In this article, we will provide you with information about the main reasons to buy a property in the New Administrative Capital, along with its main landmarks and features.
New Administrative Capital
The prices of properties in new cites have their own laws and rules, as the average price per square meter increases as a result of the increase in the demand rate of the city’s properties. That’s what happened when the prices of Sakn Misr housing project’s units were declared by the Ministry of Housing on three stages; prices per square meter varied based on the demand rate of each, as the price per square meter in stage three has exceeded EGP 6,000.
It is worth noting that this was a project of residential units, but the New Administrative Capital is a whole independent city that only relies on its provided services and facilities.
It contains a mosque, a church and a hotel on large space and beautiful design. It is also close to Cairo and other cities, like Badr City. It is connected to important main roads, has a private airport, important universities, and governmental sectors, such as: the headquarters of Parliament, ministries, embassies and many others.
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The New Administrative Capital is a good place to launch and develop your real estate projects, as it is continuing to complete the construction process at the same pace for both of buildings and projects, like Al Massa Hotel, Al-Fattah Al-Aleem Mosque, and the cathedral.
Therefore, finishing the construction process of real estate projects in New Administrative Capital is important these days, in order to deliver the residential or commercial units to its owners, who would like to move to.
There are also projects that are available for sale, but the late you are to book a unit, the higher the price per square meter. The new capital is about to be an integrated city, therefore, the prices vary much more than if it is still under construction.
Main Features of the New Administrative Capital
The country paid special attention to the New Administrative Capital, in order to move the governmental sectors, ministries and other important institutions there. Therefore, it was keen on constructing large projects, whether they are service, public or investment projects. That’s why it is a great decision, in all cases, to get your own real estate unit there.
New Administrative Capital has several projects, such as:
Al Massa Hotel
Al Massa Hotel is one of the largest projects in the New Administrative Capital. It spans over a large area, and has a luxurious design as well as a distinctive location. It is also located near El Sheikh Zayed Axis, the Residential Neighborhood and the Cairo International Conference Center.
Moreover, it is an independent project, targeting to attract internal and external tourist investment.
Knowledge City
It is a city built to be a headquarters for research and innovation regarding technologies, such as AI technology. It is planned to have several buildings, including a specialized university and a training center.
That will make the city crowded with students, who will seek a residential unit nearby, whether it is a private unit or related to the university, therefore, the price per square meter will be higher later on.
Olympic City
It is built by the Ministry of Youth on an area of 93 acres, and it contains various playgrounds, swimming pools, hotels, and entertainment units.
It is one of the projects on which the ministry will rely to host international games, such as the Olympics. During such events, the city will attract visitors to stay during these tournaments.
Iconic Tower
The Iconic Tower is the highest tower in Africa, as it is about 385 meters high. It is built in the main Business District, and it overlooks important roads and buildings in the New Capital, which makes it a touristic place for visitors from other areas and nearby governorates.
That will definitely affect in a positive way the economy of the city, and make the selling, buying, renting and investing rates flourish.
All the previously mentioned reasons are what make the New Administrative Capital your first choice to buy a property now.
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