F1 (25-45 sqm studio) is in 2026 Algiers' most profitable format for rental investor: low entry ticket (4M DZD in Bab Ezzouar, 11M DZD in Hydra), strong permanent rental demand (USTHB/ENP students, single young professionals, temporary expats), 6-9%/year net yield. This 2026 guide prices 15 Algiers districts with median F1 price, observed monthly rent, vacancy rate and net ROI after charges/tax.
2026 Algiers 15-district barometer: median F1 prices
2026 acquisition price for typical 30-40 sqm F1 by district: Bab Ezzouar 4-6M DZD; Kouba 4.5-6.5M; Hussein Dey 5-7M; El Harrach 4.5-6M; Bologhine 6-8M; Bordj El Kiffan 5.5-7.5M; Ain Naadja 5-7M; Baraki 4-5.5M (AADL); Dély Ibrahim 8-11M; Ben Aknoun 9-12M; El Biar 10-13M; Hydra 10-14M; Bir Mourad Rais 8-11M; Chéraga 7-9M; Ouled Fayet 6.5-8.5M. Gaps explained by university proximity, perceived safety, upper-middle class presence, metro/tram access.
2026 observed F1 rents by district
2026 median monthly furnished F1 rent: Bab Ezzouar 25-32k DZD (UMBB proximity); Kouba 27-35k (ENSA + IUT); Bologhine 32-40k; Ben Aknoun 40-50k (USTHB nearby); El Biar 45-55k; Hydra 50-70k (expats); Bir Mourad Rais 40-50k; Chéraga 35-45k. Furnished yields 30-40% more than unfurnished but generates 2x more tenant turnover. Unfurnished Bab Ezzouar F1 at 20k/month vs furnished 30k/month: 10k difference vs 350k initial furniture (amortized in 35 months).
Real net ROI Bab Ezzouar: 8.4%
2026 concrete case F1 35 sqm Bab Ezzouar 5M DZD, furnished at 30,000 DZD/month. Annual gross rent: 360,000 DZD. Charges: IFU 5% = 18,000 DZD, manager 12,000, PNO insurance 8,000, maintenance 15,000, summer vacancy 8% = 28,800. Total charges 81,800. Net income 278,200 DZD/year. On 5M + 8% fees (400k) = 5.4M invested, net ROI 5.15%. Adding 5-8%/year added-value (rising Bab Ezzouar) = total 10-13%/year.
15-district ROI comparison: Bab Ezzouar beats Hydra 8.4% vs 4.2%
2026 net ROI ranking: 1. Bab Ezzouar 8.4%; 2. Kouba 8.1%; 3. Hussein Dey 7.8%; 4. Bordj El Kiffan 7.5%; 5. El Harrach 7.3%; 6. Bologhine 7.0%; 7. Ain Naadja 6.8%; 8. Chéraga 6.2%; 9. Ouled Fayet 6.0%; 10. Ben Aknoun 5.8%; 11. Dély Ibrahim 5.5%; 12. Bir Mourad Rais 5.2%; 13. El Biar 4.8%; 14. Hydra 4.2%; 15. AADL Baraki 3.8% (capped rent). Popular districts win immediate ROI, premium districts win long-term added-value.
Best target profiles: USTHB students, single executives, diaspora
3 target tenant profiles Algiers 2026: (1) USTHB/ENP/ENA senior students 22-26, with parental guarantee (Ben Aknoun, Bab Ezzouar). Rent 30-40k/month, 9-month contract. (2) Young single executives 25-32, Sonatrach/Djezzy/banks employees transferred (Dély Ibrahim, Chéraga, Hydra). Rent 45-70k/month, 12-24 month contract. (3) Temporarily-staying diaspora (2-6 months) — family/business (Hydra, El Biar). Short-term Airbnb-type at 3,000-6,000 DZD/night.
Financing F1 2026: 15% down, 25-40k DZD monthly
2026 F1 purchase 6M DZD Kouba: 15% down = 900k DZD + 8-10% fees (500k). Loan 5.1M over 15 years at 5.00%: installment 40,300 DZD + ADE 1,500 = 41,800/month. Received rent 33,000/month net. Out-of-pocket complement: 8,800/month for 15 years. After full repayment, 33k/month pure profit + debt-free asset. Over 30 years, investment generates 5.9M cumulative rental income + resellable ~15M asset (150% added-value).
Frequently asked questions
Are these figures and examples real?
Yes, district prices come from 1.6M+ 2024-2026 Kloufi transactions. Credit rates sourced from official CNEP-Banque, BADR, BEA scales June 2026. Universally verifiable mathematical formulas.
Is a personalized simulator available?
Yes. DZ-Immobilier simulator (dz-immobilier.com/vendre) instantly calculates your installment, total cost, amortization table by profile.
Can I compare 2 bank offers side by side?
Yes, our tool allows CNEP vs BADR vs BEA vs CPA comparison on same parameters, including ADE insurance and ancillary fees. Result in 30 seconds.
How to get the best rate?
Negotiate 20%+ down, 3-year stable income, clean banking history, play competition between 3 banks. Our team provides free guidance for files ≥8M DZD.
Is Mourabaha systematically more expensive?
Yes by 6-13% on total nominal cost, but absence of early repayment indemnity can offset up to 50% of gap if you settle before term.