What is the solution in the wake of the dollar crisis - Is this real estate investment

However, with the announcement of the Ras Al Hekma deal and the influx of over $5 billion into Egypt due to UAE investment in the Ras Al Hekma area, the black market dollar rate quickly fell to 65, then to 50 pounds, and the official dollar rate in banks rose to 40, then 50. It was announced that the official rate is now 50 pounds.

 

This shocked those who invested their money in the dollar. For example, 50,000 Egyptian pounds before the official dollar rate change was equal to $714, and now the same 50,000 is equal to $1,000. Anyone who decided to invest in the dollar based on its rising price and demand has lost the value of the Egyptian pound and increased the value of the dollar.

 

Real estate investment is now considered one of the most important ways to achieve financial returns and preserve the value of money without losing or decreasing its value. Real estate investment is also diverse, as it can be invested in residential, commercial, administrative, or medical properties. Most importantly, real estate investment can be done regardless of the size of the investment budget, whether small or large.

 

Therefore, you should determine your investment budget, then determine the appropriate unit for you and its type (residential, commercial, administrative, or medical) and its location. It is best to invest in new cities, but with experienced real estate developers with a strong track record.

 

Conduct thorough market research before starting your investment. When making a real estate investment decision, you should consider whether this decision is sound given your budget and identify the right property for the market conditions.

Study the direction of customers in the coming period. Although the real estate market is considered a successful investment with a large financial return, it is constantly changing, and there is always demand for a specific area or project at each period. For example, from the beginning of May, there will be a demand for North Coast projects, while at the end of summer and the beginning of winter, there will be a demand for residential units. With the launch of a new project like Ras Al Hekma, there will be interest and demand for it. Therefore, it is important to study the direction of customers in the coming period before making a decision to invest in a specific property.

Study and analyze the offered prices based on the services and facilities available in the area. Is the future of the area real estate still under construction or is it fully serviced and real estate?

Finally, look at real estate as a long-term investment. You should keep in mind that this property will provide you with the best financial return in the future and that it is a long-term investment. To achieve this, you should pay attention to the location of the property, ensuring that it is strategic and has main axes that facilitate access to it, and the future developments expected to affect the investment value of the property.

 

In conclusion, the decision to invest is the most successful now due to the decline in the value of the currency against rising prices. Real estate investment is considered one of the best opportunities, especially for those who want a long-term, secure, and safe investment.