As the population of Cairo continues to grow, so does the demand for affordable housing. Concord Plaza, a residential complex in Northeast Cairo, is one of the many areas that have seen rent prices skyrocket in recent years. Rent prices in Concord Plaza have increased by an average of 10% annually over the past five years, according to real estate analysts.

One-bedroom apartments in Concord Plaza now cost between EGP 7,000 and EGP 10,000 per month, depending on the size and location of the unit. Two-bedroom apartments start at EGP 12,000 and can go up to as much as EGP 20,000 per month for the most desirable units.

Although the rent prices in Concord Plaza are relatively high compared to other areas of Cairo, many young professionals and expatriates are attracted to the area for its convenient location and modern amenities. The complex features a variety of retail outlets, including a Carrefour supermarket and several restaurants and cafes. There are also several fitness centers and a community swimming pool.

Concord Plaza is located adjacent to the Cairo Festival City, a large shopping and entertainment complex that attracts thousands of visitors every day. This proximity to the Festival City has helped to increase demand for housing in the area, which in turn has led to rising rent prices.

Despite the high rent prices in Concord Plaza, many residents feel that the amenities and convenience of the area make it worth the extra cost. The complex offers a safe and secure living environment, with 24-hour security and gated access. Many of the apartments have balconies or terraces with stunning views of the surrounding area.

Overall, while rent prices in Concord Plaza may be high, residents feel that the benefits of living in this modern and convenient complex outweigh the cost. As Cairo's population continues to grow, it is likely that the demand for affordable housing in this area will only continue to rise. Therefore, it is essential to keep an eye on the real estate market to find the perfect rental apartment in Concord Plaza.