As the population of Egypt continues to grow, so does the demand for affordable and high-quality residential areas. New Cairo, a city located east of Cairo, is one of the most promising areas to invest in due to its growing population and abundant investment opportunities.
One of the most notable developments in New Cairo is iCity. Developed by the renowned Real Estate Investment and Development (REID) group, iCity offers an ideal living environment with innovative residential units that cater to all needs and preferences.
iCity provides a range of options, from cozy apartments to luxurious villas, with modern designs that prioritize functionality and aesthetics. In addition, it offers various amenities that complement the residents’ lifestyles, including a shopping mall, a sports club, and multiple swimming pools.
Investors can benefit from iCity’s strategic location, which offers easy access to important landmarks in Cairo, including the Cairo International Airport and the New Administrative Capital. Moreover, the project is located near the Ring Road, making it a more accessible and convenient living environment.
Investing in iCity could yield higher returns due to the growing demand for residential properties. Since 2014, the price per square meter has increased by 15-20%, indicating that the market is increasingly competitive and profitable. Additionally, iCity’s units can be leased out to generate a passive income, making it an excellent choice for those who want to diversify their investment portfolio.
In conclusion, iCity New Cairo is an excellent opportunity for those who are seeking quality living and investment opportunities in Egypt. With its innovative designs, amenities, and strategic location, iCity is well-positioned to grow and thrive in the coming years.