Your intuition is right in that Zamalek is a great place for properties that retain value, and that New Cairo and. the "compounds" in general are fairly overvalued. There is just too much supply in the luxury compound market. That being said, if you actually want to live in Egypt, and would prefer a more "western" lifestyle, there are. places in New Cairo and Sheikh Zayed City where compounds or even standalone properties are good at retaining value. I also appreciate how, unlike many other westerners, you go to the ground and actually see things for yourself as opposed to parroting reports made by westerners about how "bad" Egypt is. It is not without its problems, but honestly people just harp on about overblown shit they hear from other people without actually checking how things are in reality. Egypt has great investment opportunities that a lot of investors avoid going into because of their aversion to bureaucracy and corruption, which is understandable honestly. But if you can overcome that and work around it, you stand to make a very good return on your investment .
@nomadcapitalist3 ай бұрын
Thank you for sharing your thoughts.
@grizzlygrizzle3 ай бұрын
But what are the HOA fees? And are they frequently headed by Karens?
@ISeeFurther3 ай бұрын
@@grizzlygrizzle I pay $250 annually (around ~$21 monthly) for my 190m2 apartment, this even covers the water consumption! The apartment itself is valued at $140-150k for reference. I imagine some properties in Zamalek that are valued at 2-3x mine might have HOA fees a little more than that, but probably not 2-3x the HOA fees. Compounds and gated communities tend to also have more HOA costs due to amenities stretching beyond the building and covering the whole “neighborhood”. Also since interest rates are almost always in the double digits here in Egypt, some HOA ask for a “Fixed Deposit” where each unit owner pays a lump sum towards the HOA and they use the interest from the deposit to pay for all expenses. This usually works well, but I imagine recently with the rapid inflation, they might have either introduced a monthly/annual fee again or asked for the deposit to be increased. Karens aren’t usually a thing, HOA for apartment buildings are typically managed by a couple individuals who live there (usually men in my experience) or outsourced to a company (the latter more common with luxury Nile-front apartments towers), and gated communities/compounds are managed by the property developers themselves usually. Quibbling within and about the HOA isn’t uncommon, but I wouldn’t say it’s a serious problem unless you let it be.
@grizzlygrizzle3 ай бұрын
@@ISeeFurther -- Actually, I was asking rhetorically, but your detailed response provided interesting perspective on aspects of living abroad that is generally neglected, and important.
@rubentishkoff69713 ай бұрын
Travel, visit other countries, get out of the tourists trails and you'll discover that most countries are much safer and nicer that what medias tells you!! I've lived in China, it is one of the best place on earth. Most Asian places are fantastic with nice and welcoming people. Friends of mine rave about Iran... they tell me they were welcomed like nowhere else, which I can understand as there's not many tourists... The only place where I don't feel safe are: Paris 😱 where I come from! And NYC 🤮 where I lived too long...
@YogaBlissDance3 ай бұрын
While I'm not your typical client-- I enjoy the channel and especially that you broke out of the mold and are doing these on the ground videos.
@nomadcapitalist3 ай бұрын
Thank you!
@ConcealedCourier3 ай бұрын
"When was this built?" "Two hundred and seven" "... AD or BC?"
@nomadcapitalist3 ай бұрын
Hehe.
@islesanctum8333 ай бұрын
BA HA HA HA
@momo_san19803 ай бұрын
Hats off to Andrew for wearing a full suit in the Egyptian heat! Great video! Love the emerging market property viewings
@sprezzatura87553 ай бұрын
I lived in Zamalek years ago. Absolutely loved it and the Egyptian people. Weekends in Sharm El. shek wonderful. I want Egypt to progress but it can't seem to get out of its own way. But there are definitely signs of Hope and I would consider an apartment there for my portfolio.
@libbybouvier61583 ай бұрын
Thank you for feeding the mother cat and her kitten. You are very kind😊
@myronbourne69373 ай бұрын
Please do more real estate videos like this! 👍🏽
@nomadcapitalist3 ай бұрын
Thank you for sharing! Stay tuned!
