Noor New Capital apartment for resale
EGP 3,360,000
Noor New Capital apartment for resale
2 Bedrooms Apartment for Sale in Noor New Capital By TMG - Delivery Year 2026
Noor New Capital is a new city located in the desert of Egypt, approximately 25 kilometers east of Cairo. It is a planned city that is being built from scratch and is expected to become the new administrative and economic capital of Egypt.
The project was announced in 2017 by the Egyptian government and is being implemented by the New Urban Communities Authority and the Ministry of Housing. It is expected to be completed by 2022 and will span an area of 40,000 acres.
The city will be divided into five different districts, which will include residential, commercial, industrial, educational, and recreational areas. It will also feature a variety of amenities, such as shopping malls, hotels, hospitals, and universities.
The project is estimated to cost around $45 billion and will be funded by private investments, international aid, and the Egyptian government. It is expected to create over two million jobs, both directly and indirectly.
Noor New Capital is expected to become a major hub for business and commerce, as well as a destination for tourists. It is also expected to reduce the population pressure on Cairo, which is one of the most densely populated cities in the world.
The project has been met with some criticism, however, due to its high cost and potential environmental impacts. Critics have also raised concerns about the displacement of local communities, as well as the potential for corruption and mismanagement.
Despite these criticisms, Noor New Capital is expected to be a major success for Egypt and could become a model for other countries looking to develop their own cities from scratch.
Noor Noor is a smart, eco-friendly city spanning over 5,000 feddans, its well-designed and detailed master plan is the result of a collaborative effort between three top American design firms: SWA, SASKI, Perkins Eastman and BCG, to represent a new model of the twenty-first century’s cities, providing a new level of integrated modern housing, and enhancing a contemporary community lifestyle in a healthy and safe environment, and a new model for sustainable development, being one of the fourth generation cities.
TMG Talaat Moustafa Group (TMG) Holding is a leading conglomerate with special emphasis on developing integrated communities, including but not limited to mixed-use real estate and hospitality projects across Egypt’s key cities, with a land bank of 53 million square meters. The group has a strong track record of 50 years in the housing and real-estate development industry, having developed over 33 million sqm of land and sold over 90,000 units.
Other properties for sale in Noor
Green color means pay in installments
New Capital
2 Bedrooms