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FINANCIAL NEWS
Egypt’s real estate market grows by 25 percent
11 Jul 2016
(MENAFN) Egypt’s rental properties expected to increase as summer rolls in and Ramadan comes to a close, which is the time when the price of rental properties always grows.
Moreover, rent prices will increase by 25 percent this summer, one of the highest increases witnessed in a long time, depending on tourists flocking in from the Gulf.
Accordingly, the contact with Gulf tourists is established a month before the individual lands in Cairo, and a deposit is paid in advance.
In addition, the cost of renting an apartment in Downtown Cairo costs between USD 0.78mn and USD 0.89mn a month.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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