@JasonRuppVlog3 ай бұрын
I love this video showing us the real info right on the ground. 👍 I have been following your channel for years, since the beginning. 👍
@searlearnold28673 ай бұрын
Wow, that lady is moving to Canada while we're already out and there's a flash flood of talent leaving right behind us.
@user-xg6yc8ho3w3 ай бұрын
Some people are still living in the past.
@InstantLuc3 ай бұрын
Left in 2018. Glad to be out.
@RedRider16003 ай бұрын
@@InstantLuc Glad to be out of where? Left the US? Or left Egypt? Are you American?
@HubertGeorge3 ай бұрын
Canada is cucked.
@paolomartinelli3453 ай бұрын
@@RedRider1600 out of Canada, socialist hell hole
@vnevala3 ай бұрын
I lived in Cairo for a few years in the 90s. It's a love-it-or-hate-it-place. Lots of people hate it, I personally loved it. Zamelek and Maadi are upscale neighborhoods. Zamalek is older, Maadi is newer. The water system in Cairo was built when Egypt was a British protectorate so is very good (unlike in other 3rd world countries). Trash collection is spotty. There are more embassies in Cairo than anywhere else in the world except Washington DC because poor African countries can't afford to send ambassadors all over the place. Their priorities are DC and Cairo where they can interact with the other African nations. This means there are lots of foreigners and numerous American, English, French, German, Italian, Chinese, Russian and Japanese schools. Also good private hospitals. I would remind however that the air quality in Cairo and the surrounding area is terrible with lots of health risks. Also re "glass of wine" on the balcony, remember Egypt is a Muslim country. Wine is available to foreigners but only at special stores when you show your foreign passport. It's also frowned on to drink alcohol openly in front of others. Egypt is very security conscious due to extremism with a lot of guards at buildings. Restrictions on filming are not a surprise. My main concern with Egypt at the moment is geopolitical. Despite appearances, the economy of Egypt is near collapse and Sisi is technically a dictator like Mubarek. There could easily be unrest again soon. If the government falls, the legal regime will also, then how reliable will your property deed be?
@ilovetravelyeah3 ай бұрын
Wow what a cool video. Thank you for going on location for us!
@nomadcapitalist3 ай бұрын
Glad you enjoyed it!
@aliaa853 ай бұрын
As Egyptian i would like to tell you that real estates in Egypt are over priced and everyone is expecting this bubble to burst any time soon Maadi is not a good choice anymore even for Egyptians stick to Zamalek and Garden City and Agoza in Giza or focus on the new areas like new Cairo and new Giza Compounds are important for foreigners because of security and safety which old Cairo areas lack these days
@zackbog3 ай бұрын
Overpriced old buildings 300k are more for those is laughable maybe 150k to 200k
@poopingwhilestanding58013 ай бұрын
Absolutely agree -- no way I'd pay 300k for that.
@thatisme3thatisme383 ай бұрын
@@zackbog yeah I was floored why anybody would pay that much for tgis dump in...Egypt
@cultytalk3 ай бұрын
I agree
@devinkelly3993 ай бұрын
So great to watch this process. Gone through the same thing in Portugal. There's golden nuggets, but it takes time and patience
@thomasinatafur44793 ай бұрын
Although I have no future plans to move to this region, this was a great video. I hope you do it for more regions
@Someguy0553 ай бұрын
Love this on site video content! More!
@nomadcapitalist3 ай бұрын
More to come!
@jsmith77013 ай бұрын
Kudos to Nomad Capitalist for going out of the box and providing this information. Egypt never crossed my mind before, but interesting to consider. Thanks!
@nomadcapitalist3 ай бұрын
Glad it was helpful!
@jsmith77013 ай бұрын
@@nomadcapitalist Great video format BTW. Very authentic. The good with the bad with the ugly. You guys are an inspiration for what can be, and how to do it.
@nomadcapitalist3 ай бұрын
Thank you!
