Ready to move apartment for sale in 6 October Sun Capital

3 Bedrooms Apartment for Sale in Sun Capital 6 October

3    3
Reference: GB54084
EGP 4,655,000
Category:
Apartments / Sale
Type:
Flat+Garden
Price:
EGP 4,655,000 Cash
Price / Sqm:
EGP 35,000 Per Sqm
Area:
133 M2
Floor No.:
Ground Floor
No of Floors:
Bedrooms:
3
Bathrooms:
3
View:
Landscape
Year Built:
2023
Allowable height:
Last Updated:
Thu 11 May 2023

As a lawyer, it is my duty to provide accurate and reliable information to the public about the Sun Capital development in Egypt. In this article, I will discuss what we know so far about Sun Capital and its potential impact.

Sun Capital is a large-scale residential and commercial development located in the 6th of October City area of Egypt, which is a satellite city of Cairo. The project is being developed by Arabia Holding, a leading Egyptian real estate company, in partnership with the Saudi Arabian-based Al-Tamimi Group. The project is valued at $2.7 billion and will cover an area of 557 acres.

The development will include more than 30,000 housing units, as well as a range of commercial and recreational facilities. It is expected to be completed by 2023 and will provide housing for up to 135,000 people.

Sun Capital has been highly anticipated as a source of economic growth and job creation in Egypt, with its developers touting its potential to attract foreign investment and support domestic businesses. The development is also expected to provide much-needed affordable housing to the growing population of Cairo.

However, the project has faced some criticism from environmental and human rights groups, who argue that it could lead to the displacement of local communities and harm the region's fragile ecosystem.

Furthermore, concerns have been raised about the financing of the project, with critics questioning whether the developers will be able to secure the necessary funding in light of Egypt's challenging economic climate.

As a lawyer, I believe it is important for all stakeholders to carefully consider the potential benefits and drawbacks of such a large-scale development. It is crucial for the developers to comply with all legal and environmental regulations, as well as to address any concerns raised by local communities and civil society groups.

Ultimately, the success of Sun Capital will depend on its ability to provide affordable housing and support economic growth, while ensuring that the rights and interests of all stakeholders are respected. As the project moves forward, it will be essential for all parties to work together to ensure that these goals are met.