What is the location of The City?

Apartments 3 bedrooms for sale in The City New Capital

Reference: NS 82638

EGP 1,655,500

MLS Realty
+201200070979

Email Agent

+2 012 00 231 000

EGP 1,655,500

Apartments 3 bedrooms for sale in The City New Capital

Reference:

NS 82638

Price:

EGP 1,655,500 Installment

Price / Sqm:

EGP 10,477 Per Sqm

Finishing Status:

Semi Finished

Area:

158 sqm

Bedrooms:

Bathrooms:

View:

Land Space

Price:

EGP 1,655,500

Down Payment:

EGP 765,000

Year Built:

Listed:

Tue 23 May 2023

About The City New Capital

3 Bedrooms Apartment for Sale in The City New Capital

The City New Capital Egypt is a newly established city located about 45 kilometers east of Cairo. It was officially announced in 2015 by the Egyptian government as a way to improve the country's infrastructure and provide a solution to the overcrowding in Cairo.

The city is being built on a massive scale, with an area of approximately 170,000 acres, making it one of the largest urban development projects in the world. It is expected to be completed by 2050 and will have a total population of five million people.

One of the main features of The City New Capital Egypt is its green spaces. The city is designed to be environmentally friendly, with parks and gardens covering 40 percent of the area. A part of the city will also be dedicated to a nature reserve, preserving the natural beauty of the surrounding desert.

Additionally, The City New Capital Egypt will be a smart city, utilizing technology to enhance the quality of life of its residents. It will be equipped with a strong Wi-Fi network, electric transportation, and advanced security systems.

The city will have a range of facilities, including governmental buildings, a business district, hospitals, schools, and universities. The aim is to attract both local and foreign investors to promote economic growth, create job opportunities, and improve the standard of living in Egypt.

The City New Capital Egypt has already seen significant progress. The first phase of the city is expected to be completed by mid-2021, with the new headquarters of the Egyptian government being moved there by mid-2022.

The project has not been without controversy, however. Some have criticized the high costs of building the city and the potential for it to become a ghost town, with its massive size making it difficult to sustain its population.

Despite the concerns, The City New Capital Egypt represents an exciting development for the country. It has the potential to improve the quality of life for millions of Egyptians, while also promoting economic growth and advancing technological innovation.

MLS Realty
+201200070979