@morocconevlin3 ай бұрын
Great content Andrew! Been following for a few years, and imo this is one of your more valuable vids b/c of the boots on the ground "put a face to the name" style. Would love to see South Africa!
@nomadcapitalist3 ай бұрын
Thank you.
@F_A5913 ай бұрын
Spent 3 months in Cairo. It's so dirty and disorganized, traffic is madness, but yeah it's pretty affordable
@jewellui3 ай бұрын
I don’t think it’s good value, things are overpriced and low quality. I found Turkey way better.
@semangka42 ай бұрын
Why turkiye ? @@jewellui
@sonder6434Ай бұрын
Sounds like Denver, CO...
@azdbuk3 ай бұрын
This was enlightening. Good video.
@nomadcapitalist3 ай бұрын
Glad you enjoyed it!
@mjad2183 ай бұрын
Egyptian here, I have been following you for a while. I think you should have checked Madinaty and Rehab in new Cairo and El Sheikh Zayed City in Giza. I live in Madinaty myself and I see a lot of foreigners. Zamalek is good. Actors and wealthy ppl used to live in Zamalek but the trend is many move to new areas like New Cairo or Sheikh Zayed. A note, A lot of foreigners actually live in El Gouna which is a coastal city in the red sea. El Gouna is luxurious and a lot of wealthy people live there at least during the summer. You may check also the North coast. I believe Cairo itself is not that good for foreigners to live in. A lot of middle class Egyptian prefer to live in New Cairo or Sheikh Zayed
@Hellodumbbitchs3 ай бұрын
why would any foreigner want to live in new cairo or zayed ?
@dudeleboski26923 ай бұрын
8:08 Can you dress like this American sounding woman and get away with it without being hassled in Egypt?
@evelynbarry50463 ай бұрын
@mjad218 I live in Maadi because when I moved to Cairo from Sinai so many people told me to mo e there because a lot of foreigners ate there. Now it's expensive for crappy old buildings. I would never buy in any place except the new areas. Also I would never like in Sheikh Zayed, too far and I'm not crazy about Giza
@evelynbarry50463 ай бұрын
@@mjad218 good points!
@Hellodumbbitchs3 ай бұрын
@@dudeleboski2692 in new cairo yes. it is the upper middle class area. downtown cairo no. also it is totally fine on coastal cities
@Monkeyslunch83 ай бұрын
Great video! Thanks for the walkthrough and detailed explanations. Super helpful!
@ngairej3 ай бұрын
Egypt is safe. I have lived here for a few years, but as in every country, there are areas you need to avoid. There is a strong police security presence here and unlike in some other countries they are here to protect citizens!
@nomadcapitalist3 ай бұрын
The number of countries where the government actual does something for the citizens would shock many westerners.
@hhealey13 ай бұрын
Excellent video. I appreciate seeing the misses as well as the hits. Great job showing the reality of the struggle!
@jejudo30003 ай бұрын
I suppose Egypt counts as an Africa country, but I still want to see some more countries in Africa like Kenya, Tanzania, Uganda, Ghana, Nigeria to name a few…
@nomadcapitalist3 ай бұрын
Thank you for the feedback.
@stevestevens5023 ай бұрын
@@jejudo3000 andrew is not going to any of those countries lol
@melbourneplanespotter36313 ай бұрын
Yeah, he can visit places like Namibia and Mauritius where they offer residence-by-investment options.
@bodyloverz303 ай бұрын
@@nomadcapitalist What about Morocco?
@mep5933 ай бұрын
Second Morocco. You can’t get citizenship in Uganda easily.
@sandzakJEbosna3 ай бұрын
I love your videoes. And especially the small detail like conversions, map overviews and you calling Turkiye by its real (new) name. High quality. Keep up the good work.
@nomadcapitalist3 ай бұрын
Thank you!
