5th Settlement: 4 Reasons Why It's Cairo’s Most Popular Destination
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Recently, the real estate market in Egypt has been flourishing, to say the least, especially in East and West Cairo in an attempt for modernity and calmness away from the city. New Cairo, including all the residential compounds that make up the 5th Settlement, is over 70,000 acres making it the perfect area for future planning and investment opportunities in Egypt. This article will delve deeper into why the 5th Settlement area in specific is becoming Cairo’s most prominent neighborhood, the most popular areas there, and whether you should invest in it or not.
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Why 5th Settlement?
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1. Strategic Location and Urban Planning
Being strategically located between Maadi and Heliopolis, two of the top areas in Cairo, and being around 20 minutes from Downtown and old Cairo, 5th Settlement has become a vital region for Cairenes and a popular destination to many.
It is also important to bear in mind that it has access to multiple main roads and bridges, such as Moshir Tantawy Axis, Tahrir Square, Marsa Matrouh road, and of course the Ring Road. It is also just a one-hour drive to one of Egypt’s best destinations: Ain Sokhna. Even the streets and neighborhoods are embellished with gardens and have wide streets and suitable spacing, making its urban planning a distinguished one. It is also located significantly above sea level, making its weather great throughout the year.
2. Largest Facilities and Accessible Services
5th Settlement is also home to the largest commercial projects, franchises, and malls, such as Waterway, 5A, Cairo Festival City Mall, and Downtown Katameya, making the social and nightlife there unmissable. In addition, it also holds distinguishable educational institutions including international and governmental schools and universities such as the American University in Cairo, German University in Cairo, International School of Choueifat, the American International school, and more.
Moreover, the large number of international and local companies makes it the perfect place to both invest, open up a business, or work. With prominent banks and corporates, the area will keep on blooming in the future and attracting high-quality opportunities.
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3. Different Housing Available
It is also diverse when it comes to the types of housing available. The variety goes from mansions and villas in luxurious districts to student housing in proximity to the universities there and workers’ accommodation housing, which is great due to the aforementioned fact that 5th Settlement holds a lot of work opportunities.
4. Safety
One of the most important benefits of investing or living in the 5th Settlement is the privacy and security that is focused on in most areas. There are multiple guards in all the facilities there and 24/7 security cameras guarantee the family's safety. Not to mention the new driving regulations that also increase safety.
Popular Attractions
These are some of the top prominent compounds and projects in 5th Settlement: - Hyde Park: just 5 minutes away from AUC and 90th street. It is one of the largest compounds in the 5th Settlement and has a green area of over 114 acres. It has all sorts of different residential areas including townhouse villas, twin house villas, and stand-alone.
- Mivida: classified as one of the best compounds in 5th Settlement, it is owned by Emaar with an area of 890 acres. Not only is it close to AUC, 90th street and Future University in Egypt, it also holds one of the largest projects by Tayf, Llivia, with retail and administrative spaces available for rent and surrounded by fully serviced and easy access facilities.
- Katameya Heights: is one of the most prestigious and oldest compounds in New Cairo, with greenery and central gardens covering most of the area and Katameya Heights club that has different activities for the residents, it is deemed as one of the best places to invest or live in.
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The perfect spot for investment!
5th Settlement has grown from a non-occupied desert to the urban hub we see today and it seems it will continue to be that way for many years to come. With all the new malls, franchises, compounds that have been opening there lately and with its proximity to the new administrative capital, 5th Settlement undoubtedly seems like a good option for future investments. We at Tayf believe that 5th Settlement is a place for the future and we are proud of our projects there, including Llivia. You can check it out if you are looking for your new investment in New Cairo!
References:
- https://www.propertyuno.com/en/articles/learn-about-5th-settlement-and compounds-before-you-live/17
- http://jeeraneg.com/en/news/view/12
