In the midst of the increasing demand for luxury housing in New Cairo, The Waterway East Development Company has unveiled its latest project Waterway East. This walled residential compound combines a strategic location, modern architecture, and a comprehensive range of facilities and services. The project aims to offer a distinctive lifestyle that integrates privacy with easy access to key transportation and nearby destinations, making it an attractive choice for both home seekers and real estate investors seeking sustainable returns. In this news report, we will explore in detail all aspects of the project, from its geographical location, payment plans, unit prices, to the array of facilities that make Waterway East a comprehensive residential environment meeting all residents' needs.
1. Project Overview
Waterway East is a freehold residential compound consisting of a single building meticulously designed to meet the needs of families and professionals alike. The project includes apartments of various sizes, ranging from one-bedroom units to four-bedroom units, providing buyers with flexibility to choose according to family size and income level.
- Developer: The Waterway East Development Company, a highly experienced company in developing luxury residential projects in New Cairo.
- Ownership Type: Freehold, ensuring buyers full ownership rights without any restrictions on selling or renting.
- Number of Buildings: One building only, enhancing design coherence and maintaining the quality of shared services.
- Payment Plan: A flexible 10-year payment plan, with a 10% down payment at sales launch, followed by monthly installments over the next 9 years without any additional interest.
2. Geographic Location and City Connectivity
Waterway East is located in New Cairo's Sixth District, one of the fastest-growing and developing areas in the eastern part of the capital. The project stands out for being surrounded by a serene environment that ensures residents a peaceful living away from the hustle of the streets, while being directly connected to major roads facilitating access to key national hubs:
- Middle Ring Road: Passing near the project, allowing quick access to central Cairo or the western areas of the capital.
- Axis of Hope: Directly linking the Sixth District to areas like the Fifth Settlement, Suez Road, and the New Administrative Capital.
- Highways: Proximity to the Suez Road ensures easy access to the international airport, the port, and highways connecting to other cities.
With this strategic location, residents at Waterway East can easily access universities (such as the New Cairo University), hospitals, major shopping centers, and green parks scattered throughout New Cairo.
3. Project Timeline
- Project Announcement: Official date not specified, but the project entered the execution phase after obtaining all required permits.
- Construction Commencement: Construction started on December 8, 2025, beginning with the foundation, infrastructure, and layout of public facilities.
- Expected Delivery Date: The project is expected to be delivered on December 31, 2029, in the fourth quarter of 2029. This timeline allows buyers to plan ahead for relocation or renting out the unit upon completion.
4. Residential Unit Details
A. One-Bedroom Apartment
This unit is the ideal choice for individuals or young couples looking for a comfortable and manageable living space. The apartment size is 82 square meters, designed according to Type A layout. This unit includes one bathroom suitable for daily use. The initial price for this apartment is approximately 4.5 million Egyptian pounds, a reasonable value considering the project's location and expected quality of finishes.
B. Two-Bedroom Apartment
For medium-sized families or individuals seeking extra living space or a home office, a 165-square-meter two-bedroom apartment is offered, also following the Type A layout. The unit includes two bathrooms, adding a level of privacy and comfort. The initial price for this unit is 9.1 million pounds, reflecting the increase in space and comfort provided by the apartment.
C. Three-Bedroom Apartment
A three-bedroom apartment ranges from 215 to 240 square meters based on the selected layout (Type A or Type B). Buyers can choose the layout according to their needs regarding the number of bathrooms, room distribution, and available living space. Prices for these units are estimated between 12 million pounds for 215 square meters to approximately 12 million pounds for 240 square meters, with minor variations depending on additional finishes chosen by the buyer.
D. Four-Bedroom Apartment
Investors or large families seeking luxurious living space will find the four-bedroom apartment a perfect choice. The unit size is 275 square meters, designed according to the Type A layout with at least one bathroom (potentially more upon client request). The initial price for this apartment is estimated at 15 million pounds, reflecting the luxurious size of the unit and the availability of all facilities within the compound.
Note: All prices mentioned are launch prices and may change as sales progress or based on additional finishing requests; therefore, it is always recommended to communicate with the sales representative to obtain accurate figures and current conditions.
5. Payment Plan and Terms
The payment plan at Waterway East is designed to be flexible and straightforward:
- Down Payment: Buyers pay a 10% down payment upon signing the contract, easing the initial payment burden.
- Remaining Installments: The balance is divided into monthly installments over 9 years without any additional interest. This plan allows buyers to spread the financial burden over a long period, facilitating financial planning and avoiding financial pressures.
6. Facilities and Services within the Compound
A. Security and Guarding
- Fully walled community with smart electronic gates controlling entry and exit.
- CCTV surveillance cameras covering all entrances and internal areas for 24-hour security.
- Trained security guards available around the clock to provide support and safety.
B. Sports and Recreational Facilities
- Modern equipped gym to meet fitness needs.
- Dedicated cycling track and walking paths with nighttime lighting for safe usage.
- Children's play area with safe games and entertainment zones for kids to enjoy.
- Running track stretching along green spaces, promoting a healthy lifestyle for residents.
C. Public Services
- Periodic maintenance facilities to ensure the continuity of public facility quality and prevent any malfunctions.
- Multi-level parking facilities accommodating a large number of vehicles, with an electronic guidance system for easy parking.
- Integrated water and sanitation network with modern technologies to ensure sustainability and reliable water supplies.
7. Investment Advantages of Waterway East
- Strategic Location in New Cairo's Sixth District: Proximity to highways, universities, hospitals, and shopping centers ensures steady rental demand and increases the likelihood of property value appreciation over time.
- Freehold Ownership: Grants investors and buyers full ability to sell or lease the unit as desired, adding high flexibility to the investment strategy.
- Flexible Payment Plan with No Interest: Allowing only a 10% down payment and distributing the remaining balance over 9 years makes the project accessible to a wide range of buyers.
- Comprehensive Range of Facilities: Having a gym, cycling tracks, and running paths within the compound reduces the need to travel to other areas to meet daily needs, enhancing the project's attractiveness to potential renters.
- Modern Architectural Design: Layouts (Type A and Type B) demonstrate optimal space utilization, good natural lighting, and logical room distribution, increasing the unit's long-term value.
- Quiet Environment and Walled Community: Providing high privacy and security, which are essential factors in seeking luxury housing in New Cairo.
8. Expected Financial Analysis
- Initial Unit Value: Ranging from 4.5 million pounds for small units (one bedroom) to 15 million pounds for spacious units (four bedrooms).
- Expected Rental Yield: Based on current rental prices in the Sixth District for luxury projects, a rental yield ranging from 6% to 8% annually can be expected, making the project an attractive investment for those seeking stable income.
- Estimated Property Value Increase: With ongoing infrastructure development in the area (road infrastructure projects and service improvements), property values in the Sixth District are expected to rise by 10% to 20% over the next five years.
