New Cairo is considered the most important modern city in Egypt, as it occupies second place in the rating of new cities after the New Administrative Capital.
In this article, Aqarmap will provide you with the five most important information you should know about New Cairo.
The geographical scope of New Cairo
It is quite common during the recent period that the Fifth Settlement is New Cairo, which is a big mistake, as the settlement including all of its neighborhoods is just a part of the New Cairo city that also includes Al-Rehab and Madinaty.
New Cairo was built east of Cairo governorate over an area of 70,000 feddans, and is located on the ring road, Maadi road, “el katameya – El Ain EL Sokhna” road, and “Cairo – Suez” road. Its population is expected to reach 5 million.
Apartments in installments over 20 years
Social housing projects are suitable for young people and small families who want to start a new life, but they can’t afford to buy an apartment in New Cairo. Therefore, the Ministry of Housing introduced the apartments of Dar Misr, which is considered as one of the luxurious housing projects implemented by the New Urban Communities Authority.
The project offers units at vital and important places in New Cairo, with prices and spaces suitable for new families and the youth, as the space of the apartment start from 100 square meters to 150 square meters.
Various options
Moreover, you can choose the finishing and design that best suits your needs through several different models. The project also contains shopping malls, schools, 24-hour security service and other high-end compounds services.
As for the prices, the price per square meter ranges between EGP 3,900 and EGP 4,250, in addition to 2% of the unit value for upper floors, and 5% maintenance expenses to be paid in two installments.
The project also offers two payment methods, both of which start with a reservation payment of 20% of the unit’s total value, then either to pay installment over 20 years through financing from the central bank, which value reaches EGP 500,000, or installment over 5 years without interest.
Commercial investment opportunities
New Cairo contains several commercial malls that you can invest in, such as:
Medical Mall:
Ozon Mall, New Cairo is the largest region in Egypt that is concerned with healthcare and providing health care services.
The project is located in Al Narges neighborhood, in the 5th settlement, over an area of 17,829 square meters.
The mall offers medical clinics of spaces starting from 37 square meters, in addition to centers for medical analysis, radiology and pharmacies.
The project also offers payment methods to pay in installments up to 72 months, after paying 10% down payment of the clinic’s total value.
Do not hesitate and book your unit in our medical community.
Commercial investment:
Cairo Capital Center Mall offers an opportunity to start a commercial project, as it is located in Banks Street, near the vital 90th Street.
It is also located on the Ring Road, near the cities of EL Shorouk, El Obour, The New Administrative Capital, Nasr City and Heliopolis.
This means that it is close to many vital areas in Cairo. It is easily accessible, this is one of the essential features of any center that mainly provides medical care services.
The mall is built over an area of 770,000 square meters, and includes 6 floors, as well as various services, such as:
- Administrative Offices.
- Banking services.
- Meeting rooms.
- A private garage with a capacity of 164 cars.
- Double glazing windows.
- Automatic operating systems in case of power failure.
- Fire alarms.
- Semi-central air conditioning.
- 24-hour Security service, and electronic gates.
- Maintenance and cleanliness.
- Other services that serve any commercial activity.
The developer of the project has offered three payment methods that you can choose from:
- 15% down payment, and the remaining to be paid over 3 years.
- 20% down payment, and the remaining to be paid over 4 years.
- 25% down payment, and the remaining to be paid over 5 years.
Entertainment centers:
New Cairo is a city that has everything you need to enjoy your life with your family or friends. If you are a fan of shopping, New Cairo’s malls will surprise you, as it contains international chains of stores, restaurants, cafes, clothes, or even amusement parks.
Among the most important malls in New Cairo are:
- Cairo Festival City.
- Concorde Plaza.
- Meeting Point.
- Americana Plaza.
- The Spot Mall.
- Point 90.
- Seven Stars.
- Hala Mall.
- Moon Valley.
But if you are a fan of sports and community life, here are the most important New Cairo clubs:
- Katameya Sporting Club.
- Aviation Club.
- El Zohour Club.
- Platinum Club.
- Wadi Degla Club.
- Al Ahly Sporting club.
- National Bank of Egypt Sporting Club.
- Black Ball Sporting Club.
Global Compounds
New Cairo is the newest and most luxurious new city in Egypt and enjoys a strategic location in Cairo Governorate, therefore, residents of Heliopolis and Nasr City prefer to move to it in order to enjoy its calm and high-end services.
If you want to buy an apartment in New Cairo, here you are the most important compounds:
- Mountain view 1.
- Mountain view 2.
- Mountain View Hyde Park.
- Hyde Park.
- Galleria Moon Valley.
- Al Nakheel compound
- Regent’s Park.
- Galleria Moon Valley Compound
- Rock Vera.
- Al Maram Landmark
- Zizinia Al Mostakbal.
- Prevado Madinaty.
- Stone Residence
All these compounds offer various and different services, such as: security, entertainment, green areas, playgrounds, and others.
As for prices, the average price per square meter for apartment is EGP 9650, while the average price per square meter for villas is EGP 19,350.
* It is worth mentioning that real estate prices are always changing, and we are keen on Aqarmap to update the price list of neighborhoods to keep the consumer informed about the changes in the real estate market. We also measure the demand indicators through Aqarmap index.