Investing in Real Estate in the New Administrative Capital of Cairo in Egypt

[@TheWanderingInvestor]

🇪🇬 Contact Hany and more information on the Egyptian CBI: thewanderinginvestor.com/services/residency-and-citizenship-by-investment/citizenship-by-investment-in-egypt/ 🇪🇬 Contact Mohamed the private developer in the middle: [e-mail] 🇪🇬 Contact Hany to invest in Egyptian real estate: thewanderinginvestor.com/services/international-real-estate-services/real-estate-agent-in-cairo-egypt/ 🇪🇬 Full analysis of the real estate investment market in Cairo: thewanderinginvestor.com/international-real-estate/making-a-real-estate-investment-in-cairo-egypt-a-contrarian-play/

[@sbadrawi2011a]

Would it be better to go for a purchase with an installment plan over many years (the monthly payment is fixed in Egyptian pound) or buy later with cash after the devaluation of the Egyptian pound! Or maybe it evens out in the end and there will be no big difference!

[@husseinabd6937]

This is fairly expensive compared to other cities around the world with stable political systems and solvent economies

[@husseinabd6937]

You seem that you are an avid real estate traveler, you could the difference between a property in Panama and a property in Egypt. Or even in Mexico where you can buy good investment in get your money worth the risk. Egyptian markets are know of speculation for it uncertain economic stability

[@lightknowledge5297]

@@husseinabd6937 But Mexico is very dangerous.

[@lightknowledge5297]

@@husseinabd6937 How ? Where ? What country has a Real estate cheaper than Egypt?

[@alex_2020]

Great job, Egypt!❤ Future of Middle East - North Africa region is Egypt!

[@mohammedhammad6412]

Man, people can't afford food prices in Egypt

[@gogo-vj4qw]

​@mohammedhammad6412 hhhhhhhhhhh well said. Not only foods people in there so crazy

[@mohammedhammad6412]

@@gogo-vj4qw what do you mean that people are so crazy

[@arminius6506]

Egyptians can't afford it

[@mohammedhammad6412]

@@arminius6506 more than 50% of Egypt's population are Below the poverty line

[@leopercipied2741]

Well done! Again, unbiased and actionable information. Egypt sound like an “after Türkiye” investment location. Not a place to “cut one’s teeth” geo arbitrage wise. Keep ‘em coming!

[@TheWanderingInvestor]

Exactly. After Turkey 😅👍

[@Ibn_Abdulaziz]

Has any non-Muslim government built a Mosque for Muslims? No, they close them and they ban Islamic attire. Building a place of polytheism to be uttered for the christians is not allowed.

[@Cyprian562]

Thank you so much for the great video. It's unfortunate that litter is widespread in the streets, reflecting a societal issue. If people were more committed to change and taking care of their country, Egypt could potentially become one of the best nations.

[@CoolMAN4050]

In Egypt a lot of immigrants from Syria and Palestine, watch France, its the same, problem that in Europe all know who is immigrant and in Egypt they look like egyptian, thats why all think that egyptian not care of country, normally we tired, we tired to fight with tgem, tgey have their areas full of rubbish and rats, goverment left them such

[@ziyadwael8666]

True but we need to keep in mind that corruption comes when the government puts their nose in every single thing Keeping space for private sectors is the only key to stop corruption

[@YousefHurf]

As an egyptioan who lives outside, it's really awosome to see this !❤

[@Ruheschrei]

😂 get used to see it from the outside. Its only for the rich, and western rich. Go egypt!

[@YousefHurf]

@@Ruheschrei YES YOU ARE RIGHT IT'S ONLY FOR THE RICH PEOPLE, that's how dubai started to Polarize rich European and Americans to their country before the oil invention. And I'm happy to see this on my country because all gulf and euro people will put so much investment inside egypt

[@TONI__KROOS]

@@YousefHurf where do you live?

[@YousefHurf]

@@TONI__KROOS i live in ksa and Bahrain kingdom

[@tarekwaelkamel8617]

Man you need to vist new Alemain city in the North coast it will blow your mind plus they do have really great projects aswell you can ask Hani to tell you exactly wich projects are the best and you can choose if you want to live in a skyscraper or a premium villa on the beach or a middle class project

[@TheWanderingInvestor]

Thank you Tarek. I’m probably going there in April.

