110 – 170 m² | Cash – Installments up to 8 years |
Benefits of Buying an Apartment in Shorouk City
Apartments in Shorouk City offer numerous advantages that make them a smart investment choice:
Infrastructure and Services
The city boasts comprehensive infrastructure serving all residential properties, including:
- Modern internal road network connecting all residential areas
- Integrated utilities for water, electricity, and sewage
- Advanced telecommunications network covering all areas
Educational and Healthcare Facilities
Near Shorouk apartments, residents can find various essential services:
- International and public schools
- Shorouk University and educational institutes
- Hospitals and specialized medical centers
Guide to Purchasing an Apartment in Shorouk City
Steps for Buying an Apartment in Shorouk
When searching for apartments for sale in Shorouk City, follow these steps:
- Determine appropriate budget and preferred payment method
- Select suitable area based on needs
- Inspect available apartments in chosen area
- Verify all legal documentation
- Negotiate price and contract terms
Important Tips for Buying in Shorouk
Key considerations when purchasing an apartment in Shorouk City include:
- Verifying developer reputation
- Reviewing building permits and official papers
- Studying future development plans for the area
- Checking finishing quality and materials used
Investment in Shorouk Apartments
Table 2: Expected Investment Returns for Shorouk Apartments
| Investment Type | Annual Return | Capital Recovery Period |
|---|---|---|
| Residential Apartments | 8% – 12% | 8 – 12 years |
| Furnished Apartments | 12% – 15% | 7 – 9 years |
| Student Housing | 10% – 14% | 7 – 10 years |
Future of Shorouk City Real Estate Market
The apartment sales market in Shorouk City shows continuous growth, with price increases expected at 15-20% annually. Development projects continue throughout the city, increasing real estate investment value.
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Conclusion
Apartments for sale in Shorouk City represent an excellent opportunity for both residential and investment purposes. With ongoing urban development and service improvements, property values in the city are expected to increase in coming years. Therefore, the current time is ideal for investing in Shorouk apartments or purchasing a residential unit in this promising city.
