quadro villas for sale in new capital | 3 means of entertainment
quadro villas for sale in new capital The New Administrative Capital was announced in March 2015 by President Abdel Fattah El-Sisi, and is one of the largest housing and investment projects in Egypt. The city aims to be the new capital of the country, and a vital administrative and economic center. One of its main goals is to relieve pressure and traffic congestion on Cairo by moving government headquarters and official institutions there.
The Administrative Capital includes many upscale residential neighborhoods and service cities, and is designed to accommodate many huge investments, international companies, and banks. A huge budget amounting to 45 billion US dollars has been allocated to invest in this huge economic project, which will attract more investments. In addition, the New Administrative Capital will be the first smart city in Egypt, as it will use all means of modern technology to provide comfort and luxury to its residents. It is important for the city to adopt a sustainable development approach to ensure that its residents have a healthy and sustainable environment without compromising its ecosystem.
quadro villas for sale in new capital
quadro villas for sale in new capital
The New Administrative Capital is distinguished by its great diversity in its real estate, as there are many residential, commercial and administrative units. The neighborhoods in the new capital are divided into several sections, starting with residential neighborhoods that include private projects, compounds, and distinctive government housing projects. On the other hand, the new capital includes government neighborhoods that include ministries and government headquarters, in addition to a neighborhood for embassies and consulates. The diversity of real estate is not limited to residential neighborhoods only, but there are also neighborhoods designated for businesses, companies, and branches of major banks.
Among the types of properties available in the New Administrative Capital, you can find studio apartments, regular apartments consisting of at least two rooms, in addition to two-level duplex apartments, and villas of various shapes and sizes. There are also administrative malls, offices, administrative headquarters, stores and commercial units that meet the needs of various businesses and stores. It is clear that the New Administrative Capital offers a variety of real estate options for residents and businesses, making it an ideal destination for living and working. quadro villas for sale in new capital
Area of the administrative capital
quadro villas for sale in new capital The area of the Administrative Capital is almost the same as the entire area of Singapore, and the construction work on the project was divided into three phases. 40,000 acres were allocated for the first phase, and 70% of this phase was completed quickly, indicating great interest from real estate developers. The second phase extends over an area of 47 thousand acres, and the final phase extends over an area of 97 thousand acres, with a total area estimated at about 170 thousand acres.
The Administrative Capital will rely on renewable energies and solar energy. Most of the space will also be allocated to gardens and green spaces to ensure fresh air and a healthy environment. There will be 14,000 acres of green space known as the “Green Belt” out of the 40,000 acres that constitute the area of the first phase. Capital Park will also be built, a huge park larger than Central Park in New York. Thus, the per capita share of green spaces is 15%.
quadro villas for sale in new capital
Administrative capital projects
quadro villas for sale in new capital The capital’s construction projects are considered among the most important projects supervised by a joint stock company that includes thirteen members, including the New Urban Communities Authority, the National Service Projects Authority, and the Armed Forces Land Projects. The capital of this company is about 6 billion pounds, and it cooperates with more than 45 different contracting and construction companies.
Among these companies, Concord Company stands out, which is working to implement about 2,000 housing units, Petrojet Company, which is constructing 1,000 housing units, while Hisham Talaat Mostafa Company is working on implementing about 2,100 housing units. As for Orascom and Sons of Allam, they are responsible for implementing the infrastructure of the capital construction project.
What is the future of the real estate market in Egypt in 2023?
Real estate investment is considered one of the most important types of investments that attracts many investors, as there are Quadro villas for sale in the Administrative Capital, due to the good returns and stability that can be achieved through it. Owning a property is a major goal for many Egyptians, as they can benefit from it whether they live in Or they rent it to generate additional income
With the current economic changes and global events, many investors are concerned about the future of the real estate market in Egypt during 2023. Will he face new challenges? Will the current circumstances negatively affect him?
In short, real estate investment remains an attractive option for many individuals and companies, but the situation must be carefully studied and market developments followed to ensure that the right decisions are made in this area.
The extent to which real estate market indicators affect real estate prices in Egypt now
At the end of the last quarter of 2018, the real estate sector in Egypt faced major challenges, but conditions appear positive now. In a press statement, the head of the Real Estate Development Chamber, Tariq Shukri, confirmed that the current year will witness a boom in the real estate market, due to the decline in the value of the dollar against the Egyptian pound and the decrease in the inflation rate. quadro villas for sale in new capital
Foreign real estate exhibitions are among the factors that contributed to the increase in foreign investment in Egypt, and quadro villas for sale in new capital , as the country has become a prominent presence in many international real estate exhibitions. Engineer Tariq Shukri praises the role of the Real Estate Development Chamber and the Ministry of Housing in encouraging companies to participate in these exhibitions, whether local or international, and providing the necessary facilities and support.
The Egyptian government works to support these efforts by providing advice and responding to investors’ inquiries about the real estate sector in Egypt and the available investment opportunities. Joint efforts between the public and private sectors are expected to continue to enhance the real estate market in Egypt and attract more investments. quadro villas for sale in new capital
quadro villas for sale in new capital
Features of the real estate market in Egypt
quadro villas for sale in new capital The real estate market in Egypt is currently characterized by the start of housing the first phase of fourth generation cities. There are quadro villas for sale in new capital including the New Administrative Capital and several other cities such as New Mansoura, East Port Said, New Alamein, and Galala. These cities are among the best new cities in Egypt, which reflects the activity of the real estate sector.
Dr. Ahmed Shalaby, a real estate developer, indicated that real estate price expectations in Egypt will not witness a significant increase at the present time. This is due to the presence of positive indicators that directly affect price levels, such as the rise in the price of the dollar, the decline in the prices of building materials, and the decline in the inflation rate.
It remains for Shalabi to talk about the slight increase in prices, as he points out that it is a result of the increase in labor wages and the rate of insurance for companies, in addition to the risks facing real estate development companies. It is noted that what is built today will not be delivered until 3 to 4 years later, and this is a decisive factor in determining the pricing of real estate.
Real estate companies in Egypt are currently offering great facilities, keeping real estate prices at an increase rate ranging between 5 to 10 percent. Despite the current challenges in the market, such as the decline in the prices of building materials and the value of the dollar against the Egyptian pound, the positive side is evident in the provision of loans from the Central Bank and facilities from real estate companies to clients. This represents a great opportunity for those wishing to obtain housing units that suit their financial capabilities. quadro villas for sale in new capital
quadro villas for sale in new capital
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