[@tarekwaelkamel8617]

@@TheWanderingInvestor well the best season is from June to August and make sure to grab your sunscreen lotion and your sunglasses because it's really sunny out here and i hope you will enjoy your stay next time you vist

[@tarekwaelkamel8617]

@@TheWanderingInvestor buy the way you should check Ras el hekma city project as well its a 22 billion USD investment project totally funded by the UAE to creat this huge city in the next 5 years on the North Coast ill send you a link the master plan

[@tarekwaelkamel8617]

@@TheWanderingInvestor they signed the deal all ready and hopefully they can start soon kzbin.info/www/bejne/o2WXeIagrZ2LprMsi=PVIpng_CjJguzRjX

[@guccimello4648]

go in July not April@@TheWanderingInvestor

[@prietjepruck]

Of all the 70+ countries I've visited, Egypt would be the last place I’d consider investing in. Never before have I encountered such dishonesty or felt such contempt from government workers as I did there. Corruption seems deeply embedded in the very fabric of its structure.

[@J0HN_3_16]

How will Egypt's strong inflation impact real estate values? Should we expect future devaluations?

[@TheWanderingInvestor]

You should read the full article as I address the black market rate and the imminent devaluation. Inflation is not necessarily bad for real estate as people pile into it for protection. We saw it in Turkey. Generally good for capital gains if the inflation does not last too long, but invariably bad for rental yields as you are locked in with tenants.

[@J0HN_3_16]

​@@TheWanderingInvestorthank you for your insightful analysis.

[@sbadrawi2011a]

@@TheWanderingInvestor ​Would it be better to go for a purchase with an installment plan over many years (the monthly payment is fixed in Egyptian pound) or buy later with cash after the devaluation of the Egyptian pound! Or maybe it evens out in the end and there will be no big difference!

[@johntezz55]

Thank you for the info. I followed you since your analysis in Kenya. People who don't know this account are missing out.

[@TheWanderingInvestor]

Thank you 🙏. Spread the word

[@arafa4567]

This is not the monorail, this is the LRT. But it's okay many people get mixed up

[@ezelleze6264]

LRT are ground level rails, thats elevated meaning it is a monorail

[@AntoneJohnson-dq5gm]

Mediterranean Ave Interstate highway Began In Casablanca Morocco And End At Port Said Egypt ! A train rail route is in the middle ! So the capital is complete !

[@Nubialady32]

I hope they will also built more cities like this in Africa

[@lookwhostaking6700]

3:50 that's Fatimid cairo style lol, UAE was a desert 20 years ago they don't have a cultural architecture

[@dimples5058]

It’s built with uae and Saudi money tho , don’t mock your kafil

[@lookwhostaking6700]

​@@dimples5058I'm Egyptian,i am the kafil of saudi and UAE lol, those tents inhabitants are humans now because of me and my charity that they will always be grateful for me for lol

[@dimples5058]

@@lookwhostaking6700 they are spending money so u can build ur favorite cities lmaoo even ur president said without them we will be gone 😁 respect your masters my friend that’s the situation rn

[@benjaminharrisongray9079]

I do kind of wish they would adopt some more classic Egyptian style. Egypt of course has its own many authentic aesthetics for thousands of years.

[@7178nana]

​​@@dimples5058 أسياد مين يا شبع بعد جوع ، لا اريد أن أصدمك لكن مصر لديها علم يدرس باسمها وهي الدولة الوحيدة في العالم التي لها علم باسمها يدرس في الجامعات العالمية وهو المصريات وهذا بسبب شدة تأثير مصر ثقافيا وحضاريا ، بينما انتو لم تنشأوا المدارس والجامعات إلا على آخر الزمن فاعرف مقامك كويس

[@es9382]

You're in my mind. Thanks for this vid 😊

[@PlayStationFixer417]

Great video , now you have a new subscriber ❤️

[@Rufusmonirath]

Very interesting video So much potential in Egypt.. From Cambodia

[@HamoEssam-m1c]

Thank you, from Egypt

[@ziadahmed6154]

egypt did have planning especially if you visit down town, garden city, Zamalek and Heliopolis. just that there was lots of corruption and no maintenance so many beautiful buildings were demolished and unplanned slums took their place. Sisi is trying his best to bring back the old egypt and to renew the parts of egypt that havent been demolished.

[@kwannp6141]

Lad, thanks for the video! I appreciate your honesty as we can see the developer was somewhat uncomfortable when you mentioned the $300k opportunity perhaps not with his project, lol ..

