The Ministry of Housing, Utilities, and Urban Communities has announced the availability of a range of premium residential units as part of the “Your Home in Egypt” initiative, aimed at Egyptians living abroad. The units, offered in various sizes, are designed to meet a wide array of housing needs.
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ToggleProject Features and Services
- Commercial Mall: A sprawling 51,000 m² mall, offering shopping and dining experiences.
- Leisure Facilities: Includes entertainment areas, open-air theaters, cinemas, and expansive green spaces, creating an all-inclusive environment for residents.
- Hotel: A 1200-room international hotel, operated by Hilton, enhancing the project’s appeal and providing luxury accommodation.
Project Location and Vision
Located in the historical Fustat area, the “Arabesque” project is a key initiative to revitalize historical regions while blending cultural heritage with modern infrastructure. The development aims to foster a sustainable, modern lifestyle, offering a unique living and investment opportunity.
Prices and Investment Potential
- Prices: The starting price for two-bedroom apartments is EGP 2,950,000, with larger units reaching up to EGP 5,000,000.
- Investment Opportunity: With its strategic location and increasing value, the “Arabesque” project is seen as a lucrative investment, particularly for those seeking residential and commercial properties in a growing, historically rich area.
Prime Minister’s Visit and Official Endorsement
On December 31, 2024, Prime Minister Dr. Mostafa Madbouly visited the project and handed over contracts for several new residential units. He emphasized that the project embodies the state’s vision of reviving historic areas and enhancing their value through sustainable development and modern infrastructure.
Conclusion
The “Arabesque” Project is set to transform Fustat into a distinguished residential and commercial destination, offering a unique blend of cultural heritage and modern amenities. This initiative is a step toward enhancing Egypt’s urban development and attracting both residents and investors to this revitalized historical location.