Investing $1 million in real estate is a significant decision, and choosing between Egypt and Dubai can be challenging.
Both markets offer unique opportunities, but where will your money go further?
In this article, we’ll explore the best areas for real estate investment with a budget of $1 million in each country. This will help you make an informed choice in this important step.
Egypt
Investing in real estate in Egypt is surely worth taking step even if it might be challenging at some times. With a budget of 1M dollar, you have a number of notable locations where you can buy a property either for investment or for living.
Check below for the list of locations in Egypt that fit your budget.
1. New Cairo: Swan Lake Residences
Swan Lake Residences, developed by Hassan Allam Properties, is renowned for its high-quality residential projects.
Spread across 107 acres, the compound offers a variety of residential units and top-tier amenities, reflecting the luxurious standards that Hassan Allam is always up to.
The compound consists of several distinct phases, each with its own architectural style and ambience:
- Selena: Greek-inspired design with sports facilities and green spaces
- Giselle: Family-friendly area with spacious units
- Eris: A safe, comfortable community with various entertainment options
- Ivory: Features world-class standards with a stunning plaza and landscaped areas.
Location
Swan Lake is situated in the First Settlement, directly on the Suez Road, near Rehab City.
Unit Sizes
- Twin villas start at 230 sqm
- Villas
- Type M at 260 sqm
- Type N at 340 sqm.
Average Prices
The price of villas in Swan Lake ranges from EGP 25,000,000/sqm to EGP 60,000,000 for sizes between 250 and 400 sqm.
This makes it possible to own a luxurious villa for around $1 million.
2. New Cairo: Mivida Compound, Fifth Settlement
Developed by Emaar, Mivida is one of the earliest and most luxurious residential communities in the Fifth Settlement, exemplifying the elegance and comfort of a fully integrated living experience.
The compound is designed to provide residents with a community feeling, with everything just minutes away from your home. Besides, Mivida combines vast green spaces with modern amenities that cater to all family needs.
In addition, Mivida, which spans 860 acres, offers a variety of residential units, including apartments, townhouses, and villas, all crafted to the highest standards.
Location
Mivida is located on South 90th Street, just minutes from the American University in Cairo (AUC).
Property Types
- Apartments: Ranging from 80 sqm to 290 sqm.
- Townhouses: Starting from 250 sqm.
- Twin Villas: Ranging from 270 sqm to 300 sqm.
- Standalone Villas: Ranging from 350 sqm to 450 sqm.
Average Prices
- Apartment prices start from EGP 12 million.
- Townhouses and villas are around EGP 50 million.
- Villas range between EGP 30 million and EGP 225 million.
3. Sheikh Zayed: New Giza Compound
New Giza is one of the most luxurious residential projects in Egypt, where you can invest for approximately $1 million.
The compound is spread over a vast 1,500 acre area, with over 80% dedicated to green spaces and service centers, making it one of the largest and most comprehensive communities in Sheikh Zayed.
Additionally, it features sophisticated architectural design and advanced infrastructure, offering a premium living and investment destination.
Key Residential Phases
- District One: Luxurious homes with views of the Giza Pyramids and golf courses.
- The Grove: It has a European-inspired architecture with French, Spanish, and Italian designs.
- Carnell Park: It’s centrally located with wide paths and contemporary homes.
- Jasper Hill: A perfect blend of luxury and privacy with diverse designs.
- West Ridge: This area is a serene one and ideal for families, offering various residential options.
- Ivoryhill: This is for luxury seekers as it’s home to units with world-class designs.
Location
New Giza is located at 22 km, Cairo-Alexandria Desert Road, the 6th of October area.
Property Types
- Twin Villas: Start at 324 sqm to 485 sqm.
- Standalone Villas: Start at 380 sqm to 680 sqm.
Average Prices
- Prices per sqm for villas: starting EGP 30,000.
- Villa prices: from EGP 30 million to EGP 70 million.
With these offerings, you can own one of the most distinguished apartments or a family-sized villa in New Giza for around $1 million.
4. North Coast: Marassi by Emaar
Despite Emaar’s numerous projects in Egypt, Marassi on the North Coast stands out, offering a unique opportunity to own a beachfront unit in this exceptional community.
