Noor New Capital apartment for resale

2 Bedrooms Apartment for Sale in Noor New Capital

2    2
Reference: GB70953
EGP 3,360,000
Category:
Apartments / Sale
Type:
Flat+Garden
Price:
EGP 3,360,000 Installment
Price / Sqm:
EGP 27,540 Per Sqm
Finishing Status:
Super Lux
Area:
122 M2
No of Floors:
Bedrooms:
2
Bathrooms:
2
View:
Garden
Price:
EGP 3,360,000
Down Payment:
EGP 545,000
Delivery Date:
2026
Allowable height:
Last Updated:
Mon 22 May 2023

Noor New Capital is a new city located in the desert of Egypt, approximately 25 kilometers east of Cairo. It is a planned city that is being built from scratch and is expected to become the new administrative and economic capital of Egypt.

The project was announced in 2017 by the Egyptian government and is being implemented by the New Urban Communities Authority and the Ministry of Housing. It is expected to be completed by 2022 and will span an area of 40,000 acres.

The city will be divided into five different districts, which will include residential, commercial, industrial, educational, and recreational areas. It will also feature a variety of amenities, such as shopping malls, hotels, hospitals, and universities.

The project is estimated to cost around $45 billion and will be funded by private investments, international aid, and the Egyptian government. It is expected to create over two million jobs, both directly and indirectly.

Noor New Capital is expected to become a major hub for business and commerce, as well as a destination for tourists. It is also expected to reduce the population pressure on Cairo, which is one of the most densely populated cities in the world.

The project has been met with some criticism, however, due to its high cost and potential environmental impacts. Critics have also raised concerns about the displacement of local communities, as well as the potential for corruption and mismanagement.

Despite these criticisms, Noor New Capital is expected to be a major success for Egypt and could become a model for other countries looking to develop their own cities from scratch.


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