Ray Residence New Capital is a luxurious residential compound in the New Administrative Capital in Egypt. Radix Real Estate Development Company develops the compound and offers many residential units catering to different tastes and requirements. With over 65 years of experience in the real estate industry, Radix is a well-established developer who has gained a review for delivering high-quality projects.
The compound is in a prime location in the New Capital, quickly becoming one of the most sought-after areas in Egypt. Ray Residence is located near many famous neighborhoods and landmarks, making it ideal for those who want to be close to everything. The compound is also easily accessible from main roads and highways, making it suitable for residents to travel to and from.
Ray Residence offers a variety of residential units, including apartments and villas, that range in size and design. The units are crafted to provide residents with a luxurious, comfortable lifestyle, modern amenities, and high-quality finishes. The compound also offers many facilities and services, including a clubhouse, swimming pool, gym, and 24-hour security, to ensure that residents have everything they need within the compound.
Overview of Ray Residence New Capital
Location and Accessibility
Ray Residence New Capital is a residential compound in the New Administrative Capital of Egypt. The project is in a strategic location that is easily accessible from many famous neighborhoods and landmarks in the New Capital. It is an ideal destination for those who are looking for a modern and luxurious lifestyle.
Developer Background: Radix Real Estate
Radix Real Estate is the developer of Ray Residence New Capital. The company has over 65 years of experience executing capital residential projects, making it one of the real estate development giants in the Arab world. Radix Real Estate was established exclusively in 1965 AD as a subsidiary of Al-Mowafaq Group. The company is renowned for the strength of its projects and for delivering high-quality projects that meet the needs of its clients.
Project Vision and Concept
The vision of Ray Residence New Capital is to create a modern and luxurious residential compound that provides a comfortable and convenient lifestyle for its residents. The project aims to offer many unit types that vary to suit all tastes and requirements. The Ray Residence, New Capital units, range from 165 to 450 square meters, providing ample space for families of different sizes. The compound is designed to offer various amenities and services that cater to the requirements of its residents, including swimming pools, green areas, and commercial areas.
Residential Units
Types of Units
Ray Residence New Capital offers a variety of residential units to suit different tastes and lifestyles. The units range from 130 to 280 square meters, providing plenty of space for families of all sizes. The compound includes both ordinary apartments and duplex apartments.
Design and Architecture
The design and architecture of Ray Residence New Capital are modern and stylish, with attention to detail and quality. The units are crafted to maximize space and natural light, providing residents with comfort and a welcoming living environment. The compound is divided into two parts, with smaller spaces, including green spaces among all the units, adding privacy and safety to the residential units.
Features and Amenities
Ray Residence New Capital offers residents various features and amenities to enhance their living experience. The compound includes a swimming pool, a gym, and a clubhouse, offering ample opportunities for relaxation and social interaction. It also has round-the-clock security and surveillance systems.
Commercial Spaces
Ray Residence New Capital, developed by Radix Real Estate, is a compound that offers various commercial spaces. The commercial area is designed to cater to the requirements of the residents and provide them with a convenient shopping experience. The commercial area is located within the compound, making it easily accessible to the residents.
Retail Outlets
The retail outlets in Ray Residence New Capital offer many products, from groceries to luxury items. They are designed to provide a comfortable shopping experience to the residents and are managed by reputable brands, ensuring the quality of the products.
Office Spaces
Ray Residence New Capital also offers office spaces for businesses. The spaces are designed to provide a comfortable and productive working environment, are equipped with modern facilities, and are managed by professional staff. The location of the office spaces within the compound provides a convenient working environment for the businesses.
Community and Lifestyle
Recreational Facilities
Ray Residence New Capital offers its residents a wide range of recreational facilities. The compound includes a clubhouse, swimming pools, a gym, and a spa. The clubhouse is an excellent place for residents to socialize and relax. The swimming pools are perfect for those who enjoy swimming, while the gym and spa are perfect for those who want to stay healthy. The compound also includes parks and playgrounds, making it an excellent place for families with children.
Security and Safety
Ray Residence New Capital takes the security and safety of its residents very seriously. The compound has state-of-the-art security systems, including CCTV cameras and security personnel. Its 24-hour security system ensures residents feel safe and secure. In addition, the compound has a fire alarm system and fire extinguishers, ensuring that residents are protected in case of fire.
Sustainability Initiatives
Ray Residence New Capital is dedicated to sustainability and has undertaken numerous initiatives to minimize its environmental footprint. The compound includes green areas and gardens, which help to improve air quality and reduce the urban heat island effect. The compound also has a waste management system, which includes recycling and composting. In addition, the compound uses energy-efficient lighting and appliances, lowering its energy usage and carbon footprint.
Investment Opportunities
Market Analysis
Ray Residence New Capital, developed by Radix Real Estate Development Company, is a promising investment opportunity in the New Administrative Capital. The compound, located in a vast area, offers various units that cater to different tastes and needs. The prices per square meter start from 20,000 EGP, making it a relatively affordable option compared to other compounds in the area.
The market in the New Administrative Capital is booming, and Ray Residence is expected to benefit from this growth. The area attracts many investors due to its strategic location, modern infrastructure, and promising future development plans. Moreover, its proximity to major landmarks, such as the Presidential Palace and the International Exhibition Center, adds to its appeal.
Potential ROI
Investing in Ray Residence New Capital can yield high returns on investment (ROI) in the long run. The compound offers a range of unit types, including apartments, duplexes, and villas, which cater to different budgets and preferences. The prices of these units are expected to increase as the demand for real estate in the area rises.
