Palma Compound is a prime residential community in the heart of New Cairo, Egypt. Located on the strategic northern 90th Street in the Fifth Settlement, it offers a vibrant living experience. Developed by the Housing and Development Bank, Palma Compound features exclusive villas surrounded by high-end residential complexes.
The project aims to create a lively community that celebrates life in all colors. Palma’s central location provides residents easy access to amenities and services in New Cairo.
Overview of Palma Compound
Palma Compound is a prestigious residential development in New Cairo, offering a blend of luxury living and strategic positioning. Its well-planned layout and high-end amenities cater to those seeking an elevated lifestyle in Egypt’s burgeoning new urban center.
Location and Accessibility
Palma Compound is in the heart of New Cairo’s Fifth Settlement. It sits directly on the northern 90th Street, a major thoroughfare that ensures excellent connectivity. The compound’s strategic position provides residents easy access to critical areas of New Cairo and beyond.
Nearby landmarks include high-end residential complexes like Villar and Maxim. This proximity to other upscale developments enhances Palma’s appeal and property value. The compound’s location also offers convenient access to essential services, shopping centers, and educational institutions in New Cairo.
Distinctive Features and Views
Palma Compound boasts a range of distinctive features that set it apart from other developments in New Cairo. The project offers various housing options, including villas and apartments, to satisfy different preferences and family sizes.
Green spaces are a vital element of Palma’s design. Lush gardens and landscaped areas surround the residential units, creating a serene and visually appealing environment. This focus on greenery contributes to a healthier living space and enhances the overall aesthetics of the compound. The development also incorporates modern amenities and facilities. While specific details are limited, Palma likely includes features standard to high-end compounds such as swimming pools, fitness centers, and recreational areas.
Comparison With Nearby Compounds
Palma Compound holds its own compared to other prestigious developments in New Cairo. While it may not be as expansive as Palm Hills New Cairo, which spans 500 acres, Palma offers a more intimate community setting without compromising luxury.
Like Palm Hills, Palma emphasizes a green, health-conscious environment. However, Palma’s smaller scale may allow for a more cohesive community feel. Its strategic location on 90th Street potentially offers better accessibility than other compounds.
Regarding property options, Palma provides a focused selection of villas and possibly apartments. This contrasts with more significant compounds that might offer a broader range of property types but could lack Palma’s sense of exclusivity.
Property Types and Options
Palma Compound offers diverse residential options to suit different preferences and lifestyles. The development features apartments, duplexes, townhouses, twin houses, and standalone villas, providing choices for various family sizes and budgets.
Apartments and Duplexes
Apartments in Palma Compound come in different sizes and layouts. These units are perfect for individuals, couples, or small families seeking a modern living space. Apartments typically range from 150 to 233 square meters in size.
Duplex apartments offer a more spacious alternative, spreading across two floors. These units provide additional privacy and often feature separate living and sleeping areas. Both apartment types have modern amenities and finishes, reflecting the compound’s commitment to quality and comfort.
Townhouses and Twin Houses
Townhouses and twin houses in Palma Compound offer a middle ground between apartments and standalone villas. These properties deliver more space and privacy compared to apartments while being more affordable than villas.
Townhouses are multi-story homes that share walls with neighboring units. They often include private gardens or terraces. Twin houses are semi-detached homes that share one wall with a neighboring unit. These properties typically offer more outdoor space and greater privacy than townhouses.
Luxurious Standalone Villas
Standalone villas are the most exclusive residential option in Palma Compound. These luxurious homes range from 322 to 698 square meters and cater to larger families or those desiring more space and privacy.
Villas include high-end finishes, spacious living areas, and private outdoor spaces. Many include amenities such as private pools, gardens, and multiple parking spots. These properties often offer customization options, allowing residents to tailor their homes to their tastes and needs.
Amenities and Services
Palma Compound offers many amenities and services to enhance residents’ quality of life. The development prioritizes convenience, leisure, and community well-being through its carefully planned facilities and infrastructure.
Lifestyle and Community Facilities
Palma Compound features extensive green spaces and landscaped areas for residents to enjoy. The development includes well-maintained parks and gardens, providing a serene environment for unwinding and outdoor activities.
The community’s central social hub is a modern clubhouse with the latest amenities. It offers recreational facilities such as swimming pools, fitness centers, and sports courts. The compound also boasts scenic lakes, which enrich the beauty of the surroundings and create tranquil spots for residents to unwind.
Educational and Health Services
Palma Compound prioritizes access to quality education. An international school is located within the development, providing residents with convenient educational options for their children.
The compound also ensures easy access to healthcare facilities. Medical centers and clinics are strategically placed to cater to residents’ health needs. Emergency services are readily available, ensuring quick response times for any medical situations that may arise within the community.
Shopping and Commercial Projects
Palma Compound integrates commercial projects to meet residents’ daily needs. The development includes shopping centers and retail outlets, offering diverse products and services.
