EGP 4,250,000
3 Bedrooms Apartment for Sale in Third Quarter New Cairo
New Cairo, also known as Cairo Governorate, is a relatively new suburban city located in the Eastern part of the Egyptian capital. The city was established in the early 2000s to ease the population congestion in central Cairo, and it has grown to become the fastest-growing city in Egypt.
The Third Quarter of 2021 in New Cairo has been marked by a flurry of activities, from business expansions to new residential developments. Here are some of the key highlights of the quarter:
New Shopping Mall
The opening of a new shopping mall in New Cairo shows the growth potential of the city. Toulon mall, located in the heart of New Cairo, is a modern shopping center that features a broad range of stores, restaurants, and entertainment options. The mall is expected to attract shoppers from various parts of the city, which will further stimulate the local economy.
Business Expansion
The Third Quarter of 2021 saw several leading companies expand their operations in New Cairo. Among them is Amer Group, one of the leading real estate developers in Egypt. The company launched a new project named Porto Graduates targeting university students in New Cairo. The project comprises residential units, recreation areas, and a range of amenities.
New Residential Developments
New residential developments in New Cairo have become a focal point of the Third Quarter of 2021. Several real estate companies, including EMAAR Misr, Tatweer Misr, and Palm Hills Developments, have launched new projects in the city. The projects target middle and high-income segments and offer modern and sophisticated designs, state-of-the-art amenities, and superior finishing.
Infrastructure Upgrades
The government of Egypt, through the New Urban Communities Authority (NUCA), has launched several infrastructure projects in New Cairo. These include road expansions, construction of new flyovers, and upgrades to the existing sewage system. The projects aim to enhance the city's connectivity, which will make it more attractive to investors and residents alike.
In conclusion, the Third Quarter of 2021 in New Cairo has been marked by significant activities, reflecting the city's growth potential. With more business opportunities, new residential developments, and infrastructure upgrades, New Cairo is becoming an increasingly desirable place to work, live, and invest in Egypt.