EGP 41,300,000
Office for Sale in Cairo Festival City - New Cairo By Al-Futtaim Group Real Estate - Delivery Year 2023
Cairo Festival City is a large-scale residential and commercial development located in New Cairo, Egypt. The development is set to become one of the largest and most important projects in Egypt, and is being built on a sprawling 350-acre site.
The development will include a mix of residential, commercial, and leisure facilities, including a shopping mall, luxury hotels, a golf course, and a theme park. The development is being built in phases, with the first phase set to be completed by 2021.
The first phase of the development will include a shopping mall with over 400 stores, a luxury hotel, and a movie theater. The shopping mall will feature a mix of international and local brands, as well as a variety of restaurants and cafes. The hotel will feature over 500 rooms and suites, while the movie theater will have six screens.
The second phase of the development will focus on leisure and entertainment, with a theme park, a golf course, and a water park. The theme park will feature a variety of rides and attractions, while the golf course will have 18 holes. The water park will have a variety of pools and slides.
The development is expected to create thousands of jobs for the local economy, as well as attract tourists from around the world. It is estimated that the development will generate over $1 billion in economic activity.
Cairo Festival City is set to become a major landmark in New Cairo and Egypt, and is expected to be a major draw for tourists. The development is expected to be completed by 2025.
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).