One Residence offers a modern living experience in Egypt’s New Capital City. Developed by Sky AD Developments, this residential project features studios and apartments ranging from 70 to 130 square meters. Located in the R8 area, One Residence provides fully finished units with expected delivery in 2027.
The development is part of Capital Avenue, a mixed-use project covering over 21,000 square meters. One Residence combines residential spaces with commercial, administrative, and medical properties, creating a vibrant community within the New Capital City.
Overview of New Capital City
Egypt’s New Administrative Capital is a massive urban development project aimed at creating a modern metropolis to alleviate congestion in Cairo. This ambitious undertaking represents a significant shift in Egypt’s urban landscape and governance.
Emergence of the New Administrative Capital
In 2015, the New Administrative Capital project was unveiled as a component of Egypt’s urban growth strategy. The new city is around the size of Singapore, spanning 700 square kilometers and 45 kilometers east of Cairo. With ambitions to eventually house up to 6.5 million people, construction started in 2016.
The city is designed as an innovative urban center, incorporating advanced technologies and sustainable infrastructure. It features distinct districts for government offices, business headquarters, and residential areas. The project aims to create a modern, efficient urban environment supporting Egypt’s growing population and economic aspirations.
Strategic Importance
The New Administrative Capital holds significant strategic importance for Egypt’s future development. It aims to reduce pressure on Cairo’s overburdened infrastructure and services by relocating government offices and foreign embassies.
The city is positioned as a hub for economic growth, with dedicated zones for international businesses and financial institutions. Its strategic location near major transportation routes enhances connectivity within Egypt and global markets.
It incorporates sustainable design principles and cutting-edge technologies as a planned smart city. This strategy seeks to advance environmental sustainability, improve public services, and raise quality of life. Egypt’s ambition for a contemporary, effective urban hub that promotes economic growth and enhances governance is embodied in The New Capital.
Key Developers and Properties
Sky AD Developments and prominent real estate companies are shaping New Capital City’s landscape with innovative residential projects. These developers create modern living spaces that blend luxury, convenience, and sustainability.
One Residence by Sky AD Developments
One Residence is a flagship project by Sky AD Developments in New Capital City’s R8 district. The compound offers studios and apartments ranging from 70 to 130 square meters, all fully finished.
Sky AD aims to deliver the units by 2027. The project is part of the more extensive Capital Avenue development, which spans over 21,000 square meters.
One Residence features mixed-use spaces for commercial, administrative, and medical purposes. It also incorporates water bodies and a central walkway, enhancing the urban living experience.
Prominent Real Estate Developers
Several leading developers are contributing to New Capital City’s growth. Hassan Allam Properties, a well-established name in Egyptian real estate, is developing high-quality residential compounds.
Other key players include ARDIC Real Estate Development, which is known for projects like Zizinia Gardens in New Cairo. These developers are creating diverse housing options, from luxury villas to modern apartments.
Many projects in New Capital City emphasize amenities such as green spaces, retail areas, and community facilities. This approach aims to provide residents with comprehensive living environments.
Housing Options and Amenities
One Residence offers a range of living spaces and convenient facilities to meet diverse needs. The development prioritizes comfort and modern lifestyles through thoughtfully designed properties and community services.
Diverse Residential Options
One Residence provides various housing types to suit different preferences. Apartments come in multiple sizes and layouts, from compact studios to spacious 3-bedroom units. Some feature private balconies with city views.
For those seeking more space, villas offer luxurious standalone homes with private gardens. Select properties include smart home technology for enhanced convenience and efficiency.
Serviced apartments are designed for short-term residents. They combine hotel-like amenities with the comforts of home. These fully furnished units provide housekeeping and concierge services.
Community Services and Facilities
One Residence aims to create a self-contained community with essential amenities on-site. A central park offers green spaces for relaxation and recreation.
The development includes educational facilities, including a school for residents’ children. A mosque is incorporated into the community plan for spiritual needs.
Healthcare is addressed through an on-site hospital or medical center, ensuring quick access to medical services.
With regulated access points and round-the-clock surveillance, security is the primary concern in the residential area.
Retail spaces and dining options are integrated into the development, allowing residents to shop and dine without leaving the community.
Investment Perspective
One Residence in New Capital City offers attractive investment opportunities with competitive pricing and flexible payment plans. The project’s location in Egypt’s new administrative capital positions it as a promising long-term investment.
Property Prices and Trends
One Residence units start from 4,961,000 EGP. This pricing is competitive for the New Administrative Capital (NAC) area, which has seen increasing property values. The NAC’s strategic development and government support contribute to the potential for property appreciation.
Experts predict continued growth in NAC real estate prices due to ongoing infrastructure development and increasing demand. One Residence’s location in the R8 district adds to its investment appeal, as this area is slated for a mixed-use development with commercial, administrative, and medical facilities.
