A Roof Over Our Heads

A Roof Over Our Heads

Cityscape 2014 Showcases Homes for All Budgets

By Hilary Diack

Ask any real estate professional about their take on the current market, and odds on they will project a sizeable increase in prices over the coming period, attributable to rising land prices and construction costs. With that in mind Cairo West Magazine spent an interesting day at Cityscape 2014 to see what was on offer. A plus, finally public space, gardens and greenery, and shared leisure facilities seem to be integrated into most developments at all price levels these days, enhancing lifestyles for everyone.

Attractively Affordable

Not everyone wants to splash out on a large villa, tempting though it may be. Young couples starting out generally look for something more budget-friendly as a first home, and luckily developers have started coming up with attractively designed apartments to meet the ongoing demand. We liked these options, all under the 1 million EGP mark.

Al Montazah District

Developer: ERA Egypt

Location: All units have views to the surrounding landscape and green areas. Almontazah District is 15 minutes from El Remaya Square, behind El Ashgar District, Giza.

Unit sizes: Apartments of 80 m2, townhouses.

Prices: Starting from 142,000 EGP, townhouses from 267,000 EGP.

Payment terms: 35,000 EGP down payment, 1,300 EGP monthly instalment, 7 years payment facilities.

Amenities: Landscape and gardens, 24/7 security, integrated services area with hyper-market, cinemas and restaurants, mosque and kindergarten, regular maintenance services.

Delivery: Contact the developer.

Hotline: 19503

Website:  www.era-eg.com

Ashgar City

Developer: IGI

Location: Conveniently located in the 6th of October governorate, behind the successful Hay Al Ashgar compound, Ashgar City offers a peaceful setting.

Unit Sizes: Apartment sizes range from 111 m2 to 160 m2. On five levels with elevator service to all floors.

Prices: Prices start at 450,000 EGP.

Payment terms: 10% down payment, 10% contract (after 3 Months), 80% over 5 years (20 quarterly installments).

Amenities:  It is surrounded by parks and just a short walk from all shopping, dining and entertainment needs.

Delivery: Contact the developer.

Hotline: 16120

Website: www.igi-realestate.com

Florenta

Developer: Abraj Misr

Location: It is parallel to the Ring Road, Maadi Area, Autostrad Road and Salah Salem. Florenta is the first residential community in Egypt designed with Green Architecture technology. Florenta is equipped with solar energy units for lighting the roads, operating the elevators, in addition to a hot water network that reaches all the units and provides 40% of electricity consumption. Unit Sizes: Apartments from 105 – 175 m2, Duplexes from 220 – 350 m2.

Prices: Apartments from 425,000 EGP, Duplexes from 858,000 EGP.

Payment terms: 5% deposit, 10% on contract, remaining on 5 years.

Amenities: Kids’ club, Kids’ care center, outdoor pools, ladies lounge, play rooms, home theatre room, central satellite network, play courts, health club and green areas.

Delivery: Units are delivered with 5-year warranty on the finishing.

Hotline: 16290

Website: www.abraj-misr.com

Gladios Gardens Apartments

Developer: New Town Development Company S.A.E

Location: Built on a hill that overlooks the Pyramids and the new Egyptian Museum, it is off Cairo/Alexandria Desert Road.

Unit Sizes: Apartments, 132 – 290 m2

Prices: Starting from 460,000 EGP

Payment terms: 6 years payment facilities.

Amenities: 24/7 security, health care services, handy to shopping centers, sport and social club, restaurants and cafes.

Delivery: Contact the developer.

Tel: 0100 008 07 81, 0100 522 42 20, 0127 488 75 99

Website: www.gladiosgarden.com

Golf Residence

Developer: Beta Egypt

Location: Golf Residence compound is located in 6th of October area, behind Ashgar district, within close proximity to major roads and highways in addition to the nearby community clubs and new malls and commercial services.

Unit Sizes: Apartments 135 – 160 m2, Duplex villas 195 – 270 m2.

Prices: Apartments from 500,000 EGP, Duplex villas from 715,000 EGP.

Amenities: Entertainment and parks, mosque, social and sports club, medical center, supermarket, mall, coffee shops, laundry, computer and internet services.

Payment terms: 25% down payment, 4 years payment facilities, 0% interest rate.

Delivery: Contact the developer.

Hotline: 19231

Website: www.betaegypt.com

Highland Park

Developer: Better Home Group

Location: Highland Park is located in 6th of October beside Modern Science and Arts University (MSA), just 5 minutes away from the Media Production City.

Unit Sizes: Apartments and duplexes, 155 – 285 m2.

Price: From 651,000 EGP.

Payment terms: 25% upon reservation, 25% contract payment, 50% to be paid by monthly installments over 3 years without any interest rate, starting from the reservation and contract payment.

