Royal Residence, Cairo

Country

Egypt

Area

Cairo

Region

Cairo

Town

Cairo

Is Royal Residence in Cairo our hottest property for 2009? Well we think so. Pre launch prices from £39,995. Beat this: Royal Residence, Cairo has a deferred payment plan AND already has a full due dligence report from a UK legal firm. Register NOW to reserve the very best apartments.

• Are you looking for a top city invstment? 
• Are you looking for low priced property but with no compromises on risk?
• Are you looking for low pre launch prices that make sense for the world in 2009?

If you are, like us, convinced that Egypt will deliver some of the best property returns over the next three years, then read on.

On this investment Lance Nelson, of Jet2Let Property says:

"Egypt is a new property investment location and we urge investors to take a close look at Royal Residence. We want you to be comfortable that you have all the information to make an informed purchasing decision. Buying in Cairo, and in Egypt, can be very rewarding. However, it is a different culture for many -  and that is why we guide all our buyers to use professional lawyers. Lawyers with local presence, but still covered by the UK law society. The reasons for this are many and I am very happy to explain the reasons why in detail."

At Jet2Let Property we will explain in details how, in Egypt, title in the development land is often passed on from seller to buyer via a power of attorney contract. 

But its only when there is a "green contract" that investors can be sure that the land is owned and registered in the developer's name. Royal Residence has this "green contract."

See arabic versions of green contract attached. UK translations available very soon -  just email or call us and we will send these.

For Cairo investment we searched for the safest opporunity we could find from developers used to European levels of service and standard. We had to reject many Cairo development projects as they simply were not contractually secure enough. We want all investors to get the highest level of due diligence.

Often well packaged investment properties are priced at a premium. This finished property is up to 50% cheaper than others being marketed in Cairo. And Royal Residence location is better.

Prices 

56m2 (gross) Studios fully finished with kitchen (except appliances) from just £39,995. One bedroom 96m2 apartments from £68,995

Location 

Located 500 metres from Cairo International airport perimiter. But not under any flight path. The development of 100 apartments over eleven floors close to the airport makes this a very prmising rental opportunity.

Rental Opportunity

Cairo's metropolitan area has 17.8 million people and with strong economic growth and an emerging middle class there is now a shortage of european standard properties to rent. A Novotel os $150 per night and the five star hotels have no problem charging $250 per night now.

The developer and operator of hoteld in Paris is bringing the aparthotel concept to Cairo. Currently two bedroom aparmtments rent for 1,300 to 1,500 Egyptian pounds per night and one bedroom apartments 700 EGP to 1,300 EGP. Even at just 70% occupancy this works out, after expenses, at forecast yields of over 15%.

The Development

Located with existing roads on all sides, access is a given. Royal Residence is in a mainly residential district that is considered prosperous.  11 floors imaginatevely arranged arounf an internal courtyard so that privacy of entrance is maintained for all apartments. Views above the fifth floor are guaranteed. Planning regulations will not allow further development up to this height.

About the developer

The developer has been in business since 1964 with numerous projects to their name. They have many years experience of running Hotel France Deux in Paris and are committed to offering Egyptian property up to the European standards they are accustomed to.

About Cairo

From Wikipedia:

Cairo is the Arab World's largest and Africa's most populous city. While Al-Qahirah is the official name of the city, in Egyptian Arabic it is called by the dialect's name for the country, Masr. (Egypt's first Arab capital, Fustat, was known as Misr al-Fustat, "City of the Tents".)

Cairo was founded by the Fatimid caliphs as a royal enclosure. It replaced Fustat as the seat of the government. It later came under the Mamluks, was ruled by the Ottomans 1517 to 1798, and briefly occupied by Napoleon. Muhammad Ali of Egypt made Cairo the capital of his independent empire from 1805 to 1882, after which the British took control of it until Egypt attained independence in 1922.

Cairo has a population of about 8 million people, according to the 2006 population census.[1] The number of inhabitants was about a million higher at the time of the census, but this was adjusted downwards on the 17th of April 2008 when the new government of Helwan was created from parts of the old Cairo government. Cairo's metropolitan area has a population of about 17.8 million people. Cairo is the sixteenth most populous metropolitan area in the world. It is also the most populous metropolitan area in Africa.