New Damietta Real Estate: The Gateway to Investment and Distinctive Housing

An overview of New Damietta as a modern city. Its distinguished location as one of the most important new cities in Egypt. Why has it become an attractive destination for investment and housing?

1. New Damietta’s location and urban planning:

 Its proximity to Damietta city.

 Modern urban design and strong infrastructure.

 Prominent residential and commercial areas.

2. Types of available properties:

Residential apartments: Their features and prices.

Villas: Target groups and advantages.

Commercial real estate: The importance of investing in shops and offices.

In the previous article, we talked about the real estate market in New Damietta City from here

3. Advantages of investing in New Damietta:

The increasing demand for housing.

Proximity to ports and industrial areas.

Available services: Educational, medical, and entertainment.

4. Challenges facing the real estate market in New Damietta:

The impact of real estate market fluctuations.

Competition between developers.

5. Tips for investors and buyers:

The best places to invest.

How to choose the right property (residential or commercial).

Dealing with trusted real estate development companies.

Investment opportunities in New Damietta: Statistics and figures

1. The volume of investments in New Damietta:

New Damietta has witnessed a significant increase in the volume of investments over the past decade, as investments in the last ten years amounted to four times what was achieved during the previous 34 years. Source: Youm7

2. Allocating land to investors:

The New Damietta City Development Authority is working to complete the allocation of 600 acres to investors and real estate developers, which opens the way for more investment projects in the region. Source: Real Estate Newspaper

3. Residential projects:

New Damietta includes a number of prominent residential projects, including:

303 buildings in the “Dar Misr” project containing 7,272 housing units.

44 buildings in the “Janna” project.

284 buildings in the “Sakan Misr” project containing 6,816 housing units. Source New Mansoura

4. Real Estate Prices:

Real estate prices in New Damietta vary based on location and area, with the price per square meter for residential apartments ranging between EGP 14,361 and EGP 68,372. Source AQARMAP 

5. Commercial Projects:

New Damietta is witnessing a growth in commercial projects, such as “Panorama Mall” and “East Mall”, which enhances investment opportunities in the city’s commercial sector. Source New Mansoura

These statistics show that New Damietta is a promising investment destination, witnessing continuous growth in residential and commercial projects, providing multiple opportunities for investors in the Egyptian real estate market.