New Fustat City Compound is a highly anticipated residential project developed by Saudi Egyptian Real Estate in Cairo, Egypt. The compound is situated in the heart of Fustat New Urban City, which the Egyptian government is developing to become a modern residential city. The project covers an area of 950 acres and includes a variety of distinguished residential and commercial properties.
Saudi Egyptian Real Estate is a prominent company in the real estate market. It has extensive experience in the field among major real estate companies. Established in 1976 due to a Saudi-Egyptian partnership, the company has achieved great success in Egypt and the Arab world. This success is due to its high-quality urban projects. The company’s biggest interest during its detailed planning to create the New Fustat Compound has been choosing as much space as possible. This was done to make it an integrated city of all customers’ daily needs. They also aim to ensure the greatest comfort over time.
The New Fustat City Compound is a residential project in Old Cairo in front of Salah Salem Street. Its classic design was created by SED Developers Company. This company is a leading name in the Egyptian real estate market since its establishment in 1975. With the combination of SED Developers and Saudi Egyptian Real Estate, the New Fustat City Compound is set to become a landmark project in Cairo’s real estate market.
Project Overview
Developer Background
New Fustat City Compound is a project developed by the Saudi Egyptian Company (SED), Egypt’s leading real estate player. Founded in 1975 through a cooperation between the Saudi Arabian government and the Urban Communities Authority, SED has a strong track record of accomplishments and projects.
Strategic Location
Located in the prime location of New Fustat City, the compound spans over 71 acres of land. The developer company, SED Developers, chose one of the most premium locations in Egypt to establish its brand-new residential project. It is situated in front of the Magra El Oyoun aqueduct in a direct view of Salah Salem St, making it easily accessible from many axes and roads for the easiest mobility for its residents.
Vision and Design
The vision for New Fustat City Compound is to create a modern and lavish residential community that offers a high-quality lifestyle to its residents. The compound comprises residential apartments with unit areas starting from 130 square meters. The design of the compound is modern and sleek, focusing on creating open spaces and green areas for residents to enjoy.
With a down payment starting from 10%, the rest is paid over seven years, facilitating for buyers to invest in their dream homes. The compound also includes 79 entertainment areas, including an open and closed theater, dancing fountains, six cinema theaters, a Hilton hotel, and a massive shopping center.
In summary, New Fustat City Compound is a modern and luxurious residential project developed by SED Developers. With its prime location and contemporary design, it offers a high-quality lifestyle to its residents. Its strategic location and easy payment plans make it an exceptional investment opportunity for buyers looking to invest in their dream homes.
Residential Offerings
New Fustat City Compound offers a variety of residential units in 79 buildings designed in the Islamic style. The buildings have external balconies that add to the aesthetic value of the compound. The units are available in various sizes, starting from 130 square meters, and are suitable for different family sizes and needs.
Apartment Sizes and Types
The compound offers residential apartments, including one-bedroom, two-bedroom, three-bedroom, and four-bedroom apartments, ranging from 130 square meters to larger units. The apartments are designed to provide residents with a convenient and luxurious lifestyle, with spacious living areas, modern kitchens, and well-appointed bathrooms.
Luxury Amenities
New Fustat City Compound offers its residents a range of luxury amenities, including a swimming pool, a gym, a spa, and a clubhouse. The compound also features landscaped gardens and green spaces that provide residents a serene and relaxing environment.
Green Spaces and Landscape
The compound’s landscape is designed to provide residents with a natural and serene environment, with landscaped gardens, green spaces, and walking paths. The compound’s design combines the beauty of Islamic architecture with modernity, creating a unique and aesthetically pleasing environment.
In summary, New Fustat City Compound offers a range of residential buildings and units with luxury amenities and green spaces, providing residents with a comfortable and luxurious lifestyle. The compound’s design combines the beauty of Islamic architecture with modernity, creating a unique and aesthetically pleasing environment.
Facilities and Services
New Fustat City, a Compound by Saudi Egyptian Real Estate, offers its residents several facilities and services, making it an all-inclusive community. The compound is built on 71 acres and offers various residential apartments. The unit areas start from 130 square meters, and the price starts from 3,120,000 Egyptian Pounds. The payment method is flexible, with a down payment starting from 10%, and the rest is paid over seven years.
Retail and Dining
New Fustat City Compound offers a variety of retail and dining options to its residents. The compound has several restaurants and cafes that provide a range of cuisines, from local to international. The restaurants are open throughout the day, providing residents with the convenience of having meals without leaving the compound. The compound also has several retail stores, including supermarkets and convenience stores, providing residents with all the necessary items.
