|Penthouse（464㎡ + pool 24㎡〜）||11,480,000EGP〜（371,496USD〜）|
■ Project Information
Location: New Cairo, Egypt
Property Type: Residence
No. of floors: 5
Completion and delivery year : Completed
*there are some properties that aren’t completed
■ Project overview
Since it is a completed project, it can be rented out relatively quickly.
There are properties that have been completed up to the interior, and properties that are in a skeleton state.
It is located in the center of New Cairo, 5 minutes walk from The American University (AUC).
It is located in a good and convenient living environment;
since it’s near Monorail station (not yet opened) and supermarket.
Lump sum payment, payment in installments up to 2 years
The following facilities and services are available:
In anticipation of Cairo’s population explosion
and future economic growth,
the Egyptian government had been planning and developing New Cairo during the previous administration.
New Cairo is located between the capital Cairo
and the New Administrative Capital.
Some of the wealthy people who used to live in Cairo
are living in New Cairo in search of a good living environment.
However, some projects are in the middle of
construction and abandoned.
Since the New Administrative Capital cannot cover
all of Cairo’s population of about 20 million people,
we believe that New Cairo will be positioned like
a commuter place even after the New Administrative Capital opens.
■ Egypt’s real estate market and economic situation
One of the attractions of investing in the Egyptian real estate market is the low price.
Due to population growth,
stable demand for rental properties and an increase in rentals are also expected because of the strong domestic demand.
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