Rent: by day, week, month and long term lease Sale Price: (2500 LE/m2)
Area: Hegaz Square (Behind the Military College ) City: Cairo District: Heliopolis
Street Address of Property: Laith Ibn Saad St. 1st Major street: Amar Ibn Yasser Street 2nd Major street: Hegaz Street Number of Bedrooms: 3 Large rooms Number of Recepitions: 4 Large receptions Number of Bathrooms: 2 Size: 260 m² = 2800 ft². (Net) Finishing Quality: Super Luxe Floor: 2nd Property for: RENT FURNISHED / SALE
Amenities: Full American Kitcken A/C Digital Satellite Television Full Aut. Washer Internet Access Laptop Furnished Telephone (2 lines) Language schools Security services Public transportation Elevator Airport: 7 min Fireplace Sound system in the walls Close to major St Down town: 30 min Marble-hardwood Floors Ceramics walls Very quiet area
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Jaguar, I have 4-apartments in Heliopolis smaller than this one. I rent each for $1800/month. There is standards you don’t know about. If you don’t know about these Luxury apartments just go back to the Shi*t hole you live in it or you came from instead of offending peoples!
[This message has been edited by King Tut (edited 10 August 2004).]
quote:Originally posted by King Tut: Jaguar, I have 4-apartments in Heliopolis smaller than this one. I rent each for $1800/month. There is standards you don’t know about. If you don’t know about these Luxury apartments just go back to the Shi*t hole you live in it or you came from instead of offending peoples!
King Tut..You don't need to brag my friend obviously, the more money you make /flat a month, the more Sh*tty you get... typical. Are you Semsar in Heliopolis?
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Jaguar, I own more in Zamalek, Garden City, Mohandseen and Maadi. My apartments in Zamalek are rented $2000 – 4000/month!
If the apartment is Luxury and worth 500,000 – 750,000 LE, It shouldn’t be rented less than $1500 – 2000 /month, as a return on the investment. Otherwise it is better to leave this money in the bank and a have higher return on it!
So, me dear friend mind your own business and let people run theirs. You can’t just trying to ruin others ads by posting stupid comments. I don’t have too much time to teach you about investments and accounting.
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A braggart Semsar.... you should not list your assets in Public Mr. Businessman. By the way, my point was: Egyptsearch knows damn well that he is putting this Ad for foreigners in here (ES) Considering the area and the pictures attached in the link... I assure you it isn't worth that much, besides you do help other landlords to put prices up with a mere simple Ad... and that's not Economy Mr. Businessman.... thats why I said a rip-off. And if I may ask you, aren't you Egyptsearch and also King Tut????
Posts: 477 | From: Egypt | Registered: Jan 2004
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Jaguar, You are an ignorant man! Hegaz square area is one of the nicest and most expensive in Heliopolis. To own apartments in Hegaz square area, it will not be less than 2500 LE/Sq meter for unfinished apartment and prices is going up. So, 260 m2 x 2,500 LE = 650,000 LE. This is a very good price for a finished apartment “ready to live in”
By the way, I don’t know EgyptSearch. As you mention I’m just a businessman, all of my family assets are invested in the real estate market!
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Does the apartment not have a dryer? From the number of outside laundry lines that I saw in Cairo, it seems that dryers aren't all that common??
Posts: 310 | From: Maryland, USA | Registered: May 2004
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Carleen, The apartment have brand new Full-Automatic Washer and Dryer. It is housed in the Lundry Room.
Posts: 19 | Registered: Mar 2004
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quote:Originally posted by King Tut: Jaguar, You are an ignorant man! Hegaz square area is one of the nicest and most expensive in Heliopolis. To own apartments in Hegaz square area, it will not be less than 2500 LE/Sq meter for unfinished apartment and prices is going up. So, 260 m2 x 2,500 LE = 650,000 LE. This is a very good price for a finished apartment “ready to live in”
By the way, I don’t know EgyptSearch. As you mention I’m just a businessman, all of my family assets are invested in the real estate market!
quote:Originally posted by King Tut: If the apartment is Luxury and worth 500,000 – 750,000 LE, It shouldn’t be rented less than $1500 – 2000 /month, as a return on the investment. Otherwise it is better to leave this money in the bank and a have higher return on it!
