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All you need to know about: New Cairo

All you need to know about: New Cairo

City Developer:
New Urban Communities Authority
Location: Covering an area of about 70,000 acres on the southeastern edge of Cairo Government, 25 kilometers (15 mins) from Maadi, and 10 Km from Nasr City. It was established in the year 2000.

Overview:

New Cairo is deemed as one of the biggest new communities in Greater Cairo, the city is well known for its gated communities. It is now estimated that New Cairo will eventually house a population of over five million people.
The City is developed with international-standard facilities:

1- Headquarters of several multinational companies such as Schneider Electric, Italy’s oil, and gas producer Edison.
2- A home for prestigious private universities such as the American University in Cairo (AUC), the German University in Cairo (GUC), the Canadian International College (CIC), and Future University in Egypt (FUE).
3- Number of high ranking international schools also stand in New Cairo such as the Modern English School (MES), New Cairo British International School, and Green Heights International School.
4- Commercial Venues and Hangout Spots: Cairo Festival City by Al Futtaim Group, as well as beautiful venues and massive malls such as Downtown Katameya Mall, Porto Cairo, the Seven Stars Malls, and Meeting Point.

Developers and Projects:

  • Mivida developed by: Emaar Misr.
  • Cairo Festival City New Cairo by: Al-Futtaim Group Real Estate Egypt.
  • SODIC East New Cairo by: SODIC Egypt.
  • La Fontaine Province by: ARCO Egypt.
  • Mountain View (1,2, icity) by: DMG Egypt.
  • Capital Gate New Cairo by: Al Marasem Development Egypt.
  • Hyde Park Business District New Cairo by: Hyde Park Egypt.
  • Fifth Square Al Marasem New Cairo by: Al Marasem Development.
  • Address East New Cairo by: Dorra Group Egypt.
  • Galleria sand Galleria moon valley by: Arabia Holding Egypt.
  • Park View, Swan lake by: Hassan Allam Properties Egypt.
  • The Village Gate New Cairo by: Palm Hills Egypt.
  • Eastown by SODIC Egypt.
  • Trio Gardens New Cairo by: M2 Developments Egypt.
  • Villette by: SODIC Egypt.
  • Layan by: Landmark Sabbour Development Egypt.
  • Lake View Residence New Cairo by: El Hazek Egypt.
  • Palm Hills New Cairo by: Palm Hills Development.
  • Alburouj by: Capital Group Properties.
  • Mountain View by: Mountain View Development.
  • Midtown New Cairo by: Better Home Group.
  • 90 Avenue New Cairo by: TABARAK holding.
  • Porto Cairo by: Amer Group.
  • Patio by: LA VISTA Developments.
  • Waterway Compound by: EQUITY Real Estate.
  • The Square New Cairo by: Al Ahly For Real Estate Development Egypt.
  • District 5 New Cairo by: Marakez Egypt.
  • Taj City New Cairo by: Madinet Nasr for Housing & Development.
  • Capital Garden New Cairo by: Palm Hills Egypt.
  • Sarai New Cairo by: Madinet Nasr for Housing & Development.

and a lot more...

The Future of The City:

New Cairo is also seen the fastest growing area for retail developments associated with residential expansions. Demand for real estate in New Cairo has been very high, with prices per meter for apartments reaching 30,000 Egyptian Pounds.
The New Cairo Administrative Capital is also expected to draw additional investments to New Cairo as real estate developers are eager to participate in the new projects. Most investments in 2017 were mainly directed towards first homes in new cities in east Cairo especially New Cairo and the New Administrative Capital.

Conclusion:

New Cairo is considered as one of the top ranked among other urban communities in terms of development, population density, and one the most desired locations for elite communities and remains as one of the most preferred locations for developers.