Egypt’s property developer City Edge Developments announced on February 25 the launch of Al Maqsad, the first ready destination that spans across 211 acres in the New Administrative Capital (NAC).

Scheduled for delivery in 2019, the first ready fully-finished project comprises a handful of residential units with varying sizes and modules, including standalone villas, twin houses, and townhouses, with sizes ranging between 370 and 570 square meters.

Commenting on the company’s latest launch, CEO of City Edge Developments Amr El Kady said, “NAC is one of the most important national projects in Egypt and it represents a comprehensive model for urban development, witnessing a number of unprecedented projects.”

Al Maqsad comes as part of a cooperation protocol signed between City Edge Developments and the New Urban Communities Authority (NUCA) to develop several distinctive projects in the newly launched fourth-generation cities, such as NAC, he added.

El Kady explained that Al Maqsad means a desired place or destination, adding that it is considered the best description for the project, which is distinguished for its significant location at the heart of NAC.

Relishing easy access to all main axes leading to NAC, Al Maqsad intersects the Regional Ring Road and Mostakbal Road, and is in close proximity to Sheikh Mohammed bin Zayed axis, as well as, Middle Ring Road and Ain Sokhna Road. The project also lies a few minutes away from the sports city, embassies and ministries neighborhoods, NAC airport, and Canada-based University of Prince Edward Island.