[@MuzaffarAbdullah-zh9ns]

Hi there as a foreigner who’s been living in Egypt for over 10yrs open rubbish is something Egyptian love it’s like their personal friend. They seem to have an obsession with being dirty, I don’t say this with pride or to humiliate but as fact It’s something they need to educate their ppl on the flies and vermin is terrible

[@nisrmasry2134]

Imagine the irony that Modern Egypt when it was a kingdom of Egypt in the first half of the 20th century, it was very clean and civilized until the military coup in 1952 !! When all things turned into bad in the last 70 years, unfortunately 😔

[@user-zv8gd3jl7q]

Exactly what Afghanistan needs ! May whole of Egypt develops God willing

[@jgm3620]

Very interesting projects. I am very impress, the infrastructure, the new buildings, the different kind of apartments or Houses. I like that the church and that the mosque are close to each other. The project has a vision 👍😀

[@k.m.370]

I assume getting from Cairo airport to New administrative capital takes a long time and is kind of a hassle. Any idea if the new airport in the New Capital will start operating?

[@sbadrawi2011a]

I would not worry about the new airport operating. If Sisi lives next to the airport then it is a matter of a very short time before it starts operating.

[@TheWanderingInvestor]

The existing airport is pretty closeby actually. Not an issue. I couldn’t get a clear timeline on the new airport as it doesn’t seem to be a priority.

[@ziyadwael8666]

There is a new airport in the NAC and also about operating You can expect it to be fully developed by 2030

[@sronline3030]

After how many years are you allowed to sell your property again with cbi program?

[@TheWanderingInvestor]

After 5 years. Be aware that the risk of foreign exchange controls and capital controls is always there. It might not be easy to take your money out.

[@leopercipied2741]

That 300K is gone (that would be my bet)But you get a Plan B Citizenship, a good retirement spot (maybe) and an option’s opportunity for the kids. I’m interested!

[@TheWanderingInvestor]

@@leopercipied2741 Feel free to reach out to Hany 🙂

[@mjad218]

@@leopercipied2741 I am Egyptian and live in New Cairo a compound similar to the one in the video. I agree with you, it's good as a plan B and the life here is perfect. You get a great weather and if you manage to get the citizenship that would be a fabulous thing. I personally didn't know you can get Egyptian citizenship this way. Getting the Egyptian citizenship is new because the goverment needs USDs and this may change in the future.

[@greveeen]

Why wouldn’t you be able to do Airbnb? I’ve seen lots of available apartments on Airbnb with many being rented out in the good places

[@rrsee-zk3zu]

so making a new modern city which is car-centric again and not for the human scale. nice egypt nice.

[@nothingness4884]

I love the Nile area in Cairo, unfortunately Cairo is a mess, the pollution rivals that of Delhi. This country could become a regional superpower if they get their act together.

[@MostafaSrag]

Pollution in any Egyptian city is nothing compared to Delhi

[@nothingness4884]

@@MostafaSrag I agree, but Egypt is going in that direction. I have nothing but best wishes for Egypt, they deserve much better.

[@s3azab]

I like how when you asked about incentives to move to the new city he said yes but didn’t mention any. So how about actually getting your money out once you’ve invested? You can’t take EGP out of the country and you can’t exchange into foreign currency legally

[@TheWanderingInvestor]

Yes. That’s the biggest risk I mention in the article: thewanderinginvestor.com/international-real-estate/making-a-real-estate-investment-in-cairo-egypt-a-contrarian-play/

[@Chris.Davies]

If you want to ensure you lose every cent: invest in New Cairo!

[@ziyadwael8666]

Keep crying about it

[@majidtaha7268]

Lol new cairo is a whole different city frok the new administrative capital...new cairo city is being built since the yr 2000 and it's populated by millions now 😂..no need for yr investment

[@AntoneJohnson-dq5gm]

This where Egypt government is going wrong ! The New Egypt Is NEW ALEXANDRIA a 500 mile capital city that spans west of Salloum Egypt to Alexandria Egypt !

[@boreokookies7246]

I hope construction has been completed from the Chinese developers side of things. I heard they’re all in turmoil, having a real estate crisis right now. Thought great to see things going along smoothly for New Cairo.

[@TheWanderingInvestor]

There are some delays for sure generally speaking on the Egyptian side of things, but it’s moving along

[@sbadrawi2011a]

Would it be better to go for a purchase with an installment plan over many years (the monthly payment is fixed in Egyptian pound) or buy later with cash after the devaluation of the Egyptian pound! Or maybe it evens out in the end and there will be no big difference!

