In that last two years, the real estate market witnessed a high demand for units in East and West Cairo. This is in order to flee the overpopulation of the capital, and to live in calm and privacy, and enjoy the distinguished services of these areas. East Cairo includes cities of New Cairo, Fifth Settlement, Mostakbal City, and The New Administrative Capital, and the West contains 6th of October, and Sheikh Zayed. That’s why, a question rises up on the scene by those who are buying their units: “Which is better for real estate investment: The Fifth Settlement or Sheikh Zayed?”
The Fifth Settlement or Sheikh Zayed? Buyers perplexed
Egypt is moving more towards East Cairo in the urban expansion and construction of various projects, which explains the choice of the location of The New Administrative Capital, east of Cairo, which in turn has led to an increase in the price per square meter in the Fifth Settlement 3 times what it was; bringing the price per square meter to EGP 25,000, followed by West Cairo cities, and cities of Shorouk and Obour came third in terms of prices.
What features the purchase in the Fifth Settlement from Sheikh Zayed, and West Cairo in general, the presence of major companies and banks in it, which contributes to the real estate boom of the Fifth Settlement.
Other criteria for choosing your residence
We find that the Fifth Settlement and Sheikh Zayed attract the residents of the neighboring cities. For example, for Sheikh Zayed, residents of Giza and Dokki accept it because of their linkage with Sheikh Zayed through several roads, the most important of which are the Cairo-Alexandria Desert Road, Rod al-Farag axis, and the 26th of July Corridor, which facilitates transportation to and from Sheikh Zayed.
But if you are a resident of Cairo, specifically in Nasr City, Maadi, or Mokattam, the Fifth Settlement is closer to you than Sheikh Zayed.
Here is a profile of Sheikh Zayed and the Fifth Settlement, and the most important neighborhoods in them:
The Fifth Settlement
Among the most prestigious new areas, where international companies and banks are racing to invest in it. The most important neighborhoods of Fifth Settlement is 90th Street; one of the most important factors of attraction for those looking for apartments for sale in Fifth Settlement. The Fifth Settlement is characterized by important roads and entrances to facilitate transportation to and from it, such as El-Moshir Tantawy Axis, Ain Sokhna Road, and Nasr City.
The most important neighborhoods for housing in the Fifth Settlement
El Kornfol District
- It features spacious areas, and distinctive views.
- The district overlooks the 90th Street.
- Its proximity to vital areas is important.
- Low population density, ensuring calm and privacy.
- Its distinguished location is near Platinum Club, Wadi Degla. It lies between Madinaty and Mountain View.
Lotus District
- Its design comes in the shape of the lotus flower. 40% of its area goes for housing, 30% for commercial areas, and 30% for recreational areas.
- Lotus District contains important compounds, the most famous of which are the following Kattameya Dunes.
- Kattameya Dunes contains malls, company and bank buildings, and entertainment services.
- It lies in the middle of the city, and therefore it is called the heart of New Cairo.
Bet Elwatn
- Bet Elwatn is one of the best projects in the Fifth Settlement for Egyptian expatriates, therefore, the services and facilities associated with it are distinguished by quality and following the latest international systems.
- The services area is located in the middle of the neighborhoods, not inside it, which guarantees privacy and tranquility for the residents of Bet Elwatn.
- Its location is near to the New Administrative Capital, Rehab, and Madinaty.
- Large green spaces.
- Distinguished internal division of units.
- The average price per square meter in the Fifth Settlement apartments is EGP 10,000, while for villas, the average price per square meter is EGP 20,000.
Sheikh Zayed
New Urban Communities Authority added expansions to Sheikh Zayed City to have New Sheikh Zayed City. The new city lies on an area of 9,495 feddans in the west of Sheikh Zayed near West Cairo Airport, and the Smart Village.
It includes residential projects, the most important of which include Dar Misr and Sakan Misr, as well as the nearly completed road to link Sheikh Zayed to Maadi, Zamalek, and Dokki. All these expansions have attracted People to search for apartments for sale with Sheikh Zayed.
Most important neighborhoods for housing in Sheikh Zayed
Sheikh Zayed consists of 20 neighborhoods where all services are available. Here are the best for real estate investment:
Fourth Neighborhood
It includes various housing units, in addition to educational services from schools and universities, and health services. The price per square meter is EGP 12,000.
Eighth Neighborhood
It is characterized by calmness and sophistication. Moreover, it is one of the favorite neighborhoods for families because of its wide areas. The price per square meter for apartments is EGP 8,000, while for villas, the price per square meter is EGP 14,000.
Fourteenth Neighborhood
It includes the finest residential projects such as, El Yasmeen Compound, Rawdat Zayed, and Rayhanah Plaza. The price per square meter of the apartments is EGP 11,000.
* Please note that the prices provided in the article are changeable. In Aqarmap, we are keen on updating the neighborhood price list constantly to keep the consumer up to date in the Real Estate Market and measure demand indicators via Aqarmap Index.
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