Egypt is a popular destination for expats due to its rich cultural history and affordable cost of living. The rental prices in popular expat areas in Egypt vary depending on factors such as location, size, and type of property.
In Cairo, the capital city, the average monthly rent for a one-bedroom apartment in a central location is around 2,000 to 4,000 Egyptian pounds ($127 to $255). In areas such as Maadi, a popular neighborhood for expats, the average monthly rent for a one-bedroom apartment is around 3,000 to 5,000 Egyptian pounds ($191 to $319). In upscale areas such as Zamalek, the average monthly rent for a one-bedroom apartment can be as high as 5,000 to 8,000 Egyptian pounds ($319 to $511).
In Alexandria, another popular city for expats, the average monthly rent for a one-bedroom apartment in a central location is around 1,500 to 3,000 Egyptian pounds ($95 to $191). In areas such as Muharram Bek, the average monthly rent for a one-bedroom apartment is around 2,500 to 4,000 Egyptian pounds ($159 to $255).
It’s important to note that the above prices are just estimates and actual rental prices may vary depending on the location, type, and size of the property.
Rental Caps in Place in Egypt
Egypt does not have a rent control law in place, so there are no restrictions on the amount that landlords can charge for rent. However, there are provisions in the Egyptian Civil Code that regulate the relationship between landlords and tenants, including the right of tenants to a fair rent and the obligation of landlords to provide safe and habitable housing.
Deposit and Return Rules for Renting in Egypt
When renting a property in Egypt, you typically have to pay a security deposit, which is usually equal to one or two months’ rent. The security deposit is held by the landlord as collateral for any damages that may occur during the tenancy.
The rules for the return of the security deposit are set out in the lease agreement, and it is important to read and understand these rules before signing the agreement. In general, the security deposit will be returned to the tenant at the end of the tenancy, if the tenant has fulfilled their obligations under the lease agreement and has not caused any damages to the property.
If damages have occurred, the landlord may use the security deposit to cover the cost of repairing the damages. The landlord is required to provide the tenant with a written estimate of the cost of repairs and must return any unused portion of the security deposit within a reasonable amount of time after the end of the tenancy.
Price and Availability of Rentals in Egypt
The price and availability of rentals in Egypt can vary depending on the time of year. During the peak tourist season, from June to August, rental prices may be higher and availability may be limited. In contrast, during the low season, from September to May, rental prices may be lower and there may be more rental properties available.
The reason for these changes in price and availability is due to the increased demand for rental properties during the peak tourist season and the reduced demand during the low season. However, it’s important to note that the rental market in Egypt is relatively stable, and fluctuations in rental prices and availability are not as pronounced as in other countries.
