Sale in Madinaty: for sale villa standalone 367m fully finished

Madinaty

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Madinaty
suburb

Madinaty is located in EgyptMadinatyMadinaty
Location in Egypt
Coordinates:
Country Egypt
Governorate Cairo Governorate
Time zone UTC+2 (EST)
Madinaty (Arabic: مدينتى Egyptian Arabic pronunciation: [mæˈdenti], "My City") is an 8000 acre real estate development project, in the New Cairo satellite city,[1] in the Eastern Area of Cairo, Egypt.[2]

Overview
The project is developed by the Arab Company for Projects and Urban Development SAE, a subsidiary of the EGX listed Talaat Mostafa Group Holding which is ultimately majority owned by the Egyptian Talaat Mostafa and the Saudi Bin Laden families.[1] The Master Planners are HHCP Design International, Inc. The landscape architects are the SWA group. Construction began in July 2006.

The contract by which the land was granted to the company was challenged in Egyptian courts. Egyptians were angered that the land had been sold below current market value to Talaat Mostafa Group during Mubarak's rule.[3]

Madinaty is being built over an area of 3,200 hectares (8,000 acres), with a total budget of LE 800 billion.[4]

In 2016, around 3900 residential units were sold in Madinaty by the Ministry of Housing.[5]

Madinaty has wide streets and the city is designed in terms of sub-compounds where each sub-compound has its facilities in terms of supermarkets, a mosque, an outpatient clinic, and public parks for children to play in and families.