Amenities: Shopping Mall, clubhouse, artificial beach, swimming pools, gym and spa, 24 hour security, property management, underground parking areas.

Delivery: Contact the developer.

Hotline: 19636

Website: www.highlandparkegypt.com

La Mirada

Developer: Grand Plaza Company

Location: La Mirada is in New Cairo, next to the new AUC campus.

Unit Sizes: La Mirada is mainly apartments, surrounded by elegant villas. Lavanda Apartments from 85 – 105 m2, Violetta Apartments from 170 – 178 m2.

Prices: Lavanda Apartments from 532,000 EGP.  Violetta Apartments from 999,999 EGP.

Payment terms: 5% deposit, 15% on contract, remaining over 6 years.

Amenities: La Mirada gated community offers a new way of living in a friendly and quality environment. It is an original and state of the art concept, yet economic and contemporary. Jogging track, green area, lake, shopping malls, 24/7 security.

Delivery: Contact the developer.

Hotline: 16632

Website: www.lamirada-eg.com

Madinaty

Developer: Talaat Mostafa Group

Location: Cairo/ Ismailia Road

Unit Sizes: Apartments ranging from 42 m2 to 324 m2.

Prices: P.O.A.

Payment terms: Contact the developer.

Amenities:  All buildings are equipped with elevators and most of the ground floor units overlook private gardens that are connected to common gardens. Large markets and malls which sell local and international products are available, with extensive entertainment options that guarantee a fun-filled day for families.

Delivery: Contact the developer.

Hotline: 19691

Website: www.madinaty.com

One Kattameya

Developer: Morshedy Premier Developments

Location: One Kattameya is a mixed-use compound located on the main Daery Ring Road at the entrance to Kattameya.

Unit Sizes: Apartments  ranging from 75 – 231 m2.

Prices: Starting from 360,000 EGP.

Payment terms: Installments up to 5 years without interest.

Amenities: 24/7 security, lobby, pool lounge, pool, restaurant, cafe and garden lounge, fitness center, spa and concierge services.

Delivery: Contact the developer.

Hotline: 16267

Website: www.amp.com.eg

Hotline: 19917

Website: www.wadidegla.com

Tag Sultan

Developer: Madinet Nasr

Location: Intersection of El Thawra St. Extension with Ring Road in front of Cairo Airport entrance overlooking Cairo-Suez Road.

Unit Sizes: Apartments  ranging from 108 – 265 m2.

Prices: Starting from 599,000 EGP.

Payment terms: Contact the developer.

Amenities: Tag Sultan, as part of the future Teegan development, will have access to all facilities and services offered by the surrounding city.

Delivery: Contact the developer.

Hotline: 16750

Website: www.mnhd.com

Comfortably Chic

For purchasers needing something larger we found some delightful projects, with attractive payment terms. The price range for these properties is between 1 – 2 million EGP.

Evergreen Compound

Developer: Evergreen Compound

Location: Located handy to Smart Village, 18 km from the toll station.

Unit Sizes: Villas ranging from 250 – 450 m2 in a peaceful and serene place with lush greenery and exceptional landscape.

Prices: Starting from 1,177,500 EGP.

Payment terms: Over 6 years, interest free.

Amenities: Social building, gym, laundry, mini – market, pharmacy, shuttle bus for residents.

Delivery: Starts 9 months from purchasing.

Hotline: 16998

Website: www.evergreencompound.com

Ashgar Heights

Developer: IGI

Location: Behind Hay El Ashgar, Wahat Road.

Unit types and sizes:  Three levels. Townhouse A – 273 m2, townhouse B – 296 m2.

Prices: Townhouse A starting from 1,317,513 EGP, Townhouse B starting from 1,355,375 EGP

Facilities: Close to major malls and sports clubs, shopping areas 5 minutes’ drive away.

Payment terms: Contact developer.

Delivery: Contact the developer.

Hotline: 16120

Website: www.ashgarheights.com

Mivida

Developer: Emaar

Location: New Cairo, 5th Settlement

Unit Sizes: Twinhouses – ranging from 189m2 to 309m2. Villas – ranging from 228m2 to 571m2.

Prices: P.O.A

Facilities: Mivida includes playgrounds, community centers, a business park, hotels and shopping.

Payment terms: 5% down payment, 10 % after 3 months, then quarterly payments over 6 years.

Delivery: 2017

Hotline: 16116

Spacious and Sophisticated

If you need gracious living with ample family and entertaining space there are some attractive properties in elegant compounds. Pricing is in line with location and size of these town houses, twinhouses and villas.

Both sides of town offer superb gated communities with many residential options. We suggest that you check the Cityscape link below to access names and contact links of developers, or alternatively refer to this issue of Cairo West Magazine, where you will find advertisements for some of the most attractive developments in town.