Since the Egyptian Government announced the establishment of the New Capital, many investors from Egypt, the Arab region, and the world have rushed to invest. Information about New Capital reveals that it has the potential to be one of the most important investment hotspots in the Middle East.
Many investors look for information about New Capital to understand the economic opportunities it provides. The New Capital is not just a city but an economic center. In this article, we have created a full guide to the New Administrative Capital.
As part of this New Capital guide, we aim to provide all the information about New Capital that you need before investing in such a significant spot. The New Capital guide contains information about its importance, reasons to invest, the New Capital space, and the location of the New Capital.
Also, our New Capital guide covers essential aspects, including the best New Capital projects, including commercial and medical malls, that come alongside the New Capital apartment prices and the best neighborhoods in the New Administrative Capital. Our New Capital guide discusses the average price per meter and how to reserve an apartment in the New Capital.
The New Capital Area
The New Administrative Capital is designed to cover a huge space of 230,000 acres, or about 950 km2, and the New Capital area is divided into four phases, according to a previous press release from the Egyptian Capital for Urban Development Company (ACUD), which enhances the importance of the New Capital.
Further in the New Capital guide, information about New Capital indicates that green spaces will double the size of New York’s Central Park. It is worth noting in the New Capital guide that the cost of establishing the New Administrative Capital is around $60 billion, as President Abdel Fattah El-Sisi said in 2019.
Khaled Abbas, Chairman of the Board of Directors of the Egyptian Capital for Urban Development Company, said in 2023 that the first phase cost $45 billion, with an estimated cost of $6 billion for the second phase, which proves the importance of the New Capital to the Government.
If we talked about the importance of the New Capital, we can say that the New Administrative Capital has been designed to be an economic center, headquarters for ministries, governmental, and private companies, in the heart of smart residential neighborhoods.
The New Capital has been designed to have smart and sustainable infrastructure using recent technologies, making it a model for future cities in Egypt. Regarding the New Capital area, the first phase extends over a space of 40,000 acres, as we said, while the New Capital area will be 230,000 acres.
Information about New Capital indicates that this will be the biggest project in Egypt and MENA, as its area is five times larger than Washington. The investment in the New Capital has gained significant momentum due to its strategic importance and expansive development plans.
Spanning over 230,000 acres, the first phase alone has attracted billions of dollars, making investment in the New Capital a top priority for local and international investors alike. With green spaces doubling the size of Central Park and smart infrastructure in place, the investment in the New Capital offers not only residential opportunities but also commercial.
The scale and ambition behind the investment in the New Capital reflect the Egyptian government’s commitment to creating a model city for the region. The first phase’s $45 billion price tag, alongside the upcoming $6 billion second phase, showcases how crucial investment in the New Capital is for Egypt’s future growth.
This massive project is expected to transform the urban landscape, making investment in the New Capital an essential move for investors looking to capitalize on the area’s smart and sustainable infrastructure. The city’s economic potential makes investment in the New Capital one of the most promising opportunities in MENA today.
The New Capital location
Our New Capital guide also reviews the New Capital location, ensuring you have all the necessary information to make informed investment decisions. The New Capital location has been chosen carefully to be the heart of Egypt and close to the most strategic places.
Regarding the importance of the New Capital, the New Administrative Capital is well located, as it is on the east of Cairo between Cairo/Suez and Cairo/Ain Sokhna roads, close to Badr city, and east of Regional Ring Rd. The strategic New Capital location makes it 60 km from Cairo Downtown and 60 km from Suez and Ain Sokhna.
Where is the New Capital location?
The New Administrative Capital is located in a strategic place, as information about the New Capital location shows that it is surrounded by main roads like Cairo/Suez, Cairo/Ain Sokhna, Middle Ring, and Regional Ring roads. These roads make the New Capital close to the most prominent places in Egypt, including the Suez Canal, Shrouk, and Badr cities.
Also, the New Capital is close to the Cairo International Airport, which increases the importance of the New Capital location. All in all, thanks to its distinguished New Capital location, the New Capital has become close to various places in Egypt, which has made access to it easy.
The New Capital Designs
We can say that the New Administrative Capital is a model city, where you can find the best standards in urban planning, as it has been prepared with the recent facilities to be the future capital of Egypt, which enhances the importance of the New Capital. The New Capital designs reflect these high standards, showcasing innovative approaches to urban planning.
