Alexandria is a major coastal city located in Egypt and is one of the largest cities in the country. Known for its rich history and cultural heritage, Alexandria is home to several important landmarks and historical sites, including the Library of Alexandria and the Qaitbay Citadel.
The real estate market in Alexandria is varied, with a range of options available for both buyers and renters. The most expensive neighborhoods in Alexandria are typically located along the city’s coastline, such as Montazah and Al-Max, while more affordable options can be found in areas such as Sidi Gaber and Raml Station.
The city is also home to several new residential developments, which offer modern amenities and high-quality construction. These developments typically cater to middle- and upper-class buyers and renters, and offer a range of options, including apartments, townhomes, and single-family homes.
The real estate market in Alexandria can be divided into several areas, each offering a different lifestyle and price range. Coastal neighborhoods, such as Montazah and Al-Max, are among the most expensive and popular areas, offering luxurious homes and apartments with stunning views of the sea. These areas are typically home to expatriates, diplomats, and wealthy Egyptians and offer a variety of amenities, including private beaches, clubs, and restaurants.
More affordable options can be found in areas such as Sidi Gaber and Raml Station, which offer a mix of older homes and newer developments. These areas are popular among middle-class Egyptians and offer a more traditional lifestyle, with a strong sense of community and a variety of shops and markets.
The rental market in Alexandria is strong, with a variety of options available, including apartments, townhomes, and single-family homes. Rental prices in Alexandria are generally lower than in other major Egyptian cities, with the average one-bedroom apartment going for around 3,000 EGP per month. However, rental prices in the more upscale neighborhoods can be significantly higher, with the average one-bedroom apartment going for around 6,000 EGP per month.
Overall, Alexandria is a city with a rich history and culture, and offers a wide range of real estate options for both buyers and renters. Whether you’re interested in exploring the city’s landmarks, immersing yourself in its cultural scene, or simply enjoying its stunning coastal location, Alexandria has something for everyone.