I don’t have too much time to teach you about investments and accounting.
Hey, Tut,
It all depends what market you are in: buyer or seller
[This message has been edited by katrina (edited 12 August 2004).]
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Kat... for your info.. prices now are running downhill... people now cannot sell their flats, as the demand is almost nil... what's soothiong the case, is that supply is stationary. This is the Egyptian great depression era. What was worth 2000/month, now it can hardly hit the 850/month ceiling.... Posts: 477 | From: Egypt | Registered: Jan 2004
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My apartment in Zamalek is the same size, but furnished much much better, with all new kitchen appliances...and the rent is 3000 LE (yes, in Zamalek). EgyptSearch's apartment is a rip off.
Even if it is in the nicest area of Heliopolis, it should not cost so much.
quote:Originally posted by Chrisderfer: My apartment in Zamalek is the same size, but furnished much much better, with all new kitchen appliances...and the rent is 3000 LE (yes, in Zamalek). EgyptSearch's apartment is a rip off.
Even if it is in the nicest area of Heliopolis, it should not cost so much.
Chrisderfer, If you are serious, post the address, telephone numbers, and provide link for some pictures. I am ready to rent it from you.
quote:Originally posted by jaguar: Kat... for your info.. prices now are running downhill... people now cannot sell their flats, as the demand is almost nil... what's soothiong the case, is that supply is stationary. This is the Egyptian great depression era. What was worth 2000/month, now it can hardly hit the 850/month ceiling....
Jag, I don't think you know what you are talking about! Real Estate market in egypt will go up by 30% this year "Ask any finanical analysit". Real Estate in Cairo is always going up, I mean lands, apartments and building, no exceptions!. I bough an apartment, 250/m2 in Heleipolis in 1992 for 30,000 LE, now it is worth 600,000 LE (This is 20 times)!
quote:Originally posted by King Tut: Jag, I don't think you know what you are talking about! Real Estate market in egypt will go up by 30% this year "Ask any finanical analysit". Real Estate in Cairo is always going up, I mean lands, apartments and building, no exceptions!. I bough an apartment, 250/m2 in Heleipolis in 1992 for 30,000 LE, now it is worth 600,000 LE (This is 20 times)!
Real estate market does not "ALWAYS" go up. This just cannot possibly be true, whether it is Egypt or not. How do you explain real estate market crashes?
How many times "analysts" were right? Are they as good as "God" Greenspan in predicting things?
What analysts may show you as a good historical performance is flawed by so called "survivorship bias", i.e. their results include only firms that survived and excluse bankrupt firms. I am sure you heard of this when you read investment books on investment theory.
Jag must not be living on another planet, must he? He lives in Cairo too. maybe you are sitting in a great "bubble" that is about to burst? Sorry, just a speculation, no real worries. Tying up ALL assets in one business is risky. Investment theory teaches you diversification.
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Katrina, Now you build all of your theories based on this “Jag”. What does Jag own in Egypt or other places?! Probably Jag now lives in an apartment, inherited from his father as an “OLD LAW”, when they used to rent for 5 LE/month!!!!
A lot of people, have this kind of “old rent” in Egypt and can beat any prices for furnished apartments, it is confusing to a foreigners, when it comes to “Is the apartment an old law or a new law!” These people renting a furnished –old law - apartment, will rent only to foreigners, because trey know, it could be taken from them!!!
I have old friends renting “old law” huge apartments in Garden City; First block on the Nile for 13/LE month, for life time and their kids after will have the same deal “Very interesting”!!!
For you as an American, you know pretty damn good that prices didn’t go down for the real estate market, only the interest rate!
[This message has been edited by King Tut (edited 12 August 2004).]
quote:Originally posted by King Tut: Katrina, Now you build all of your theories based on this “Jag”. What does Jag own in Egypt or other places?! Probably Jag now lives in an apartment, inherited from his father as an “OLD LAW”, when they used to rent for 5 LE/month!!!!
A lot of people, have this kind of “old rent” in Egypt and can beat any prices for furnished apartments, it is confusing to a foreigners, when it comes to “Is the apartment an old law or a new law!” These people renting a furnished –old law - apartment, will rent only to foreigners, because trey know, it could be taken from them!!!
