Property or Location in Egypt

107 sqm Serviced Apartment for sale in Lake Residence, New Cairo

Property type Serviced Apartment
Property size 107 sqm
Finishing Deluxe Finishing
Project name

Lake Residence

Developer

Al Marasem Developments

District Golden Square
Area New Cairo
City Cairo
Status

Ready To Move

Developer CodeLR/E-413
SupplierAl Marasem Developments
LicenseResidential
TypeServiced Apartment
DeveloperAl Marasem Developments
ProjectLake Residence
FinishingDeluxe Finishing
Status 2Ready To Move
Bua107
Sale Price4832000
Price Per M Bua45158.878504673
Payment Plans24.5.5.0,32.10.10.0
CountryEgypt
CityCairo
AreaNew Cairo
DistrictGolden Square
Sold1

Lake Residence Master Plan

Master Plan

What is the price for Serviced Apartment in Lake Residence , New Cairo ?

The price for Serviced Apartment in Lake Residence , New Cairo is 4,832,000 EGP

Properties For Sale

Properties For Sale

All prices on elbayt.com website are starting prices. All the prices are updated and provided by project developer.

Last updated: Feb 2023

Size Type Bedroom Finishing No of years District Area Project
132 Sqm Serviced Apartment Deluxe Finishing 6 Golden Square New Cairo Lake Residence
130 Sqm Serviced Apartment Deluxe Finishing 6 Golden Square New Cairo Lake Residence

Your Ultimate Guide to New Cairo: The Best Real Estate Market in Egypt

New Cairo, a burgeoning gem in the heart of Egypt, has rapidly transformed into a sought-after real estate destination for both residents and investors. 
 
The New Cairo Advantage for Residents:
 
- Flourishing Communities:
New Cairo stands out for its meticulously planned communities that blend modernity with a touch of tranquility. With a range of property types, from luxurious villas to cozy apartments, New Cairo caters to diverse preferences. Prominent communities like Hyde Park, Mountain View, and Palm Hills offer serene environments and access to world-class amenities, making them attractive to families and individuals alike.
- Lifestyle and Landmarks:
Living in New Cairo offers an unparalleled lifestyle. The area boasts a plethora of shopping centers, entertainment venues, and dining establishments, ensuring residents have everything they need within arm's reach. Landmarks like the American University in Cairo (AUC) and Cairo Festival City Mall add to the area's charm, creating a vibrant and dynamic atmosphere.
- Education and Health:
For families, New Cairo is a haven of educational and healthcare institutions. Renowned schools like Cairo English School and Future International Schools provide top-notch education, while world-class hospitals such as Dar Al Fouad and Al Borg Medical Laboratories ensure access to quality healthcare services.
 
Attractions for Investors:
 
-High Return on Investment (ROI):
New Cairo's real estate market has demonstrated consistent growth, offering investors an attractive ROI. The demand for premium properties, coupled with the area's development potential, contributes to the appreciation of property values over time. Investors can capitalize on this upward trajectory to secure substantial returns.
-Thriving Business Environment:
New Cairo is not only a residential haven but also a thriving business hub. The area is home to numerous corporate offices and business parks, attracting a steady influx of professionals and expatriates. This demand for commercial spaces presents lucrative opportunities for investors interested in diversifying their portfolios.
- Strategic Location:
Positioned strategically between Cairo's city center and the Suez Canal Economic Zone, New Cairo benefits from its proximity to key economic and trade zones. Its well-connected road network and accessibility to the Cairo International Airport make it an ideal location for businesses to flourish, further enhancing the value of real estate investments.
- Infrastructure Development:
Investors are drawn to New Cairo due to ongoing infrastructure development projects. These projects not only enhance the quality of life for residents but also contribute to the overall appeal of the area. From improved transportation networks to upgraded utilities, these developments increase the desirability of properties for both residents and potential tenants.
 
New Cairo's real estate market presents an enticing blend of residential comfort and investment potential. With its thriving communities, modern lifestyle amenities, and strategic location, it's an attractive choice for those seeking a new home and investors aiming to maximize their returns. As this dynamic area continues to evolve, the New Cairo real estate market promises a bright future for all who are part of it. Whether you're looking for a place to call home or an opportunity to grow your investment portfolio, New Cairo has something remarkable to offer.