[@TheWanderingInvestor]

For citizenship: you have to cash Pure investment: I’d go with the installment plan to short the Egyptian pound over time

[@IvanAkinfiev]

​@@TheWanderingInvestor if you short the Egyptian pound, can you rent it out to tenants and have them make your monthly payments for you?

[@TheWanderingInvestor]

@@IvanAkinfiev yes. You pay over time but have control of the property from day one

[@DAWuuD_7890]

3:39 it's literally called mohamed bin zayed street and hany doesn't want to admit it's UAE style lmaoooooo

[@nealbekheetsaliyb2854]

The elevated tracks near the cathedral are part of the light rail. The monorail is a different system. I have an apartment in the adjoining Celia compound. Sisi has made some great decisions including the New Capital.

[@Planet_Xplorer]

He also bankrupted the country and established a police state.

[@king_horus]

أمك بتقول حاحا وهي نايمة معايا​@@Planet_Xplorer

[@GillesiMilevumis]

Damn, great video.

[@NoMadKid]

Should’ve spent the money in refurbishing old Cairo, it has the soul of Egypt as well as history. Gentrification sometimes work.

[@Kitty-o6r]

What about congestion and population growth in Cairo?

[@ziyadwael8666]

The government didn’t spend a penny on this project it’s a private sector verified by the government Plus they are already fixing Cairo but you can’t do this significantly because there are over 26 million residents So if you want to fix a road or bridge you need to remove many residential buildings so that’s why 26 new 4th generation cities are being built to reduce congestion in all governorates with an advanced infrastructure to attract residents

[@AM-jw1lo]

I would look at the youtube video of what tourists think of Egypt today before thinking to buy into Egypt, furthermore i think there is a big question that Egypt can afford to continue buying into this project, there is massive waste being built, Big idea ... probably too big.

[@neonomad1939]

I wonder what the protection is against an off plan project that isn't completed. Building timeline would also be helpful.

[@sbadrawi2011a]

It is not one project. I would say that it is multiple projects making up one big project. The government has been delivering on its promises in the development of the infrastructure. But it is up to each developer to complete their own individual projects. So, you might have a district where some projects are ahead of time, some are just on time, and some where it is delayed or possibly never completed.

[@arafa4567]

I invested there and in the contract it gives them maximum 1 year over the planned handover date in case of exceptional circumstances.

[@Kretencekk]

Do you plan to do any video for Venezuela investment (Isla De Margarita)? I believe it is hidden gem but I want to know the risks for political instability

[@TheWanderingInvestor]

Maybe

[@samepro4677]

can i ask what that 650$ per sm area is called?

[@TheWanderingInvestor]

@@samepro4677 Prices have gone up since then, feel free to get in touch with Hany. He has all the details.

[@67wdz51]

did they end up giving you the property?

[@TheWanderingInvestor]

@@67wdz51 I don’t understand your question

[@gavin1724]

😂😂😂😂

[@dovygoodguy1296]

The Red Sea? A real war location!?!

[@mutazbasha7707]

Not true, that in Yemen, red sea is big see, and Egypt is very safe, i am thinking to invest in Egypt... by the way i am not Egyptian :)

[@lookwhostaking6700]

Sharm el sheikh and hurghada are by the red sea and they are full of expats spending Their summer lol

[@CraigTheBrute-yf7no]

There is a war right now in Europe too. There might be a civil one in the US. These are big places.

[@mjad218]

Red Sea is Hurghada, El Gouna, Sharm El Sheikh (Sinai). These cities are great that living there may not be accessbile for most of Egyptians. Whole Egypt is safe btw.

[@yusufmohammed9839]

I'm Egyptian and I'm telling you that houses are much more beautiful inside Nobody cares about what outside there houses (they have no control on what going on outside maybe some mf come and ruin whatever have done) unfortunately this makes Egypt looks horrible

[@semangka4]

You should suggest the government to lower the number to 150.000 to 200.000 max in order to make it competitive.

[@MPANGA101]

Great content.

[@ummadam9608]

Great video. Very informative. If I'm interested in Egyptian citizenship, do I have to purchase $300, 000 USD property one shot or can I do an installment plan?

[@TheWanderingInvestor]

@@ummadam9608 Thanks. Whatever you do, $300,000 must be transfered to the developer within 1 year.

