New Cairo is a new city covering an area of about 30000 Hectare (70000 Feddan) at the southern eastern side of Cairo Governorate and it is 25 miles away from Maadi.
New Cairo is considered as one of the new cities which was built in Cairo to ease the overcrowding in the middle of Cairo. It was established in 2000 AD under the presidential decree no. 191.
New Cairo has 5 million inhabitants. Compared to 6 October City, it was also built with hopes to reduce the overcrowding in Cairo. Its residential units were built and established as per the international standards which include all the main services and requirements of living. In this article, we will state the most important districts of New Cairo City that is “The Core Compound”
Details of The Core Compound in New Cairo
The Core Compound is one of the projects of Elite Real Estate Company. The company started its activity 6 years ago in marketing the real estate projects and providing the consulting service for marketing and feasibility studies. The projects of the company reached 60 residential districts and “The Core Compound” is considered as the first in terms of the services and advantages in real estate development.
The company is planning for expansion in developing new plots of lands, individually or jointly, during the coming period of time. Elite Company targets sales from its projects with a value of EGP 1 billion during the current year.
The Core project is established on an area of 1700 square meter in New Cairo. The project includes selling area up to 4000 square meter.
The Core Compound is about an integrated business compound consisting of 3 floors:
- the ground floor specialized for shops
- the first floor is medical clinics
- the second floor is administrative offices
Location of The Core Compound
The compound is located on the first district in the Fifth Settlement
Delivering the Core Compound
All units are of fully finished
Payment Facilitates in The Core Compound
First advance 30% and the remaining is installed in two years
Services of The Core Compound in New Cairo
- Security System: Consists of CCTV system, security cameras and security personnel in all the buildings of the project
- Anti-fire System: Fire detection system with automatic alarm and fire-fighting
- A company for managing properties: a specialized company responsible for managing the project, maintenance, security and cleaning
- An area for natural views: consists of restaurants, cafes and spacious green areas.
- Internet network
Advantages of New Cairo
New Cairo is located in the eastern side of Cairo Governorate and it was established under a presidential decree in 2000 upon an area of 70000 Feddans.
New Cairo is surrounded by a distinctive network of main roads, such as: Suez road – Ring road – Al Katameya Al Ain Al Sokhna road – Regional Ring road – Al Mosheer axis, which provides an easy excess from the city to the remaining areas of Cairo governorate.
Information about New Cairo
The urban area of New Cairo is 67000 Feddans
The area of the interior road network of the city is 3000 Feddans
The residential area in New Cairo is only 43000 Feddans
24000 Feddans is the area specialized for the commercial and entertaining activities in addition to health and educational services in the city
The maximum number of floors allowed for any residential building in New Cairo is 4 floors
The previously stated good planning leads to not having residential populations or overcrowding in the city. It also provides the residential and serving integration for the residents of the city which shall guarantee enjoying the classy calm residence for the residents of the New Cairo.
* It is worth mentioning that the prices stated in the article are changeable. In Aqarmap, we are keen on updating the price list of the districts, so as the consumer will be able to know the changes in the real estate market.