New Cairo is one of the most important areas and contains a large number of successful real estate projects in Egypt. The most important thing that distinguishes New Cairo is its distance from the overpopulated and crowded areas of Cairo. Therefore, it provides its residents with a calm and elegant climate. Also, residents of New Cairo find it easy to go to the most important districts of Cairo, as there are many main roads and axes that connect them with Nasr City properties, Heliopolis, Maadi, and other vital districts.
The Fifth Settlement also contains many residential complexes, including The Address East project, which is developed by Dorra Group.
Details about The Address East Project in New Cairo
The Address East is one of the most prestigious residential compounds in New Cairo, as it combines all elements of tranquility, privacy and security. The compound also enjoys integrated basic and entertainment services, such as shops, medical centers in New Cairo, restaurants, parking lots, sports clubs, malls, and parks.
Types and Areas of Units in The Address East Compound in New Cairo
The project is built on an area of about 60 acres. Only 20% of this area is allocated to buildings and 80% is allocated to green spaces and water bodies.
The Address East includes 88 apartment buildings, where apartments are located on the ground and repeating floors. Also, there are 28 private villas and twin houses. The developer of the project has provided various areas to suit all different needs and requirements. Areas are as follows:
- Areas of apartments and duplexes in The Address East range from 140 to 210 square meters
- Areas of villas and twin houses range from 315 to 500 square meters
Payment Systems for Units in The Address East Project
The prices of apartments in New cairo start from EGP 20,207.60, so the average price per square meter is about EGP 13,700.
As for the installment and payment systems, the developer of the project has provided flexible and facilitated payment systems. Customers can pay 5% of the total price of the unit as a down payment and pay the rest in equal installments over 7 years. Units are delivered to the owners with a superlux finishing.
The Most Important Advantages of Residing in New Cairo
New Cairo is free from the overcrowding of Greater Cairo and has integrated services and facilities. So, it has recently become one of the most attractive cities for those interested in buying housing units and apartments in New Cairo. This is in fact due to the following advantages:
- New Cairo is distinguished with the ease of access to any area via the Ring Road and main roads and axes. So, it is easy to go from New Cairo to El Shorouk, Nasr City, Mokattam, Maadi, the New Administrative Capital, and other new cities
- The developers involved in the reconstruction of New Cairo have also provided all educational services, such as international schools and universities
- The most important schools in New Cairo are: the Canadian International School, Manor House International Schools, Misr International School, New Horizons International School and Salah El Din International Turkish School
- The most important universities in New Cairo are: the German University in Cairo (GUC), the Canadian International College (CIC), the Future University in Egypt (FUE) and New Cairo Academy
- New Cairo contains a number of major malls, such as Cairo Festival City, Americana Plaza and Moon Valley
- New Cairo includes more than one sports club, such as Wadi Degla Club, Katameya Club and Al Ahly Club
The Real Estate Developer of The Address East Compound
The Address East is the latest residential project of Dorra Group and the first of the Company in East Cairo. Dorra Group was established in 1943, and has developed many mega projects inside and outside Egypt, including:
- Zayed 2000 Compound
- Zayed Heights Compound
- Hadayek El Mohandiseen Compound
- Address 1 and 2 Compounds
- Designing 27 towers, Dubai
- Designing 13 towers, Qatar
Prime Location of The Address East Project
The Address East project is located in the heart of the Fifth Settlement in New Cairo, only 5 minutes away from the vital 90th Street, 5 minutes away from the main Suez Road and 10 minutes away from the American University in Cairo (AUC), Nasr City, and Heliopolis. The compound is also adjacent to Palm Hills and Mountain View iCity Compounds.
Distinguished Design of The Address East Project in New Cairo
The Address East Compound is designed according to the latest international and high-quality designs. Units are delivered fully finished and super lux finished.
Advantages of Residing in The Address East Compound
In addition to privacy, tranquility, fresh air and landscapes, the project provides many necessary and recreational services as follows:
- A huge health club on an area of 3,000 square meters, consisting of 3 floors and equipped with the latest international sports equipment
- A world-class spa managed by famous renowned experts
- An integrated commercial area with many malls and the most famous stores
- Vast green spaces with tracks for running and cycling
- Kids area
- Restaurants and cafes
- Underground garages to serve the residents
- Water bodies
- A clubhouse for all residential buildings within the compound
- Security service and a comprehensive surveillance system
So, owning a Property in The Address East guarantees you the high-end, comfortable and safe life.
Distribution of Units in The Address East Compound
Dorra Group has accomplished 1,200 fully finished units. So, you can choose from many models, areas, and prices. There are ground floor units, duplexes, and private villas with different areas and modern designs in New Cairo. Moreover, there are different payment systems and facilities.
However, if you prefer to live in another area, you will find many distinctive options. In fact, Egypt has recently witnessed a great expansion in building residential projects known as compounds, which are developed by prominent real estate development companies. Therefore, there is a good diversity of prices and options.
In Aqarmap, we are keen on tracking the real estate market movement through the Aqarmap index, so that the consumer knows all new things.