The average price per square meter for apartments increased by 23% during the period from July 2019 to July 2020 in Sheikh Zayed City, according to the search engine AqarMap Egypt, which said that the average square meter recorded about 13,150 pounds during the current month of July, while it recorded during the same month of Last year, the value of 12,250 pounds.
He pointed out that the level of demand for buying apartments was 40% despite the increase in prices, while the level of demand for villas was 33%.
He added that the average price per square meter for the villas recorded about 18 thousand pounds, which is the same as the prices for the corresponding month of the current year.
He explained that the twelfth district recorded the highest price in Sheikh Zayed City at 22,800 thousand pounds for the apartments, while the tenth district recorded a value of 17,750 pounds per square meter.
He explained that the first district came in the third place among the most expensive areas in the city with a value of 9,100 pounds, while the fifth district recorded a value of 8900 pounds per square meter in terms of residential apartments.
The city of Sheikh Zayed is one of the cities of the second generation, which was established in 1995, and was named after Sheikh Zayed Al Nahyan, President of the United Arab Emirates at the time, after a grant from the Abu Dhabi Development Bank, to establish a residential and service city at the highest level.
The city is located in the northwest of the governorates of Cairo and Giza, about 30 km from Cairo, and about 35 km from Giza.