Furthermore, Radix Real Estate Development Company’s payment systems are flexible, making it easier for investors to own a unit in Ray Residence. The 10% reservation fee and the 8-year payment plan are attractive options for those who want to invest in real estate without paying the total upfront.
Buying Process
Step-by-Step Guide
Buying a property in Ray Residence New Capital can be a straightforward process if you follow these simple steps:
- Contact a sales representative: The first step in the buying process is to contact a sales representative from Radix Real Estate. They will provide you with all the necessary information about the development and answer any questions.
- Choose your unit: Once you have all the necessary information, you can choose the unit that best suits your needs. Ray Residence New Capital offers a variety of unit types ranging from apartments to villas.
- Reserve your unit: After you have chosen your unit, you must reserve it by paying a 10% reservation fee. This fee is not refundable but will be deducted from the unit’s price.
- Sign the contract: Once you have reserved your unit, you must sign the contract. The agreement will mention the terms and conditions of the sale, including the payment plan, delivery date, and any other relevant information.
- Pay the installments: After signing the contract, you will need to pay the installments according to the payment plan outlined in the contract. It is essential to make sure that you make all the payments on time to avoid any penalties.
Payment Plans
Ray Residence New Capital offers smooth payment plans to make it simple for buyers to purchase their dream home. The payment plans include:
- Cash payment: If you pay in cash, you will receive a discount on the unit’s total price.
- Installment payment: Ray Residence New Capital offers installment payment plans ranging from 5 to 10 years. The longer the payment plan, the higher the interest rate.
- Deferred payment: Ray Residence New Capital also offers a deferred payment plan, under which you can pay a percentage of the unit’s total price upfront and the rest over 5 to 10 years.
Choosing the payment plan best suits your financial situation is essential to avoid future financial difficulties.
Legal and Ownership
Property Rights
Ray Residence New Capital is a project by Radix Real Estate, a reputable real estate development company with over 65 years of experience in the industry. The project is designed to provide residents with an exceptional living experience in a modern, luxurious setting.
The property rights of Ray Residence New Capital are clear and well-defined. Buyers are guaranteed full ownership of their units, registered under their names in the Egyptian Land Registry. This ensures that buyers have complete control over their property and can use it as they see fit.
Registration Process
The registration process for buying a unit in Ray Residence New Capital is straightforward and transparent. Buyers must provide all necessary documentation, including proof of identity, income, and residence. The sales team at Radix Real Estate will guide buyers through the process and ensure that all necessary paperwork is done correctly and on time.
Once the buyer has selected a unit and signed the contract, the property is registered in their name in the Egyptian Land Registry. This process ensures that the buyer has full legal ownership of the property and can use it as they see fit.
Construction Progress
Current Status
Ray Residence New Capital is currently under construction by Radix Real Estate Development Company. Construction work is ongoing on all fronts, and the developer has made significant progress in infrastructure development, including installing water, sewage, and electricity systems.
The construction of the residential units is also underway, with the foundation and structural work completed for some of the buildings. The developer is currently working on the finishing work of the apartments and villas, including installing doors, windows, and interior finishes.
Expected Completion Dates
Radix Real Estate Development Company has yet to announce an official completion date for Ray Residence New Capital. However, based on the project’s current progress, the first phase of the development is expected to be completed by the end of 2024.
The project’s first phase involves building apartment buildings and villas and developing the surrounding infrastructure. The second phase, which includes building commercial and entertainment facilities, is expected to be completed by 2026.
It is worth noting that construction timelines are subject to change due to various factors, including weather conditions and unforeseen construction challenges. However, Radix Real Estate Development Company is committed to completing the project as soon as possible while maintaining the highest quality standards.
EGYPT MLS
Egypt MLS, under Arab MLS, is a cutting-edge real estate platform for licensed professionals, realtors, and brokers in Egypt. It offers a comprehensive property database for easy searching, comparing, and booking of properties for sale, set to revolutionize the real estate industry in Egypt.
Frequently Asked Questions(FAQs):
What are the starting prices for properties in Ray Residence New Capital?
The starting prices for properties in Ray Residence New Capital vary depending on the type and size of the unit. Interested buyers can contact the sales office or visit the website for up-to-date pricing information.
Are there any ready-to-move-in units available at Ray Residence New Capital?
Yes, Ray Residence New Capital offers ready-to-move-in units for those who prefer to avoid the wait time associated with off-plan purchases. Interested buyers can contact the sales office or visit the official website to check availability.
What type of amenities can residents expect at Ray Residence New Capital?
Ray Residence New Capital residents can expect many amenities, including a gym, swimming pool, kids’ play area, landscaped gardens, and 24-hour security. The development is designed to offer its residents a comfortable and convenient lifestyle.
What payment plans and financing choices are available for buying a property in Ray Residence?
Ray Residence New Capital offers flexible payment plans and financing options to help buyers purchase their dream homes. Interested buyers can contact the sales office or visit the official website for more information on available payment plans and financing options.
Can foreign nationals buy real estate in Ray Residence New Capital, and what are the procedures?
Yes, foreign nationals can buy real estate in Ray Residence New Capital. The property purchasing procedures are straightforward, including providing a valid passport and obtaining a residency visa. Interested buyers can contact the sales office or visit the official website for more information on the purchasing process.
What is the estimated completion date for the Ray Residence New Capital project?
The estimated completion date for the Ray Residence New Capital project is not publicly available. Interested buyers can contact the sales office or the official website for information on the latest project progress and completion date.
