Oia Compound for luxurious accommodation life in New Capital

Oia compound is the latest project carried out by Edge Holding Company, which were established in 2018. Edge Holding is a result of a huge mutual fund between Al-Borouj Egypt and Al-Mashariq KSA. It was established to seize the huge investment opportunity in Egypt. Edge Holding has a huge vision for the real-estate business in Egypt and huge plans for the future. They aim to create new experiences for their clients.

Strategic Location 

Oia Compound is located in the heart of the New Administrative Capital in R7 district. This district is distinguished in the capital, because it is located near the embassies districts, Al Massa Hotel, and Fair ground. It also lies in front of the Mega Mall. It is only 20 minutes away from the Presidential Palace and New Administrative Capital Airport.

The project overlooks the 4 main roads of the Capital, which means you can reach any place you prefer easily. Oia project was named after a small village located south of Aegean Sea in the Greek Santorini Island known for its pretty landscapes and cool weather.

Components

Residential units of the compound are divided to fulfill the needs of each family, and payment is in installments up to 10 years.

Partitioning and planning of the Compound

The compound is built on an area of 30 feddans, divided into 40 residential buildings, including 1,000 housing units, with an investment EGP 3 billion. 20% of the total area of Oia is allocated to construction, while the remaining area, which represents 21 feddans, is exploited in open green areas, gardens, roads, service buildings, and multiple recreational activities areas.

Services inside Oia Compound encompass

• Swimming pools
• 24-hour security
• Restaurants and cafes
• Artificial lakes
• Sport club
• Medical Center
• Recreational areas for children
• Health club
• Complex for cinemas
• Club House and sports fields
• Hotels
• Shopping mall
• Walking and cycling trails
• Distances between residential buildings are separated to add more privacy to inhabitants and increase the feelings of wide spaces between buildings.
• Wide streets inside the compound and the space of open areas between buildings is not less than 27 square meters.

Distance and partitioning

The style of architecture in Oia is distinctive and different according to the places of buildings inside the compound. The general structure is modern and contemporary, and the residential units are divided into apartments. Space of which start from 128 square meters to 270 square meters, with installments up to 10 years.

Most of residential units are divided into 2 or 3 rooms, and all units overlook a landscape view. All apartments are half-finished.

Portioning of units

• Apartments of 90 meter square space
• Oia Duplex of 148, 193, 222 meter square
• Duplex apartments of 193, 222 meter square
• Apartment with a roof garden of 133 meter square (Garden’s space is 75 meter square)

Payment facilities and prices 

The price* of meter starts from EGP 8,800, with 0% down payment and up to 10 years installments.

There are 4 payment methods, including:

• Down payment and the remaining on 6 years installments.
• 10% down payment, 5% delivery payment, and the remaining on 7 years installments.
• 15% down payment, then 5% payment every year for 4 years, and the remaining on 8 years installments.
• 25% down payment, then 5% payment every year for 4 years, and the remaining on 8 years installments.
• All previous payments are on installments without any interest.

A quick overview of the owners of Edge holding

Al-Borouj Egypt: Established as a construction company in 2006, owned by a group of Egyptian investors with a track record over ten years in the construction business, with a net worth exceeding EGP 1 billion of successful projects.

El-Mashareq: Established in the late 1970’s based in Saudi Arabia, with a long track record in infrastructure contracting and developments, with great successful business credentials in KSA and the GCC, accumulating successful projects worth billions over the years.

Both partners pooled their financial powers to create a new breed of developers, by which they combined their expertise in developments and construction to create Edge Holding. Taking benefits of Egypt’s new rising business segment, the real-estate market will be the new grounds of new success story.

* Please note that all prices mentioned in this article are for the first quarter of 2019 and subject to change, and we in Aqarmap try to update them regularly in our prices guide of districts.  Choose between different spaces and styles in the best compounds in New Administrative Capital, you would find many payment plans that suit all.

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