[@CobraGames-S]

can make new videos of egypt new capital again there alot of updated there we need see it again will be great

[@rafaeldla]

The down payments are insanely low, i saw several places for less than 10,000 usd.

[@Planet_Xplorer]

Very interesting! 👍

[@peternader6479]

This city in egypt is one of the best ways to protect your fortune against the world inflation and madness right after gold plates and stock of chinese companies

[@ahlaw1171]

As an Egyptian citizen, I am very happy with the giant project being created on my country’s land... for many reasons... 1- Egypt did not borrow a single pound for the project and it was built from the price of selling the land in the project to real estate developers and investors, including Forbes. The global project that will build a building bearing its name in the capital will cost $1 billion... 2- This project has created literally millions of jobs... 3- We needed modern government institutions with advanced technology capable of providing services better. 4- The old capital is very crowded and its facilities have been damaged due to crowding. We are increasing and need to create more housing so that the prices of the old do not increase... 5- The first phase was sold completely and the capital company made profits and paid taxes 6- The Egyptian economy is achieving continuous growth even during the Corona period.. 7- Inflation occurred throughout the world as a result of Corona and the Russian-Ukrainian war It has nothing to do with the new capital, which is a very successful project.

[@HHH906]

"Egypt did not borrow..."? Are you demented or getting paid to spread bullshit? The only country more indebted than Egypt is Argentina. If we had invested this money into improving existing infrastructure rather than sweeping it under the rug and building a new city, we wouldn't be in this mess. Nobody can even afford to move there, a 900 square foot apartment for the equivalent of $80k USD in the Third World is a joke. It's just a facade to put up the appearance of luxury for the few who can afford it, i.e the security apparatus. Or maybe someone like the person who posted this video, who's just an investor, and not one of the 20 million people this was supposedly built for to relieve congestion in Cairo. This whole project is a joke. Mubarak built New Cairo to replace Cairo as well.

[@lightknowledge5297]

@@ahlaw1171 Lagna🤣🤣

[@salimegypt6277]

you souund s like a cc man

[@alexn5743]

Tell me, why do you guys need a bigger military headquarters than the US military? Are you proud of how opulent the presidential palace is? Wouldn't you prefer if both had been scaled back to free up resources for concurrent improvements to Cairo?

[@YoussefAnan-p5i]

Liar this account probably works for the military. Egypt's dept has quadrupled since the military overthrew the government and this capital has drained all Egypt's resources and dept money.

[@benjaminharrisongray9079]

I know we're just talking about Cairo here, but the whole of Egypt presents vast empty space. The expanse alone is more than enough to look into. Also plenty of lower-class, working class people need housing.

[@TheStatistico]

If you build a lot for higher and middle class than the lower class will find a lot of housing opportunities for affordable price

[@bookle5829]

@@TheStatistico thats not how its gonna work.

[@2arbeonly]

All the best to Egypt as well all arab countries

[@michaelprovence]

I see you invest with your hardcash money in Egypt converted in EGP and what happened in a few years if you want out from Egypt and bring your money back in the US or Europe? 😅

[@TheWanderingInvestor]

That’s one of the key risks highlighted in the article. Foreign exchange and capital controls

[@lightknowledge5297]

Most of the world countries havea deficit in budget including the US .

[@GeneralHensaleey]

Investing realestate in egypt is good

[@amsogangsta]

Subscribed

[@isgoodovsubhuman1972]

$300,000 is a lot of money. I wish there was an easier path to citizenship in Egypt.

[@abumaalik9272]

New Cairo was desert 20 years ago, now people are making 700usd pm renting apartments near AUC. New capital will for sure increase in value simply by necessity because of the government moving all the administrative building there. All Egyptians will be forced to visit or move near there.

[@محمدنبينا-ذ4و]

Go Green please

[@dovygoodguy1296]

It's worth noting the friend of Ladislas is named Hany (with a gutteral H) and not with a nickname by Ladislas ("Honey")!!

[@sbadrawi2011a]

I was thinking the same!🤣

[@TheWanderingInvestor]

I have some work to do 🙂

[@dee2ttown]

This is great! so can I buy property, rent it out and have someone manage the property for me?

[@TheWanderingInvestor]

Yes. Don’t expect high rental yields though. Hany can help (contact info in description)

[@askedgolden6211]

😂😂😂they are all scammers there’s no management company in Egypt

[@point1377]

cash or visa?

[@dovygoodguy1296]

Who can think about investing in an unstable region facing wars and economic deterioration?? Egypt is losing almost 50% of income from the Suez Canal, and faces weak leadership as Israel plans to expel 2 million Palestinians to the Sinai desert.

