The last few years saw a construction boom in Egypt, especially across Great Cairo and the second home destinations like the North Coast and Ain Sokhna. Some of these new projects have even been completely sold out. Invest-Gate rounds up the most notable recently launched new projects that you could invest your money in next year.
New Cairo, divided among the fifth settlement, Shorouk, New Administrative Capital, New Heliopolis, and “Golden Square”, has plenty of residential communities to offer, suiting all tastes and budget needs.
SODIC East: Sixth of October for Development & Investment Company (SODIC) recently launched SODIC East, strategically located between the Cairo/Suez Road and the Cairo-Ismailia Road, and comprising twin houses, townhouses, and villas with areas ranging from 234 to 340 square meters. The project features amenities that offer a diverse range of activities and services such as a club, a kids’ edutainment center, and a camping area.
The Address East: The Address East, Dorra Development’s newest project, is located five minutes away from Cairo/Suez Road in what is becoming widely known as the “Golden Square, hosting some of the most prestigious residential compounds in New Cairo. The residential compound will comprise G+4 fully finished apartment buildings, duplexes, and twin houses, with units ranging from 120 to 210 square meters. Clients are offered a- seven-year- payment plan with a 5% down payment and delivery within four years of signing the contract.
IL BOSCO-New Capital: IL BOSCO-New Capital, a project launched by Misr Italia Properties, is offering standalone villas, twin houses, and apartments, spanning 200 acres in the heart of the New Administrative Capital. The first phase of the project has been completely sold out, with the second phase to go for sale very soon. The whole project slated for delivery within four years.
Midtown New Capital: Situated at the heart of the new capital in front of Expo City and the Central Garden, Better Home Group’s Midtown New Capital features 390 units of town houses, twin houses, and standalone villas with contemporary facades. The project also boasts a -15,000 –square- meter shopping mall, according to the project’s official website. Around 80% of the project area is dedicated to lakes, green landscape, and internal streets. Clients are offered a payment plan up to six years, with a 10% down payment.
El Mostakbal City: El Mostakbal Urban Development Company’s 11,000-acre- project will be launched over five phases. The – 45 mn –square- meter- development houses eight residential compounds by major developers, including ARDIC for Real Estate Development and Investments’ Zizinia El Mostakbal, which recently launched its newest phase with units ranging from 245 to 255 square meter.
West of Cairo
Aeon: Fawaz Al Hokair’s Al Marakez is expanding in west Cairo with Aeon; its first phase will include 216 semi-finished apartments and 400 units and is due for completion in 2020.
West Cairo also saw the launch of a- 3,000-acre- project, co-developed by Palm Hills Developments (PHD) and NUCA in early 2018, and offers multi-tenant buildings, standalone units, as well as, commercial, educational, and leisure facilities.
The soon-to-be launched New Al-Alamein City indicates that there is plenty of land yet to be developed and inhabited in Egypt’s North Coast.
Bo Sands: Developed by Maxim Developments, Bo Sands comprises around 17% of the -18,000-acre Bo Sidi Abdel Rahman project, offering 5,500 apartments with relatively small spaces that range between 80 and 200 meters customized for small families. The first phase of Bo Islands is to be delivered by 2019, while the whole project will be completed by 2022.
JEFAIRA: The fully integrated project spans an area of 1300 acres, a -3.5 kilometers- sand shore, chalets, twin houses, and standalone villas. Prices start at EGP 1.5 mn with a 10% down payment and installments over seven years.
Coast 82: Hyde Park Developments launched the first phase of the -1 mn- square meters in the North Coast, with total investments worth EGP 12.5bn. The project will comprise around 500 villas and 600 chalets, in addition to a commercial space and a five-star hotel with a seafront extending 550 meters.
Ain Sokhna, Red Sea
Azha Ain sokhna: Azha Ain Sokhna, by Madaar Development, covers an area of 1.6 mn square meters and offers a sandy beach and fully finished units with up to eight years installment plan. The first phase of the project is set to include 400 residential units, over an area of 300,000 square meters. Delivery of the first phase units is scheduled for 2018.
Development of the project will be conducted in two primary stages, with sub-stages in between. Azha will have a total of 2,000 units once completed.
Il Monte Galala – Sokhna: Tatweer Misr is launching a new phase of its gigantic Il Monte Galala project in Ain Sokhna soon, overlooking Ain Sokhna’s infinite sea views and crystal lagoons. All units are fully finished with a -10-year- payment plan over equal installments and 10% down payment.
Ein Hills: El Shahawi Properties recently uncovered Ein Hills, a boutique resort in the heart of El Galala Mountain in Ain Sokhna located 129 kilometers away from Cairo. Ein Hills comprises 500 luxury properties, overlooking the Red Sea. Clients are offered an- eight-year- payment plan, with no down payment. The first phase is slated for delivery in March 2019 and the entire project in December 2020.
La Hacienda Ras Sudr: Developed by Bahrawi Investment Co. La Hacienda Ras Sudr is launching a new phase, offering swimmable lagoon, and spanning 5,500 square meter of land, promenades, and pedestrian walkways. The construction of the new phase is underway and its first units will be delivered during 2019.