The Waterway New Cairo

The Waterway New Cairo: a 170 m² two-bedroom apartment handed over in December

The Waterway New Cairo is a residential project by The Waterway Developments in North Investors, a built compound with water features and greenery and a commercial strip beside it. The developer is offering a 170 m² two-bedroom apartment at EGP 23,375,000, with 30% down, 4 years of instalments and handover in December 2026.

So this is about one apartment handed over in about two months, in a lived-in and well-known New Cairo compound. The question is whether this apartment is worth its price and plan, or whether there is a better alternative from the same developer or its neighbours.

Who does this apartment suit?

Someone who wants to move in within two months

Handover is next December, so you move in around the new year and stop paying rent early.

A couple or small family wanting space

Two bedrooms on 170 m² is a very generous size for two bedrooms, with room for a study or a wide, comfortable reception.

Someone with plenty of cash

The deposit is about 7 million, with the rest over only 4 years, a plan for someone with liquidity who does not want a long instalment term.

Someone working in New Cairo or Heliopolis

North Investors is close to 90th Street and the Suez road, so the trip in both directions is reasonable.

The sums

• Price: 23,375,000, about 137,500 per m².
• Deposit: EGP 7,012,500.
• The balance: 16,362,500 over 4 years, an instalment of about 340,900 a month.
• Income needed: if the instalment is to stay under a third of household income, about 1.02 million a month.

A heavy plan because the apartment is almost ready, so ask about the cash price. These are approximate and before any increases; the details are under payment plans.

Ready here, or in a year and a half from the same developer?

• The Waterway New Cairo: a 170 m² two-bedroom at 23.375 million, handed over December, 30% down over 4 years.
• The View Waterway: a two-bedroom from 139 m² at 22.25 million, handed over March 2028, 10% down over 9 years.
• W signature: a three-bedroom from 156 m² at 17.43 million, handed over March 2028, 10% down over 7 years.

The apartment here is 31 m² larger than The View's two-bedroom, only about 1.1 million dearer, and handed over a year and a quarter earlier, saving you rent for that whole period. W signature gives you three bedrooms for 6 million less, but a year and a quarter later. So the real difference is the plan: 30% over 4 years here, against 10% and a much longer term there. If you have the cash and want to move in now, this apartment. If cash is short, the other two are more comfortable.

Two bedrooms on 170 m²: how to use it

170 m² for two bedrooms is generous, larger than The View's two-bedrooms, which start at 139 m². So you have extra space you can turn into a study, or keep as a very wide reception. And if the family grows, a simple partition might gain you a third room, so ask about that before buying.

Against the area's apartments

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

• Chess Field: less than a kilometre away, about 171,300.
• The Ark: about 161,900.
• The Waterway: about 137,500.
• W signature: about 111,700.
• Avelin: about 78,200.

The apartment here is cheaper than Chess Field and The Ark, and dearer than W signature and Avelin. Its advantage is that it is in a lived-in compound and handed over in two months, while most of its neighbours are still off-plan.

30% down over 4 years: the cash you need

The deposit is about 7 million, and with handover in December you will also need the maintenance deposit and the cost of finishing or furnishing depending on the apartment's condition. So the cash you pay out in the first months may be much more than the deposit. Work out the total before signing, and compare it with what you actually have.

Water features: ask about the view

The compound is named after its water features, and a water view makes a difference to comfort and to resale price. So ask exactly what this apartment overlooks: water, greenery or another building. That affects whether this price makes sense.

Resale in the same compound

Because the compound is lived in, owners sell resale units. If this size or floor does not suit you, or if the apartment sells, you may find ready resale in other sizes. Resale is usually cash or short instalments, so compare its price and plan with this apartment.

A lived-in compound: what you gain

• You see before you pay: the compound, the neighbours and the services are in front of you, not a model.
• Working services: the commercial strip beside the compound keeps daily needs close.
• Saving rent: you move in straight away instead of paying rent and instalments together for years.

For investment

A large two-bedroom in North Investors can be let to employees or small families working in New Cairo. Because handover is close, rent starts within months. But with an instalment of about 341,000 a month, rent will probably not cover it all, so buying here is for someone with liquidity.

Handed over in December: what to do

• Inspection: see the apartment itself and note any finishing issue before the handover report.
• Maintenance deposit: ask how much it is, because it is paid at handover on top of the deposit.
• Finishing: its level is not recorded with us, so find out what you will receive and factor in any finishing cost.

North Investors: why it is sought after

North Investors is a built-up part of New Cairo, close to 90th Street and the Suez road, so the trip to Heliopolis and Nasr City is direct. The major universities are around it, which can help with letting to families and staff of the nearby universities and companies. Maadi is about 35 minutes away, so if your family or work is there, the trip is reasonable. So the location is an advantage when letting and when selling.

The location: North Investors

The compound is in North Investors, close to 90th Street, the Suez road, the Middle Ring Road, the Amal axis and the Gamal Abdel Nasser axis. The American, German, Canadian and Future universities are around it, Cairo Festival City is minutes away and the New Administrative Capital about 38 minutes. See it under location, or browse the other projects on the North Investors page.

Who is The Waterway?

The Waterway Developments builds it, and this compound is one of the clearest examples of its work, because it is lived in and you can see it and ask its residents about maintenance, management and services before deciding. It also has Triangle and Waterway West.

Things to know before you book

• Ask about the cash price, because the plan is heavy and the difference may be worth it.
• Ask about the floor and the exact water view.
• Make sure the handover date is in the contract, and ask about the maintenance deposit.
• The finishing level is not recorded with us, so ask about it and inspect it yourself before signing.
• Read the pros and cons and the amenities above.

Your next step

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

If you want to view the apartment, know the cash price or see resale in the compound, message Masharf on WhatsApp from the button on this page, and we will send you a written offer with the price, deposit and instalment, and arrange a viewing before handover.