By the beginning of 2023, have the prices of commercial units changed in the New Administrative Capital?

What impact will the rise in the dollar have on the prices of commercial units in the New Administrative Capital in 2023?

Some people are asking, by the beginning of 2023, have the prices of commercial units in the New Administrative Capital changed? The answer is yes, as the real estate market has been affected recently by the rise of the dollar. It is certain that real estate will jump unexpectedly, which may reach 20%, and this percentage is large and we have not seen it before in the market. The reason for this is due to the increase of prices in building materials (iron and its price increase, machinery and equipment used by many companies, whose prices have increased due to the increase in the price of importing equipment and machinery from abroad), meaning that the price per square meter will rise by 10 to 20%, and this percentage is for the second time, Consecutively in the same year, which will lead to a significant increase in unit prices.

Commercial Investment in New Administrative Capital

The new administrative capital was built on an area of 170,000 acres (688 km²), and it is about 60 km away from Cairo and about 65 km from Suez from the east. From the south it is bordered  by Cairo Road, Ain Sukhna, and the Eastern Desert. And from the southwest, 15th of May City is located, and from the southeast, Ain Sukhna is 55 km away.

Commercial investment in the New Administrative Capital is one of the best investment opportunities that many investors must take advantage of.

The reason for this is due to the presence of a large number of commercial projects that exist in the New Capital, which include the largest number of different commercial units in terms of design, areas, prices, and location.

The price per commercial meter in the New Administrative Capital starts from 20,000 pounds, in addition to many discounts and offers offered by the companies developing these projects.

Therefore, the search for the cheapest meter price in the Administrative Capital has become a concern for many investors and those wishing to buy commercial units in the New Capital.

Therefore, many investors searched for shop prices in the New Administrative Capital, as well as shops for sale in the Administrative Capital, to take their first steps in the path of successful commercial investment.

The New Administrative Capital, or as it is known as the New Republic or the future capital of Egypt, which is a giant edifice of the fourth generation cities and is managed through the Administrative Capital Company for Urban Development. The decision to establish the new administrative capital came with Resolution No. 75 of 2016, which was issued by President Abdel Fattah El-Sisi after a  Conference for the support and development of the Egyptian economy, which was held in the city of Sharm El-Sheikh in March 2015, according to which the capital was established with a capital of 6 billion. The National Service Projects Agency, the Armed Forces Projects Agency and the Urban Communities Authority participated in its establishment under the supervision of the presidency of the Board of the Capital Company represented by  Major General / Ahmed Zaki Abdeen and Major General / Hani Muhammad Al Miniawy, along with 13 other members.

Advantages of buying a commercial shop in the New Administrative Capital

There are many advantages that you will get once you own a commercial shop in the New Administrative Capital, where the New Capital is one of the most important places where all the services and facilities you need are available. It also has many benefits that will positively affect the size of your commercial activity and your company, and these features include the following:

• The New Capital enjoys an ideal location that makes it the focus of attention of many investors, due to its proximity to all vital places, in addition to the giant road network that connects it to all other governorates.
• Most of the commercial shops in the new capital's projects use a sustainable energy system, in which they rely on clean energy sources, so all projects have solar panels.
• The Administrative Capital uses the latest technological methods, as projects are fully managed with advanced technologies that facilitate movement within them.
• There is a giant transportation network in the Administrative Capital that facilitates access to it from all other regions, as well as the presence of the monorail that will connect the NewCapital to the center of Cairo within a very short period, which facilitates movement to and from it.
• All commercial projects in the New Capital have been established according to the latest designs and constructions by the most skilled architects, engineers and designers.
• There are all types of commercial units in the Administrative Capital with various designs, prices, and spaces suitable for all commercial projects, which encourages investors to invest in the New Administrative Capital.
• There are green spaces and landscapes among the units in the New Capital, which adds an aesthetic touch to the various activities, in addition to the units' proximity to the capital's most important landmarks such as Al-Massa Hotel, the Green River, the government district, the financial and business district, and many other landmarks.
• The New Capital has the highest level of security and protection that operates 24 hours a day, which provides you with complete security when purchasing your unit within the New Administrative Capital.
• Inside the Administrative Capital, there are many entertaining areas such as health clubs, sports fields, swimming pools, a gym, and a spa, which provides you with complete pleasure for you and your children at any time.

