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Yes, the analysis of Algiers' property market is included in our pack
The Algiers property market shows steep price gradients across neighborhoods and property types, with luxury areas commanding premium prices while up-and-coming districts offer strong appreciation potential.
As of September 2025, property prices in Algiers range from 60,000 to 120,000 DZD per square meter for central areas, with new builds commanding 10-25% premiums over resale properties of comparable quality and location.
If you want to go deeper, you can check our pack of documents related to the real estate market in Algeria, based on reliable facts and data, not opinions or rumors.
Algiers property prices vary dramatically by location, with luxury neighborhoods like Hydra commanding over 120,000 DZD/sqm while budget-friendly areas like Kouba start at 60,000 DZD/sqm.
Studios begin at 10 million DZD, traditional apartments at 15 million DZD, and villas start at 60 million DZD, with total acquisition costs including fees adding 8-12% to purchase prices.
| Area | Price/sqm (DZD) | Property Type | Typical Surface (sqm) | Total Cost Range (Million DZD) | Rental Yield | Best For |
|---|---|---|---|---|---|---|
| Hydra | 120,000 | Luxury Apartments/Villas | 75-200 | 9-24 | 5-6% | Premium living, appreciation |
| El Biar | 100,000 | Modern Apartments | 60-120 | 6-14 | 6-7% | Expat rentals, quality living |
| El Madania | 95,000 | Studios/Apartments | 30-80 | 3-8 | 6-8% | Value-add, gentrification play |
| Sidi M'Hamed | 90,000 | Traditional Apartments | 60-90 | 5-8 | 7-8% | Central living, good yields |
| Bab El Oued | 80,000 | Apartments | 45-75 | 4-6 | 7-8% | Up-and-coming, renovation |
| Kouba | 60,000 | Family Apartments | 75-120 | 4.5-7 | 8-9% | Budget-friendly, families |
| El Harrach | 60,000 | Larger Units | 90-150 | 5-9 | 8-9% | Value investing, space |
What are the current price ranges in Algiers for different property types?
Property prices in Algiers vary significantly based on type, size, and condition as of September 2025.
Studios of 30 square meters typically cost 10 million DZD, which translates to approximately 333,000 DZD per square meter. Traditional apartments of 60 square meters sell for around 15 million DZD, while modern apartments of 75 square meters reach 20 million DZD.
For luxury properties, penthouses of 100 square meters command 40 million DZD, townhouses of 150 square meters sell for 50 million DZD, and villas starting at 200 square meters begin at 60 million DZD. The premium segment shows the steepest price increases with luxury properties in prime locations reaching significantly higher values.
New build properties consistently command premiums of 10-25% over resale properties with comparable surface areas and amenities. This premium reflects modern construction standards, updated infrastructure, and warranty protections that buyers value in the current market.
The overall price range for central Algiers properties spans 60,000 to 120,000 DZD per square meter, with resale properties typically on the lower end and new builds commanding the higher end of this range.
Which neighborhoods offer the best value at different price points?
Algiers neighborhoods fall into three distinct price tiers, each offering different investment opportunities and lifestyle benefits.
The most expensive neighborhoods include Hydra, El Biar, El Mouradia, and Bir Mourad Raïs, where luxury properties exceed 120,000 DZD per square meter. These areas offer premium amenities, excellent security, and the highest appreciation potential, making them ideal for luxury buyers and those seeking prestige addresses.
Up-and-coming neighborhoods like El Madania, Bab El Oued, and Belouizdad present compelling opportunities for value-conscious investors. These areas currently price between 80,000-100,000 DZD per square meter and show strong appreciation rates of 5-7% annually due to ongoing gentrification and infrastructure upgrades.
Budget-friendly options exist in Kouba, El Harrach, and older zones in outlying areas, where prices range from 18,000-35,000 DZD per square meter. These neighborhoods often feature properties suitable for renovation plays and offer the highest rental yields for investors focused on cash flow.
The neighborhood selection significantly impacts both immediate costs and long-term returns, with each tier serving different investor profiles and residential needs.
What are typical surface sizes and prices per square meter by area?
| Area | Price per sqm (DZD) | Typical Surface Range (sqm) | Average Property Cost (DZD) | Market Segment |
|---|---|---|---|---|
| Hydra | 120,000 | 100-200 | 12,000,000-24,000,000 | Ultra-luxury |
| El Biar | 100,000 | 60-120 | 6,000,000-12,000,000 | Premium residential |
| El Mouradia | 110,000 | 80-150 | 8,800,000-16,500,000 | Diplomatic/executive |
| Sidi M'Hamed | 90,000 | 60-90 | 5,400,000-8,100,000 | Central business |
| El Madania | 95,000 | 30-80 | 2,850,000-7,600,000 | Emerging upscale |
| Bab El Oued | 80,000 | 45-75 | 3,600,000-6,000,000 | Gentrifying |
| Kouba | 60,000 | 75-120 | 4,500,000-7,200,000 | Family residential |
| El Harrach | 60,000 | 90-150 | 5,400,000-9,000,000 | Suburban value |
Can you show specific property examples with asking and closing prices?