[@TheWanderingInvestor]

Definitely not risk-free

[@OskarKen-kj7jv]

You don't have sense

[@CraigTheBrute-yf7no]

So why are people investing in isreal? They inhabit the same region 🤔

[@luckyluck-s5k]

Israel will not last long

[@ziyadwael8666]

First of all the country is stable and refused Palestinians entering sinai also about the Red Sea and Suez Canal that doesn’t have anything to do with Egypt it only decreases the income of the Suez Canal About the economic issues they are being solved because hundreds of investors are already investing and the rate of financial return here is insane egypt does have tax but compared to uae Egypt is so much better because it’s still developing so the rate of return will be higher and also the cost and prices here is really cheap attracting both investors and tourists

[@isaccarva]

It is sad that it still under construction and no people living there yet, but the people that passed there already littered every inch of the road. Sad 🤢

[@abcddef2112]

Too car centric

[@DonAl_Capone]

Yep. Will most likely fail cuz of that unless govt forces ppl to move there.

[@da7war655]

How lol? light train,fast train, monorail and the middleast's biggest bus station lol

[@greveeen]

@@da7war655right 😂, if they think this is car centric they should see Dubai, KSA or any other gulf country

[@da7war655]

@@greveeen yucky, the bedouins countries, they were living in tents 40 yrs ago, living in a car centric country for them is the maximum civilisation

[@canewlife]

Perfect ❤️

[@KazMaw1]

Nairobi is the same price per sqm

[@care1.]

🇪🇬EGYPT the KINGDOM of KINGS...RISE And PROTECTED❤

[@R_M_89]

2 to 3 years it will still be empty, this sales guy is delusional. Project delays are rife, economic issues, most ppl cannot afford to buy. If u should invest in cairo, then sheikh zayed is probably the best as its close to all the new musuems and has the new airport for tourism.

[@alexanderpushkin9160]

Government did great job in terms of protecting themselves from majority living in poverty.

[@engmsh3544]

The government was in the middle of cairo last year and what happened?! Cairo is a hell hole now and over populated, people build on fertile land and Egypt losses billions on traffic jammes... It's a great thing they moved the government. And if the poor people rose the new capital will not stop them. You are just living in the old centuries... The new capital is in the back of new cairo and all that still in next to old cairo They didn't build it in sinai or at the red sea away from the population.. Or even at the north coast...

[@ZettaiKatsu2013]

Riding against traffic is normal in egyptian highways

[@mohamedabdelkawy3426]

bro 50k/ meter is not affordable for most egyptians.

[@irfan5336]

Overall good step toward new vision.

[@joshuarock4631]

too many people? no! too much greed! hope this capital gets protested too like it did last dictator, but interestingly they made it far from the people guess. him working under last dictator taught him few things to suppress the people further

[@ziyadwael8666]

What type of dictator stop listening to brotherhood videos and observe the reality The NAC will attract thousands of foreign and local investors Because of its advanced infrastructure, great planning and also using dessert ($0) land and converting it to money and also linking it to ports which will make it a world Buisness headquarter which happened by uae in Dubai Stop capping👌🏻

[@alimtanta2934]

It would be nice if you could find out how to invest in Real estate In Rwanda, Tanzania, Uganda

[@AboutThings_byTarif]

This is already the least walkable development in the history of humanity.

[@TheWanderingInvestor]

Lol. Yeah.

[@point1377]

better to rent in current unstable world

[@vishalsayyz]

Chinese investment means Egypt game over death trap 😢

[@ziyadwael8666]

That’s just he central business district But hundreds of local and foreign countries invested in the downtown and in many districts

[@vishalsayyz]

@@ziyadwael8666 OK OVERALL MANY COUNTRY INVESTED NOT ONLY CHINA THATS GREAT

[@ziyadwael8666]

@@vishalsayyz yeah so what’s your point? this city is massive Chinese investment is just nothing compared to the number of companies in this project

[@Lanark83]

Any problems arise with the developer with whom you are buying forget any chance of remediation through the courts. You would end up walking away and writing off the investment. Egypt ranks 135 out of 140 in rule of law index. Better off investing in Somalia!

[@TheWanderingInvestor]

The courts are slow

[@sbadrawi2011a]

Exactly. However, if you chose the correct developer, you should not have a problem there. I would say that, regardless of the country, off-plan investing is very risky.