Payment Plans and Opportunities
One Residence offers investor-friendly payment plans, including a 10% down payment option. This low initial investment makes the project accessible to more buyers.
Extended payment periods are available, with unit delivery expected in 2027. This timeline allows investors to spread payments over several years, potentially aligning with property value increases.
Investors can benefit from:
- Potential rental income from ex-pats and professionals working in the NAC
- Capital appreciation as the new city develops
- Diversification of investment portfolio in a government-backed megaproject
When looking for specialized investment options in One Residence and the larger NAC market, it is best to speak with real estate professionals.
Planning and Design
One Residence is part of Egypt’s ambitious New Capital City project. The development incorporates modern urban planning principles and sustainable design features.
Master Plan of New Capital City
The New Capital City covers 700 square kilometers, comparable in size to Singapore. Its first phase spans 40,000 acres and aims to house up to 7 million residents. The master plan includes distinct government, business, and residential districts.
A central green corridor called the “Green River” runs through the city. This 35-kilometer-long park provides green space and recreational areas for residents.
The plan incorporates an intelligent city infrastructure with advanced technology systems. These include sensors and data analytics to efficiently manage utilities, traffic, and city services.
Sustainable and Smart Urban Design
One Residence exemplifies the sustainable design principles of the New Capital City. The development features energy-efficient buildings and smart home technologies.
Water conservation is a priority, with systems for recycling and reusing greywater. Solar panels on rooftops generate clean energy for the community.
The project’s layout promotes walkability and reduces car dependence. Wide sidewalks, bike lanes, and access to public transit encourage sustainable transportation options.
Green spaces and landscaping help mitigate the urban heat island effect. These areas also provide habitats for local flora and fauna, enhancing biodiversity within the urban environment.
Connectivity and Accessibility
One Residence in New Capital City offers excellent connectivity and strategic access to critical areas. Its location provides convenient transportation options and proximity to important destinations.
Transportation Networks
One Residence benefits from New Capital City’s modern transportation infrastructure. The development is well-connected by major roads and highways, facilitating easy travel within the city and to surrounding areas. Public transportation options include bus networks and a planned electric train system.
Access to Cairo International Airport is convenient, with a driving distance of approximately 36 km. This proximity makes One Residence an ideal choice for frequent travelers or those with international business ties.
Proximity to Key Locations
One Residence enjoys a prime location near several essential destinations. Downtown Cairo is about 45 km away, allowing residents to maintain connections to the historic city center. The iconic Pyramids of Giza can be reached within 54 km.
Cairo Festival City Mall is just 22 km from One Residence for shopping and entertainment. The famous Mall of Egypt is also accessible at a distance of 33 km. The City Center area is conveniently located 25 km away.
One Residence’s location also provides easy access to other developing areas. New Cairo and Mostakbal City are nearby, offering additional amenities and opportunities. The North Coast and Ain Sokhna are within reasonable driving distance for weekend getaways.
Frequently Asked Questions
Egypt’s New Capital City project has generated significant interest and numerous inquiries from potential residents and investors. The following questions address critical aspects of the development, from property pricing to investment opportunities and construction progress.
What are the current pricing trends for properties in the New Capital City of Egypt?
Property prices in the New Capital City vary based on location, size, and amenities. Studio apartments start at around $50,000 and luxury villas can exceed $500,000.
Commercial properties typically command higher prices due to their potential for business opportunities.
How can one find available properties for sale in the New Capital City?
Real estate agencies and developers offer listings for properties in the New Capital City. Online platforms and property websites also showcase current offerings.
Interested buyers can attend property exhibitions or contact developers for the most up-to-date information on available units.
What are the investment opportunities in Egypt’s new capital?
The New Capital City presents diverse investment opportunities across residential, commercial, and industrial sectors. Real estate investments are desirable due to potential value appreciation.
Commercial spaces in business districts offer prospects for retail and office investments. The city’s planned technology hub may appeal to tech-focused investors.
Can you elaborate on the latest developments and constructions in Egypt’s New Capital?
Recent developments include the completion of several residential neighborhoods and government buildings. The central business district is under construction, featuring Africa’s tallest tower.
Infrastructure projects, including roads, utilities, and public transportation systems, are progressing rapidly to support the growing city.
When was the construction of the New Capital City in Egypt officially initiated?
The construction of Egypt’s New Capital City officially began in 2015. The project was announced at an economic conference in Sharm El Sheikh in March of that year.
Initial groundwork and planning phases started shortly after the announcement, with significant construction activities ramping up in subsequent years.
How does the New Capital City of Egypt reflect the country’s urban development goals?
The New Capital City embodies Egypt’s vision for modern urban development. It aims to alleviate congestion in Cairo and provide a sustainable, technologically advanced living environment.
The city’s design incorporates intelligent technologies, green spaces, and efficient public services to create a model for future urban planning in Egypt.
