Real Estate in new capital Egypt
Many are looking for Real Estate in new capital Egypt. Due to its advantageous position and nearby the Suez Canal region, regional routes, and important axes, the new administrative capital's development has begun east of Cairo. About 0.5 million people are the intended audience in the initial phase, in addition to the 40–50,000 government workers who will be relocated to the new headquarters.
Real Estate in new capital Egypt
Real Estate in new capital Egypt
The newest investment venture for Egypt's real estate development is The New Administrative Capital. The state has ensured that this project includes all the services required by the residents of the Administrative Capital, along with the development of several outposts of Egyptian and European colleges, commercial hubs, and distinct housing complexes.Real Estate in new capital Egypt
When the city's expansion is finished, the population will be 6.5 million, with plans to increase the capacity to 100,000 employees after the first three years. From this point, inquiries will be made about acquiring Real Estate in new capital Egypt. So, through the following, we will review several Details about The New Administrative Capital.
Location of the new administrative capital
All those looking for Real Estate in new capital, Egypt, wants to inquire about the location of the Administrative Capital from several directions.
Many people want to know how far away from the location the New Administrative Capital is located in relation to the place in which they dwell, and the following is a selection of the most relevant information concerning the location:
Following New Cairo, Mostakbal City, and Madinaty, the New Administrative Capital is situated on the outskirts of Badr City, a route between Cairo and Suez or Cairo and Ain Sokhna.Real Estate in new capital Egypt
On the map, Nearby to Cairo-Suez and the regional ring road is where the administrative capital is located, between the Greater Cairo area and the Suez Canal.
On the regional ring road, the Administrative Capital is located 42 km from the city of the tenth of Ramadan.www.bestroads.net
The location of the new administrative capital is one of its most essential aspects, in addition to being around 60 kilometers from Cairo, the new administrative capital is also about 60 kilometers from Ain Sokhna and Suez.Real Estate in new capital Egypt
The new capital has a land area of around 714 km2, which is almost four times larger than Washington and comparable to the state of Singapore. The area of the new administrative center is 170,000 acres.
What requirements must be met in order to reserve a Real Estate in new capital Egypt?
Finding a Place to Live in the New Administrative Capital - Apartments in the New Administrative Capital are only available to individuals who can afford the cost of the housing unit, and a pamphlet outlining the criteria for those apartments was supplied together with a data form alone.www.bestroads.net
The price per square metre has been set to not exceed 9,000 pounds for apartments measuring 120 metres to 180 metres, in addition to everyone who owns properties in the Dar Misr or Sakan Misr projects.
Features of the New Administrative Capital:
The most important features that you will enjoy when acquiring Real Estate in new capital Egypt include:
Addressing the problem of overpopulation in Cairo
The main goal of establishing the new administrative capital is to relieve pressure on Cairo, the capital of Egypt, which has grown significantly beyond its capacity and faces a serious overcrowding issue, especially given that it welcomes an endless stream of new arrivals every day for various administrative and commercial purposes.
Given that President Abdel Fattah El-Sisi was personally motivated to construct it and prepare it in accordance with specified requirements, the New Administrative Capital is in fact an integrated service project. Egypt's population is currently growing, and it is predicted that by 2050, there will be somewhere between 18 and 40 million people living there.Real Estate in new capital Egypt
Profitable investment area
One of the initiatives luring investors interested in the Egyptian real estate market is the New Administrative Capital. The Administrative Capital project would enable investors from different parts of the world to make profitable investments by creating the largest residential and service projects that the people need, which will support the growth of the Egyptian economy.
It includes great religious monuments
In addition to the Al-Fattah Al-Alim Mosque, which is the largest mosque in Egypt and Africa, and the Cathedral of the Nativity of Christ, which is the largest church in the Middle East, you can learn about the most significant new services that have been established to serve residents in the Administrative Capital by using the detailed map of the city's most significant landmarks. In particular, a new railway line will be built.
Real Estate in new capital Egypt
The largest central garden, which will eventually cover an area of more than 1,000 acres and measure nearly 10 kilometers in length, is now being constructed. It connects residential neighborhoods and universities situated on the grounds of the Administrative Capital over a 35-kilometre distance.www.bestroads.net
How to purchase a Real Estate in new capital Egypt?
After completing the data registration process, make sure you are among the first residents to visit the Housing and Development Bank and submit the significant reservation payment.
Open the website as soon as you have paid the significant reservation fee to reserve the desired unit.
You must read the term's booklet before making a reservation in order to select the unit and understand the payment options.
One year following the date of the reservation, unit deliveries will begin.
But if you are still wondering about what are my options for purchasing a home in the New Administrative Capital? You should know that for rapid payment, the Ministry of Housing has set aside a special discount rate.
After transferring the amount of the reservation's, the selection of the units will have precedence on the website dedicated for reservations.
Real Estate in new capital Egypt
Conclusion
Finally, we can only conclude regarding Real Estate in new capital of Egypt and the administrative capital in general that the new administrative capital will lead to an economic boom not only in Egypt and the Middle East but also throughout the entire world, making it the first capital to experience Economic growth in comparison to other capitals.