[@Lanark83]

@@TheWanderingInvestor the courts are baksheesh bureaus.

[@Lanark83]

@@sbadrawi2011a Yes but Egypt is next level. Zero ability to enforce contract law.

[@investglobal0707]

Same applies with Turkey

[@dilach41]

they should rent the whole place to Hollywood.

[@khaled7stars]

With that call to prayer loudspeaker making noise to residents everywhere, forget convincing investors to buy units in this place.

[@AnmarCrazyFacts-fw7rn]

The future is in Saudi Arabia. Therefore, I advise everyone to invest in Saudi Arabia because it is the strongest economy in the Middle East and the projects there are giant, pioneering and creative. Your loved ones from Greece.

[@guccimello4648]

huge money is to be made in Egypt not Saudi, Egypt has a bigger market due to better geographical locations like the Mediterranean Sea and Red Sea. Egypt also has a way better weather aswell

[@da7war655]

Saudi people telling foreigners that saudi is better than Egypt in every video about Egypt is one of the most pathetic things I have seen lol

[@lookwhostaking6700]

Lol the country saudi itself is investigating in Egypt to make money loll

[@Jmpd1117]

New Administrative Capital is THE lamest name ever. Why not use Memphis or other excellent Egyptian possibilities? The place NEEDS a name before it can become a destination, for people or investments.

[@xdahmane6232]

Even egyptian specialists, in all engineering fields, cannot afford to buy an appartement in thie new city. It's a trap for foreigners and if you apply for egypt citizenship it will be worse. Take care.

[@ziyadwael8666]

Nah not true bro Egyptians can afford and thousands of residents have already moved there it’s not Dubai There are lots of residential buildings that are really affordable and the new skyscrapers you see are mostly for international and local companies also banks Because this place is strategic near the ports in the Red Sea which holds more than 12% of the world business

[@islamabdelrahman227]

😅 investors run from egypt btw , even Egyptian investors 😬, egypt government is not looking for investment or discovery or even improvement, looking only for easy money 😉

[@ziyadwael8666]

Not true, over 3000 foreign investors have started investing in Egypt in the last 2 years only and Over 7000 Egyptian companies have started investing Stop spreading lies

[@islamabdelrahman227]

@ziyadwael8666 because they use dollars, my friend . Those investors, as i said you are hot money for them, not a stable market . 1 million dollars is 50 million pounds. Who wouldn't take advantage of this ? Im talking about investors seeing egypt as a stable and successful, worthy, trusted market, but we dont have this , even the country it self and the government sell the country or borrow to get money because they dont have any good projects or investments, no exporting 🤷🏻‍♂️

[@ziyadwael8666]

@@islamabdelrahman227 no bro everything is really stable now the government have made sure no more floating of currency

[@davidfognini8526]

China build this magnificent and ultra modern City along with the Egyptians!

[@EgyptianHorus]

Stop lying

[@EG-gw7zp]

It is amazing how you show us what is the benefit of the Administrative Capital at the beginning of the video, and you do not know anything, lol. The Administrative Capital was built not to reduce the population density in Cairo, but rather to be a commercial center and an investment center that has a strong infrastructure like Dubai in the Emirates.. In fact, what made me laugh very, very funny when you pointed out To the bridge at the beginning of the video, man. We have spent more than 400 billion dollars on infrastructure in Egypt over the course of 10 years. We have become number 29 in the global classification for road quality, and this was in 2019, and we were 118th globally in 2014, so you literally know nothing at all, and the house that I mentioned that it is very good. It is considered good. It only needs a few repairs on the outside. Residents often leave the house like this because this aspect of it is of no use to them.

[@mahmoud-ty7km]

300K USD INVESTMENT in PORTUGAL 🇵🇹 leads to citizenship also after 5 year Which is so much better than the Egyptian citizenship

[@engmsh3544]

شكرا يامصري، حبك الشديد واضح لبلدك :) بس الاجنبي لا يحتاج لباسبور البرتغال و البرتغال الان وضعها الاقتصادي سئ ، و سرعه ارتفاع قيمة العقار قليلة مقارنة بالعاصمة الادراية، غير انها مركز تجاري ترفيهي.. اما في البرتغال انت هتشتري مجرد عقار عادي فب منطقة عادية. دة سبب ان الاجنبي بيفهم عنك لان تعليمك ضايع و بتحسبها غلط

[@riceast9054]

Why invest here ? So what if a 300 k real estate investment means you get citizenship !! Who wants to be associated with a country run by a MILITARY government. Then how about the country is next to a war zone. Egypt has never done very well in wars like ALL Arab countries when war is near by !! What about massive devaluation of the currency ?? 10 years ago it took 7 pounds to buy a US $ today it is about 49 ! Finally where does their money come from for this project that is said to be bankrupting the country. Answer, from the canal that is now at 50% capacity due to the war and Massive loans from the IMF which does not want the place to go broke. How much will they continue to loan before the entire country slips into the Red Sea ??