Also, the New Capital designs ensure that the city is located in a strategic and central location, making it a turning point in the future of Egypt. The New Administrative Capital is one of the most significant projects in the MENA region, which enhances Egypt’s position regionally and internationally, according to information about the New Capital designs.
The New Administrative Capital is distinguished by its unbelievable services in Egypt, as it provides an infrastructure for the internet using fiber optics and satellite, making the speed up to terabytes per second. Additionally, it features state-of-the-art smart city technologies to enhance daily living and operational efficiency.
If we talk about the New Capital area, we have to mention that it has been designed to be a green and sustainable city, with 15-meter squares of green space per capita, and 50% of building roofs are covered with solar panels for renewable energy use, according to the Chairman of ACUD.
These New Capital designs emphasize sustainability, making it a forward-thinking urban environment. In addition, you can find footpaths and bike lanes that cover 40% of the roads, which are integral to the New Capital designs. The incorporation of green spaces and energy-efficient buildings further enhances the city’s commitment to environmental responsibility.
Regarding buildings, 40% of the New Capital area is dedicated for that, which means a huge number of residential units have been planned. In order to prove the importance of the New Capital, the New Capital designs also include various types of transportation, including trains, metros, trams, and buses.
It is worth noting that the New Capital is considered one of the best locations to invest in, as a significant space is dedicated to the financial and business sectors, making it an economic center for the Great Cairo and Suez Canal, according to information about the New Capital designs.
The New Capital Map
In order to make a clear decision, our New Capital guide also reviews the New Capital map. The New Capital map shows that the New Capital area is divided into four major phases; while the first phase spans over 40,000 acres, the total New Capital area will be 230,000 acres.
Furthermore, the area of the green spaces is 40% of the New Capital area of 230,000 acres, which is around 92,000 acres, according to ACUD. By examining the New Capital map, it is worth noting that there are 25 residential areas on 460 km² of the New Capital area, with low, medium, and high-density units, according to Bloomberg.
- Moreover, in the New Capital guide, the New Capital map highlights the most prominent features of the New Administrative Capital’s first phase, which includes 8 neighborhoods with different spaces for each, including 500,000 units that have been built, according to information about the New Capital.
- The Governmental District is shown on the New Capital map as covering an area of 4.8 million square meters, where you can find the ministries and the government buildings.
- The Financial and Diplomatic Districts, where there are the embassies, span an area of 1,500 acres, according to information about the New Capital.
- The New Capital map also outlines the Central Business District, which includes 20 towers and the Iconic Tower, the tallest tower in Africa.
- The New Capital map identifies such significant landmarks as Al-Fattah Al-Aleem Masjid, the Cathedral of the Nativity of Christ, the St. Regis Almasa Hotel, the New Opera House, and Knowledge City, in addition to investment and entertainment areas such as Downtown, according to information about the New Capital.
Best New Capital Projects
Since the announcement of the New Administrative Capital, it has witnessed a great number of people who would like to invest in land reservations and building projects at the highest standards, due to the importance of the New Capital. The New Capital has been distinguished by being the first smart and sustainable city in Egypt.
Also, the New Capital company for Urban Development has put strict requirements in place to guarantee a high standard commensurate with this huge project. Among these requirements is providing the residential and commercial units with Fiber to the X (FTTx) for advanced communication services, according to information about New Capital.
In addition, the New Adminstrative Capital company for Urban Development has set requirements for providing high-standard services like data centers, smart utility networks, smart parking, smart lighting pole systems, and surveillance cameras, which enhances the importance of the New Capital.
The New Administrative Capital relies on modern technology in waste management, transportation, irrigation, lighting, and communications. Besides, the New Capital projects provide building management systems, daily life management platforms, smart cards, advanced health and education systems, and e-payment, in addition to standard public safety services, according to information about New Capital.
The Best New Capital Compounds
The best places in the New Capital offer an array of luxurious residential compounds and commercial projects. With the city’s rapid development, investors have the opportunity to choose from some of the best places in the New Capital, such as IL Bosco and Armonia compounds.
These communities not only provide beautifully designed apartments and villas but also boast a variety of amenities, making them among the best places in the New Capital for those seeking comfort and luxury. When exploring the best places in the New Capital, compounds like De Joya and Park Lane stand out for their prime locations and exceptional living spaces.
De Joya and Park Lane offer residents modern facilities and convenient access to commercial areas, ensuring they are some of the best places in the New Capital to live and invest. These developments also include green spaces, sports clubs, and entertainment venues, enhancing the overall lifestyle experience.
