Ready to move apartment 177m for sale in Cairo Festival City New Cairo
EGP 6,900,000
Ready to move apartment 177m for sale in Cairo Festival City New Cairo
1 Bedrooms Apartment for Sale in Cairo Festival City New Cairo By Al-Futtaim Group Real Estate - Delivery Year 2022
Cairo Festival City is an expansive, multi-use real estate development located in the heart of New Cairo, Egypt. The project, which is estimated to cost around $2.2 billion, is the largest private sector real estate development in the country and is expected to be completed in 2020.
The development is made up of several components, including residential, commercial, and leisure facilities. The residential component will include over 10,000 apartments, villas, and townhouses. The commercial component will feature over 400,000 square meters of retail space, including shopping malls, restaurants, and entertainment centers. The leisure component will include a variety of sports and recreational facilities, such as a golf course, an equestrian center, and a health club.
Cairo Festival City is being developed by a consortium of Egyptian and international companies, including the Saudi-based Al-Futtaim Group, the Egyptian-based Palm Hills Developments, and the Dubai-based EMAAR Properties. The project is expected to create thousands of jobs and provide a major boost to the local economy.
Cairo Festival City is an ambitious project that has the potential to transform the city of New Cairo into a vibrant and modern metropolis. It is expected to attract international tourists and business people, as well as local residents, and will be a major contributor to the country’s economy.
Cairo Festival City Cairo Festival City is being designed by the internationally renowned firms of Callison, WATG and 5+DESIGN. Cairo Festival City features a premier indoor-outdoor retail and entertainment resort combined with spectacular luxury residential communities (Villas and Apartments), prime office spaces, internationally renowned hotels and an automotive park all set within a beautifully landscaped environment. Cairo festival City will be a state-of-the-art super regional centre and retail showcase in Greater Cairo and Egypt’s premier indoor outdoor, shopping, dining and entertainment destination. Encompassing the finest shopping, dining, entertainment, homes, school, offices and leisure, Cairo Festival City is connected by an internal road network and a necklace of parks interlaced throughout the city. Upon completion, Cairo Festival City will be home to over 13,000 residents in villas and apartments and a place to work
Al-Futtaim Group Real Estate Al-Futtaim Group Real Estate (AFGRE) is the real estate development and operations arm of Al-Futtaim group which is headquartered in Dubai. AFGRE is responsible for the origination, conception, development, procurement and construction of mega projects and the leasing, sales and operation of these projects after completion. In addition, AFGRE develops and operates an extensive multi-million dollar portfolio of individual corporate real estate and investment assets across the MENA region. The two current flagship mixed use urban communities under the Festival City brand are the award winning, Dubai Festival City (5.2 million square metres) and Cairo Festival City (3 million square metres).
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