@AsusMemopad-us5lk3 ай бұрын
Wow, someone knows how it’s supposed to be pronounced?? Amazing 🎉
@thatisme3thatisme383 ай бұрын
Why does it make any difference? turkey or turkiy. Maybe focus on other things that matter actually
@TNnxnek3 ай бұрын
@@nomadcapitalist Great video, but please consider investing in a gimbal -- I'm loving the car shots, but for >$300, they would instantly be 2x better :))
@needforcarbs3 ай бұрын
He's Turkish so he better know the country's name
@IceBreaker13 ай бұрын
Andrew, you are changing the WORLD, but for the better. Well done, Sir:) Peace soon.
@Roobah3 ай бұрын
I stayed in a rented apartment in Maadi, it is a nice neighborhood. If you buy in Egypt, you have to consider the concrete construction for earthquake stability.
@danman20703 ай бұрын
You have a very unique service.. Thanks for your efforts. This is amazing!!!!
@giovanni09083 ай бұрын
So interesting! Please do more videos like this!
@nomadcapitalist3 ай бұрын
Stay tuned!
@lawandeconomics13 ай бұрын
Good if you are driven. Very good advice if you know how to ‘decode’ a lot…. Much more so than usual. It was an atypical mix of tourist, ‘hide the bad’ and fun if super flex and laid back. Its almost like Istanbul….in that you need a heart-connection with the place to try and describe this heart connection. A fun and beautiful go at making something very personal, the feelings, memories… and still shareable with the public. Almost like Hawaiian wedding videos. So relatable to your viewer- and so “publicly private”. The fun you had was infectious… a difficult thing to in such a hard hard place to life. Thank you!
@RicherThanIeverbeen3 ай бұрын
This is an excellent video. I like the format, you can do this elsewhere and keep the content coming.
@adamselectricuniverse3 ай бұрын
What an adventure! Almost expected Harrison Ford & John Rhys-Davies to happen by. I don't think I would ever live in Egypt, but very interesting property tour, nonetheless! Thanks.
@nomadcapitalist3 ай бұрын
Hehe, thank you!
@ithinkaboutmoney3653 ай бұрын
This is a great video and the timing couldn’t have been better for me as I’m just in the process of acquiring my first client in Egypt! Thank you for the detail and explanation especially regarding pricing, size etc.
@nomadcapitalist3 ай бұрын
Best of luck!
@Sovereignmanforever3 ай бұрын
I liked that video Andrew, simply because of the obvious boots on the ground footage. I've never made a comment before. In my experience I've had to go live for a few months in a country to get a feeling for the environment simply because of the bs from so called professionals. Anything to make a buck. But this is very time consuming so I really appreciate what you have just crammed into a 20 minute video.
@nomadcapitalist3 ай бұрын
Thank you for commenting on what we usually do behind the scenes.
@De_Séchelles3 ай бұрын
Amazing. Thanks for the information sir ❤
@lisabeaumont3 ай бұрын
I enjoyed the musical sound track on this. :)
@annettajensen67513 ай бұрын
People need to remember that you may not have the view, say of the Nile, if they begin to put high rises closer to the Nile. There was one in front of the 2nd property and I imagine soon enough there will be more. Just a consideration if planning to buy.
@oohjesus23 ай бұрын
For people from California, I think we would choose baja California but yes it does get very hot like 110 during May to late Sept. But it is cheaper in baja california
@Joshua-hz8pm3 ай бұрын
I lived 22 years in Egypt and currently have a business in US, Here is the deal: 1) Egypt is safer than before (That is because SISI cracked down on terror*ism and brotherhood) - But after he leaves? no one knows. 2) Healthcare is bad if you use government facilities but if you use private hospitals (For money) it is better. 3) New Cairo living is much better because driving in old Cairo is insane. 4) You can make good friends easily in Egypt but also be aware that there is poverty and bad people / scammers in many areas.
@nomadcapitalist3 ай бұрын
Thank you for sharing your insights!
@HughJass-3133 ай бұрын
Joshua, Is there a *WATER SCARCITY* problem in Cairo/North Egypt area?
@Joshua-hz8pm3 ай бұрын
@@HughJass-313 Egypt depends on one source (The Nile) for 97% of its needs and that can cause water scarcity in Cairo. The problem is not wide spread right now but it could become in future if the Government doesn't find alternative solutions.
