About Al Maqsad New Administrative Capital
Project Name: Al Maqsad.
About Project: It is one of the Administrative Capital's compounds characterized by modern designs with elegance and originality, as it is close to all the important neighborhoods in the New Capital.
Al Maqsad Location: Located in the New Capital at the 3rd District.
Al Maqsad Space: 211 acres.
The Developer Name: City Edge Developments.
Units Type: Standalone Villas - Twinhouses - Townhouses.
Villas Space: It starts from 380 m² up to 570 m².
Townhouse Space: starts from 370 m² up to 400 m².
Twin house Space: starts from 413 m² up to 424 m².
Payment Systems: 5% downpayment and installments up to 7 years without interest.
Al Maqsad New Administrative Capital is a new edifice and a huge addition in the field of real estate investment in Egypt as it is the first project to offer you a variety of luxury villas with easy installment services in addition to its privileged location in the New Administrative Capital at the third district, which is the site Selected by "City Edge" after a lengthy verification, it consists of many vital venues and many hubs such as Smart City, Academic City, Olympic Village, and European University, Central Business District, Canadian University, Government District, Presidential Palace, and New Capital Airport.
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Al Maqsad New Administrative Capital
Al Maqsad Compound is the first immediate delivery project among the residential projects that are being built in the New Administrative Capital, which is a significant advantage as it guarantees you to live in the heart of the Administrative Capital and enjoy all the comforts and luxury means provided by the developer without waiting. This project is strategically located in a very privileged location close to all the Administrative Capital landmarks as well as the main roads.
It is one of the new residential projects being built in the best place in the heart of the Administrative Capital as City Edge is keen to select the locations very carefully. The most important features of this project is that the compound is ready for delivery and indeed some construction work has been completed and is currently finishing the residential units at the highest level and with high-level equipment, as for the designs, the developer has taken into account that the designs shall be global combining originality, sophistication, and civilization.
The company is also interested in developing many privacy and security standards in order to control the surveillance of the compound, as well as including a lot of services, amenities, and luxury, ensuring the perfect life you are looking for.
Al Maqsad City Edge Location
Al Maqsad Location is one of the features that make this project different as the owner company has made sure to select the location very carefully, it is located within the 3rd residential district of the Administrative Capital and specifically in plot D4 & D5 and the owner has taken into account that the location is to be close to the main districts and cities such as:
- Central Business District.
- It is close to the Government District and the Diplomatic Quarter.
- It is also close to Smart Village, the European University, the Presidential Palace and the Administrative Capital Airport.
- As for the main roads, Al Maqsad Compound is located near Mohammed bin Zayed Southern Axis and the Central Ring Road, as well as near the regional ring road connecting Suez Road and Ain Sokhna Road.
Information About The Developer
Al Maqsad is established by one of the leading companies in the field of real estate development in Egypt, City Edge Developments, which has established many residential projects within the Arab Republic of Egypt.
All of City Edge previous work has been demonstrated by the beauty of its design and precision of execution, including:
The Company has collaborated with a variety of companies and entities in the design of the Compound, including:
- The New Urban Communities Authority with 60%.
- In addition, the Housing and Construction Bank is 38% involved.
- Moreover, the outstanding cooperation of Holding Company for Investment and Development with 2%.
- City Edge has hired China State Construction Engineering Corporation (CSCEC) to design the project.
Prime Minister Mustafa Madbouli has signed an agreement with City Edge, which includes 7 projects that will be of the largest housing and real estate projects in new cities within Egypt and the company will take over the following tasks:
- Develop these projects.
- Oversee the construction and design method of each project.
- Responsibility for the marketing of residential units.
- Full maintenance of all projects services.
Services and features
- Vast areas of landscapes and water bodies make all the residential units overlook the magnificent view.
- There is a social club on a large area and it has plenty of sports grounds.
- A health club.
- Restaurants and cafes.
- Club House.
- A Mosque.
- Many swimming pools to suit everyone.
- A huge shopping mall.
- Kids area.
- In addition to 24/7 security and guarding.
Division and spaces of residential units within Al Maqsad Compound
The Compound located on a large area of 211 acres, the real estate developer has been keen to divide the residential units among stand-alone villas, twin houses, and townhouses and has differed in the spaces in order to suit everyone and it varies as follows:
Townhouses with a space ranging from 370 m² and 400 m².
Twin houses with a space ranging from 413 m² and 424 m².
As for stand-alone villas with a space ranging from 380 m² and 570 m².
Payment systems and the price of residential units
The real estate developer has been keen to put in place more than one payment and installment system in order to allow customers to get a unit without falling under financial pressure and to bear the burden of waiting until receipt. As for the prices of residential units, it is as follows:
Prices of stand-alone villas start at 8.2 million EGP.
Twin Houses prices start at 6.7 million EGP.
The townhouses prices start at 5.6 million EGP.
The owner has also set a special discount for a cash payment of up to 27%.
As for the payment system, you can pay 5% of the value of the residential unit with installments up to 7 years without interest.
Note that the prices and spaces mentioned herein are for the first half of 2019, and therefore it is changeable, and we, Real Estate Egypt, are keen to update the spaces and the list of residential and commercial units' types and prices constantly to keep the customer informed of the real estate market changes.