For those looking to invest in commercial units, the best places in the New Capital include East Tower and Nile Business City. These towering structures not only add to the skyline but also offer state-of-the-art commercial and office spaces, marking them as some of the best places in the New Capital for business ventures.
In the next lines, you can find a review of some of the best New Capital compounds and malls:
IL Bosco New Capital Compound By Misr Italia
IL Bosco New Administrative Capital is one of the largest eco-friendly New Capital compounds, with an investment of 5.5 billion EGP, according to the Executive Chairman Hany El Assal, in March 2024. IL Bosco extends over 268 acres in the Investors District and overlooks the Green River.
In the IL Bosco New Capital Compound, you can find a variety of villas and apartments, surrounded by some facilities like a sports club, medical centers, green spaces, and artificial lakes, according to information about New Capital compounds, which makes it one of the best choices to live in the New Capital.
Armonia New Capital Compound By TLD
TLD established Armonia New Administrative Capital Compound on a space of 42 acres, with 80% of the area dedicated to the green spaces and paths for walking and running. Armonia offers a wide variety of living spaces ranging from 1-bedroom apartments to 4-bedroom villas known as Celio Villas.
Living spaces range from 87 sqm to 347 sqm to serve all customers’ needs. Armonia New Capital Compound is located in R7, near the Diplomatic District and the New Opera House, making it one of the top New Capital compounds.
De Joya New Capital Compound by Taj Misr
De Joya New Capital Compounds includes 3 compounds located in the best locations in the New Administrative Capital. In De Joya New Capital Compounds, you can find apartments and villas, with areas starting from 70 meter square, in addition to other entertainment and commercial services. These facilities place it among the prominent New Capital compounds.
Park Lane, New Capital Compound by El Attal
Park Lane Compound New Capital extends over 26 acres and is located in R7 near the Embassy Districts, where you can find residential units with areas starting from 87 meter squares. It provides integrated services like shopping centers and sports clubs, making it one of the highly sought-after New Capital compounds.
East Tower New Capital by UC Developments
East Mall New Capital is the tallest commercial tower in the New Administrative Capital, where you can find 40+ floors, and it is located in the Central Business District, near the Iconic tower. East Tower New Capital Compound offers commercial and hotel units that feature an integrated modern design, standing out among other New Capital malls and compounds.
Nile Business City New Capital by Nile Developments
Nile Business City is the tallest tower in Downtown and the second tallest tower in the New Administrative Capital. It extends over an area of 296,000 meters. Nile Business City includes commercial, medical, and hotel units. With 60 elevators and luxurious facilities such as a restaurant complex, it is a key feature among New Capital malls and compounds.
Lafayette Mall, New Capital By HomeTown
Lafayette Mall is located in Downtown and is considered one of the most prominent New Capital malls in the area. Lafayette has 42,962 meter square as a sellable space and offers multi-service commercial units, including an ice skating rink and the largest bowling center, making it a significant attraction in the area alongside other New Capital malls and compounds.
The Best New Capital Developers
The New Administrative Capital is an attractive hub for real estate investment, with many major real estate development companies participating in developing mega projects. Here is a look at the most prominent of the best developers and their New Capital projects:
Misr Italia Properties
Misr Italia is one of the first developers in the New Capital and has presented successful New Capital projects such as IL Bosco and Vinci. It has over 35 years of experience led by businessman Hany El Assal and is distinguished by presenting eco-friendly projects.
Better Home Group
Better Home was established in 2003; it presented Midtown projects, which include four distinctive compounds such as Midtown Villa, Midtown Condo, Midtown Solo, and Midtown Sky. It is characterized by international designs and high-end services. The company has earned a reputation for excellence in creating luxurious and innovative living spaces.
Castle Developments
Castle Developments is one of the leading companies in real estate development in partnership with MCDR Misr for Central Clearing, Depository, and Registry. It presented the Castle Landmark Compound, which is one of the most significant New Capital projects in R7.
Taj Misr Developments
Taj Misr Developments has launched De Joya New Capital projects, which have become one of the most successful projects in the New Administrative Capital. Taj Misr was established in 2006 and has huge experience in providing various projects. Their commitment to quality and innovation continues to set new standards in the real estate market.
The Land Developers (TLD)
With over 38 years of experience, The Land Developers offers Armonia Compound, which is considered one of the most distinguished projects in the New Capital, offering residential units with various areas and services. Their extensive expertise ensures a high level of craftsmanship and attention to detail in every aspect of the development.
