New Administrative Capital
Al Maqsad Residences is the second project of City Edge Development company in the New Administrative Capital in Cairo, Egypt. It is the first residential apartment project in the New Capital.
Al Maqsad New Capital is one of the most luxurious projects that is a product of a collaboration between the New Urban Communities Authority and City Edge Development.
Al Maqsad Compound consists of two areas, each having a distinctive style that is revealed by the unique style of architecture.
The total of Al Maqsad Compound space is about 214 acres, divided into two residential areas. One is on 97 acres and the other is on 117 acres. The unit spaces start from 111m² up to 187m².
Al Maqsad City Edge is located in the R3 area, plot D4-D5, next to the most important and famous landmarks of the Administrative Capital, such as the Financial and Business District, the Olympic Village, the Presidential Palace, and the Governmental District. It is also located near the Canadian University, the Capital Airport, Suez Road, and the Sports City.
The real estate developer of the Al Maqsad New Capital project is City Edge Real Estate Development, which is an alliance between the New Urban Communities Authority and the Housing and Development Bank, known for its meticulous implementation of projects and commitment to deadlines.
The goal of the company is to develop new urban communities and provide luxurious units to customers. Its first project in the New Capital was Al Maqsad project for villas only and then came Al Maqsad Residences New Capital for luxury buildings and apartments.
The company seeks to convert to a holding company within the next two years with a land portfolio of 700,000m².
-North Edge Towers, New Alamein City
-Zahia Towers, New Mansoura City
-Etapa compound, Sheikh Zayed
-Al Maqsad Compound, the Administrative Capital
-Barouk Compound, the New Administrative Capital
-Downtown Compound, New Alamein City.
-Mazarin Compound, New Alamein City
-Al Maqsad Residence complex in Cairo
The apartments in Al Maqsad City Edge have diverse spaces where there are 2-room model apartments with areas ranging from 111m² up to 137m², while there are 3-room apartments with areas ranging from 144m² to 187m².
Al Maqsad City Edge consists of two residential areas, the first boasts classically designed buildings and the second boasts modern designs with different sizes, payment plans, and facilities for customers.
The area of Al Maqsad New Capital is about 214 acres and is divided into two residential buildings with multiple floors, the first with an area of about 97 acres and the second with about 111 acres.
The first area in Al Maqsad New Capital is designed to express the originality of Egyptian architecture with all its details and classic relaxing color palettes. The second area targets those with a contemporary taste who are looking for elegance. Green spaces are distributed between buildings, gardens, and parks, in addition to specialized areas for commercial, educational, and sports services.
Al Maqsad Residences compound is distinguished by the features that make it one of the most important residential projects:
1. A great location in the R3 area
2. Diversity in designs and spaces
3. Security services
4. A guaranteed investment future in the Administrative Capital
5. The project is subject to the Central Bank of Real Estate Finance initiative
6. Payment plans and facilities
7. Green spaces
8. Proximity to the most important landmarks of the new capital
-A commercial mall with branches of the most important brands
-General and private garages for the units
-Gardens and parks
-Artificial [H1] lakes
-A sports club with many playgrounds
-A gym, spa, and jacuzzi health club
-Bicycle, strolling, and running tracks
-Gates for exit and entry
-Service management for the whole compound
The price in Al Maqsad City Edge varies according to the area and finishes. Prices also change from time to time as a result of the continuous changes in the real estate market. So, here is the latest update of prices in the table above.
Al Maqsad City Edge project is subject to the Central Bank's Real Estate Finance initiative, which means that you can obtain a luxury residential unit in the Administrative Capital by paying 20% of the unit price and paying the rest over 20 years.
It is the first company to implement the government initiative on its projects in the New Capital, and it will start offering about 1,000 units next year to the bookers.
You can also follow one of the following payment plans:
1. Pay a 5% down payment, 10% after 3 months, and installments over 3 years
2. Pay a 5% down payment, 10% after 3 months, and installments over 5 years
3. Pay a 5% down payment, 10% after 3 months, and installments over 7 years
-It is the future of Egyptian real estate investment
-An integrated city, not just a community
-Close to important new cities such as El Shorouk, Badr, and Madinaty, as well as Ain Sokhna and all its projects.
-It has the tallest tower in Africa (the Iconic Tower).
-It includes the largest park in the world (the Green River).
-It has the largest amusement park in the Middle East.
-It is home to embassies, ministries, and major international companies.
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