City Edge Developments (CED) was established in 2017 as a partnership between the New Urban Communities Authority and the Housing and Development Bank. CED offers top quality mixed-use developments fostering an atmosphere of creativity and innovation with the aim of becoming a national brand for premium real estate developments in Egypt. The partnership with New Urban Communities Authority and the Housing and Development Bank allow CED to bring forward superior quality products and first class solutions that cater to the modern lifestyle and add value to the Egyptian real estate market.
In 2018, City Edge Developments launched its first 3 projects; Etapa in Sheikh Zayed City, North Edge Towers in New Alamein and Zahya in New Mansoura. With unprecedented demand for their projects, the company achieved EGP 11 bn by the end of 2018.
This month, City Edge announced its first residential compound in the New Capital - Al Maqsad. The Arabic word for "The Destination" Al Maqsad highlights the importance of the New Capital as Egypt's future destination. The development is located in the third residential district (R3) stretching over 211 acres. Al Maqsad occupies a prime location due to its close proximity to the New Capital’s Smart City, Sport City and the Canadian University. It is also a short drive away from the Central Business District which is being implemented by the China State Construction Engineering Corporation (CSCEC) comprising 20 high rise towers, one of which will be the highest in Africa.
Al Maqsad New Capital features a total of 952 exclusive villas which range from town houses, twin villas to standalone villas.
Built up areas for homes in Al Maqsad New Capital (includes terraces):
Town Houses: 370 to 400 sqm
Twin Houses: 413 to 424 sqm
Standalone Villas: 380 to 570 sqm
Architectural Designs in Al Maqsad New Capital
Mediterranean design with a unique low-pitched red tile roof, characteristic columns, and arched windows.
Modern design with its simplicity in form and function, uncomplicated cladding and wall finishes as well as clean, open, light-filled spaces.
The interior finishing is as impressive as the exterior architectural design; featuring high quality first class ceramics or porcelain tiles for reception, living rooms, toilets and kitchen, and HDF wooden flooring for bedrooms. The walls and ceilings are painted with top of the range acrylic based paints.
Perhaps the most important thing to mention about these luxury villas is that they will be ready for delivery within 6-12 months. With as low as 5% down payment and up to 7 years payment plan, there has never been a better opportunity to own a new fully finished villa in the New Capital. Al Maqsad is the first residential compound in the New Capital to be ready for occupancy in 2019. Click here to visit our gallery page for Al Maqsad New Capital and download brochure with floor plans.