giza Residence

Info:

"Giza Residence" is spread over 1740 square meters with its unique location in the heart of Cairo... Surrounded by the finest international hotels, sports clubs and most prestigious shopping malls to become everything you need in your hands... The image completed in your eyes with a long overview of the Nile, to enjoy life with the elite and the requirements of businessmen.

Giza Residence is in junction with Giza Commercial Center, which offers you a world of fashion and variety. From the personally sophisticated to the luxuriously extravagant, Giza Commercial Center offers a selective Boutique-like variety of shopping and services. Everything is unique, and it is all for you.

Country	Egypt
Location	Giza
Distance	On Main Street, Giza, in front of the State Council and the Russian Embassy
Architecture	Art Deco
Features	Glimmered Upscale Apartments
Phases	1 Phase
Completion Date	Immediate
Use	Residential
Facilities	24/7 Concierge		Valet Parking
	Maintenance		Security
	Special Garage
Unit Types	Duplex Villas	FLOOR PLAN
	Apartments	FLOOR PLAN

market Analysis

Reviewing analysis of 2009 compared with 2010 results shows a very substantial increase in the supply of commercial property

- thanks in part to the development of new cities to the east and west of Cairo and in part due to projects in the capital itself -

means that years (perhaps decades) of under-development are finally being addressed. For a long time businesses have had little option but to operate in (typically old) buildings originally constructed for residential purposes.
Now they have some choice. Demand is also coming from two other quarters.

Western multinationals are establishing and/or expanding their presence in Egypt, with the result that they need more office space. At the same time, Middle Eastern companies are relocating to Egypt, often in response to more difficult conditions in Dubai and Lebanon. Significantly, this second group of companies understands and is tolerant of the risks of operating in Egypt. Even if the political noises surrounding the forthcoming elections produces widespread unrest, these regional companies are unlikely to reconsider their plans.

The result is that conditions are dynamic. Vacancy rates vary, but are generally low or falling. Looking ahead, we expect that the optimism of protagonists in the office and retail sub-sectors will be justified. There should be a double-digit increase in rentals in these sub-sectors in 2011; further - if smaller - rises are likely in the following years. Over the forecast period (2011-2014), we envisage that capital values will increase rather more than rentals. As a result, the general downtrend in yields should continue. Egyptian assets are being re-rated, and the country's commercial real estate sector is a clear beneficiary of this.
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