City Gate Compound New Cairo

City Gate Compound New Cairo: apartments priced below their neighbours

City Gate Compound New Cairo is a project by Qatari Diar on 8 million m² between New Cairo and the New Administrative Capital. The lowest-priced unit is a 107 m² two-bedroom apartment at EGP 11,220,000; every unit needs 5% down, apartments run over 10 years and villas and offices over 8, and handover is in 2030.

City Gate is the size of a city, with apartments, villas on a golf course and a business district. What stands out is that the apartments here cost about 105,000 per m², far below the large compounds around them, while the villas are mid-market. So let us see who benefits from that gap.

City Gate comes in 3 phases

The developer's offer is spread across 3 phases, each with its own product:

• Sapphire Residence: the apartments, two and three bedrooms, fully finished, over 10 years.
• Jade Hills: the 5- and 6-bedroom villas, over 8 years.
• Level Business District: the offices, over 8 years.

Who buys at City Gate?

A family that wants three bedrooms in New Cairo on a reasonable budget

The three-bedroom from 138 m² costs 14,610,000 and is fully finished. That is a low price for three finished bedrooms in a compound of this size in New Cairo.

A couple or an investor wanting a two-bedroom

The two-bedroom from 107 m² costs 11.22 million with a deposit of EGP 561,000, and it is finished, so it can be let from handover day.

A large family that wants a villa on the golf course

5-bedroom villas from 356 to 714 m² and a 423 m² 6-bedroom villa. That is a completely different price category.

A business owner wanting an office

Offices from 108 to 192 m² in the business district, from about 18 million.

Two bedrooms or three?

• Two bedrooms: from 107 m² at 11,220,000 up to 116 m² at 11,740,000. About 104,900 per m².
• Three bedrooms: from 138 m² at 14,610,000 up to 160 m² at 17,480,000. About 105,900 per m².

The price per metre is almost the same in both, so the whole difference is space. From the widest two-bedroom to the smallest three-bedroom you pay about 2.87 million for 22 m² and an extra room. If you have children or plan to grow the family, that extra room is cheaper today than moving later.

5-bedroom or 6-bedroom villa?

The lowest-priced 5-bedroom villa is 356 m² at 68,930,000, about 193,600 per m². The 6-bedroom villa is 423 m² at 75,260,000, about 177,900 per m². So 6.33 million more gets you 67 m² and another room, about 94,500 per extra metre, roughly half the villa's price per metre.

The 5-bedroom villas go up to 714 m² at 182,420,000, which is another level entirely. If you are looking for a large villa with a budget around 70 million, the 6-bedroom gives the most for the money in Jade Hills.

Offices in Level Business District

Offices run from 108 m² at 17,960,000 to 192 m² at 32,530,000, about 166,300 per m², with 5% down over 8 years. Against the area: El Patio Oro about 175,000, Ivoire East about 177,500, FCC about 152,800 and Solay about 124,900.

So the office here is mid-market. The difference is that it is a large space from 108 m², not a small office, which suits a company needing a headquarters rather than an investor looking for a small unit to let.

What income does the instalment suit?

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

• Two-bedroom apartment: an instalment of about 88,800 a month over 10 years, so an income of around 266,000.
• Three-bedroom apartment: EGP 730,500 down and an instalment of about 115,700, so an income of around 347,000.
• 5-bedroom villa: EGP 3,446,500 down and an instalment of about 682,000 over 8 years, so an income of around 2.05 million.

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

City Gate against its neighbours

Using the price per m² of the lowest-priced unit of the same type in nearby projects:

• Apartments: City Gate about 104,900, Villette about 176,400, ZED East about 136,000, Mountain View Hyde Park about 98,200 and El Patio Oro about 88,400.
• Villas: City Gate from about 177,900, ZED East about 228,000, Hyde Park about 217,700 and El Patio Hills about 141,300.

The apartments here are much cheaper than Villette and ZED East, and close to Mountain View Hyde Park. So if you want a finished apartment in a large compound in New Cairo, City Gate is priced low for this level. The villas are priced below ZED East and Hyde Park, and above El Patio Hills.

City Gate for investment: is it worth it?

Buying here to let later is a bet on two things:

• The entry price: the apartment's square metre is clearly below the large compounds around it, so if the area fills up and the project's services start running, that gap may narrow in your favour.
• The business district inside the project: offices in the same city mean employees needing homes nearby, a ready rental market for the small apartments.
• Finishing: the apartments are delivered finished, so rent starts without large fitting-out costs.

The risk is that a city-sized project is built in phases and its services are completed over years. So the return here is for the patient, not for someone who wants rent next year.

Buy now or wait?

Handover is about four years away, and apartment instalments run for 10 years. So you will pay instalments for a while without living there, and if you rent, alongside your rent. That suits someone settled in their home and planning a move years from now, not someone who needs to move within a year or two.

The location: between New Cairo and the capital

City Gate is in New Cairo at the point linking it to the New Administrative Capital, with the Ain Sokhna road, 90th Street, the Ring Road, the Cairo–Suez road and the Mohamed Bin Zayed road around it. Its neighbours include ZED East, Mountain View Hyde Park and El Patio Hills. If your work may move to the capital, this location puts you in the middle. See it under location, or browse the other projects on the New Cairo page.

Who is Qatari Diar?

Qatari Diar is a Qatari real estate developer whose projects in Egypt include City Gate and Alam Al Roum on the North Coast. So the company is focused on two large projects rather than dozens of small ones. Since the project is still being built, ask which phases have actually been handed over and the timetable for each phase, and see the site for yourself before signing.

Things to know before you book

• Handover is about four years away, so if you need to move soon, look for something ready.
• The apartments are listed as fully finished, but the finishing of the villas and offices is not stated, so ask about it.
• Before visiting, send the developer the type and size you want and ask what is on sale.
• Read the pros and cons and the amenities above.

Your next step

Look at the apartments and villas under available units, and turn to the FAQs for any question.

If you want to know what is available today in apartments or villas, 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.