In the fourth appearance of ERG Real Estate within New Capital and the first residential experience, they introduce Ri8 New Capital Compound, situated in the heart of Residential District 8, in a distinctive geographic location. Additionally, it is a project with unique architectural designs, elegant and modern facades.
Get to know: Oia New Capital Compound
The location of Ri8 New Capital Compound
The project is located in Residential District 8 (R8), one of the most distinguished neighborhoods in New Capital, as it sits on a high hill compared to the rest of the districts. Therefore, the compound is positioned as the second piece of land from the central axis, just 3 minutes away from the Green River.
Notable nearby locations to Ri8 New Capital Compound include:
- In close proximity to Bin Zayed South Axis.
- Near the Diplomatic District and Hope Axis.
- Within minutes from the Central Business District and the Government District.
The space and design of Ri8 New Capital Compound
The real estate developer has combined the allocation of the land area between providing all necessary facilities and maintaining the required limited space to create a cohesive residential community. Therefore, the total land area is approximately 25 acres.
As for the unit sizes, they are as follows:
- Apartments for sale in Ri8 New Capital Compound start from 138 square meters.
- Duplexes start from 280 square meters.
Engineer Mohamed Hafez made significant efforts to create an innovative engineering design for the residential project Ri8 New Capital Compound. The project includes an underground garage covering the entire area, consisting of 2 levels. It’s worth mentioning that each floor in every building contains 4 residential apartments.
Services of Ri8 New Capital Compound
- Mall with an area of 17,000 square meters.
- Medical services.
- Restaurants and cafes.
- Jogging tracks.
- Children’s area.
- Reading areas.
- Swimming pools.
- 2 elevators in each building.
- Security services.
- Surveillance cameras.
- Maintenance services.
- Green spaces.
- Mobile app for the compound.
Features of Ri8 New Capital Compound
- The units are equipped with a smart home system.
- There are special services for each residential building.
- The project enjoys one of the best locations in District R8.
- The developer offers units at the lowest price per square meter in New Capital.
Disadvantages of Ri8 New Capital Compound
Due to the newness of New Capital, owning a residential unit in the city may not be suitable for some customers, especially those looking for immediate housing. However, it presents a promising opportunity for long-term investors, especially since the delivery of units in the R8 project is scheduled for the year 2026.
Prices of Ri8 New Capital Compound
- Apartments in Ri8 New Capital Compound, start at a price of 1,770,000 Egyptian pounds.
- The price per square meter in Ri8 New Capital Compound, starts from 10,890 Egyptian pounds.
Payment systems of Ri8 New Capital Compound
The first option:
- 25% down payment.
- Installments over 4 years.
- 25% discount.
The second option:
- 10% down payment.
- Installments over 7 years.
The third option:
- 15% down payment.
- Installments over 8 years.
The fourth option:
- 20% down payment.
- 10% to be paid after 2 years.
- Another 10% to be paid after 3 years.
- Installments over 10 years.
The developer company
ERG Real Estate Development Company possesses a cumulative experience of up to 17 years and is a partnership between four institutions, which are as follows:
- ERD Real Estate Company.
- ERZAK Real Estate Company.
- ERZAK Navigation Company.
- ERZAK for Import and Export of Timber.
The most important previous projects of ERG are:
- Monorail Tower New Capital.
- Diamond Tower New Capital.
- Diamond Tower 2 New Capital.
- City Life Compound in Ras El Bar.
Real estate transactions are one of the crucial decisions in an individual’s life, and with the spread of various real estate scams and unreliable companies, the real estate website Korastsherot offers you a selection of the most important experts in the Egyptian real estate market, to help you make a proper purchase decision.
The real estate developer
ERG Real Estate Development Company
The project’s location
R8, Plot H3
The project’s area