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 .
@@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.
@@ISeeFurther -- Actually, I was asking rhetorically, but your detailed response provided interesting perspective on aspects of living abroad that is generally neglected, and important.
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...
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.
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
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…
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!
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?
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
@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
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!
@@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.
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.
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 🎉😮🎉
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.
@@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-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.
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!
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.
@@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 :))
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!
This real estate tour shows really showcase the different areas of Cairo that you can live in and what the cost is. A view of the Nile is breathtaking. Cairo to me felt safe, I wore what I would wear in my home town and the attention was incredible. Everyone was of service and so many people of all ages spoke English.
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.
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.
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!
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
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
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.
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.
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
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.
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!
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".
@@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
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 😊
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!
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! 😉
Egypt and the Egyptians are awesome. Being from an affluent beach suburb in Sydney, parts of Cairo, Alexandria are better. Even countries like Albania with cities like Sarande and Tirana have more modern roads and better nightldife compared to Western cities with much younger demographics.
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.
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.
@@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?
@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.
@@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.
I hope you can respond to this Question I am a avid follower it just came to my attention that the United States has a tax treaty with numerous countries to prevent double taxation if this in true are these treaties effective do they prevent double taxation?
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.
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 .
Thank you for sharing your thoughts.
But what are the HOA fees? And are they frequently headed by Karens?
@@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.
@@ISeeFurther -- Actually, I was asking rhetorically, but your detailed response provided interesting perspective on aspects of living abroad that is generally neglected, and important.
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...
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.
Thank you!
Hats off to Andrew for wearing a full suit in the Egyptian heat! Great video! Love the emerging market property viewings
"When was this built?"
"Two hundred and seven"
"... AD or BC?"
Hehe.
BA HA HA HA
I love this video showing us the real info right on the ground. 👍 I have been following your channel for years, since the beginning. 👍
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.
Thank you for feeding the mother cat and her kitten. You are very kind😊
Please do more real estate videos like this! 👍🏽
Thank you for sharing! Stay tuned!
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
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…
Thank you for the feedback.
@@jejudo3000 andrew is not going to any of those countries lol
Yeah, he can visit places like Namibia and Mauritius where they offer residence-by-investment options.
@@nomadcapitalist What about Morocco?
Second Morocco. You can’t get citizenship in Uganda easily.
Wow, that lady is moving to Canada while we're already out and there's a flash flood of talent leaving right behind us.
Some people are still living in the past.
Left in 2018. Glad to be out.
@@InstantLuc
Glad to be out of where?
Left the US? Or left Egypt?
Are you American?
Canada is cucked.
@@RedRider1600 out of Canada, socialist hell hole
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!
Thank you.
So great to watch this process. Gone through the same thing in Portugal. There's golden nuggets, but it takes time and patience
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?
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
why would any foreigner want to live in new cairo or zayed ?
8:08 Can you dress like this American sounding woman and get away with it without being hassled in Egypt?
@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
@@mjad218 good points!
@@dudeleboski2692 in new cairo yes. it is the upper middle class area. downtown cairo no. also it is totally fine on coastal cities
Overpriced old buildings 300k are more for those is laughable maybe 150k to 200k
Absolutely agree -- no way I'd pay 300k for that.
@@zackbog yeah I was floored why anybody would pay that much for tgis dump in...Egypt
I agree
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!
Glad it was helpful!
@@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.
Thank you!
Although I have no future plans to move to this region, this was a great video. I hope you do it for more regions
Spent 3 months in Cairo. It's so dirty and disorganized, traffic is madness, but yeah it's pretty affordable
I don’t think it’s good value, things are overpriced and low quality. I found Turkey way better.
Why turkiye ? @@jewellui
Sounds like Denver, CO...
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.
Best of luck!
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 🎉😮🎉
You're welcome!
Excellent video. I appreciate seeing the misses as well as the hits. Great job showing the reality of the struggle!
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.
Thank you for sharing your insights!
Joshua,
Is there a *WATER SCARCITY* problem in Cairo/North Egypt area?
@@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.
@@Joshua-hz8pm
Hmmmmm.... I see.
I heard that the *Ethiopia DAM* has impacted Egypt's water availability.
Just wasn't sure to what degree ☀️☀️
@@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.
Wow what a cool video. Thank you for going on location for us!
Glad you enjoyed it!
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!
The number of countries where the government actual does something for the citizens would shock many westerners.
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.
Thank you!
Wow, someone knows how it’s supposed to be pronounced?? Amazing 🎉
Why does it make any difference? turkey or turkiy. Maybe focus on other things that matter actually
@@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 :))
He's Turkish so he better know the country's name
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!
You have a very unique service.. Thanks for your efforts. This is amazing!!!!
Love this on site video content! More!
More to come!