Spanning over 6.5 million square meters, Marassi is located at kilometer 126, close to Alexandria and New Alamein City, with easy access to other North Coast villages.
Marassi features five private beaches, 23 residential communities, and over 3,300 hotel rooms. It also includes an 18-hole golf course, entertainment areas, and one of the largest marinas in the Middle East, accommodating over 400 yachts.
Residential Communities
- Skaya: Coastal apartments with modern designs and views of Marassi’s beaches and pools.
- Marassi Bay: Luxurious villas with private beaches and exclusive access points.
- Marina Views: Apartments and penthouses with stunning sea views near the marina.
- Marina West: Residential community with apartments and penthouses overlooking Marassi Marina.
- Riva Golf: Spacious villas facing the golf course.
- Vaya: Villas with expansive views of the golf course and pools.
- The Village: A community inspired by Santorini featuring panoramic views.
- Lea: A collection of serviced apartments and luxury service centres overlooking lagoons and gardens.
Location
Marassi is situated at kilometre 126 of International Coastal Road, North Coast, Egypt.
Property Types
- Apartments: 75 sqm to 350 sqm.
- Chalets: 120 sqm to 250 sqm
- Villas: 350 sqm to 1000 sqm
Average Prices
- Chalets in Marassi (up to 150 sqm): starting EGP 15 million.
- Villas and chalets (up to 400 sqm): from EGP 20 million to EGP 70 million
Despite the rapid increase in North Coast property prices, driven by high demand from both Egyptians and foreign investors, you can still secure a prime unit in Marassi for around $1 million.
5. North Bay, El Gouna, Red Sea
El Gouna, a favoured destination for premium experience seekers and sea lovers, is one of Egypt’s most stunning tourist places on the Red Sea coast. Its enchanting nature and luxurious atmosphere attract visitors from around the globe.
Located 25 km north of Hurghada, El Gouna is a haven for those seeking relaxation. It offers many unique experiences along the Mediterranean Sea.
In addition, El Gouna has many lovely and modern neighborhoods where you can own a good unit. Not just that, you can also enjoy a quick staycation at its top resorts: North Bay, Swan Lake El Gouna, Shedwan, or Mangroovy.
North Bay in El Gouna
North Bay is situated in a prime location within El Gouna, near the beaches and local attractions. The project offers a range of apartments and spacious villas complemented by green spaces and multiple recreational facilities.
Developed by Orascom Real Estate, North Bay is also an excellent investment opportunity due to its strategic location in El Gouna and the high demand in the area. The real estate value in North Bay is expected to increase over time, making it a sound investment.
If you are looking for a location close to the beaches and main services in El Gouna and want to invest in a project with stunning sea views, North Bay may be the perfect choice.
Location
North Bay is located in the northern area of El Gouna, 25 kilometers north of Hurghada.
Top Areas
- Golf Area
- Marina Town
- The Mediterranean District
- The Nubian Quarter
Property Types
Apartment sizes in North Bay start from 80 square meters, while villa sizes can exceed 600 square meters.
Average Prices
Villa: Starting EGP 30 million up to EGP 150 million.
Dubai
The UAE’s real estate market is surely a dynamic one that attracts many investors; accordingly, it’s good spot if you’re considering real estate investment with a budget of $1M or planning to move to Dubai for a permanent stay.
From waterfront areas to luxurious communities, Dubai has various options that will fit such budget; check the following options.
1. Damac Hills
Yes, with a budget of 1 million dollars, Damac Hills could be your next address! It’s one of Dubai’s most distinguished communities. It offers a luxurious lifestyle in the city, making it an attractive option for both residents and investors.
The community boasts world-class amenities, including the Trump International Golf Club, lush parks, and extensive sports facilities. Its prime location provides easy access to major attractions and business districts.
With strong rental demand and a growing appreciation rate, investing in a property in Damac Hills presents a promising opportunity for capital gains. Additionally, the community’s serene environment and high-quality infrastructure further enhance its appeal as a desirable place to live and own property.
Location
Damac Hills is located on Sheikh Zayed Bin Hamdan Al Nahyan Street, Dubai.