Health and Wellness
The compound has a gym and spa facility, which provide residents with the opportunity to maintain their fitness and wellness. The gym is equipped with state-of-the-art equipment, and trainers are available to provide guidance and support. The spa facility offers several treatments, including massages, facials, and other wellness treatments.
Security and Surveillance
New Fustat City Compound has a robust security system, ensuring the safety of its residents. A team of security personnel is available 24/7 to ensure the compound’s safety and security. Surveillance cameras are installed in all public areas, providing an additional layer of security.
In conclusion, New Fustat City, Compound by Saudi Egyptian Real Estate, offers numerous facilities and services that accommodate to the needs of its residents. The compound provides a safe and secure environment, making it an ideal place to live.
Investment Potential
Real Estate Market Insights
Pricing and Payment Options
New Fustat City Compound offers competitive prices for its various residential apartments. The unit areas start from 130 square meters, and prices start from 3,120,000 Egyptian Pounds. The compound’s payment system is flexible, with a down payment starting from 10% and the rest paid over seven years.
Investors can use the payment system to spread out the cost of the property over a longer period, making it more affordable. The competitive prices also make it an attractive option for investors looking for a good return on investment.
In conclusion, the New Fustat City Compound by Saudi Egyptian Real Estate is a promising real estate investment opportunity. The compound’s prime location and competitive prices make it a superb option for investors looking for a high return on investment. The flexible payment system also makes it more affordable and accessible to a wider range of investors.
Connectivity and Accessibility
Transportation Networks
New Fustat City Compound is conveniently located near major transportation networks. It faces the Magra El Oyoun aqueduct, granting direct access to Salah Salem St. This prime location ensures easy commuting throughout Cairo. The compound is also close to various axes and roads, enhancing mobility.
The area boasts a well-developed transportation network with multiple options. The Fifth Settlement, minutes away, hosts buses, taxis, and microbuses. Additionally, the Cairo Metro nearby offers fast and efficient travel across the city.
Proximity to Key Locations
New Fustat City Compound is strategically located near many key locations in Cairo. It is just a few minutes away from the Museum of Civilization, a popular tourist destination. Additionally, the compound is close to Old Cairo, home to many historical landmarks and tourist attractions.
The compound is also located near many shopping centers and malls, including City Stars Mall, one of the largest malls in Cairo. This makes it convenient for residents to access different shopping and entertainment options.
Salah Salem Road, one of the main roads in Cairo, is just a few minutes away from the compound. This facilitates access to various parts of the city, including the Cairo International Airport, which is located about 20 minutes away from the compound.
The New Fustat City Compound offers excellent connectivity and accessibility to different parts of Cairo. Its strategic location near key locations and transportation networks makes it ideal for residents who want convenience and easy access to various parts of the city.
Frequently Asked Questions
What are the current pricing trends for New Fustat City Compound properties?
The current pricing trends for properties in the New Fustat City Compound vary depending on the unit type and location. As of 2024, the starting price for a residential apartment in the compound is 3,120,000 Egyptian Pounds, and the price per square meter is 24,000 EGP. However, it is essential to note that these prices are subject to change depending on market demand and other factors.
How can one inquire about available properties for sale in the New Fustat City Compound?
Interested buyers can contact the SED Developments developer to inquire about available properties for sale in the New Fustat City Compound. The developer has a sales office located on-site at the compound, and interested buyers can also contact the sales team through the company’s website or by phone.
What are the historical significances of the development of New Fustat City?
New Fustat City is a new residential development in Cairo, Egypt. It is named after the historic city of Fustat, which was the capital of Egypt during the early Islamic period. The development is significant because it represents a modern interpretation of traditional Islamic architecture and urban planning principles.
What factors make investing in Egyptian real estate attractive?
Investing in Egyptian real estate is appealing for a number of reasons. First, there is a high demand for housing due to the nation’s vast and expanding population. In addition, the government has put in place a number of initiatives, such as tax breaks and streamlined administrative procedures, to promote foreign investment in the real estate industry. Last but not least, the nation’s advantageous location and expanding economy draw in foreign investors.
How is the real estate market in Egypt expected to evolve shortly?
The real estate market in Egypt is expected to continue to grow shortly, driven by strong demand for housing and increasing levels of foreign investment. However, some challenges are facing the sector, including a shortage of affordable housing and bureaucratic obstacles to development. Nonetheless, many experts believe that the overall outlook for the sector is positive.
What are the predictions for the real estate sector in Egypt in the coming years?
The real estate sector in Egypt is expected to continue growing in the coming years, driven by increasing levels of foreign investment and a growing population. However, some challenges face the sector, including a shortage of affordable housing and bureaucratic obstacles to development. Nonetheless, many experts believe that the sector’s overall outlook is positive and will continue to be an attractive destination for foreign investors.
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