@HughJass-3133 ай бұрын
@@Joshua-hz8pm Hmmmmm.... I see. I heard that the *Ethiopia DAM* has impacted Egypt's water availability. Just wasn't sure to what degree ☀️☀️
@Joshua-hz8pm3 ай бұрын
@@HughJass-313 Ethiopia DAM is a definite threat to Egypt , no one knows to what extent yet as the Dam is relatively new. Future and Policies will tell.
@scottyflintstone3 ай бұрын
I like this exploratory style
@rebeccaedgett3 ай бұрын
I always see so many comments elsewhere that Egypt is not safe especially for women. That there is a lot of harrassment. Did you see anything like this when you were there? Also.... make more videos in the "Live Like A King" series! Those are my favorites!
@Daryl5243 ай бұрын
I heard the same thing from women that visited there.
@87solarsky3 ай бұрын
Is it an islamic country under Sharia law?
@Curious8593 ай бұрын
Why would you ask a man this question? How would he know? He doesn’t care to pay any attention to how women are harassed on the streets! And women are harassed everywhere! And I mean everywhere!!!! Why? Because there are men everywhere and it’s patriarchy. Helloooooooo
@hanygamal35803 ай бұрын
Yes that's true. it's a nightmare to be a woman in Egypt. It's a dark nightmare to be an lgbtq in Egypt.
@87solarsky3 ай бұрын
@@sarahbritt1234 Is this related to islamic gender roles?
@jorgemoll59943 ай бұрын
Great video. Thanks a lot!!!
@nomadic-mind3 ай бұрын
Glad to see more content like this. I loved the Montenegro one from years ago.
@glendawilliams51023 ай бұрын
Love the location videos!
@nomadcapitalist3 ай бұрын
Glad you like them!
@longlostkryptonian57973 ай бұрын
Thanks for doing the research for us.
@LittleFrenchyinBigTexas3 ай бұрын
Interesting. Brought back lots of memories. I traveled to Cairo a lot in the early 2000. As a Western woman, I would not recommend. I never felt free there. Heavy policed country.
@bodyloverz303 ай бұрын
Those were the good time, "Golden Era," before "Arab Spring Revolution & Counterrevolution."
@T4IN3 ай бұрын
@@bodyloverz30Egypt is actually bigger now though
@tommyt17853 ай бұрын
I fuckin love that cream suit.
@dakota-rt8kd3 ай бұрын
Once upon a different time life, I've walked as an Egyptian and I have such love and admiration for their Culture and Amazing History. Thank you for your sharing, very helpful information 🎉😮🎉
@nomadcapitalist3 ай бұрын
You're welcome!
@evelynbarry50463 ай бұрын
would never pay 18 million for that place on Zamelek. Why would you 18 million can get you a very nice villa in new Cairo
@PsychicZya3 ай бұрын
I love this location on video! Please do more of these
@nomadcapitalist3 ай бұрын
Stay tuned!
@asgharmuhammad21613 ай бұрын
Nice video and good information about Cairo very interesting ❤
@JK-hf2cx3 ай бұрын
Thanks, Andrew. Interesting. Any chance that you could cover Morocco, please?
@nomadcapitalist3 ай бұрын
Interesting idea.
@jalami3 ай бұрын
Second that… I wanna know more about Morocco !
@maghlibi3 ай бұрын
Can you please do Morocco, It is huge emerging market with growing economy and GDP, great location and great aproximity to Europe, safe relative to north african nation
@xa35583 ай бұрын
Thank you !
@williamfrost99103 ай бұрын
I wouldn't spend 300k, but if I could have a second citizenship, Egypt would be great! Nice vid! I saw good deals in the areas around New Cairo online, but my research led me to believe that residency was required to buy property in Egypt. Really glad to see this!
@nomadcapitalist3 ай бұрын
Thank you for sharing!
