EGP10,981,000
3 Bedrooms
3 Bathrooms
2,390 sqft / 222 sqm
APARTMENT FOR SALE IN NEW GARDEN CITY, NEW CAPITAL COMPOUNDSHello. It seems you have received a promotional offer for the New Garden project in the New Administrative Capital. Let me clarify some important points to help you evaluate this "investment opportunity" objectively.
First: Analysis of the Numbers Mentioned
Apartment area: 222 sqm
Total price: 10,981,000 EGP (approx. 11 million EGP)
Price per sqm: approx. 49,500 EGP/sqm
Required down payment (1.5%): approx. 164,715 EGP only
Very important note: A 1.5% down payment is extremely low compared to the market standard (typically 5%–15%). This is unusual and could mean one of two things:
The offer is just promotional or a teaser to attract bookings.
There may be many frequent and close-together installments later.
Second: Location Analysis of "New Garden"
Proximity to the CBD (Central Business District): This is a very strong advantage, as it increases rental demand and future property value.
Proximity to the "Green River": This is also an excellent feature, as units overlooking green spaces sell faster and at higher prices.
Third: Critical Warnings & Questions Before Buying
Before you pay any down payment, you must verify the following:
Who is the developer? The name "City Edge" is mentioned. Confirm whether it is actually City Edge Developments (a reputable government-owned company) or another company using the name commercially. If it's City Edge, that's a good sign.
Installment plan in detail: "Longest possible period" is not a clear number. Ask: How many years? Monthly or quarterly installments? Is there an annual price escalation?
Delivery date: Is the apartment ready for immediate handover or will it be delivered after 3–5 years? The very low down payment might indicate a long delivery timeline.
Contract & finishing specifications: "Ultra super luxe with French design" is marketing language. Request a detailed finishing schedule (flooring, walls, plumbing, electricity, kitchen, bathrooms).
My Final Advice
If the developer is City Edge (government-owned): This is
Prime Apartment 222m Finished RTM D.1.5%Installmen
First: Analysis of the Numbers Mentioned
Apartment area: 222 sqm
Total price: 10,981,000 EGP (approx. 11 million EGP)
Price per sqm: approx. 49,500 EGP/sqm
Required down payment (1.5%): approx. 164,715 EGP only
Very important note: A 1.5% down payment is extremely low compared to the market standard (typically 5%–15%). This is unusual and could mean one of two things:
The offer is just promotional or a teaser to attract bookings.
There may be many frequent and close-together installments later.
Second: Location Analysis of "New Garden"
Proximity to the CBD (Central Business District): This is a very strong advantage, as it increases rental demand and future property value.
Proximity to the "Green River": This is also an excellent feature, as units overlooking green spaces sell faster and at higher prices.
Third: Critical Warnings & Questions Before Buying
Before you pay any down payment, you must verify the following:
Who is the developer? The name "City Edge" is mentioned. Confirm whether it is actually City Edge Developments (a reputable government-owned company) or another company using the name commercially. If it's City Edge, that's a good sign.
Installment plan in detail: "Longest possible period" is not a clear number. Ask: How many years? Monthly or quarterly installments? Is there an annual price escalation?
Delivery date: Is the apartment ready for immediate handover or will it be delivered after 3–5 years? The very low down payment might indicate a long delivery timeline.
Contract & finishing specifications: "Ultra super luxe with French design" is marketing language. Request a detailed finishing schedule (flooring, walls, plumbing, electricity, kitchen, bathrooms).
My Final Advice
If the developer is City Edge (government-owned): This is
Property details
Property Type
Apartment
Property Size
2,390 sqft / 222 sqm
Bedrooms
3
Bathrooms
3
Available from
11 Apr 2026
Amenities
Unfurnished
Covered Parking
Central A/C
Built in Wardrobes
Balcony
Kitchen Appliances
Private Pool
Shared Pool
Study
View of Water
Location
Price Insights
This property costs 96% more than the average price of 3 bedroom in Cairo
Average Sale Price is 5,612,042 EGP
This property is 41% bigger than the average size of 3 bedroom in Cairo
Average size is 158 sqm
The data displayed is based on average prices and sizes of all listings that were live on Property Finder in Cairo
Provided by
Eslam Araby
Regulatory information
Regulatory information
Reference
46NQN74R49DR139V8B0TNM54YR
Listed
3 hours ago
Recommended for you
Payment method
Cash or Installments
Down payment
164,000 EGP