New Cairo is considered one of the most important urban areas currently in Egypt, and New Cairo, specifically the Fifth Settlement, has been able to be one of the most important vital areas in all of Greater Cairo.
Over the past few decades, the geographical map of Greater Cairo has changed, and different areas have begun to emerge and capture the attention of citizens and investors, and the most important of these areas is Greater Cairo. After the years have passed, the difference and distinction of New Cairo and the Fifth Settlement cannot be denied.
How did New Cairo arise?
The city of New Cairo is considered one of the third generation cities, which was established in accordance with Republican Decree 191 of 2000. Work on establishing the city of New Cairo coincided with the construction of the ring road, which aims to connect all of Greater Cairo with a road around it.
In the meantime, it was proposed to create a group of urban clusters surrounding the ring road, and they were named the First, Second, Third, Fourth and Fifth Clusters. It was expected that each cluster would accommodate 200 thousand people. The author of this proposal was Hasaballah Al-Kafrawi, Minister of Housing at the time.
- Initially, it was planned that these communities would be established to serve citizens with weak financial capabilities, but with the start of implementing the project, those in charge of it realized that the total cost of connecting all facilities and services would be very high, especially since the New Cairo area rises about 180 meters above sea level, which makes Utility supply work is more expensive.
Therefore, the proposal appeared to introduce an opportunity for private investment by giving an opportunity to establish residential compounds and medium and upper-medium projects, as well as luxury ones. From here, New Cairo and the Fifth Settlement began to appear in their current form as a residential and investment area that includes all residential projects, starting from economic, as well as above-average and luxury as well.
Specifications and features of New Cairo City
- New Cairo City is considered one of the most prestigious residential areas at the present time. New Cairo is considered an extension of Greater Cairo and is distinguished by the fact that it is currently in a very vital location, as it is surrounded by a group of the most important areas such as Nasr City and Heliopolis, and it is considered the closest area, namely Al-Shorouk, to the New Administrative Capital.
Space
The total area of New Cairo is 70 thousand acres. A very large area that was carefully divided in a way that ensures the comfort of residents and the diversity of real estate services, and a very large portion was allocated to green spaces and gardens, reaching an area of up to 43 thousand acres.
Fifth Settlement
- The Fifth Settlement is considered the most famous area of New Cairo, which includes the first five areas that were established in the city of New Cairo. New Cairo City is affiliated with the Urban Communities Authority. As for the general plan of New Cairo, it follows Al-Ahly Sabbour Company, which also created the plans for the Fifth Settlement. The first assembly was implemented by Nasr City Construction Company.
New Cairo currently includes many famous and luxurious areas that are considered fully equipped with facilities and services, including the Narges, Andalusia, and Lotus neighborhoods, as well as the Southern and Northern Investors District and the South Academy District.
Housing and real estate investment in New Cairo
The importance of New Cairo and the Fifth Settlement is not limited to its residential features only, but it also offers a very distinct opportunity for investment, whether in residential, commercial and administrative units or establishing profitable projects.
New Cairo and the Fifth Settlement offer a very competitive advantage, which is the high demand among customers to live or work there. You will also find that all facilities are complete in the Fifth Settlement, which ensures the ease of your stay there.
As for the geographical location, it is very distinguished, especially with the opening of many new main roads that facilitate the transportation process to and from New Cairo and save a lot of time. You can easily use:
Ring road
Middle Ring Road
Cairo Ain Sokhna Road
Suez Road
Real estate investment is considered one of the areas that can bring you a stable and stable profit in the long term. But you must be careful and choose the type of investment that is appropriate for you and the nature of your life. You will find many distinguished real estate projects that you can choose from, and you will also find commercial, administrative, and even medical projects. All real estate developers are also keen to implement their own projects in New Cairo, which will provide you with a variety of choices.
29 авг 2024
