Paradise Compound is one of the residential projects offered by the Syndicate of Engineers, with different sizes and various payment methods that suit everyone.
The compound is distinguished by its location among the most prestigious compounds in New Cairo near the axis of the American University. Paradise Compound is an integrated residential community equipped with all services, green spaces and luxurious finishing for residential buildings, in addition to the presence of many services near the compound site.
Location of the Paradise Residential Complex in New Cairo
Paradise Compound is located in the third transit area in New Cairo and overlooks the American University axis, where it is only 5 kilometers away from the university. It also overlooks Akoya Road in New Cairo, and is located next to the investors extension area in the Fifth Settlement and near the Southern Investors area, which is an area with many services, shops and educational institutions.
The location of the compound is distinguished by being close to Gamal Abdel Nasser Corridor and Teseen Street in the Fifth Settlement, both of which are important main roads linking the Fifth Settlement areas with each other and linking the settlement with the neighboring areas as well.
Available Services in Paradise Compound in New Cairo
Paradise Compound in New Cairo provides all the services that residents need in any residential area, as the developers of the compound made sure to have basic services that ensure a comfortable and safe standard of living for everyone. Among the most important services of Paradise Compound are:
- The compound provides a security and guard system to protect all residents inside the compound
- The compound has a private garage to park residents’ cars in a safe way and to prevent crowding inside
- The compound developers were keen on a balance between the presence of buildings, constructions, green spaces, and landscapes
- The internal division of the compound guarantees a space of privacy for all buildings and residential buildings
- There is a large mosque inside the compound
- The compound also provides a service building to provide assistance to all residents.
- Inside the compound there is a large shopping mall that includes many shops, restaurants and cafes
- A social club, so residents can practice a lot of activities, sports and outdoor seating
- There are also basic services such as a supermarket, a pharmacy and other services that anyone needs in the vicinity of his residence
Areas and Designs of Units in Paradise Compound
Paradise Compound consists of residential buildings that include a certain number of apartments.
The areas of units start from 130 square meters to 185 square meters. The residential units in the compound are distinguished by their luxurious finishes for the facades, stairs and fences. While the inside of units are semi-finished, including clamshell, alumetal, electricity and water connections, and the apartment door.
Prices of Units in the Paradise Project in New Cairo
The prices of units in the Paradise Housing Project vary, as the price per square meter for some units of 135 square meters in 2019 reached EGP 10,500, while the units with an area of 185 square meters reached the price per square meter for the same year to EGP 11,000.
Facilitated Payment Systems in Paradise Compound in New Cairo
The Syndicate of Engineers presented a brochure of conditions to participate in an auction to obtain a housing unit in Paradise Compound. It announced that the method of payment would be by paying 35% of the unit reservation down payment and then installing the rest over two years without interest, or over 5 years with only a 5% interest.
EGP 50,000 are paid to enter the auction. The auction ends for the one who pays more at the bidder with a minimum of 35% of the unit value, and this amount is paid within a month from the auction date.
The union announced that the units would be delivered after approximately two years, provided that the first two installments of the unit price would be paid after two months from the date of the auction. A fine is imposed for late payment of installments, 2% of the installment value for each month.
The maintenance deposit in the compound reaches 7% of the total unit value to be paid upon receipt, and EGP70,000 for the value of the garage package for one car, and the company seeks to provide the best price per meter inside New Cairo.
Background Information on the Real Estate Developer of Paradise Compound in New Cairo
The Syndicate of Engineers is the real estate developer or company responsible for the Paradise Compound in the Fifth Settlement, and the Syndicate is known for its various housing projects in many areas, such as the Engineers’ Housing in the Sixth of October, in Obour City, and in the 10th of Ramadan, as well as in the Fifth Settlement.
Advantages Of Paradise Compound In New Cairo
Paradise Compound has many features that make it a distinctive residential place, especially for young people and small families, including:
- Paradise project offers residential units with various payment systems and through the bidding system
- All units are distinguished by luxurious finishing of the facades, and a semi-finished interior is delivered, so that the owner can finish according to his taste
- The compound is distinguished by its wonderful location in the heart of New Cairo and its proximity to the most important roads, main axes, and famous institutions such as the American University and others
- The compound is located next to many other residential compounds, including Mountain View Hyde Park units
- The compound provides a lot of services to the residents, and green spaces are scattered throughout the compound
- The units of the compound enjoy privacy and security
- Unit prices are competitive with real estate prices in the region
Advantages of Living in New Cairo
New Cairo is one of the areas that gradually began to gain the attention of many, whether those who want to live in a quiet and elegant area, or visitors who are heading to New Cairo to go out and have a picnic. Among the most important features of New Cairo:
- Close to Cairo and famous neighborhoods such as Nasr City and Heliopolis, and at the same time far from the hustle and bustle of the city
- New Cairo includes different levels of housing units such as economical housing, middle housing, above average housing, and luxury housing
- New Cairo is considered an integrated city of services and residential neighborhoods, and it includes many famous educational institutions, hospitals and medical centers within New Cairo and the headquarters of the most famous banks and companies, in addition to many parks and malls
- New Cairo has an area of about 70,000 acres, and is distinguished by its wide streets, paved roads and the privacy of the residential units
- New Cairo has many services that anyone needs, such as the largest educational institutions such as the American University in Cairo (AUC), Canadian International College (CIC), Future University in Egypt (FUE), and German University in Cairo (GUC)
- New Cairo is famous for its many entertainment places, especially clubs such as: Al Zohour Club, New Cairo Club, Platinum Club and others
- Reaching or going from New Cairo is considered easy because it is located near the most important roads and main axes, such as: the Ring Road, the Marshal Tantawi Corridor, Suez Road and Gamal Abdel Nasser Corridor, in addition to Taseen Street that connects the Fifth Settlement area to some of them and the Ring Road as well, and this street is considered the lifeblood of New Cairo
- New Cairo is considered a residential city with integrated services and facilities, as it has electricity, sanitation, water, transportation and roads services, making it a ready-to-live place immediately