Economic Dimensions of Gated Communities in Egypt | ||||
| Journal of Urban Research | ||||
| Article 7, Volume 18, Issue 1, October 2015, Page 111-124 PDF (647.3 K) | ||||
| Document Type: Original Article | ||||
| DOI: 10.21608/jur.2015.89792 | ||||
 View on SCiNiTO | ||||
| Authors | ||||
| Ahmed M. Shalaby1; Sarah A. Elariane2 | ||||
| 1Cairo University, Faculty of Engineering, Department of Architecture | ||||
| 2Housing & Building National Research Center (HBRC),Giza,Egypt | ||||
| Abstract | ||||
| The Gated communities represent a rather new development product on the housing market in Egypt. This type of development is spreading fast since the nineties of the last century. A large number of research has been conducted on the topic of gated communities in a number of different countries. However, in Egypt, this topic needs to be more discussed and researched. Therefore the topic of gated communities in Egypt will be further explored and analyzed, focusing on the economic dimensions and the impact of such developments on the Egyptian real estate market. This study specifically focuses on the city of El Sheikh Zayed where most of the gated communities are located. The objective of this research is to identify the main factors that can influence the housing prices in Egypt in order to know in what extent the gated communities affect positively or negatively the housing price especially for those units located inside. In this sense, a comparative study is applied between the prices of gated and non-gated housing units using simple regression analysis as well as Hedonic Pricing Model, in order to understand the influence of gated communities on the value of the housing units. This study analyzes the sales prices of middle class housing units in El Sheikh Zayed City | ||||
| Keywords | ||||
| Gated Communities; El Sheikh Zayed City; Hedonic Pricing Model; Economic Analysis; Real Estate Valuation | ||||
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