Uncategorized June 5, 2023

Coldwell Banker Around the World: May 2023

Alexandria, as the second largest city in Egypt, is called home by one of the newest international affiliates in the network, Coldwell Banker New Alex of Coldwell Banker Egypt.



Founded by Alexander the Great in 331 BCE, the city of Alexandria in Egypt is the largest city along the coast of the Mediterranean and has a wealth of history and cultural influences. Alexandria was the intellectual and cultural center of the ancient Mediterranean for much of the Hellenistic age and late antiquity, as the home of the Great Library, the largest in the ancient world. It also was home to the Lighthouse of Alexandria, one of the seven wonders of the ancient world. The city today still features many remains and historical structures that reveal the cultural impact of the many different leaders and groups who have ruled the city. Today, as the second largest city in Egypt, it is called home by one of our newest international affiliates, Coldwell Banker New Alex of Coldwell Banker Egypt.

As franchise owner Hussein Younis notes, “the city of Alexandria is a major hub for supporting the national economy of Egypt, so I saw a great opportunity in establishing my real estate business in such a city.” Younis may be focused on the economic opportunities of a city like Alexandria, but we implore you to also consider the rich history, culture, and culinary highlights that might await you there! Envision yourself walking along the Corniche, or enjoying shawarma at water-front café, and read on to learn more about the city of Alexandria and one of the newest Coldwell Banker offices in Egypt.

Where do you live: Alexandria, Egypt

What is the perfect weekend day like:  Alexandria has something to offer for the adventurer in all of us. This city is full of many interesting activities that could be done including visiting historical sites, libraries, museums, or just laying back on the beach.

What are the common modes of transportation there: Alexandria is built for walking, and certainly, the central and downtown districts are best explored on foot. For longer journeys around the city, there are other options like Taxis, Trams, Micro Buses, and Calesh (Horse-drawn carriages that loiter around downtown and can provide a romantic means to trot along the seafront)

Tell us about the foods your area is known for: Alexandria cuisine is very simple, and this simplicity is what makes it unique and attractive. Food in Alexandria and the coast of Egypt tends to use a great deal of fish and other seafood. Whole grilled prawns and grilled whole fish are only two of the numerous lightly seasoned and modestly cooked dishes that are the backbone of modern-age Alexandrian cuisine.

What is your favorite meal? At home or at a restaurant: My favorite meal is “Shawarma” (a popular Middle Eastern dish consisting of meat or boneless chicken cut into thin slices) and Alexandrian Hawawshi (bread stuffed with minced meat and Egyptian spices)

Where do you recommend someone vacation in your region, why: Stanley is a neighborhood near the city center of Alexandria. The area is most famous for the iconic Stanley Bridge on the Corniche, as well as its private-access beach, and a lot of services like cafes and restaurants. While walking along Stanley Bridge, you will see fishermen line up on the bridge waiting for their catch of the day, it constitutes a major part of the reconstruction and decoration of Alexandria corniche.

What is your favorite recreational or leisure time activity: There are many ways to enjoy my time in Alexandria, sometimes I go swimming or have long walks on the corniche and other times I visit Sayed Darwish Theatre (Alexandria Opera House).

Is there a specialty your area is known for: The Mediterranean Sea and the long walks along the Alexandria Corniche in addition to its delicious seafood

Share a little known but interesting fact about the area/region: Alexandria beaches have made it an Egyptian resort, visited by millions of people throughout the year.

If you were to live in any other region where we have a Coldwell Banker presence, where would it be and why: Middle region, Nashville, because of its tremendous and sustained population and job growth leading to strong investor appeal

Territory Summary:

Alexandria is a port city located on the Mediterranean Sea in northern Egypt founded in 331 BCE by Alexander the Great. It was the site of the Pharos (lighthouse), one of the seven wonders of the ancient world, and the legendary Library of Alexandria and was once the most vital cultural center of the ancient world, rivaling even Athens, Greece.

The city acts as the second largest city after Cairo. Its location extends 32 km on the coast of the Mediterranean Sea and is 138 km northwest of Cairo on the western edge of the Nile Delta. It accounts

for two-fifths of the country’s industrial production and acts as a cultural stage for art and beauty.


Key Facts:

  • Population: 6 Million
  • Language(s) Spoken: Arabic
  • Climate: Summers are long, warm, muggy, arid, and clear and winters are cool, dry, windy, and mostly clear. Over the course of the year, the temperature typically varies from 50°F to 86°F and is rarely below 44°F or above 89°F.
  • Currency: Egyptian Pound (EGP)

Industry Facts:

  • Types of Architecture:  Alexandria is an architecture lover’s dream destination with structures spanning many centuries and styles, from Georgian to Victorian to Mid-Century Modern. The existence of many different communities such as Italian, Greeks, French, etc. brought to life in Alexandria new architectural styles such as the Neo-Classic, the Neo-Renaissance, the Eclectic, the Art Deco, the Art Nouveau, and the Neo-Islamic style.
  • Average Sale price: 26,000 EGP/square meter
  • Average years in house/apt: 5