Nawassy Developments has launched its latest venture, Nest, in New Cairo, with investments surpassing EGP 30 bn, Invest-Gate reports.

This fully serviced residential compound is sprawled across 51 feddans, with a construction ratio accounting for just 16.5% of the project area.

Situated in the Sixth Settlement, the project holds a prime location near essential landmarks and major developments, merely a minute from the ZED East project and two minutes from the Hyde Park project in New Cairo.

Hossam Soliman, the CEO and Managing Director of Nawassy Developments, outlined that the new project comprises 35 residential buildings housing opulent apartments, garden villas, lake houses, and fully finished sky villas. Additionally, it features a fully serviced hotel building alongside 22,000 sqm designated for commercial activities within the compound.

Soliman emphasized the company’s dedication to orchestrating a fulfilling residential experience within the compound. Selecting the optimal location was deemed a pivotal detail, underscoring Nawassy Developments’ commitment to residents’ well-being.

Nest Compound’s strategic positioning in the heart of New Cairo fosters proximity to key destinations and renowned locales, distinguished by its access to vital amenities and recreational facilities essential for residents’ convenience. The compound’s close proximity to esteemed universities, schools, and hospitals ensures access to top-tier educational and healthcare services.

Soliman hinted at an upcoming expansion strategy following the unveiling of three unique projects in East Cairo within the past two years. The company is evaluating the prospect of venturing into a new residential project in West Cairo.

Furthermore, Soliman highlighted the exceptional locale of the new project in the Sixth Settlement of New Cairo, a mere 15-minute drive from the New Administrative Capital, boasting a striking view of the 90th Street and facilitating seamless access to key destinations and the vibrant surroundings.

The project is slated for completion within four years from the contract date, with Nawassy Developments offering flexible payment schemes tailored to customers’ financial capabilities, commencing from a 5% down payment and extending over a payment period of up to nine years.