Menorca Compound New Administrative Capital

Menorca REDIFNING LUXURY

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Stella Park New Capital Units

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About The Developer

Established in 1989, and with over 30 years of experience in civil construction and urban development, we have built on our strengths to become a very successful Egyptian owned company. We are having a proven track record in a large variety of civil construction. MARDEV GROUP are born to serve the client’s needs in the best and efficient way and translate its vision to reality in the market.

Why Buy in New Capital?

The New Capital City is the upcoming replacement for the overcrowded ancient Cairo. It stretches between the Nile River and the Suez Canal, thus, having a strategic location in the eastern part of Cairo. It is planned to be a massive city housing up to 6.5 million people. The New Administrative Capital will be the first smart city in Egypt fostering high-tech services such as: sensors that report fires to emergency services. The New Capital will embrace huge green spaces as there will be gardens and parks everywhere to provide a more pleasing and tranquil environment. It will also feature a wide range of facilities including: a mall, shops, cafes, theatres, cinemas, an opera, schools and religious establishments. The New Capital City ensures an exceptional quality of life as it’s the attraction of all the well-known real estate developers who will introduce lavish properties from studios to apartments, duplexes, penthouses, town houses, twin houses and villas. The New Administrative Capital City will also have an airport, diplomatic district, presidential palace, as well as many ministerial buildings.

1- Appreciation: Unlike Cairo, where appreciation is expected to decline, the New Administrative Capital’s prices are expected to be on an upward trajectory. As the CEO of the New Administrative Capital for Urban Development Company Ayman Ismail said at the Euromoney Conference last September, housing prices in Cairo will decline significantly in the coming years due to the rise of supply in the market after the planned 350,000 housing units are completed. Prices in the New Capital, however, are only expected to go up from here. Property consultant Hesham Mohamed tells Egypt Today, “I can easily tell you that the New Administrative Capital poses the best real estate opportunity in terms of future location, as well as appreciation,” which brings us to our next point: Location. 

2-Location, Location, Location: It falls strategically close to Cairo, Sokhna and Ras Suder, and it will the hub of everything governmental. Mohamed explains that residents of the New Capital will be better connected to services and administrative facilities once ministries, and government and civil administrative services move. 

3- Infrastructure and Quality: It is a smart city, with state-of-the-art top-notch infrastructure, facilities and services to ensure the city is well maintained on the long runs and avoid deterioration, argues Hesham. “Some of the areas that are being privately-built around Cairo may be using cheaper material or things that are not as good as the ones that the government ensures that developers use in the New Administrative Capital, therefore, investing there would not only mean your mind being at peace because you know that the quality is great, it also means that you would be getting more for your money because you are getting a higher quality for a lower price or, at the very least, a similar price.” 

4- A Green City: Another benefit of investing in the New Administrative Capital is the green lifestyle that comes with it. In a televised interview, Ismail explained that the New Administrative Capital is set to be a sustainable and smart city, with a green lifestyle. “The capital will also be home to the world’s largest theme park, three times as big as the New York Park,” Noura Samy, a property consultant, explains. “It [the New Administrative Capital] has facilities that, if kept in good condition—as I expect they will be—would ensure higher appreciation and a vibrant living scene.” 

5- It’s government-supported: Need we say more? Mahmoud al-Adl, Chairman of Master Builder Groups, says that President Abdel Fatah al-Sisi’s endorsement of the project adds value and increases the project’s worth, urging investors to invest in multiple opportunities in the New Capital, or what he calls: “The Project of the future.” 

6- It’s in-demand and booming: “There is a growing demand for the New Administrative Capital that will continue to rise in 2018,” Mohamad Banany, Senior Vide-President at Coldwell Banker tells Egypt Today. Building on this, Mohamed Nawar, a property consultant operating in Cairo adds, “The growing demand for the New Administrative Capital makes it a safe haven for investors, and ensures that their money will not be in danger.”

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