Supermarkets and convenience stores are conveniently located throughout the compound, allowing easy access to groceries and everyday essentials. Restaurants and cafes are also part of the commercial landscape, providing dining options for residents and visitors alike. The compound’s commercial areas are designed to blend seamlessly with the residential spaces, maintaining the development’s overall aesthetic appeal.
Investing in Palma Compound
Palma Compound offers attractive investment opportunities in New Cairo’s real estate market. The development combines prime location, quality construction, and potential for value appreciation.
Property Value and Market Trends
Palma Compound’s strategic position in New Cairo contributes to its investment appeal. The area has seen steady property value increases in recent years. Units in Palma Compound start from 12,000,000 EGP for apartments, while larger villas reach up to 40,000,000 EGP. These prices reflect the compound’s premium status and amenities.
The compound’s developer, Housing and Development Bank, has a proven history of completing high-quality projects. This reputation adds to investor confidence and potential resale value. New Cairo’s continued growth and development will likely support future property value increases in Palma Compound.
Financial Considerations
Investing in Palma Compound requires careful financial planning. The developer offers flexible payment plans to make purchases more accessible. Typical payment structures include a 10-20% down payment, with the remainder spread over 3-5 years. This system allows investors to manage cash flow while securing their property.
Rental yields in New Cairo compounds generally range from 5-8% annually, providing potential passive income for investors. Palma Compound’s desirable location may command higher rents. When calculating total investment and returns, investors should consider additional expenses like maintenance fees, property taxes, and potential renovation expenses.
Design and Architecture
Palma Compound exemplifies modern luxury living in New Cairo. Its design blends contemporary aesthetics with functional spaces, creating an upscale residential environment. High-quality materials and meticulous craftsmanship define the project’s architectural approach.
Modern Aesthetics and Building Quality
Palma Compound features sleek, minimalist exteriors with clean lines and large windows. The buildings incorporate durable materials like glass, steel, and stone to ensure longevity and low maintenance. Facades utilize neutral color palettes, creating a sophisticated look that complements the surrounding landscape.
Architectural elements include spacious balconies and terraces, offering residents outdoor living spaces with panoramic views. The compound’s layout prioritizes green spaces between buildings, enhancing the overall visual appeal and providing areas for relaxation and recreation. Building quality is paramount, with robust construction methods to ensure structural integrity and thermal efficiency. Advanced insulation and energy-efficient systems are integrated to reduce environmental impact and operating costs.
Interior Design and Finishing Options
Palma Compound offers a range of interior finishes to suit diverse tastes. Residents can choose from several design packages, including contemporary, classic, and minimalist styles. High-end flooring options feature premium materials such as marble, hardwood, and porcelain tiles.
Kitchens are equipped with top-of-the-line appliances and custom cabinetry. Bathrooms boast luxurious fixtures and fittings, with spa-like amenities in select units. Large windows maximize natural light, creating bright and airy living spaces. Flexible floor plans allow for customization, catering to different lifestyle needs. Smart home technology lets residents remotely control lighting, climate, and security systems. The compound also offers fully finished units for those seeking a move-in-ready option.
Frequently Asked Questions(FAQs):
What are the current prices for properties in Palma Compound, New Cairo?
Property prices in Palma Compound vary depending on the unit type and size. Villas are available for purchase, with prices reflecting the compound’s premium location in New Cairo.
Exact pricing information may change, so contacting the Housing and Development Bank for the most up-to-date figures is best.
Are there rental options available in Palma Compound, and what are their price ranges?
Palma Compound may offer rental options, but specific information is limited. Prices would depend on unit size, location within the compound, and current market conditions.
Interested parties should contact local real estate agencies or property management companies for accurate rental information.
How can one inquire about properties for sale in Palma Compound, New Cairo?
Interested buyers can contact the Housing and Development Bank directly to inquire about properties for sale in Palma Compound. They manage the project and can provide detailed information on available units and purchasing processes.
Local real estate agencies specializing in New Cairo properties may also have listings for Palma Compound units.
What amenities and facilities does Palm Hills New Cairo offer to residents?
Palm Hills New Cairo offers its residents a range of high-end amenities, including various property types, such as apartments, twin houses, and standalone villas.
The compound likely features landscaped green spaces, recreational areas, and security services, though specific details should be confirmed with the developer.
Where exactly is Palm Hills located within the New Cairo area?
Palm Hills New Cairo is in a prime location within the Fifth Settlement of New Cairo. It is located on the northern 90th Street, placing it in the heart of this developing area.
The compound is surrounded by other upscale residential complexes, including Villar and Maxim, enhancing its desirable location.
Can you provide details on the different types of apartments available at Palm Hills New Cairo?
Palm Hills New Cairo offers various apartment choices for different preferences and needs. The complex features units with varying sizes and layouts.
Prices for apartments in Palm Hills New Cairo reportedly start from 12,000,000 EGP, indicating luxury and premium quality of properties.
