City Edge Developments has announced the launch of two new phases, “Verandas” and “Centria,” within the prestigious New Garden City project in Egypt’s New Administrative Capital, Invest-Gate reports.

The expansion aims to meet the high demand for New Garden City and aligns with the Egyptian government’s urban growth strategy across new cities.

The launch of these phases reflects City Edge’s commitment to fostering investment in Egypt’s fourth-generation cities through mixed-use developments tailored to the needs of both residents and investors. City Edge supports national efforts to drive public returns and enhance fiscal stability through impactful real estate projects by focusing on integrated communities.

New Garden City, situated in the R5 residential district of the New Administrative Capital, spans 885 feddans and boasts a prime location near major transportation routes, including the Middle and Regional Ring Roads and Teseen Road, south of the Bin Zayed South Axis. Additionally, it is moments away from the upcoming monorail station, enhancing its accessibility.

Tamer Nasser, CEO of City Edge Developments, highlighted the company’s strategic direction, emphasizing accelerated development of its land portfolio alongside government-led projects. “Our focus on rapid project execution will drive a notable increase in sales and attract significant investment, helping meet Egypt’s growing real estate demand,” Nasser stated.

This latest expansion underlines City Edge’s role in supporting Egypt’s urban transformation, showcasing a vision for sustainable growth and attracting international and domestic investors to Egypt’s evolving real estate landscape.