I have old friends renting “old law” huge apartments in Garden City; First block on the Nile for 13/LE month, for life time and their kids after will have the same deal “Very interesting”!!!
For you as an American, you know pretty damn good that prices didn’t go down for the real estate market, only the interest rate!
[This message has been edited by King Tut (edited 12 August 2004).]
Oh, yes they do go down. Many variables affect prices, you know. Rent prices get depressed. In America we have seen real estate market crashes not only Black Mondays on Wall Street. Orange County, heard of that? Oh, by the way interest rates do go down. Check USA over at least last couple of years! I see you have big holes in your knowledge of investment theory as well as economic theory, big time, King Tut. You do not understand economic tools available to Central Banks: interest rates are such tools! Greenspan lowered interest rates so many times to boost economy in USA. Only now they started to go up! Please review your economics books. Intro to Macro Econ will do it.
By the way, I did not base my theories on Jag’s knowledge. I simply said good info, jag. He illustrated that perhaps the Cairo real estate market is buyer market not seller.
quote:Originally posted by King Tut: Jag, I don't think you know what you are talking about! Real Estate market in egypt will go up by 30% this year "Ask any finanical analysit". Real Estate in Cairo is always going up, I mean lands, apartments and building, no exceptions!. I bough an apartment, 250/m2 in Heleipolis in 1992 for 30,000 LE, now it is worth 600,000 LE (This is 20 times)!
King Tut.... our Financial Analysit... It is probably worth more than LE 600,000... but can you sell it?? (thought it was a MUST GO since April- if I am not msitaken. O.. and I am not into this game of (mine is bigger than yours- flat talk, that is ) . Have you heard of our bleeding recessive market?? I might as well be ignotrant, but I assure you, I won't rip off people (ES members) Thank you.
quote:Originally posted by King Tut: [QUOTE]Originally posted by jaguar: [b] and I am not into this game of (mine is bigger than yours- flat talk, that is ) . .
Jaguar, You freak me out!, following all of your posts in Egypt Search, I wonder how much intellegance you have?
Basically you said: "There is NO difference in the Sale/Rent price between 100 m2 and 300 m2 apartments!!!
[/QUOTE]
What's that ya King.... been following my posts in EgyptSearch??? Don't you have anything better to Rent instead of wasting your time?? Did I say "There is NO difference in the Sale/Rent price between 100 m2 and 300 m2 apartments!!! Are you an Idiot or just pretend to be one????? One last question: Why didn't you answer Chrisderfer?? Ya King: Cool down and answer, instead of making a fool of yourself.
[This message has been edited by jaguar (edited 15 August 2004).]
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hey KING < email me or give me your email < I am looking for a furnished appartment in hiliopolice for a friend of mine. (ASAP) welsafty@hotmail.com
quote:Originally posted by King Tut: Jaguar, I have 4-apartments in Heliopolis smaller than this one. I rent each for $1800/month. There is standards you don’t know about. If you don’t know about these Luxury apartments just go back to the Shi*t hole you live in it or you came from instead of offending peoples!
[This message has been edited by King Tut (edited 10 August 2004).]
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Katrina is right ; real state prices do go down< but not allot, only the asking price goes down for individuals who are desperate to sell there real state in a buyer's market. but they will never sell if for less than what they have invested ( plus modest return on investment economy goes bad, and instantly everyone is selling , and everyone wants to seel based on yesterday's prices, and when they find out that they are not the only one selling, they are forced to lower there expectations. it did happen to me you know, I wanted to sell my house in Michigan and I thought 260 K is fair, and when I got a real-estate agent they said "you are an idiot " we will sell it for you, in a week for not less than 320K, and I said "YEEEeeeeeeeeeEHHAAAAaaaaaAAA " who cares for the 401K any more " I'm rich, I'm rich, I’m rich!!! I’m gonna be soo fealty rich …, I’ll take my 401K, sell all my stokes, and go back to Egypt and retire. DEAL", and I signed up with the agent, but the one week turned to 3 months, and the house was soled after words for only 262K, and the real state agent had the nerves to take 6% “why Oh My I Haven’t take a loan on the house for the 320 and let the bank foreclose on it.?? I never know
[This message has been edited by welsafty (edited 15 August 2004).]