This real estate tour shows really showcase the different areas of Cairo that you can live in and what the cost is. A view of the Nile is breathtaking. Cairo to me felt safe, I wore what I would wear in my home town and the attention was incredible. Everyone was of service and so many people of all ages spoke English.
Andrew, you are changing the WORLD, but for the better. Well done, Sir:) Peace soon.
Great video! Thanks for the walkthrough and detailed explanations. Super helpful!
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.
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.
Thank you for commenting on what we usually do behind the scenes.
This was enlightening. Good video.
Glad you enjoyed it!
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!
I heard the same thing from women that visited there.
Is it an islamic country under Sharia law?
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
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.
@@sarahbritt1234 Is this related to islamic gender roles?
This is an excellent video. I like the format, you can do this elsewhere and keep the content coming.
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
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.
Hehe, thank you!
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.
Glad to see more content like this. I loved the Montenegro one from years ago.
So interesting! Please do more videos like this!
Stay tuned!
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
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.
Those were the good time, "Golden Era," before "Arab Spring Revolution & Counterrevolution."
@@bodyloverz30Egypt is actually bigger now though
Thanks, Andrew. Interesting. Any chance that you could cover Morocco, please?
Interesting idea.
Second that… I wanna know more about Morocco !
I love this location on video! Please do more of these
Stay tuned!
Love the location videos!
Glad you like them!
I enjoyed the musical sound track on this. :)
Great video. Thanks a lot!!!
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!
Thank you for sharing!
You can also bring your buyers’ attention to the north coast.. where it’s the best investment!!
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.
Thank you!
Amazing. Thanks for the information sir ❤
Nice video and good information about Cairo very interesting ❤
I like this exploratory style
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".
Thank you.
Egypt has long been mired in corruption and mismanagement which hinders its economic growth. This move only makes sense for wealthy investors.
Our clients are all wealthy.
@@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
Big flex💪🏾😂
@@hungo7720 it's not corruption. We have it here. It's just they are not a sovereign country but vassals
@@hungo7720 wealthy people with limited options...
Hi Andrew. Could you please make a video of Andorra new regulations ? It's interesting the high real estate prices...next "Monaco"?
What are the new regulations?
@@abm672 If you want to pay taxes there now it cost more + more requirements
Listening from Mackinac Island Michigan
Welcome!
Got fudge? 😂
@@PreampCnnsr
Chocolate Peanut Butter is my favorite from Joanne's
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
Thanks for doing the research for us.
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 😊
Alligators coming up!
Thank you !
Cairo looks wild, like everyday would be an adventure just to get water. Flooding would be my concern if I lived in Zamalek.
Always way ahead you and Alex Jines💯✅🌏🌎
Please do more videos like this!
Stay tuned!
Good effort . thanks
You're most welcome.
I fuckin love that cream suit.
The food is great there, but I would rather pick Latin America, closer, better weather
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!
I will be wealthy enough to live the Nomad Capitalist lifestyle one day❤
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! 😉
Cape Town is a nice city to visit.
First to watch in its entirety before commenting.
Glad to have you.
Loved it, best one yet. I would rename the video, "Andrew gets his hands "dusty" for you:) Peace now.
Egypt and the Egyptians are awesome.
Being from an affluent beach suburb in Sydney, parts of Cairo, Alexandria are better.
Even countries like Albania with cities like Sarande and Tirana have more modern roads and better nightldife compared to Western cities with much younger demographics.
Great Broadcast
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.
Great long history of Egypt. Too bad the government is scary.
Thanks for the video. I like the way you think.
For some reason I did not like the vibe of the city.
Fair enough! Thank you.
Please do more real estate videos. Can you go to South Africa Pretoria
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.
If ur staying in new cairo. See katamya duens, Mivida, Hyde park and Madinaty
Thank you Andrew
Thank you!
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.
Great content
You have to be more streetwise to go to these Emerging Countries and get the information and bargains.
I was in Egypt in November. New Cairo was amazingly new.
Which combination of several citizenships are good
Welcome to egypt Andrew. A lot of opportunities are here not yet discovered.
Thank you.
Off topic, but the lady is beautiful.
For how long we have to hold the property for citizenship?
Interesting video ❤
Thank you.
You're welcome!
The deal breaker for me is where you said they're skittish about filming. While there could be many reasons, that's not a good sign...
Most embassies are no matter where you go.
You are the best 👌
Plan Z if you ask me!!
Say that to the influx of capital, investments, factories, brands relocating, foreign property buying, comprehensive strategic partnerships.
@@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?
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😂
@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.
@@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.
How did you get passed security at airport with your camera equipment?
We hired a local crew.
I hope you can respond to this Question I am a avid follower it just came to my attention that the United States has a tax treaty with numerous countries to prevent double taxation if this in true are these treaties effective do they prevent double taxation?
The building in Al Maadi looks like a setting in a post-apocalyptic video game
I would want quick access to archeological sites, ancient libraries, and recreation. Is that Zamalek?
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.