properties for sale or rent in Mohandessin , Egypt

properties for sale or rent in Mohandessin

Mohandessin, translating to "The Engineers" in Arabic, stands as one of the most prominent and sought-after real estate hubs in Greater Cairo. Strategically located in the heart of Giza Governorate, this district boasts a unique blend of modern infrastructure, diverse property offerings, and a vibrant community atmosphere. Its proximity to key areas and well-established transportation networks further enhance its appeal to both residents and investors.

Geographical Significance of Mohandessin

Positioned centrally within Giza, Mohandessin is bordered by several notable districts:

• North: Imbaba
• South: Dokki
• East: The Nile River
• West: Agouza

This advantageous location ensures seamless access to various parts of Cairo. The district's connectivity is further bolstered by major thoroughfares such as the 6th of October Bridge, linking it to areas like Nasr City, Heliopolis, and Downtown Cairo. Additionally, the 26th of July Corridor facilitates easy travel to Sheikh Zayed City and 6th of October City.

Historical Context

Originally, Mohandessin was predominantly agricultural land, owned by the state and royal entities under waqf (endowment). In the 1940s, the government initiated a transformation plan, leading to the establishment of Madinat al-Awqaf in 1948.

Following the 1952 revolution, the area underwent rapid urbanization. Land plots were allocated to various professional syndicates, including engineers, which led to the district's name, "Mohandessin."

Diverse Real Estate Portfolio

Mohandessin offers a wide array of property types to cater to various preferences and needs.

Residential Properties

• Apartments: Ranging from 80 sqm to 300 sqm, suitable for small families and larger households.
• Furnished & Unfurnished Options: Available for different budgets and preferences.
• Luxury Units: Featuring high-end finishes and premium locations.

Villas

• Though less common, certain areas offer spacious villas, ideal for privacy-seekers.

Commercial Spaces

• Office Spaces: Available in prime locations like Gameat el Duwal el Arabya Street.
• Retail Shops: High demand for restaurants, cafes, and boutiques on streets like Shehab Street.

Investment Appeal

Several factors contribute to Mohandessin’s attractiveness as a real estate investment destination.

• Vibrant Community: A thriving commercial hub, attracting businesses and professionals.
• Property Variety: Residential, commercial, and mixed-use properties.
• High Returns: Consistent demand ensures strong rental yields and capital appreciation.
• Robust Infrastructure: Modern roads, utilities, and public services.
• Comprehensive Amenities: Schools, hospitals, shopping centers, and recreational clubs.

Current Market Dynamics

The real estate market in Mohandessin is dynamic, with property prices varying based on location, type, and condition.

Residential Prices

• Apartments: Start at EGP 1.5 million for mid-range units, reaching up to EGP 10 million for luxury properties.

Commercial Prices

• Office Spaces: EGP 10,000 – 20,000 per sqm.
• Retail Shops: Starting from EGP 30,000 per sqm in prime locations.

Rental Market

• Apartments: Rents range from EGP 5,000 – 50,000 per month.
• Retail Spaces: Starting at EGP 10,000 per month.

Notable Sub-Districts and Landmarks

• Gameat el Duwal el Arabya Street – A bustling commercial hub with restaurants, cafes, and retail stores.
• Shehab Street – Popular for commercial and entertainment venues.
• Zamalek Sporting Club Area – Proximity to exclusive sporting clubs adds value to nearby properties.

Lifestyle & Amenities in Mohandessin

• Shopping & Dining – A variety of shopping malls, boutiques, and fine-dining restaurants.
• Healthcare – More than 20 hospitals, including the well-known Al Salam Hospital.
• Education – A range of schools and universities cater to families.
• Sports & Recreation – Clubs like Tersana & The Shooting Club provide leisure and fitness facilities.