@hungo77203 ай бұрын
Egypt has long been mired in corruption and mismanagement which hinders its economic growth. This move only makes sense for wealthy investors.
@nomadcapitalist3 ай бұрын
Our clients are all wealthy.
@ISeeFurther3 ай бұрын
@@hungo7720 indeed, but the other videos make it very clear that Egypt is not a plan A or B for anyone, but it does make sense if you have some extra money and looking to expand both your real estate and citizenship portfolios into something not correlated to what you already own and have
@rg70253 ай бұрын
Big flex💪🏾😂
@thatisme3thatisme383 ай бұрын
@@hungo7720 it's not corruption. We have it here. It's just they are not a sovereign country but vassals
@thatisme3thatisme383 ай бұрын
@@hungo7720 wealthy people with limited options...
@hakeemsaed11893 ай бұрын
Good effort . thanks
@nomadcapitalist3 ай бұрын
You're most welcome.
@Fiola_M3 ай бұрын
They have villas in 6 October..how much do they sell for? Also what about buying in dahab, hurghada or sokhna, sharm el.sheikh...the resort cities are newer..no beaches in cairo!
@mrkilroy91673 ай бұрын
Please do more videos like this!
@nomadcapitalist3 ай бұрын
Stay tuned!
@krustyaxelrod3 ай бұрын
Hi Andrew. Could you please make a video of Andorra new regulations ? It's interesting the high real estate prices...next "Monaco"?
@abm6723 ай бұрын
What are the new regulations?
@krustyaxelrod3 ай бұрын
@@abm672 If you want to pay taxes there now it cost more + more requirements
@OneEyedLion3 ай бұрын
My hat's off to you for being patient and looking for a good deal. The property at 13:43 reminds of Beirut in 2005.
@nomadcapitalist3 ай бұрын
Thank you!
@xavierboom96893 ай бұрын
First to watch in its entirety before commenting.
@nomadcapitalist3 ай бұрын
Glad to have you.
@Chadswonderfulwalkingtours3 ай бұрын
Listening from Mackinac Island Michigan
@nomadcapitalist3 ай бұрын
Welcome!
@PreampCnnsr3 ай бұрын
Got fudge? 😂
@Chadswonderfulwalkingtours3 ай бұрын
@@PreampCnnsr Chocolate Peanut Butter is my favorite from Joanne's
@abdulsharif65413 ай бұрын
Great Broadcast
@andrewcarlson21783 ай бұрын
I love watching the process, you're doing a heck of a job selling your product as well Andrew. Personally, if I'm buying in Egypt, I'm going with more traditional architecture that says "Egypt".
@nomadcapitalist3 ай бұрын
Thank you.
@LUCKHEF2 ай бұрын
Great content
@orionvassi3 ай бұрын
Cairo looks wild, like everyday would be an adventure just to get water. Flooding would be my concern if I lived in Zamalek.
@gdan85992 ай бұрын
Always way ahead you and Alex Jines💯✅🌏🌎
@diose00783 ай бұрын
Interesting video ❤
@ahmedelnaggar83373 ай бұрын
You can also bring your buyers’ attention to the north coast.. where it’s the best investment!!
@keepdreaming2273 ай бұрын
Great long history of Egypt. Too bad the government is scary.
@IceBreaker13 ай бұрын
Loved it, best one yet. I would rename the video, "Andrew gets his hands "dusty" for you:) Peace now.
@midnightsky29333 ай бұрын
Your videos are very informative but how about a tour of some nice country estates with a moat and maybe some alligators (to keep people out) for people who aren't into cities and apartments 😊
@nomadcapitalist3 ай бұрын
Alligators coming up!
@Abdulbaset-ug2xg3 ай бұрын
You are the best 👌
@wesleyfrank34953 ай бұрын
I will be wealthy enough to live the Nomad Capitalist lifestyle one day❤
@Hero-yl8fu3 ай бұрын
Please do more real estate videos. Can you go to South Africa Pretoria
@theirishcontrarian46263 ай бұрын
Off topic, but the lady is beautiful.