[@shauncameron8390]

Also Chinese loans.

[@thediab2732]

"What about massive devaluation of the currency ?? 10 years ago it took 7 pounds to buy a US $ today it is about 49 !" that's literally the whole point, if you bought the place for 50k usd back then, over 10 you'd be required to pay less than half that amount, because it was 350k egyptian pounds, but 10 years later your installment is still for the 350k pounds, but now that only costs you 7k usd, however the unit price is still 50k usd or more, it went up in the market and can be sold for 2.5~3 million.

[@robertosalazar5018]

The Egyptian economy is not sustainable it is totally reliant on loans and grants from the western countries and from the oil rich Arabian gulf countries, Egypt has no resources to support their massive population growth, unlike iran,Turkey, brazil or Ethiopia Egypt is just a desert 🌵 country! They have very little precipitation and they rely on the nile as their main source of sweet water and not the Ethiopians have completed 95% of the renaissance dam project which will block the needed water from flowing in to the blue nile which will have a devastating effect on Egypt’s agriculture, the revenues from tourism is dwarfed by dubai’s tourism revenues for instance, the latest investments in tourism had no positives impact on tourism revenues at all.

[@In-Gall_Tegidda_n_Tesemt]

The only way Egypt could get themselves out of such a debacle economically, because of the UAE being the primary competitor with Egypt for economic supremacy over the Middle East, would be by conquest... The UAE is a very young nation, with a fairly new military, while Egypt's military is the strongest in all of Africa... which means an Egyptian Empire! If they are truly to extricate themselves from financial collapse in the future, they need the resources as you mentioned such as oil. If the Egyptians got their hands on the Emirates and other parts of the Middle East they would dominant the region. Eventually they will have to invade or ally with Sudan to take Ethiopia on for supremacy over northeast Africa.

[@engmsh3544]

Ethiopia wants electricity from the dam, not water. They did have the fifth filling of the dam with little to no impacts on Egypt. Egypt can be much more than agriculture country.. With cheap labor and great location.. Great tourism destinations and cheap energy..

[@365_advice]

شكرا لكم . تحيا مصر ✌️🇵🇸❤️🇪🇬

[@EG-gw7zp]

We do not want foreigners to buy real estate in our country lol You initially tell us that this is a city to reduce the population. How will the population density decrease when foreigners live in the new capital? This video is disastrous and very funny

[@FirE-xb4sz]

No hope

[@charleschaimkohl]

Is it safe for jews to live there?

[@Medjayon]

No

[@عبدالرحمنعلام-ر6ك]

Yes,just in case you aren't Zionest

[@عبدالرحمنعلام-ر6ك]

Yes,just in case you aren't Zionest

[@عبدالرحمنعلام-ر6ك]

Yes,just in case you aren't Zionest

[@mikhaelaa]

Many problems with these analyses, frankly. But I understand your m.o. No surprises here. And seriously?! "Value for money I would definitely do it?" (said the Egyptian realtor). Sales pitch much? Somebody teach this guy some 101. And terms you use like "capital gains play" is abhorrent. This country has been teetering on instability after instability, with millions and millions below poverty line. Have some heart and get out of your $ bubble. And what you didn't talk about in your 'analysis' - among many other issues - is what happens when a developer doesn't follow through on their promises (i.e. flats, zoning areas etc aren't exactly how they were presented)? "Investors" can't do shit all.

[@TheWanderingInvestor]

@@mikhaelaa people are up 50% over the past 3 years in USD in the new administrative capital. And nobody said it’s low risk.

[@mikhaelaa]

@@TheWanderingInvestor Huh?

[@valiant1278]

Iconic towerr ? 😂😂😂😂😂

[@TranceEk-f4u]

🇵🇸❤️❤️❤️❤️❤️❤️❤️

[@-------------------DD]

Great info thanks

[@salimegypt6277]

If you want to lose your money and waste your time invest in Egypt