Real Estate Market in New Damietta City

New Damietta City is one of the most prominent modern cities created as part of the urbanisation plans adopted by the Egyptian government. It was established in 1980 with the aim of relieving pressure on the main urban areas and providing an advanced and modern environment for the residents of Damietta and its surrounding areas. Located on the shore of the Mediterranean Sea near Damietta Governorate, New Damietta is strategically located close to several main axes such as the International Coastal Road, making it easily accessible from various Egyptian cities.

New Damietta is characterised by a modern and advanced infrastructure that includes extensive road networks, integrated vital facilities, schools, universities, and hospitals at the highest level. All these factors make it an ideal destination for investment, whether in the real estate, industrial or commercial sectors. Over the past few years, the city has become a center of attraction for real estate investors and developers who see it as an opportunity to achieve distinctive investment returns.

The real estate market in New Damietta: Its developments and importance

1. The beginning of real estate growth in New Damietta

Since its establishment, New Damietta has witnessed a remarkable urban renaissance that has made it a preferred destination for investors in the real estate sector. The city began to provide a variety of land and buildings, whether residential, commercial or industrial, which contributed to attracting local and international capital to the real estate market in New Damietta.

Thanks to the city’s thoughtful planning and strong infrastructure, the real estate market in New Damietta began to grow gradually as demand for residential units and commercial spaces increased. From apartments and duplexes to villas and offices, New Damietta offers diverse options that meet the needs of all segments of society, from ambitious young people to large families and even investors looking for opportunities to develop their projects.

2. The importance of the real estate market in New Damietta

The real estate market in New Damietta is one of the most promising markets in Egypt. With the continuous population increase and urbanisation, there is a growing demand for residential and commercial real estate in new cities. New Damietta is at the top of these cities due to its many advantages that make it attractive to investors and residents alike.

Reasons for the excellence of the real estate market in New Damietta:

• Strategic location: The city’s proximity to Damietta Governorate and the Delta region makes it a magnet for investors looking for a long-term investment.
• Excellent urban planning: New Damietta is characterised by its organised urban planning that provides a balance between residential, commercial and industrial spaces.
• Advanced infrastructure: From paved roads to modern electricity and water networks, New Damietta is one of the most equipped cities to accommodate population and investment expansion.
• Diversity of real estate: Whether you are looking for an apartment, a villa, or a commercial office, the real estate market in New Damietta offers options to suit all tastes and budgets.
• Government support: The Egyptian government adopts policies that support investment in new cities, and New Damietta is no exception. The state offers facilities in licences and infrastructure services to attract more investments.

3. Development of the real estate market in New Damietta

Over the past few years, the real estate market in New Damietta has witnessed a remarkable development. This growth can be seen through the increase in the number of major real estate projects being implemented by major real estate developers in Egypt. The expansion of modern residential complexes, commercial malls, and industrial zones is one of the most prominent manifestations of this development.

On the residential side, there is an increase in the construction of projects that provide mid-range and luxury housing units, mainly targeting Egyptian families and foreign investors.

These residential projects are characterised by modern architectural designs and integrated

facilities that meet the needs of residents and ensure a high-quality standard of living.

On the commercial front, the real estate market in New Damietta is witnessing a clear commercial renaissance with the opening of a number of large malls and commercial centers that include major local and international brands. This development is not only limited to commercial centers, but also extends to the establishment of administrative offices and major companies that choose New Damietta as a strategic location for their business.

Commercial Projects in New Damietta

In light of the continuous development of the real estate market in New Damietta, commercial projects that play a key role in driving the local economy cannot be overlooked. Among these prominent projects is OPEN WAY MALL, one of the most important commercial projects in the city, strategically located in the heart of New Damietta.

The mall is located in the center of the central area and directly on the main axis, making it close to all necessary services.

The mall is adjacent to the third district service center, which is one of the most densely populated areas with a large purchasing and investment power in the city.

Its proximity to Damietta Stad and the new Saeedi Street increases the mall’s attractiveness to both investors and shoppers.

One of the most prominent features of OPEN WAY MALL is its wide facade that overlooks two main streets, which is at least 100 meters long.

This design ensures easy access to the mall and enhances the movement of visitors and customers, in addition to having main entrances to each street to ensure easy movement in and out of the mall.

The project covers an area of about 13,000 square meters, 40% of which has been allocated for construction, while 60% has been left as open outdoor space.

The loading ratio does not exceed 20%, allowing investors to make the most of the available space.

Zawaya Real Estate Development Company: Your Partners for Success in New Damietta

After discussing OPEN WAY MALL, we turn to the leading real estate developer in New Damietta, Zawaya Real Estate Developments Company, which is responsible for its establishment. Thanks to its extensive experience and excellence in providing innovative real estate solutions, Zawaya is the ideal choice for anyone looking for a successful commercial investment in New Damietta. 

The OPEN WAY MALL project embodies Zawaya’s vision of delivering real estate projects that meet market needs and keep pace with modern developments. With its strategic location and unique architectural design, the mall is an ideal destination for investors seeking distinctive opportunities in the commercial real estate market.  

Conclusion  

The real estate market in New Damietta is considered one of the most promising investment destinations in Egypt. With its strategic location, advanced infrastructure, and significant diversity in real estate projects, New Damietta has become a preferred destination for both local and international investors.  

If you are looking for a reliable partner in this market, Zawaya Real Estate Developments Company is the perfect choice. With its long experience and future vision, Zawaya guarantees you investment in high-quality real estate projects with assured returns.