Shops areas in the New Administrative Capital

The areas of commercial units within the Administrative Capital have been diversified because each developer company wants to provide customers with the best spaces that suit them and the volume of investment activities that they provide. The area of commercial shops in the Administrative Capital depends on the size of the total built up area on which the project is built. The area of commercial shops in the Administrative Capital ranges From 15 to 150 meters for ready-to-deliver units.

The prices of the shops in the New Administrative Capital depend on many factors, which differ from one company to another, as the prices of the shops in the New Administrative Capital are determined by the company based on the location of the project and the spaces it provides, as well as the services, facilities and means of entertainment that it provides to customers and investors. You must choose the prices that suit your capabilities for your desired business.

It is beneficial for you to choose the price of the commercial shop in the Administrative Capital based on the specifications that you want in the shop, which are compatible with your capabilities and the size of your commercial activity, as the prices of commercial stores in the Administrative Capital start from 800,000 to 10,000,000 Egyptian pounds.

The price of a commercial square meter in the New Administrative Capital has become one of the things circulating in the recent period, as many people wonder about the prices of the shops in the New Administrative Capital in order to buy them and establish many different projects such as huge shopping malls.

The best shops for sale in the malls of the New Administrative Capital

There are many huge malls in the New Administrative Capital, whose units vary to suit all investment activities, and among these malls:

Commercial shops, medical clinics, and administrative units for sale in the New Administrative Capital at Mercury Business Complex

Contact Developments announced the launch of its first project in the New Administrative Capital, which is Mercury Business Complex, which is an administrative, medical and commercial mall located in the New Administrative Capital, specifically in the Downtown area, with the best plot of land and enjoys a wonderful view of the most important landmarks of the New Capital from the Green River, Al-Massa Hotel, Souq Al-Dahab, the Islamic complex, the financial and business district.

Mercury Business Complex is located in the heart of the Downtown area, specifically in plot No. 80, which is the first plot of land after the towers located on the northern axis of Mohammed bin Zayed. The mall is located near the Mosque of Egypt, which extends over an area of 68 acres, and near the Green River, Al-Massa Hotel, the gold market, the monorail station, the government district, and the area Business and financial district.

Commercial Shops, medical clinics and administrative offices for sale in the New Administrative Capital, QuanTower

Contact Developments has launched its second project in the heart of the New Capital, opening the door for reservations in its most luxurious project in the Central Business District (CBD) with it’s Quan Iconic Tower located in New Capital, which enjoys a wonderful view of the iconic tower, the largest tower in Africa, the Green River and Al Masa Hotel. The units of Quan Tower varied between medical, administrative and commercial, fully finished, with a discount of up to 20%.

Quan Iconic Tower, in the new administrative capital, was established in a very privileged location in front of the Iconic Tower, and Contact Development has offered competitive prices for its units within Quan Tower.

Quan Iconic Tower, the New Administrative Capital, is located in the Central business district, in front of the Iconic Tower and the central business district, and it is one of the best and most important investment places in the Administrative Capital. The project is located directly on 3 main axes, and the width of each axis is estimated as follows:

The first axis is about 50 meters wide, the second axis is about 42 meters wide, and the third axis is 35 meters, where the mall is minutes away from the Green River and the central park, the largest central park in the world, and Al Masa Hotel, in addition to its proximity to the regional ring road, the Suez Road, and the Masr Mosque.

Commercial Shops for sale in the New Administrative Capital at Cayo Mall

Cayo Mall New Capital is one of the most important investment projects in the New Administrative Capital. It is considered the third project for Contact Developments in the New Capital, which it established after the huge successes achieved by its two previous projects in the New Administrative Capital.

Contact Developments was keen to use the latest designs with the highest quality, in addition to its interest in providing all basic and entertainment services that meet the requirements of customers, and for this reason the project was able to compete with other investment projects.

Prices of commercial units in the New Administrative Capital

The prices of commercial units in the Downtown area start from 800,000 EGP.

There are many commercial units available in the seventh residential neighborhood, R7, with an estimated value of 900,000 EGP.

The prices of shops in the eighth residential neighborhood R8 are close to the prices of units in R7, estimated at 850 thousand EGP.

As for the prices of commercial units in the financial and business district, they are estimated at about one million and 500 thousand pounds inside the commercial malls.

The prices of shops in the Central Business District are very close, as the shop price is about 1,250,000 EGP..

After knowing the prices of commercial units in the New Administrative Capital, you should think about commercial investment by reserving your commercial unit in the New  Administrative Capital within the most luxurious projects of Contact Developments, which has an unparalleled commercial aspect.