@Mango-ew5du3 ай бұрын
Love your video's! 🎉 I know you won't get citizenship but what do you think of the west coast of Cape Town in South Africa? The realestate is very very cheap and there is huge capital growth! 😉
@nomadcapitalist3 ай бұрын
Cape Town is a nice city to visit.
@billiondollardan3 ай бұрын
The building in Al Maadi looks like a setting in a post-apocalyptic video game
@johntheaccountant55943 ай бұрын
You have to be more streetwise to go to these Emerging Countries and get the information and bargains.
@mattanderson66723 ай бұрын
Thank you Andrew
@nomadcapitalist3 ай бұрын
Thank you!
@Jakub.K03 ай бұрын
Appreciate the content. As always a fun watch. Each to their own but for 300k+ you could pick so many better options to invest in a second/holiday home.
@1771quantum3 ай бұрын
Plan Z if you ask me!!
@Mohamed-bc3on3 ай бұрын
Say that to the influx of capital, investments, factories, brands relocating, foreign property buying, comprehensive strategic partnerships.
@1771quantum3 ай бұрын
@@Mohamed-bc3on I own property in Cairo as well as a business. I think one should see the data for what it is and not follow instagram propagandists. Influx of capital in form of land sale such as Ras el Hikma, as well as heavy lending from World Bank to stabilize the EGY. That means nothing except a bit of GDP bump that will falter. Ho about capital lending? Strategic partnerships? Could you point to a couple? Property ownership for what really? The Egyptian passport? what's the advantage?
@discokillers86743 ай бұрын
For real. Just look out the windows where he is filming look at the smog out there it's not a reflection on the camera it's how bad the pollution is😂
@Mohamed-bc3on3 ай бұрын
@1771quantum you own property AND a business in a plan Z destination? That's a very incompetent business decision from your end, don't you think? I don't listen to propagandists. I own property and a business, too. I spend half my time in Egypt. Things are only going up. I wasn't referring to Ras El Hekma cash injection as a cultural influx example, but Egypt constitutes the largest FDI recipient in Africa, although the number could be higher, but I'm sure it will significantly grow in the future, if it wasn't for the current geopolitical landscape. Borrowings from the World Bank, if utilized correctly, actually do turn up to be beneficial for the overall economy. U can read up on that in your free time. Strategic partnerships such as the one signed between the EU and Egypt literally weeks ago? The one signed with Turkey earlier this year, the one signed with japan and india last year, the one about to be signed with Brazil later this year. Shall I go on? You these those countries don't have a clue what they're doing? They see the upside, next year, and years from now. So you can look at the half empty side of the cup and stay pessimistic. You really shot yourself in the foot to have invested capital in a plan Z destination. Go put your money in Turkey. Oh wait, they TOO are relocating factories, among a long list of countries I wonder why. They all must be dumb to invest their capital in a faltering, plan Z option. I've dealt with the likes of you before, who show nothing but disdain and hatred, and it shows passionately in ur comment. Pull ur money out and gtfo, or catch up on ur readings. Cheers.
@Mohamed-bc3on3 ай бұрын
@@1771quantum you own property AND a business in a plan Z destination? That's a very incompetent business decision from your end, don't you think? I don't listen to propagandists. I own property and a business, too. I spend half my time in Egypt. Things are only going up. I wasn't referring to Ras El Hekma cash injection as a cultural influx example, but Egypt constitutes the largest FDI recipient in Africa, although the number could be higher, but I'm sure it will significantly grow in the future, if it wasn't for the current geopolitical landscape. Borrowings from the World Bank, if utilized correctly, actually do turn up to be beneficial for the overall economy. U can read up on that in your free time. Strategic partnerships such as the one signed between the EU and Egypt literally weeks ago? The one signed with Turkey earlier this year, the one signed with japan and india last year, the one about to be signed with Brazil later this year. Shall I go on? You these those countries don't have a clue what they're doing? They see the upside, next year, and years from now. So you can look at the half empty side of the cup and stay pessimistic. You really shot yourself in the foot to have invested capital in a plan Z destination. Go put your money in Turkey. Oh wait, they TOO are relocating factories, among a long list of countries I wonder why. They all must be dumb to invest their capital in a faltering, plan Z option. property ownership from foreign buyers have increased in Egypt over the years, a good source of foreign currency and a testament to the overall confidence in the economy. Because no one would put money in a “faltering economy”, not individuals, not businesses, not governments. Lastly, I've dealt with the likes of you before, who show nothing but disdain and hatred, and it shows passionately in ur comment. Pull ur money out and gtfo, or catch up on ur readings. Cheers.
