Modon Development has responded to Prime Minister Dr. Mostafa Madbouly’s call to adjust real estate prices in Egypt by launching its latest residential project, “New Capital Lagoons”, in the New Capital. Units start at EGP 3.9mn for a three-bedroom apartment, with down payments from 5% and installment plans of up to 10 years, Invest-Gate reports.

Mr. Ahmed Osama, CEO of Modon Development, stated that the company has consistently focused on delivering high-quality products at competitive prices since entering the Egyptian market. He noted that “New Capital Lagoons” offers a strategic location and well-studied pricing structure, developed with leading consultants to ensure a balance between real market value and selling price.

The project is located on an elevated site in Residential District R8, close to major landmarks including the Iconic Tower, Green River, Central Park, the Diplomatic District, the Opera House, and the Capital International Airport. It features direct views of nature and lagoons.

Covering 60 feddans, the development dedicates 10 feddans to lagoons, with a 20% built-up area and 80% allocated to green spaces, water features, and leisure areas. It includes a variety of units — from three-bedroom apartments to townhouses and twin houses — designed to meet different customer needs.

Modon Development boasts a solid project portfolio in the New Capital, including The Tower, Modon Hotel & Residence, Modon Mega Tower, Central Iconic Tower, Green River Tower, and M Business Tower. Beyond the capital, the company is developing Boutique Business Village in New Cairo’s Golden Square and Villaggio, a 40-feddan villa compound in 6th of October City opposite Al Gezira Club.