Services and Facilities
- Swimming pools
- Hotels
- Golf courses
- Schools and nursery
- Parks
- Sports facilities
- Supermarkets
- Spa
- Wellness center
- Skating park
Property Types
- Apartment
- Villa
Average Prices
- 2-bedroom apartment: AED 1,918,000
- 3-bedroom villa: AED 3,150,000
2. Dubai Hills Estate
With a budget of 1 million dollars, you’re lucky enough because you can get a unit in Dubai Hills Estate. It’s a prestigious residential community in the heart of Dubai.
Developed by Emaar Properties and Meraas Holding, this sprawling 11 million sqm development is home to high-end properties, ensuring you the house of your dreams.
Additionally, in Dubai Hills Estate, you won’t only enjoy the residence but also the serene ambience, offering residents a tranquil retreat amidst lush parks and green expanses without compromising on urban conveniences.
Dubai Hills Estate offers a prime investment opportunity, with consistent property value appreciation driven by its strategic location, world-class amenities, and reputable developers. As one of Dubai’s most prestigious communities, it stands out for its unparalleled amenities and market performance.
Location
Dubai Hills Estate is located off Al Khalil Road, Dubai.
Services and Facilites
- Schools
- Swimming pools
- Fitness centers
- Playgrounds
- Cycling track
- Pharmacy
- Walking areas
- Supermarket
- Multi-function courts
- Dubai Hills Golf Club
Property Types
- Studios
- Apartments: 1- to 4-bedrooms
- Villas: 2- to 5-bedrooms
Average Prices
- Studios: AED 915,000
- 2-bedroom apartment: AED 2,400,000
- 3-bedroom villa: AED 2,677,500
3. Dubai Marina
If you’re looking for a contemporary waterfront community where you can buy a unit below $1M, Dubai Marina is the answer. It is a testament to modern urban planning and offers a unique blend of luxury and convenience.
Covering over 50 million square feet, it features a stunning 7-kilometre waterfront promenade lined with restaurants, cafes, and shops.
Moreover, it’s home to many modern skyscrapers and towers, offering you awesome property options with different sizes that fit varying budgets.
Not just that, Dubai Marina’s popularity among foreign investors is significant, as it’s one of the largest freehold areas in Dubai, allowing property ownership by international buyers from Europe, Asia, and the US.
Whether you’re looking for a new residence or to invest in real estate, Dubai Marina is a good option.
Location
Dubai Marina is located along Sheikh Zayed Road, Dubai.
Its strategic location is ideal for commuters, as it is only a 30-minute drive from Deira and Bur Dubai. The area’s proximity to Media City and Internet City has made it a magnet for young professionals, contributing to its vibrant atmosphere.
Services and Facilites
- Malls
- Cafes
- Restaurants
- Walking areas
- Attractions
- Nurseries
- Hotels
- Supermarkets
- Clinics and healthcare centers
Property Types
- Studios
- Apartments: 1- to 5- bedroom apartments
Average Prices
- Studio: AED 978,000
- 2-bedroom apartment: AED 2,510,000
4. Nad Al Sheba
Last but not least, Nad Al Sheba is another top-notch community in Dubai where you can own a unit with just $1M!
Nad Al Sheba is a well-located residential community in Dubai, close to key landmarks and commercial hubs. The community is divided into four sub-areas: Nad Al Sehba 1, 2, 3, and 4.
It features four distinct sub-districts, with Nad Al Sheba 1 housing the famous Meydan Racecourse.
In addition, if you’re a family or luxury living seeker, the area offers a mix of luxurious villas and apartments, making it an ideal fit for your needs.
Location
Nad Al Sheba is located on Sheikh Mohamed Bin Zayed road, Dubai.
Its proximity to major roads ensures easy access to Downtown Dubai, the World Trade Center, and Dubai International Airport, combining tranquillity with urban convenience.
Services and Facilites
- Schools
- Supermarkets
- Notable attractions
- Healthcare center
- Retail malls
- Cafes
- Walking areas
- Hotel
Property Types
- Apartments
- Villas
Average Prices
- 2-bedroom apartment: AED 2,800,000
- 2-bedroom villa: AED 1,226,000
Now you know the available options either for real estate investment in Egypt or Dubai; all you should do is to identify your needs and preferences to go for an option that suits your short and long term plans.
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