At a time when it is believed that the real estate sector in Egypt is heading towards a major crisis, many investors and real estate developers have proven otherwise.
The year 2018 has witnessed a significant increase in the number of residential projects being developed. However, the delivery dates of those projects are extended to the year 2022.
The new projects are launched at different locations and with a variety of prices and payment methods that are suitable for both; families and youth.
Residential Projects on Coastal Areas
City Edge Developments launched the most expensive residential projects in 2018 in unique new cities as follows:
Zahia New Mansoura: It is a distinctive compound in the new capital of Delta with services provided by top development companies “Hassan Allam” and “Orascom”.
North Edge Towers: It is the first residential tower in the New Alamein City, and it turns North Coast into an all-year residential spot with a lavish lifestyle for its residents.
New Capital City Projects
New capital city – representing one of the best investment opportunities – has witnessed the launch of many residential projects in 2018.
The new city has a bright future with lots of promising projects like:
The Capital Way, Celia – one of the best projects of Talaat Moustafa – Scenario, The City of Odyssia, OIA, Capital Heights, Heaven Hills, The City Valley and The City.
The price per meter in the new capital compounds range from 7,500 LE per meter to 14,500 LE per meter.
New Cairo Projects
New Cairo is still tops the list of the most sought-after area among the new cities and the successful residential projects developed in 2018 strengthens its position in the market, such as Fifth Square, HAPTown in Mostakbal City and Neopolis Wadi Degla.
To find out all the details about those projects and more, check: Find The Top 30 Compounds in New Cairo
6th of October and Sheikh Zayed Projects
The rate of construction of new projects highly increased in 6th of October city in 2018. The most remarkable of these projects were: “Genova Zayed” in Sheikh Zayed, “Trillium”, “Sun Capital”, “Rock Eden”, “Kenz”, “Badia West” – the latest Palm Hills projects – “Havana Hills” in October Gardens (with cheapest price per meter).
Know everything about the best compounds in 6th of October here:
Find The Best Compounds in 6 October City Egypt
After learning about the latest residential developments in 2018, let’s break them down to the the most demanded according to the report by Propertyfinder.eg.
Sun Capital 6 October
Sun Capital is one of the most prominent residential compounds in 6th of October, with 26% of overall demand on new projects.
It is one of the newest developments of Arabia Holding after the success of Galleria Moon Valley in the 5th settlement.
Badya West 6 October
Badya West is the first smart city in the 6th of October City and one of the most remarkable Palm Hills projects.
The residential compound represents 17% of the demand on new projects in Egypt 2018.
Havana Hills October Gardens
Located in the most beautiful areas in October Gardens and provides a luxurious life with the lowest price per meter, accounting for 11% of the demand for new projects.
The City New Capital
It Is one of the master projects in New Capital and provides the best services and latest designs at the most appropriate prices. The demand for The city is 9%.
OIA New Capital
It is an island in new capital surrounded by lakes from every side and includes all entertainment and service facilities. The demand for the Compound represents 8%.
The City of Odyssia
The City of Odyssia offers a unique lifestyle experience in the Future city and it is ranked as the #1 city in the world and accounts for 8% of the demand for new projects.
Mountain Plaza Mokattam
The compound has a strategic location in the heart of Cairo, one of Next Home’s real estate development projects. The demand for Mountain Plaza is 7%.
Liberty Village New Capital
One of the most prestigious residential developments in the new capital and one of the most important projects of Novus Stanza among other hotels and residential projects such as Riviera Heights, Golden Heights and Golden Towers, the demand on Liberty Village is 5%.
Fifth Square New Cairo
The latest project of Al Marasem Company, which established the famous Marassi Resort, Mivida and Eastown compounds. The demand on Fifth Square is 5%
It offers Italian designs and exceptional services in the best location in Sheikh Zayed at affordable prices, the demand for Genova Zayed is 4%.