The City compound apartment for sale in New Capital

3 Bedrooms Apartment for Sale in The City New Capital

3    2
Reference: GB138572
EGP 1,655,500
Category:
Apartments / Sale
Type:
Flat
Price:
EGP 1,655,500 Installment
Price / Sqm:
EGP 10,477 Per Sqm
Finishing Status:
Semi Finished
Area:
158 M2
No of Floors:
Bedrooms:
3
Bathrooms:
2
View:
Land Space
Price:
EGP 1,655,500
Down Payment:
EGP 765,000
Year Built:
6
Allowable height:
Last Updated:
Tue 23 May 2023

The City New Capital Egypt is a massive and ambitious project aimed at creating a new administrative capital for Egypt. The compound is planned to be located east of Cairo, covering an area of around 700 square kilometers. The project is expected to take several years to complete and will involve the construction of a wide range of facilities, including government buildings, residential areas, commercial centers, and parks.

The City New Capital Egypt is being developed to address the current overcrowding and congestion in Cairo, which is currently the largest city in Africa and the Middle East. The project is also aimed at attracting foreign investment and boosting the country's economy by creating new job opportunities and stimulating growth in various sectors.

The compound will feature a mix of modern and traditional architecture, with most buildings designed to be energy-efficient and sustainable. The city will be equipped with state-of-the-art infrastructure, including transportation systems, water and waste management systems, and advanced telecommunications networks.

One of the key features of The City New Capital Egypt will be its focus on green spaces. The compound will feature several large parks, including a 10,000-acre park that will be one of the largest in the world. There are also plans to create a "green river" running through the heart of the city, which will provide a natural oasis in the middle of the urban landscape.

The project is being overseen by the Egyptian government, with several international companies involved in the development process. The expected cost of the project is estimated to be around $45 billion, with much of the funding coming from foreign investors.

Despite its ambitious scope, The City New Capital Egypt has faced some criticism from local residents and environmentalists. Some have expressed concerns about the displacement of local communities and the potential impact on the environment. However, the Egyptian government has emphasized that the project will be carried out with sensitivity to the needs of local communities and the environment.

Overall, The City New Capital Egypt is a major undertaking that could have a significant impact on the future of Egypt. If successful, it could provide a model for other countries looking to create sustainable, modern cities that can address the challenges of urbanization and economic growth.