December 30, 2021

Prices and Areas of Properties in New Cairo


New Cairo includes a large group of high-end and medium neighborhoods that suit all tastes and needs. There are also areas f

In fact, New Cairo is one of the third-generation cities that was established in 2000. Recently, New Cairo has witnessed a great demand for residential projects and housing units. The City is still the destination for many people who search for apartments in Egypt for sale or rent that meet the basic and recreational living conditions.

New Cairo includes a large group of high-end and medium neighborhoods that suit all tastes and needs. There are also areas for villas only and some neighborhoods are characterized by calmness and others are characterized by widespread entertainment and services areas.

Advantages of Owning a Unit in New Cairo

Whether you look for apartments for sale or apartments for rent for housing, or you look for administrative or commercial units to establish a new project, you will get an endless number of advantages in New Cvairo. The most important of which are as follows:

Location of New Cairo

Actually, one of the most important advantages of New Cairo is its proximity to the districts of Greater Cairo, most importantly Nasr City that is only 5 kilometers away. New Cairo is 15 kilometers away from Heliopolis, Maadi, and Katameya. It is close to El Shorouk, Rehab, Mostakbal, El Obour, New Heliopolis, and North of Rehab District. Furthermore, New Cairo is only half an hour away from the New Administrative Capital.

Roads in New Cairo

The Ring Road connects New Cairo to Maadi, Kattameya, and Nasr City. The Axis of Sheikh Mohammed bin Zayed and the Middle Ring Road connect it to the New Capital. New Cairo is also minutes away from the Cairo-Suez Road and the Kattameya-Ain Sukhna Road. Besides, one of the most important main roads in New Cairo is the northern and southern 90th Street. There are also many axes in New Cairo, including the axis of Field Marshal Tantawi, the axis of Al-Amal and work is underway on more roads and axes linking the districts of Old Cairo to New Cairo and others linking New Cairo to the New Capital.

Multiple Residential Areas and Neighborhoods

New Cairo includes a great deal of residential neighborhoods that vary in nature and availability of apartments for sale or rent, villas, and administrative units. The most important neighborhoods in New Cairo are Choueifat, Fifth Settlement, Third Settlement, First Settlement, El Koronful, El Narjis, El Andalus, Tamr Henna, Northern Investors, Southern Investors, South of the Academy, and others.

The Factors of Success of Your Project in New Cairo

If you search for apartments for sale or rent or studios in order to establish an office or clinic, be sure that your choice of New Cairo guarantees you the success of your project. You are in a populated location, close to the main roads, and it is easy to access the old neighborhoods of Cairo and the New Capital. Moreover, all basic services are within easy reach from you, such as supermarkets, major malls, petrol stations, banks, government offices, houses of worship, and various means of transportation.

The Most Famous Compounds in New Cairo

New Cairo includes a large number of high-end neighborhoods and luxurious compounds that were developed by the largest real estate companies in Egypt. The most famous compounds are: Mivida Emaar, Hyde Park, Mountain View Hyde Park, Taj City New Cairo, El Patio, Sodic Villette, Katameya Gardens, Katameya Heights, Lake View, Stone Park, Mountain View iCity, The Address East, Zed East, and Palm Hills New Cairo.

The Most Famous Landmarks of New Cairo

New Cairo is famous for including the American University in Cairo (AUC), the Southern 90th Street, the German University in Cairo (GUC) , the Police Academy, the Family Park, Cairo Festival City Mall, and the Air Force Specialized Hospital.

Types of Properties in New Cairo

New Cairo includes many different types of properties, whether for sale or rent, including residential and administrative properties. So, you can find:

  • Apartments for sale/rent: the areas of apartments start from 77 square meters on the 90th Street and include one bedroom. There are other apartments with areas reaching 300 square meters and they are located in the vicinity of the American University in Cairo (AUC).
  • Duplexes: areas of duplex apartments range from 100 to 700 square meters and include 7 bedrooms and 7 bathrooms. They are located in high-end neighborhoods, such as El Banafsij Neighborhood.
  • Villas: there are various types of villas, including stand-alone villas, twin houses, and townhouses. These villas are located inside or outside the compounds, and their areas range from 80 to 6,000 square meters or more and include 9 bedrooms.
  • Administrative units: areas of administrative offices range from 20 to more than 17,000 square meters. These areas are suitable for establishing major companies or commercial and administrative malls.

Prices Per Meter in New Cairo

The price per square meter in New Cairo varies according to several factors, including the neighborhood in which the unit is located, the availability of services, proximity to main roads, the nature of units, and the type of finishes.

The price per meter in apartments for sale in New Cairo starts from EGP 6,500. This price is available in the Third Settlement and may increase to reach EGP 10,000 on the 90th Street, the South of Academy, and El Banafsij neighborhoods. The prices also may reach EGP 15,000 in apartments for sale inside the compounds in New Cairo.

As for villas, the price per square meter starts from EGP 9,000 in Tamar Henna neighborhood and exceeds EGP 20,000 in the Choueifat, South of Academy, Rehab and Madinaty.

Prices of Units in New Cairo

The prices of units in New Cairo vary according to several factors, including the residential neighborhood, the type of unit, the quality of finishes, whether the unit is located inside a high-end compound, and other factors.

Prices of Apartments for Sale or Rent

The prices of apartments for sale in New Cairo start from EGP 135,000. You can find those prices for studios on the 90th Street, or in El Andalus Neighborhood. The prices of duplexes are about EGP 12,000,000 within the most famous compounds in New Cairo.

As for apartments for rent in New Cairo, the prices range from EGP 2,500 to EGP 90,000, depending on the area of the apartment and its location in which neighborhood in New Cairo.

Prices of Villas for Sale or Rent

The prices of villas for sale in News Cairo range from EGP 450,000 to EGP 200,000,000. The prices of villas for rent range from EGP 14,000 to EGP 250,000 per month.

Prices of Administrative Units for Sale or Rent

The prices of administrative units and offices range from EGP 135,000 to EGP 700,000,000 for the large-sized buildings that are suitable for a commercial mall or a large company.

As for the administrative units for rent, prices start from EGP 2,500 per month for small offices consisting of one room, and reach EGP 1.5,000,000 for large buildings.

dailynewsegypt


Categories : real estate

Finance & Economy

HHD’s legal counsel sets final terms of partnership contract with Mountain View

2022-01-21 08:00:00

ArabFinance: The legal counsel of Heliopolis Housing and Development (HHD) (HELI) and the Holding Company for Construction and"...
Read More

MOPCO to set up new plant for melamine ...
January 21, 2022
Fawry’s board nods to capital incr...
January 21, 2022

Latest News



real estate

Emaar Misr to open new 5 branches
January 20, 2022
Shareholder raises stake in National Rea...
January 13, 2022
GLC Paints to announce colour trends for...
January 12, 2022