Nile Developments
Nile Developments is one of the most prominent developers in New Cairo, as it has presented more than 100 projects. One of its latest projects for Nile Developments in the New Administrative Capital is 31 North Tower New Capital. The company is renowned for its commitment to innovative design and high-quality construction.
Hometown Developments
Hometown Developments is famous for providing a group of prominent commercial malls in the New Capital, such as Udora Mall New Capital. Hometown Developments aims to provide innovative designs and modern commercial facilities. Their projects are known for enhancing the retail experience and contributing to the city’s economic growth.
Urbnlanes Developments
Urbnlanes Developments is associated with Emeel Abdallah Investments and First Group, which presents Levels Business Tower, which consists of 41 floors. The collaboration brings together expertise to create a landmark structure designed for modern business needs. The tower features cutting-edge facilities and flexible office spaces to accommodate a range of business requirements.
Menassat Developments
Menassat Developments has a long history in real estate development and recently launched the New Administrative Capital with the Podia Tower, an innovative project that represents a new journey for Menassat in the New Capital. The project is set to redefine modern living with its advanced design and state-of-the-art amenities.
Amazon Urban Development
Amazon Urban Development is a leading Emirati company, presented the Capital Diamond Tower New Capital as one of its most significant investments in the New Administrative Capital. Amazon Developments is known for developing towers and skyscrapers. The Capital Diamond Tower exemplifies their commitment to luxury and cutting-edge architectural design.
New Capital Unit Prices Per Meter
When evaluating the investment potential in the New Capital, understanding New Capital unit prices per meter is crucial. The New Capital unit prices per meter vary depending on location and amenities, but overall, they offer a competitive edge in the market.
Buyers should carefully compare New Capital unit prices per meter across different projects to find the best value. For those seeking long-term investment opportunities, analyzing trends in New Capital unit prices per meter can provide valuable insights into future growth and profitability.
Despite the huge cost of establishing the New Capital, its advanced technology, and its modern infrastructure, it is not directed at a specific social class, as some may think, but rather the New Administrative Capital suits all segments of society through various projects that suit different levels.
Anyone can book New Capital units or an apartment in the New Capital easily and achieve a great return on investment (ROI) thanks to the promising future and competitive New Capital apartment prices per meter. The Ministry of Housing, Utilities & Urban Communities offers special offers to book New Capital units or apartments for sale in the New Capital.
Additionally, the availability of diverse New Capital units further enhances this investment opportunity. New Capital unit prices per meter are a key factor in this evolving market, with New Capital unit prices per meter offering competitive advantages. This flexibility in pricing and unit options attracts a wide range of investors and buyers.
New Capital Apartment Prices
When considering a property investment, it’s essential to understand the New Capital prices in detail. The New Capital prices vary significantly depending on the location and type of unit you’re interested in. For prospective buyers, keeping track of the New Capital prices can help in making an informed decision.
New Capital prices are influenced by various factors, including market demand and the development of infrastructure. Monitoring changes in New Capital prices will allow investors to identify trends and potential opportunities. Always consult recent data to get the most accurate view of New Capital prices before making any commitments.
Additionally, prospective investors should be aware that New Capital prices for different types of properties can fluctuate. Residential units, commercial spaces, and villas all have their own New Capital prices, which can vary widely. Analyzing the New Capital prices for each property type is crucial for making a strategic investment.
By staying updated on the latest New Capital prices, investors can better gauge the market and secure the best deals available. Many people wonder about the New Capital apartment prices, and some believe that New Capital apartment prices per meter are high, but the reality is different.
Our New Capital guide says that the developers compete to offer the best New Capital unit prices and payment plans for their clients, which provides distinctive opportunities to buy apartments for sale at the best New Capital unit prices, which makes it an opportunity to buy a unit in the New Capital.
As for those who want larger units and more private spaces, there are many projects that offer villas with modern designs while facilitating the booking requirements for both apartments and villas. New Capital villa prices are also competitive and offer excellent value. In addition, New Capital villa prices contribute to the overall appeal of investing in the New Capital.
New Capital unit prices have seen significant interest lately due to the city’s rapid development. Many investors are exploring the market as New Capital unit prices remain competitive, offering flexible payment plans and high return. As demand continues to grow, New Capital unit prices are expected to rise, so you need to secure a unit in the New Capital soon.
