Apartments 158m for sale in The City New Capital

3 Bedrooms Apartment for Sale in The City New Capital

3    2
Reference: GB94614
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, also known as the New Administrative Capital, is one of the most ambitious urban development projects in the Middle East. Situated about 45 km east of Cairo, it is designed to be the new seat of government and administrative hub of Egypt, accommodating millions of people in a modern, sustainable, and luxurious environment.

The project was launched in 2015 by the Egyptian government, with the aim of addressing the challenges facing Cairo such as overcrowding, traffic congestion, and pollution. The New Capital is expected to become one of the largest cities in Africa, covering an area of 700 square kilometers, with a planned population of 6.5 million people.

The City New Capital Egypt is a compound of public and private developments, including government buildings, ministries, presidential palaces, embassies, hotels, shopping malls, parks, and residential areas. One of the most significant features of the project is its smart city infrastructure, which relies on cutting-edge technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), and renewable energy sources.

The New Capital is designed to be a green city, with more than 20,000 hectares of parkland and green spaces, including the largest park in the Middle East, the Green River Park. The park runs through the entire city, featuring bicycle and jogging tracks, picnic areas, and cultural landmarks. The New Capital will also be home to a large solar power plant, which will generate up to 20% of the city's energy needs.

The City New Capital Egypt is expected to boost economic growth and attract foreign investment, with the government offering incentives and tax breaks to investors. Several multinational companies have already invested in the project, such as Chinese construction companies, who are building the city's infrastructure, and Saudi Arabian and Emirati developers, who are building luxury residential and commercial properties.

Despite the grand vision and huge investments, the New Capital has faced criticism and challenges. Some argue that the project is too expensive and that the government should focus on improving living conditions in existing cities, such as Cairo. Others express concerns about the displacement of local communities and the environmental impact of the project, including the potential depletion of water resources.

In conclusion, The City New Capital Egypt is a remarkable compound that seeks to address some of the most pressing issues facing Egypt. It is a project of unprecedented scale and vision, with the potential to become a shining example of sustainable urban development in the region. However, its success depends on overcoming the challenges and addressing the concerns of all stakeholders, including local residents, investors, and environmentalists.