Real estate in Madinty

When was the real estate in Madinty project completed, and where exactly was it located? The Madinaty Project is more than simply a residential real estate development in Egypt; it is a brilliant real estate concept that Talaat Moustafa Real Estate Company executed with distinction. The Madinaty Project embodies the company's promise, of "A global city on Egyptian soil."

Real estate in Madinty

East of the Egyptian capital city of Cairo, the Talaat Mostafa Real Estate Company is building a new metropolis called Madinaty. The real estate in Madinty project comprises many stages, and construction started in July 2006. The initial residential stages finished in 2013 and 2014.

Around 8,000 acres of land (33.6 million square meters), and it is anticipated that roughly 600,000 people would live there. The project has a 60 billion Egyptian pound budget overall.

Real estate in Madinty | Land acquisition

With a total area of 33.6 million square meters, the Egyptian government agreed in September 2010 to keep Madinaty under the Talaat Moustafa Group's ownership while increasing the price per square meter from 25 pounds to 297 pounds. As a result, the business is required to pay 9.9 billion pounds.

Based on the Council of Ministers' consent, which established EGP 9.9 billion as a minimum value for the property, the Ministry of Housing has begun drafting the new contract that will be signed between the New Urban Communities Authority and the Talaat Mostafa group about the “Madinaty” site. Real estate in Madinty

As soon as Engineer Hamdi Al-Fakharani, the owner of a claim for the invalidity of the “Madinaty” contract, declared that he has filed a lawsuit against him The administration attempting to reverse the ruling of the Supreme Administrative Court, legal representatives from the Ministry of Housing and the Talaat Mustafa Group will meet to discuss the structure and wording of the contract and avoid any loopholes that may result in the filing of new lawsuits. Real estate in Madinty

Where is Madinty located?

West of Settlement, north of the New Administrative Capital and Mostakbal City, and south of El Shorouk City are the locations of Real estate in Madinty. Also, it is 45 minutes from Tahrir Square in downtown Cairo and 30 minutes from Nasr City. Regarding the main thoroughfares, Madinaty is bordered to the north by the Suez Road, to the west by the middle ring road, and to the east by the Amal axis. Madinaty is about ten minutes from the regional ring road. Real estate in Madinty

Madinaty's position is unique, particularly in light of the state's efforts to build East Cairo and the New Administrative Capital.

Also, it was incredibly simple to get everywhere because of how close Madinty was to the big roadways. Moreover, Madinaty's closeness to industrial hubs like Badr and the Tenth of Ramadan makes it easier to acquire skilled laborers and artisans in an emergency.

Services in Madinaty

There are several services available in Madinaty that aim to make inhabitants comfortable. Some of these services include:

The World Trade Centers.
Premium entertainment locations.
Well-equipped cafés and restaurants.
Vast areas of green.
Services for advanced security.
Distinct man-made lakes.

Artisanal services:

What about car maintenance? Do you wish to paint your new flat, or are you looking for a tailor or laundress? There is a district in Madinaty that is dedicated to all trades; to shorten distances and improve your quality of life.

Commercial services:

You may acquire your essentials in Madinaty at the service station next to your house or at a hypermarket in one of the shopping centers nearby.

You could consider clothing, makeup, electronics, furnishings, or even books.

Education services:

Many nursery and language schools cater to all educational levels and are recognized for their high standard of instruction. Universities may be found at:

Al-Shorouk
Badr
The Administrative Capitol
The Assembly

All of which are near Real estate in Madinty. It widens the range of options while picking the right university.

Entertainment services:

You may need a lot of time to experience all the leisure options Madinaty has to offer, including golf courses, movie theaters, an integrated amusement park, restaurants, cafes, gardens, and lakes.

Government services:

All Egyptian banks have branches in Madinaty, and occasionally the same bank has multiple branches there alone, in addition to all the other administrative activity one can find there. As it is technically against the law to set up an administrative headquarters in a residential structure, Madinaty is distinguished by the presence of commercial activity in its buildings.

Health services:

Unlike Madinaty, several complexes lack hospitals or emergency rooms. In Madinaty, there are many integrated medical centers with all specializations, as well as shopping malls and a variety of medical clinics. Within the following two years, work on a private hospital in Madinaty will be finished. The hospital's name has not yet been chosen.

Roads and transportation:

Real estate in Madinty has an extensive internal road system, allowing quick access to any part of the city. In addition to exterior transportation, which consists of air-conditioned buses that link Madinaty with all its surrounding locations, there is internal transit that allows most residents to go around the city without a car.

Security services:

Madinaty is distinguished by a strict security system, which consists of security personnel distributed throughout the city seven days a week, surveillance equipment that monitors every square foot of the city, and private cars used to control security. All of this is under the control of an integrated security building.

Social and religious services:

Large mosques constructed in the most recent architectural style are a feature of Madinaty. These mosques may be found all across Madinaty. A sizable church, one of Madinaty's original structures, is also there and can be found next to Gate 4.

What drawbacks does a Real estate in Madinty have?

The yearly maintenance costs are one of Madinaty's largest negatives; nevertheless, when compared to the maintenance costs in the majority of well-known compounds, Madinaty is a very close second, and the return you will receive from the maintenance costs is also significantly higher.