Alexandria City Guide

Egypt's Mediterranean capital and its second city, Alexandria pairs a 2,300-year cultural legacy with one of the country's most supply-constrained residential markets. Stretching along a 30-kilometre Corniche, the city blends established upmarket districts such as Smouha, Stanley, and Kafr Abdo with the major new-build catalyst of Sawary Alexandria and the expanding western suburbs. Unlike the seasonal North Coast resort belt, Alexandria functions as a deep, year-round residential market driven by long-term tenancy, a large domestic professional base, and a population projected to grow at roughly 5.1% CAGR through 2035. Nominal prices have moved sharply in the high-inflation Egyptian pound environment - the average apartment now sits near EGP 7,950 per square metre (about US$171), up around 5% year-on-year, while villa values rose far faster off a low base. Persistent undersupply relative to demand keeps upward pressure on prices across most neighbourhoods. For international and diaspora buyers, Alexandria offers gross apartment yields in the 4-6% range, hard-currency upside via the weak pound, and a more stable, end-user-led market than Egypt's tourism-driven coastal hotspots.