Monorail Tower New Capital

ERG Development Company presents its latest project Monorail Tower New Capital’s Downtown area, with a distinctive view overlooking Monorail station and the Green River. The project offers a vast array of activities within the mall, featuring diverse spaces and varying prices, along with enticing discounts for a very limited time.

The location of Monorail Tower New Capital

The unique location of Monorail Tower New Capital Project’s Downtown area is one of the key features of the project. Additionally, the tower is strategically situated in the best plot of land within the tourist towers zone, in close proximity to the following:

• Directly in front of the Monorail station.
• In front of the Grand Mosque of Egypt.
• Near the Gold Market.
• Overlooking the business and banking district.
• Close to the Capitals Museum.
• With a view of the Green River and Bin Zayed Axis.
• Adjacent to the Heritage and Arts District.
• Offering a general view of the tourist landmarks in the area.

The design and space of Monorail Tower New Capital

The Area:

Monorail Tower New Capital is constructed on a 12,000 square meters plot of land, which is divided into sections for landscaping and natural views for the units within the mall. Another part is allocated for constructing the tower building.

The Design:

This grand project features an elegant architectural design, thanks to the efforts of the developer and The Prime Studio consulting office, which performed the engineering drawings for Monorail Tower as follows:

• 4 underground floors for the garage.
• The tower consists of a ground floor and 26 upper floors.
• Ground floor: Cafes, restaurants, and a pharmacy.
• First floor: Food court area.
• Second floor: Shops, a kids’ area, and a cinema.
• Third floor: Shops and a terrace (with an area of 2,500 square meters).
• Fourth and fifth floors: For medical units (clinics, radiology center, and a lab for analysis).
• From the sixth to the 23rd floor: For administrative units and offices.
• From the 24th floor to the top: For hotel apartments.

Units space in Monorail Tower New Capital

ERG Development Company has provided a wide range of diverse unit sizes in Monorail Tower New Capital, as follows:

• The commercial units start from 30 square meters.
• The medical units start from 34 square meters.
• The administrative units start from 34 square meters.
• The hotel apartments start from 60 square meters.

Services of Monorail Tower New Capital

Monorail Tower New Capital offers a variety of services and facilities, including:

• Mosque.
• Security and guard services.
• Advanced surveillance cameras.
• Electronic gates.
• Reception offices.
• Advertising facades.
• Restaurants and cafes area.
• Health club, gym, and spa.
• Children’s entertainment area.
• High-speed internet network.
• Firefighting systems.
• Smart lighting systems.
• Electric elevators and staircases.
• Central air conditioning.
• Periodic maintenance services.
• Cleaning services.
• Underground garage.
• Central shower system.

Features of Monorail Tower New Capital

• The lowest price per square meter in the tourist towers area within Monorail Tower New Capital.
• The Monorail station is located within the project’s land plot.
• The project has gained high popularity due to the presence of electric staircases connecting the tower to the Monorail station.
• The Downtown area is one of the first regions to be delivered and operational in the capital.
• It is a comprehensive project that fulfills all desires under one facility.
• All units boast unique views of landmarks and natural landscapes.
• Monorail Tower New Capital relies on solar energy to preserve the environment.
• The developer offers the longest repayment period with massive discounts in prices.

Disadvantages of Monorail Tower New Capital

At first glance, we can hardly find any significant flaw in this integrated architectural icon, Monorail Tower New Capital, with its comprehensive services and facilities. However, some small-scale investors prefer smaller spaces, especially in the commercial units, which start from 30 square meters. Similarly, we notice the presence of other projects in the area that offer even smaller spaces, starting from 15 or 20 square meters.

Prices of Monorail Tower New Capital

Prices:

• The price per square meter for medical, administrative, and hotel units starts from 27,000 Egyptian pounds.
• The price per square meter for commercial units starts from 75,000 Egyptian pounds.

Reservation Down Payment:

• For administrative, medical, and hotel units: 20,000 Egyptian pounds.
• For commercial units: 50,000 Egyptian pounds.
• For pharmacies: 100,000 Egyptian pounds.

Payment systems:

Here are the different payment systems available for purchasing units in Monorail Tower New Capital:

First System:

• 0% Down Payment.
• Installment period up to 3 years.
• Discount of 13%.

Second System:

• 0% Down Payment.
• Installment period up to 4 years.
• Discount of 8%.

Third System:

• 0% Down Payment.
• Installment period up to 5 years.
• Discount of 6%.

Fourth System:

• 5% Down Payment.
• Installment period up to 5 years.
• Discount of 3%.

Fifth System:

• 10% Down Payment.
• Installment period up to 7 years.

Sixth System:

• 10% Down Payment.
• 10% payment upon receipt of the unit.
• Installment period up to 8 years.

Seventh System:

• 10% Down Payment.
• 10% payment upon receipt of the unit.
• Installment period up to 10 years.

The owner company

ERG Development is a prominent Egyptian joint-stock company that was established in 2005 by Mr. Mohamed Moustafa Rizk. The company quickly rose among other entities in the Egyptian real estate market by adopting a different development strategy. Its approach aims to attract a wide range of customers by collaborating with Housing and Development Bank.

Its previous works:

• Diamond Tower New Capital.
• Diamond Tower 2 New Capital.
• Villas project in Ras El Bar.
• City Life Compound.
• City Life 2 Compound.

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