KOR Project New Capital City

KOR Project New Capital City: a finished office in the business district at a lower metre than most neighbours

KOR Project New Capital City is by Arabia Holding in the New Capital; the source describes 7 towers of ground plus 20 floors around a large plaza, on 26 feddans in the business district, mixing residential, hotel, office and retail space. What the developer is selling now is fully finished administrative offices, with handover in October 2030.

The offices: from 55 m²

• Sizes: 55 up to 140 m².
• The smallest, 55 m², costs 7,205,000, about 131,000 a metre.
• Deposit 5% (360,250), with the balance over 8 years at roughly 71,300 a month.

KOR's metre against the offices around it

Just 300 metres away, Obex offices start near 139,800 a metre, Citadel about 147,900, 6ixty Three near 154,000 and Cairo Business Plaza about 185,000. The only cheaper one nearby is Paragon 2, near 120,700. So KOR has one of the lowest metres in the area, a gap you feel on a 55 m² office.

Why cheaper than Obex next door?

It can come from the finishing, the handover date, or the tower's position relative to the main axes. KOR is recorded as fully finished and handing over in 2030, so compare those points across projects before judging by the metre. If you need an office to work from soon, the wait matters; if you plan to let it, weigh the expected post-2030 rent against the instalment.

An office for a small firm, or an investment?

A finished 55 m² office fits a start-up or an accounting or law practice of four to six people, and being near the Government District can help a firm that deals with the ministries. Before treating it as an investment, ask about the service and maintenance charges, which run higher in office towers than in homes.

KOR New Capital City payment plans

The term is 8 years and handover is about 48 months away, so by the time you receive the office you will have paid more than half its price. The unit will be mostly paid before it starts earning, so keep cash for that stretch. Also ask whether offices can be split or combined, since larger companies may need adjoining units.

The towers and the plaza

Per the source, the seven towers ring a central plaza, with a hotel tower, shops, restaurants and cafés in the commercial towers, two underground parking levels and walking and running paths. Distances: the Regional Ring Road 8 minutes, the Capital's airport 20, the Sokhna Road 19 and the Suez Road 22. The KOR New Capital City master plan comes from Arabia Holding, which also has Moon Valley 2 and Moon Valley I in New Cairo.