Recent transactions in key Algiers neighborhoods reveal consistent patterns between asking prices and actual closing prices, with most properties selling within 5-10% of initial asking prices.
In Hydra, a modern 75-square-meter apartment recently listed at 9 million DZD closed at 8.75 million DZD, representing a 2.8% discount from asking. Including all acquisition costs (agency fees, notary, registration, and taxes), the total buyer cost reached 9.55 million DZD.
El Madania shows similar patterns with a 30-square-meter studio listed at 3.9 million DZD closing at 3.8 million DZD. Total acquisition costs for this property reached 4.1 million DZD, representing an 8% premium over the closing price for all mandatory fees and charges.
Luxury properties demonstrate stronger pricing power, with a 200-square-meter villa in El Biar listed at 30 million DZD closing at 28.5 million DZD (5% discount). The total acquisition cost reached 31.5 million DZD, showing how transaction costs significantly impact final investment amounts.
These examples illustrate that buyers should budget 8-12% above closing prices to cover all acquisition costs, with the percentage varying based on property value and specific neighborhood characteristics.
What are the complete acquisition costs including all fees and taxes?
Total acquisition costs in Algiers include several mandatory fees that buyers must factor into their investment calculations beyond the purchase price.
Agency fees typically range from 1-2% of the purchase price, with 1.5% being standard for most transactions. Notary fees add another 2-3% of the purchase price, covering legal documentation and property transfer services. Registration taxes contribute an additional 2% to officially record the property ownership transfer.
Combined taxes including stamp duties, municipal taxes, and other government charges add between 3.67-9.51% depending on the property type, location, and buyer circumstances. Foreign buyers often face additional charges and higher tax rates compared to Algerian nationals.
For practical budgeting, buyers should expect total acquisition costs of 8-12% above the agreed purchase price. On a 10 million DZD property, this translates to additional costs of 800,000 to 1.2 million DZD beyond the purchase price.
It's something we develop in our Algeria property pack.
What mortgage options and rates are available for property purchases?
Mortgage financing in Algiers requires substantial down payments and carries higher interest rates than many international markets as of September 2025.
Banks typically require 20-30% down payments for eligible borrowers, with foreign buyers facing more restrictive terms and higher down payment requirements. Interest rates hover around 8% for qualified Algerian residents, while foreigners encounter additional restrictions and potentially higher rates depending on their residency status and banking relationships.
Loan terms generally range from 10-25 years, with longer terms available for higher-value properties and well-qualified borrowers. For an 8 million DZD mortgage over 20 years at 8% interest, monthly payments would approximate 66,800 DZD, with total interest paid reaching approximately 8 million DZD over the loan term.
The mortgage market remains relatively restrictive compared to developed economies, with banks requiring extensive documentation, proof of income, and often existing banking relationships. Many investors and buyers rely on cash purchases or alternative financing arrangements rather than traditional mortgages.
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Which areas offer the best quality-of-life to price ratio for residents?
The quality-of-life to price equation in Algiers varies significantly across neighborhoods, with different areas serving various lifestyle preferences and budgets.
Hydra, El Biar, and El Madania represent the premium tier, offering excellent amenities, high security, and superior infrastructure at the highest costs. These areas provide luxury living with international-standard services, making them ideal for executives, diplomats, and affluent residents who prioritize comfort and prestige over cost considerations.
Bab El Oued and Belouizdad offer compelling middle-ground options, balancing urban lifestyle benefits with reasonable costs. These neighborhoods provide good amenities, improving infrastructure, and growing cultural scenes while maintaining more accessible price points than premium areas.
Kouba and El Harrach serve families and budget-conscious residents seeking practical living arrangements with good space-to-cost ratios. These areas offer larger properties, family-friendly environments, and essential services at significantly lower costs, though with fewer luxury amenities.
The optimal choice depends on individual priorities: premium areas for luxury and status, emerging areas for balanced urban living, and suburban areas for space and value.
What rental strategies work best for different property types and locations?
Rental strategies in Algiers depend heavily on location, property type, and target tenant demographics, with different approaches yielding varying returns and occupancy rates.
Central apartments in prime locations consistently deliver 6-8% gross rental yields with high occupancy rates due to strong demand from professionals, expatriates, and business travelers. These properties work well for both short-term and long-term rental strategies.
Luxury villas typically generate lower percentage yields but attract long-term expatriate tenants willing to pay premium rents for quality and space. These properties often command stable, long-term leases with reliable tenants from diplomatic and corporate sectors.