Reference: https://en.wikipedia.org/wiki/New_Cairo

Al Marasem Developments Lifestyle: An Insider's Guide to Egypt's Real Estate Developer

In the bustling landscape of Egypt's real estate industry, Al Marasem Developments stands as a beacon of innovation, commitment, and exclusivity. With a steadfast history, a remarkable portfolio of projects, and a reputation that speaks volumes, we'll delve into the heart of Al Marasem Developments. 
 
A Chronicle of Excellence and Commitment:
Founded with a vision in 1997, Al Marasem Developments swiftly embarked on a mission to redefine urban living in Egypt. The company's unwavering commitment to excellence has led it to become one of the nation's most prominent contractors. Over the years, Al Marasem Developments has left an indelible mark on the real estate landscape, crafting a legacy that resonates with quality, innovation, and integrity.
 
Notable Projects that Define the Landscape:
Al Marasem Developments' portfolio boasts a collection of projects that reflect its dedication to elevating the real estate experience:
- Airport Marvels: The company's prowess extends to airport developments, including the completion of iconic projects such as Hurghada International Airport's Terminal building and its annexes, the renovation of Cairo International Airport's Terminals 1 and 2, and the expansion of Alexandria's Nozha International Airport. The company's expertise in post-delivery project management, particularly in the realm of airports, is a testament to its commitment to excellence.
- Fifth Square Residences:A pivotal moment arrived in mid-2017 when Al Marasem Developments ventured into the residential market with the introduction of Fifth Square, a residential compound nestled in New Cairo. This marked a strategic pivot towards real estate investment, where the company harnessed its resources and expertise to serve the market.
 
Market Reputation: 
Al Marasem Developments has garnered a reputation that echoes trust, reliability, and innovation. Its successful track record in completing mega projects that contribute to Egypt's growth showcases its position as a major player in the real estate sector. With over 20 years of experience, the company's journey reflects a commitment to delivering projects that align with the diverse needs of the Egyptian market.
 
Advantages of Investing in Al Marasem Developments:
Considering an investment in Al Marasem Developments offers a range of benefits:
- Expertise Beyond Compare: Al Marasem's history of delivering successful projects underscores its expertise in the field.
- Prime Locations: The developer's projects are strategically situated, ensuring convenience and connectivity.
- Uncompromising Quality: Al Marasem Developments upholds the highest quality standards in all its endeavors.
- Diverse Portfolio: From airport developments to residential compounds, investors have a diverse range of options.
- Market Trust: The company's prominent reputation instills confidence and credibility among investors.
 
Al Marasem Developments remains an embodiment of commitment, excellence, and innovation. With a legacy of successful projects, a focus on delivering value, and a strategic shift towards real estate investment, Al Marasem Developments beckons investors to embark on a journey that promises exclusivity, growth, and the art of refined living.

Reference: http://almarasemdevelopment.com

About 107 sqm Serviced Apartment for sale in Lake Residence

This 107 sqm Serviced Apartment in Lake Residence comes in the size of Lake Residence 107 sqm is for sale for 4,832,000 EGP with a price per sqm of 45,159 EGP . This unit is located at Golden Square, New Cairo, Cairo.

This 107 sqm Serviced Apartment has a payment plan option of 5% or 400,400 EGP downpayment and monthly payment of 105,661 EGP payable at 6 Years.

About Lake Residence, New Cairo

Lake Residence is located in New Cairo, . The developer of Lake Residence is Al Marasem Developments. The property types in Lake Residence with a property size from 130 - 132 Sqm.

The completion date for Lake Residence is Mar 2025 and the finishing for the properties are Fully Finished, Deluxe Finishing.

Lake Residence, New Cairo prices

The starting price of properties in Lake Residence is 7,590,000 EGP with a price per sqm of 57,500 EGP. The downpayment for a property in Lake Residence is starting at 5% or 379,500 EGP. The number of installments for a property in Lake Residence is 24 installments and has a payment plan of 6 years. The monthly payment of a property in Lake Residence is starting at 100,146 EGP

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