You do not have to travel to Netherlands (Holland) as the New Administrative Capital has developed and structured Park Lane Compound that built in the classic Dutch model. Let’s know more about Park Lane New Capital Compound and explore its apartments and villas prices and areas.
Features of the New Administrative Capital
If you are looking for a comfortable and ideal environment to live in, you should move to the new administrative capital, where there are non-traditional safe ways of life.
The New Administrative Capital was established in middle of 2019. Real Estate developers rapidly competed for building compounds, commercial outlets and malls.
It is planned that the New Administrative Capital will play a very effective role in the Egyptian economic future, due to the included national and international banks.
Moreover, it will encompasses headquarters of Parliaments, Presidency and main ministries, as well the foreign embassies, which planned to be transferred between 2020 and 2022.
The city consists of 21 neighborhoods. All of them will be built depending on modern technology.
Most importantly, it is planned that 240,000 residential units will be built within the first five years; 30,000 units out of which are being currently constructed.
About Real Estate Developer of Park Lane New Capital
Al Attal Holding Company has developed Park Lane. The Company is one of the most prestigious real estate companies. It has a good track record in this field.
The company has begun its career since 1948; with more than 87 years’ experience in the real estate markets.
Also, Al Attal Holding Company is a pioneer in the contracting fields, iron and finishing fields.
The company has branches in Bahrein and Malaysia. It has carried out several projects in particular:
- Malaysia Embassy
- Bahrein Embassy
- Qatar Embassy
- Angola Embassy
- Set of buildings in Nasr City, Garden City, Lotus, Andalus, Bait Alwatan, Heliopolis, etc.
Location of Park Lane Compound
Park Lane Compound lies on 26 feddans in the best locations in the New Administrative Capital, in the main street of the 7thneighborhood, Plot D2.
Features of Park Lane Compound:
- Plot land allocated to the Park Lane Compound project is adjacent to Muhammad bin Zaid southern axis.
- Width of the project occupies 70 meter of the main street in the 7th district.
- Located next to the Sweden University, Massa Hotel and the Medical City.
- The Compound is also located near the green river, which considered the biggest central garden in the world.
Areas of apartments in Park Lane project
The area of the project is large and suitable for all classes that wish to live in a clean and practical environment.
20% of the total area is allocated for the buildings, while the remaining area goes for the green spaces and various residential service.
Area of apartments in Compound Park Lane is as follows:
- Ground apartments with a garden: ranging from 120 sq to 250 sq
- Identical floors apartments: ranging from 80 sq to 215 sq.
- Duplex apartments with various styles (with a ground floor or a roof): their areas range from 205 sq to 323 sq.
Features of Park Lane Compound
Park lane Compound in the new Capital features with the unique design and variety of areas that stands alone along with providing the following the service:
- Two main gates and four sub gates.
- Fully safe parking
- Restaurant and cafes area
- Gym/ SPA and swimming pool
- Green areas and landscape for more positive energy and good health.
- Artificial Lakes and swimming pools with different areas within the compound.
- Far few minutes from the government district, presidential palace and fairs city. In addition, it is close to Opera house and the diplomatic district.
Prices of the units and payment methods:
The units’ prices vary as follows:
Meter price in Park Lane ranges between EGP 10,600 to EGP 13,500. Units will be delivered semi-finished.
To clarify, flat apartment price starts from EGP 939,000. Duplex Apartment price starts from EGP 2,900,000.
During 3.5 year from the date of concluding the contract, you will be able to complete the finishing of your apartment.
Payment Methods:
It offers different payment methods, including:
- 7% as a down payment with installments up to 6 years
- 10% as a down payment with installments up to 7 years
- 15% as a down payment with installments up to 8 years
* Prices in this article are changeable. We, in Aqarmap, are keen to continuously update the price list of neighborhoods, so the customer will be aware of all changes made in the market and measure the demand indicators through Aqarmap indicator.