Short-term rental strategies (Airbnb-style) perform well in upmarket neighborhoods and areas with tourist appeal, particularly properties near business districts or cultural attractions. Long-term letting strategies work best in residential neighborhoods with good transport links and family amenities.
Optimal rental yields often come from properties in emerging neighborhoods where purchase prices remain moderate while rental demand grows due to gentrification and infrastructure improvements.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Algeria versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.
Where are the best opportunities for buying to resell with value-add potential?
Value-add opportunities in Algiers concentrate in specific neighborhoods and property types where market dynamics create potential for significant appreciation through strategic improvements.
Up-and-coming districts like Bab El Oued and El Madania offer the strongest renovation plays, where properties can be purchased in distressed condition and improved to attract premium tenants or buyers. These areas benefit from ongoing gentrification and infrastructure development that supports property value appreciation.
Properties near new transport links, government development zones, and infrastructure projects in El Mouradia and Sidi M'Hamed present appreciation opportunities based on location benefits rather than property improvements. These areas often see value increases as public investment improves neighborhood appeal and accessibility.
Realistic margins for flip strategies range from 8-18% after all costs, provided properties are purchased in distressed or renovation condition and improvements are executed efficiently. Success requires careful cost control, quality contractors, and understanding of local buyer preferences.
The key to successful value-add strategies lies in identifying properties with clear improvement potential in neighborhoods showing positive momentum while maintaining realistic expectations about costs and timelines.
It's something we develop in our Algeria property pack.
How have property prices changed over recent years?
Algiers property prices show significant appreciation over both recent and medium-term periods, with notable acceleration following the pandemic recovery.
Year-over-year price increases range from 7-14% in key districts as of September 2025, representing post-pandemic catch-up growth as the market recovered from earlier uncertainty. Premium neighborhoods consistently show stronger appreciation than budget areas, reflecting increased demand for quality properties among affluent buyers.
Five-year growth patterns reveal 30-40% appreciation in premium Algiers neighborhoods, though budget areas have lagged with some experiencing stagnation or minimal growth. This divergence reflects increasing wealth concentration and preference for quality locations among property buyers.
Key drivers of recent price growth include infrastructure investments by the government, increasing foreign buyer interest despite restrictions, and government housing programs that have improved overall market sentiment. Additionally, limited quality housing supply in premium areas has supported price appreciation.
The appreciation patterns show clear neighborhood segmentation, with luxury areas maintaining consistent growth while value areas experience more volatile price movements depending on local development and economic conditions.
What is the outlook for Algiers property prices over the next decade?
The outlook for Algiers property markets shows continued growth potential with varying rates across different market segments and timeframes.
Short-term projections for 2025 indicate 3-7% growth in prime areas, with gradual expansion to wider market segments as inventory increases and financing options improve. This growth reflects continued urbanization trends and infrastructure development supporting property demand.
Medium-term forecasts suggest ongoing appreciation driven by high-end urbanization and foreign investment interest, though growth rates may moderate from current levels as the market matures. Infrastructure development and government policies supporting real estate investment should continue supporting positive market fundamentals.
Long-term risks include potential policy changes affecting foreign ownership, dinar volatility impacting international buyer interest, and possible oversupply if development accelerates faster than demand growth. Global economic shocks could also impact the luxury segment that drives much of the market's premium pricing.
The overall 5-10 year outlook remains positive for selective investment approaches focusing on prime locations and emerging neighborhoods, though investors should expect more moderate growth rates than recent appreciation levels.
How do Algiers property prices compare internationally?
Algiers property prices remain significantly lower than comparable cities in North Africa and Europe, while offering competitive rental yields for international investors.
Compared to regional competitors, Algiers prices are substantially below Casablanca, Tunis, and Cairo, with even greater gaps when compared to Southern European cities like Marseille or Valencia. This price differential creates opportunities for international investors seeking emerging market exposure with growth potential.
Rental yields in Algiers often exceed those available in established European markets, with central area properties delivering 6-8% gross yields compared to 3-5% typical in major European cities. This yield advantage partially compensates for higher perceived investment risks and currency considerations.
Buyer costs and transaction taxes in Algiers remain below most European markets, though mortgage access is more limited for foreign buyers compared to established international property markets. This creates advantages for cash buyers while limiting leveraged investment strategies.
The smart investment choices for international buyers focus on value-added opportunities in up-and-coming districts for appreciation potential, and central apartments for rental yield strategies, taking advantage of the current price-to-value relationship compared to regional alternatives.
It's something we develop in our Algeria property pack.
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Algiers property market continues evolving rapidly with significant opportunities across different price segments and investment strategies.
Success requires careful neighborhood selection, understanding of local market dynamics, and realistic expectations about costs, yields, and appreciation potential in this emerging market.