New Capital Villa Prices
When evaluating property investments in the New Capital, it is crucial to understand the impact of New Capital villa prices on your decision-making process. New Capital villa prices can vary widely based on location, size, and amenities, which makes it essential to compare New Capital villa prices across different projects.
Prospective buyers should pay close attention to New Capital villa prices to ensure they are getting the best value for their investment. By keeping track of fluctuations in New Capital villa prices, investors can make more informed choices and potentially secure a property at a favorable rate.
Moreover, analyzing New Capital villa prices is key for those looking for luxurious and spacious living options. The New Capital villa prices are generally reflective of the overall market trends, so staying informed about New Capital villa prices will help investors gauge the market better.
With many projects offering competitive New Capital villa prices, it is important to evaluate each option thoroughly. New Capital villa prices can offer significant advantages for those seeking high-end properties, making it essential to track these prices regularly for the best investment outcomes.
The Most Prominent Neighborhoods in the New Capital
The New Capital is one of the largest projects in Egypt and includes a group of diverse neighborhoods that have been carefully planned to meet the needs of different segments of society. As our New Capital guide says, the first phase is divided into eight residential neighborhoods (R1 to R8), in addition to neighborhoods designated for investment and private projects.
Below we review the most prominent neighborhoods:
The New Capital Districts R1 to R6
These districts are owned by the government under the supervision of the New Urban Communities Authority and are located on both sides of the Green River and Bin Zayed Axis. They include the Third District (R3), where you can find projects such as Al Maqsad Compound, and the Fifth District (R5), known as “New Garden City.”
The Seventh District R7
R7 extends over an area of 1,500 acres and includes more than 30 residential projects affiliated with private developers. It is featured by its distinguished location south of the Investors Area and its proximity to international universities such as the British and Russian universities. The Seventh District R7 includes a global commercial center implemented by Al-Futtaim Group.
The Eighth District R8
As the New Capital guide says, the Diplomatic District is on the west of the Eighth District R8, which extends over an area of 2,500 acres. R8 includes a group of upscale residential projects and private companies, with large green spaces, clubs, and international hotels, making it one of the most significant residential neighborhoods in the New Capital.
Investors District
It is located near the Green River and the Southern Bin Zayed Axis and is close to the Seventh District and the Diplomatic District. Investors District is distinguished by its proximity to the Downtown and includes 14 residential projects, including “IL Bosco Compound” by Misr Italia.
Diplomatic District
Diplomatic District is dedicated to embassies, United Nations headquarters, and international organizations and is located between the Seventh District (R7) and the Eighth District (R8). Diplomatic District extends over an area of 1,500 acres and provides a safe environment for the diplomatic bodies.
Governmental District
It is located east of the New Capital and extends over an area of 150 acres and includes the headquarters of the Prime Minister, the House of Representatives, the Senate, and 34 government ministries. The Governamental District is considered the heart of the new Egyptian Republic, with an estimated cost of 50 billion EGP.
Financial and Business District
As a part of the Governmental District, the Financial and Business District extends over an area of 1.7 million square meters. The Financial District includes commercial towers, such as the tallest tower in Africa, the Iconic Tower, in addition to the headquarters of financial institutions and banks.
Downtown
As the New Capital guide says, Downtown is located in the heart of the New Capital and extends over an area of 1365 acres. It includes many shopping malls and luxury hotels and is considered a huge commercial center in the New Capital.
Hope Axis Area MU23
It is located between the R2 and R3 Districts and is considered one of the most important commercial areas, thanks to the Hope Axis Area MU23 location on one of the main entrances to the New Capital from the Suez Rd, and Hope Axis includes a group of multi-use malls.
Investing in the New Capital Privillages
If you would like to invest in the New Capital, we can say that the New Capital is an ideal choice for investment. The New Capital has a great potential of attracting local and foreign investors thanks to its modern infrastructure, upsacle districts, and skyscrapers.
We can say that the New Capital is a center of housing, shopping, and investment. The New Capital is distinguished by its design as a sustainable green city, which increases the return on investment (ROI). Its commitment to eco-friendly infrastructure and modern amenities further amplifies its appeal to investors and residents alike.
Investing in the New Capital Defects
The Egyptian Government made a great effort in planning, designing, and implementing the New Capital and has taken care of the smallest details to make it an eco-friendly city. While some may consider that there is a risk in living there as it is a new city that may lack of services.
We have to say that this matter has no relation to reality, as the government, including ministries and government bodies, have been transferred to the New Capital, and this is a good message to the investors that the New Capital is ready for work and housing in an integrated community.
