Waterway West El Sheikh Zayed

Waterway West El Sheikh Zayed: the three-bedroom instalment is lower than the two-bedroom's

Waterway West El Sheikh Zayed is a residential compound by The Waterway Developments on 47 feddans in Sheikh Zayed. The project comes in four apartment sizes: from an 87 m² one-bedroom at EGP 10,000,000 to a 232 m² four-bedroom at 25,520,000, with handover in September 2030.

The price per metre is about the same for every apartment, around 110,000. But the payment plan differs from one apartment to another: 5% down over 7 years, or 10% down over 9 years. The odd result is that the three-bedroom's monthly instalment is lower than the two-bedroom's. Let us see how.

Who is Waterway West for?

A single person or an investor

An 87 m² one-bedroom at 10 million, with an instalment of about 83,300 a month over 9 years.

A family wanting three bedrooms

A 185 m² apartment at 20.35 million, with an instalment lower than the two-bedroom's.

A large family

A 232 m² four-bedroom apartment at 25.52 million, a rare size for an apartment in Zayed.

Someone who wants to live in old Zayed

The compound is inside Sheikh Zayed, close to its services and roads.

The four apartments and each one's plan

• One-bedroom: 87 m² at 10,000,000, 10% down over 9 years.
• Two-bedroom: 140 m² at 15,400,000, 5% down over 7 years.
• Three-bedroom: 185 m² at 20,350,000, 10% down over 9 years.
• Four-bedroom: 232 m² at 25,520,000, 5% down over 7 years.

Two bedrooms or three? The instalment says something odd

The two-bedroom's instalment is about 174,200 a month, because its term is only 7 years. The three-bedroom's is about 169,600, because its term is 9 years. So the apartment that is 45 m² larger with an extra room has a lower monthly instalment.

The difference is that the three-bedroom's deposit is larger: 2,035,000 against 770,000 for the two-bedroom. So if you have about 2 million in cash, the three-bedroom gives you more space for a lower instalment. If you have under a million, the two-bedroom is the one within reach.

5% or 10% down: how to choose

Here the plan is tied to the apartment itself, so choosing the apartment sets the plan. If what limits you is the cash you have today, the two- and four-bedroom need only 5% down. If what limits you is the monthly instalment, the one- and three-bedroom run over 9 years so their instalments are lighter. So work out both: how much cash you have, and how much you can pay each month for years, then pick the apartment whose two figures suit you.

One price per metre: what does it mean?

In most projects a large apartment costs less per metre than a small one. Here the two-, three- and four-bedrooms are all about 110,000 per m², with only the one-bedroom slightly dearer at about 114,900. So there is no discount for size; buy exactly the space you need, because you pay full price for every extra metre.

The one-bedroom for investment

An 87 m² one-bedroom at 10 million, with a million down and an instalment of about 83,300 over 9 years. It is the easiest way into the project, and small apartments in Zayed have rental demand from employees and young couples. But handover is in 2030, so rent will not start before then, and you will pay about 4 years of instalments with no income.

A 232 m² four-bedroom: who is it for?

An apartment this size is rare in Zayed and suits a family with three or more children, or a family wanting a permanent guest room. With only 5% down, about 1.28 million, you get into a large apartment. But the monthly instalment is high because the term is 7 years, so make sure your income can carry it.

What income does the instalment suit?

If the instalment is to stay under a third of household income:

• One-bedroom: an instalment of about 83,300, so an income of around 250,000.
• Two-bedroom: an instalment of about 174,200, so an income of around 523,000.
• Three-bedroom: an instalment of about 169,600, so an income of around 509,000.
• Four-bedroom: EGP 1,276,000 down and an instalment of about 288,600, so an income of around 866,000.

These are approximate and before any increases; the details are under payment plans.

Waterway West against its neighbours

Using the price per m² of the cheapest apartment in nearby projects:

• Village West: less than a kilometre away, about 100,500.
• Al Karma Kay: about 100,600.
• KAIA: about 91,100.
• The Harv: about 60,800.
• Belva: about 49,400.

Waterway West is about 10% dearer per metre than Village West and Al Karma Kay, and much dearer than The Harv and Belva. So you pay for the developer's name and the small, quiet compound; compare the services and finishing before deciding.

Handover in 2030: buy now?

Handover is about four years away and instalments run 7 to 9 years, so a large share of the instalments comes before you move in. If you rent now, count rent and instalment together for that period. If you need to move soon, look for something ready in Zayed.

Old Zayed or New Zayed?

The compound is inside Sheikh Zayed itself, not New Zayed. So schools, hospitals and malls have been running around you for years, and any service is a short trip away. New Zayed is usually cheaper per metre, but its services are still filling in. So if your children are in Zayed's schools or you work inside the city, this location saves you time every day.

A small compound in Zayed

47 feddans is relatively small, which means a quiet compound, fewer residents and short walks inside. There is a commercial and administrative area separate from the homes, so commercial traffic will not reach your building. The drawback is that a small compound has fewer internal services than large ones, so you will rely on Zayed's services outside.

The location: Sheikh Zayed

The compound is in Sheikh Zayed, reached by the 26th of July axis, the Cairo–Alexandria desert road, the Wahat road and the Dahshur link. Hyper One and Sheikh Zayed Central Hospital are nearby, and its neighbours include Village West and Al Karma Kay. See it under location, or browse the other projects on the Sheikh Zayed page.

Who is The Waterway?

The Waterway Developments also has The Waterway New Cairo and, on the coast, The Waterway North Coast. To know its work, ask about its delivered projects and visit them yourself, and ask residents there about build quality, maintenance and compound management.

Things to know before you book

• Ask what is available today in the size and floor that suit you.
• Ask about each apartment's payment plan, because it differs and changes the instalment.
• Make sure the handover date is in the contract, and ask about the penalty if it slips.
• Ask about each apartment's floor and view, and the building's position relative to the commercial area.
• The finishing level is not recorded with us, so ask about it and get it in writing.
• Read the pros and cons and the amenities above.

Your next step

Compare the apartments under available units, and turn to the FAQs for any question.

If you want to know what is available today and each apartment's plan, message Masharf on WhatsApp from the button on this page, and we will send you a written offer with the deposit, instalment and handover date for each apartment.