quote:Originally posted by welsafty: Katrina is right ; real state prices do go down< but not allot, only the asking price goes down for individuals who are desperate to sell there real state in a buyer's market. but they will never sell if for less than what they have invested ( plus modest return on investment economy goes bad, and instantly everyone is selling , and everyone wants to seel based on yesterday's prices, and when they find out that they are not the only one selling, they are forced to lower there expectations. it did happen to me you know, I wanted to sell my house in Michigan and I thought 260 K is fair, and when I got a real-estate agent they said "you are an idiot " we will sell it for you, in a week for not less than 320K, and I said "YEEEeeeeeeeeeEHHAAAAaaaaaAAA " who cares for the 401K any more " I'm rich, I'm rich, I’m rich!!! I’m gonna be soo fealty rich …, I’ll take my 401K, sell all my stokes, and go back to Egypt and retire. DEAL", and I signed up with the agent, but the one week turned to 3 months, and the house was soled after words for only 262K, and the real state agent had the nerves to take 6% “why Oh My I Haven’t take a loan on the house for the 320 and let the bank foreclose on it.?? I never know
[This message has been edited by welsafty (edited 15 August 2004).]
yes. in summary, there is a difference between these concepts
Market value (market clearance price determined by many factors such as supply and demand, etc.) This is why you hear under-priced/undervalued, or over-priced, over-valued
Intrinsic value (true value of the company or piece of property)
Book value (original and incremental investment less accumulated depreciation or what you see on balance sheet)
quote:Originally posted by welsafty: hey KING < email me or give me your email < I am looking for a furnished appartment in hiliopolice for a friend of mine. (ASAP) welsafty@hotmail.com
Dear Welsafty, Thanks for your interest. All of my apartments are rented through Coldwell Banker, I don't have any vacancies right now. I will let my man in Coldwell banker contact you in case of any.
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Hello guys! I was scrolling on your discussion and I was wondering what was the right way for looking for a flat. I will move to Cairo in September and as many told me (like Chrisdefer) I was thinking about asking doormen for rented flats. Is it the best way to find a nice place? Thanks!
Posts: 182 | From: Madrid, SPAIN | Registered: May 2004
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quote:Originally posted by noiretblanc: Hello guys! I was scrolling on your discussion and I was wondering what was the right way for looking for a flat. I will move to Cairo in September and as many told me (like Chrisdefer) I was thinking about asking doormen for rented flats. Is it the best way to find a nice place? Thanks!
To rent flat in cairo: 1. "Walk in" Ask doormen and check it your self. 2. Use reliable service like: Coldwell Bankers and E-dar "They cater on rich customers" 3. Ads: You will have to call and check it out your self.
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What is the rent for the month of November. Thank you
quote:Originally posted by EgyptSearch: Rent Furnished / Sale:
Rent: by day, week, month and long term lease Sale Price: (2500 LE/m2)
Area: Hegaz Square (Behind the Military College ) City: Cairo District: Heliopolis
Street Address of Property: Laith Ibn Saad St. 1st Major street: Amar Ibn Yasser Street 2nd Major street: Hegaz Street Number of Bedrooms: 3 Large rooms Number of Recepitions: 4 Large receptions Number of Bathrooms: 2 Size: 260 m² = 2800 ft². (Net) Finishing Quality: Super Luxe Floor: 2nd Property for: RENT FURNISHED / SALE
Amenities: Full American Kitcken A/C Digital Satellite Television Full Aut. Washer Internet Access Laptop Furnished Telephone (2 lines) Language schools Security services Public transportation Elevator Airport: 7 min Fireplace Sound system in the walls Close to major St Down town: 30 min Marble-hardwood Floors Ceramics walls Very quiet area
quote:Originally posted by Cerise: What is the rent for the month of November. Thank you
Cerise, Please Email me at EgyptSearch@yahoo.com, and I will give you quote, since there is a week left for that date. Please include the following: Start Date: Sept 1, 2004 End Date: Sept 30, 2004 How many people will live in the apartment?
UBBFriend: Email this page to someone!
obviously, the more money you make /flat a month, the more Sh*tty you get... typical.
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