As an attorney, I can provide an overview of Al Jazi New Cairo, a real estate development project currently underway in Egypt.
Al Jazi New Cairo is a large-scale residential complex located in the heart of New Cairo, a rapidly growing city on the outskirts of Cairo, Egypt. The project is being developed by Al Jazi Egypt, a subsidiary of Kuwaiti-owned real estate company Alargan.
The development will comprise of 114 residential buildings, 6 office buildings, and a commercial area. The residential buildings will include around 2,200 apartments ranging from one to four bedrooms, while the commercial area will feature a variety of retail and dining options.
- A gated community with 24-hour security and surveillance cameras
- A clubhouse with a gym, swimming pool, and other amenities for residents
- A landscaped central park spanning over 60,000 square meters
- Underground parking for residents
The project is designed by renowned architecture firm Skidmore, Owings & Merrill, and is being constructed by local contractor Al Rajhi Building Solutions.
Al Jazi New Cairo is expected to be completed in phases, with the first phase set to be delivered in 2021. The development is aimed at middle-income Egyptians and is expected to provide affordable housing options in a desirable location.
However, as with any real estate development project, there may be legal considerations that potential buyers should be aware of. It is important to conduct due diligence and seek legal advice before investing in any such project to ensure that all legal aspects are properly addressed and evaluated.
In conclusion, the Al Jazi New Cairo project represents a major real estate development initiative in Egypt, offering new and affordable housing options for middle-income Egyptians. However, potential investors and buyers should conduct thorough research and seek legal advice to ensure that their investments are secure and legally compliant. As an attorney, I recommend that any potential buyer should always seek legal advice before proceeding with any real estate transactions.