@zeusconquers3 ай бұрын
How did you get passed security at airport with your camera equipment?
@nomadcapitalist3 ай бұрын
We hired a local crew.
@anasaldaawi55233 ай бұрын
Welcome to egypt Andrew. A lot of opportunities are here not yet discovered.
@nomadcapitalist3 ай бұрын
Thank you.
@TravelTechie4153 ай бұрын
The food is great there, but I would rather pick Latin America, closer, better weather
@jarnMod3 ай бұрын
I can confirm that exploring real estate as a foreigner does feel terrible at times, no matter what country you're going to, especially when you don't speak the language. This is not Egyptian thing. Try finding a condo in Japan and see how fun that is. Slap in some opportunity cost and that's just super... And that's practically the safest city with human in it. Pretty sure Andrew might tell about the actual price later. Remind me of that time in Cambodia. Wow that discount was wild.
@TimHPop7763 ай бұрын
Thank you.
@nomadcapitalist3 ай бұрын
You're welcome!
@ConstitutionCurt3 ай бұрын
I was in Egypt in November. New Cairo was amazingly new.
@DerrickJLive3 ай бұрын
"Filming here is difficult." Bad sign.
@erwin_8883 ай бұрын
going to Cairo this fall.. looking forward to check out Zamalek... Does the Nile smells there? Guess i will find out..
@nomadcapitalist3 ай бұрын
Good luck!
@Healers_Find3 ай бұрын
I would want quick access to archeological sites, ancient libraries, and recreation. Is that Zamalek?
@metwalymagdy2643 ай бұрын
I would choose Maadi over Zamalek for this but also Zamalik works. Maadi is next to old Cairo, with heaps of Christian and Islamic sites. On the ither side of the nile, you can visit Saqqara, where lots of smaller pyramids were built including the stair-case shaped "Djoser pyramid". Within Maadi, there's Wadi Degla, a protectorate and an archaeological site with a hiking trail. Giza pyramids, Cairo museum and downtown cairo are 20-30 mins away. Also Fayoum is 1-1.5 hours away where you can find "valley of the whales", a prehistoric archaeological site with hundreds of ancient whale fossils.
@max308883 ай бұрын
Egypt is heaven for foreigners I am an American from Egyptian roots and ne and my wife goes to Egypt almost 3 times a year We stay out until 3 and 4 a.m with zero incident of anything bad The food is amazing yet cheap , accomodations are excellent in cairo ,hurghada,sharm el shikh Plenty of activities from magical beaches with stunning coral reefs to historical places from the pyramids to temples .. Egyptian are very hospitable and kind a bit nosy but fine 😅
@nayanmipun6784Ай бұрын
Which combination of several citizenships are good
@freesimba51683 ай бұрын
Thanks for the video. I like the way you think. For some reason I did not like the vibe of the city.
@nomadcapitalist3 ай бұрын
Fair enough! Thank you.
@noonecaresaboutgoogle32192 ай бұрын
Below a certain level of economic development, things can actually get more expensive and worse. I think this property tour is an example of that.
@olivernjoku31103 ай бұрын
What about Hurghada?
@warrenbuffett01013 ай бұрын
Too expensive. I still remember like 10 years ago, near maiaadi, 15k usd for an apartment with 2 bedrooms.
@sk8ingthemystery3 ай бұрын
That man bought the cat a whole plate of chicken 😂😂