Mostakbal City is one of the best new cities that will receive residents with arms wide open in the next few years. The city is based on the highest degrees of comfort, elements of modern life, and the most important standards of a sustainable healthy environment.
It features a unique strategic location and can be accessed from different regions. It is located between New Cairo and the properties of New Administrative Capital, which makes it easy for residents to access the most important services and facilities. Also, everything you look for in urban communities is available, including malls, commercial centers, and international schools.
Mostakbal City indeed has a strong infrastructure, which consists of a network of roads, water, irrigation, sewage, rain sinks, electricity, communications, and natural gas pipelines. Besides, there are various projects with different residential, commercial, administrative, and medical units in Mostakbal City.
All of these units have various areas and can be owned by paying the unit price in cash or installments. El Mostakbal For Urban Development Company has developed the project of Mostakbal City New Cairo according to the latest architectural styles. The Company has cooperated with the most important companies in the field of real estate investment.
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More details about Mostakbal City in New Cairo
El Mostakbal For Urban Development has established the project on an area of about 11,000 acres, which is equivalent to 45 million square meters. The development of the City has been divided into 5 successive phases. Nearly 20% of the raw materials are homemade to promote the Egyptian local product.
The company has also planned to provide housing projects of more than 6 thousand acres, in addition to 2,500 acres dedicated to roads and green spaces, as well as 2,500 acres for service and entertainment projects to provide an integrated life experience.
Mostakbal City is an integrated, sustainable, and green city, where green spaces, gardens, and trees extend for thousands of meters. The City also depends on clean energy, preservation of the environment, and attention to recycling. The project will be developed over, 10 to 15 years.
Where is Mostakbal City Located in New Cairo?
Mostakbal City is located in a unique strategic location, between a network of vital roads and at the heart of new cities and giant residential projects. It is bordered:
- To the north by the properties of Madinaty Project and the Suez Road.
- To the east and south by the New Capital and the Regional Ring Road.
- To the west by the Central Ring Road and the properties of the Fifth Settlement.
The axis of Al Amal is also close to the project, which connects it to high-end residential neighborhoods, commercial projects, universities, international schools, and the most prominent services.
An Overview About New Cairo
New Cairo is an integrated city and is one of the largest new cities in Egypt. It belongs to the Cairo governorate, with an area of 70 thousand acres. It is a third-generation city established in 2000 and consists of several residential communities and neighborhoods in New Cairo, including Rehab, the First Settlement, the Third Settlement, and the Fifth Settlement. New Cairo is located east of Cairo, on the road between the Cairo-Suez Desert Road and the Katameya-Ain Sokhna Road.
Developer of the Mostakbal City Project
El Mostakbal For Urban Development is the developer of the project. The Company was established in 2006, with a capital estimated at 3 billion Egyptian pounds. The company has developed the Mostakbal City project and distributed its ownership as follows
- 35.35% for Misr Financial Investments Company
- 34.42% for the National Investment Bank (NIB)
- 14.95% for the Arab Contractors Company
- 10.30% for Banque Misr
- 4.98% for the National Bank of Egypt
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Developers Who Participated in Developing Projects in Mostakbal City
El Mostakbal For Urban Development Company has contracted with major real estate development companies, and various consulting offices and contractors to develop the facilities network and infrastructure. The Company has signed contracts with the most important developers to develop the residential and service projects, such as:
- Al-Ahly Sabbour: a pioneering real estate developer with more than 55 projects all over Egypt
- Maxim Developments Company: it was founded in 1980 and has developed important residential and service projects
- Hassan Allam Company: it specializes in building luxury residential compounds in prime locations all over Egypt
- Wadi Degla Holding Company: it has established many residential, sports, cultural, and commercial projects
- The Arab Contractors Company: it is one of the leading contracting companies in the Middle East and Africa, with a staff of 77,000
- Grand Plaza Company: it is a joint-stock company that develops and manages real estate projects
- Tatweer Misr Company: it was founded in 2014 as an Egyptian joint stock company
- Porto Group Company: it was founded by Mansour Amer in 2005, and is one of the largest private companies in Egypt
- Misr Italia Company: it is a pioneering real estate developer with a special philosophy in buildings and real estate solutions
- Beta Egypt Company: it is one of the fastest-growing real estate companies in Egypt since 1993
- El Rabwa Company for Integrated Educational Services: it develops 4 international schools in Mostakbal City
Advantages of Mostakbal City
There are many reasons to choose Mostakbal City for investment and stability, such as:
- Vast green spaces
- Sustainability and waste reduction
- Encouraging recycling
- Reliance on clean energy
- Huge commercial malls in Mostakbal City
- Upscale restaurants and cafes
- Entertainment venues
- Strong facilities and infrastructure
- Modern designs
- International universities and schools
Types of Housing Units in Mostakbal City
There are many types of housing units in Mostakbal City, including:
- Studio: a small apartment with open space and suitable for individuals or newlyweds
- Standard apartments: they are the most popular and sought-after type of properties, as they are suitable for families and individuals with different needs and have various areas
- Duplex: a housing unit in New Cairo consisting of two apartments on two floors, which are connected by an internal staircase
- Penthouse: a large separate apartment and is located on the top floor or the ground floor
- Town House: a villa with a garden that shares the external walls with the neighboring buildings
- Twin House: a villa divided into two parts, each with its entrance and garden. The villa is shared by two separate residents and has the same architectural design
- Stand-Alone Villa in Mostakbal City: a completely independent building consisting of several floors with a private garden, a separate gate, a swimming pool, and a garage