Oro New Capital Compound by Ava Mina Group | 10 years

Oro New Capital Compound is one of the best residential projects that has fulfilled the aspirations of those seeking a splendid residential unit in a distinguished area. This is what Ava Mina Group Company, the leading company in Egyptian real estate development, has focused on.

Overview of Oro New Capital Compound

The company has provided all the elements of success for its massive project, Oro New Capital Compound, which has been wonderfully designed and equipped with the latest technological infrastructure and exceptional features. Living in Oro New Capital Compound and owning its units offer rare opportunities for luxurious living and successful investment. All of this comes with prices that suit the capabilities of all customers and investors.

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Real Estate Developer of Oro New Capital Compound

When we talk about Ava Mina Group Development, we are talking about extensive experience in the Egyptian real estate market. This leading company was established in 1994 and managed by Mr. Ihab Awad Naguib and his brother Mr. Ashraf.

Since its first day in the Egyptian market, the company has been proving its efficiency in launching massive commercial, investment, or residential projects. It is worth mentioning that the company has partnered with the specialized housing and construction company, Al-Shams.

As a result, Ava Mina Group Company has successfully launched numerous large-scale projects within Egypt and abroad. The most prominent countries where they executed projects outside Egypt include the United Arab Emirates, Qatar, Kuwait, and Saudi Arabia. Regarding their notable previous projects, they are as follows:

Real Estate Developer’s Previous Projects

• Establishment of Princess Noura University and King Abdullah University in the Kingdom of Saudi Arabia.
• Construction of Al-Sabah Al-Salem University in Kuwait, the College of Commerce and Medicine.
• Establishment of the Kempinski Hotel and the building for the Ministry of Interior in Qatar.
• Launch of four out of the sixteen towers in New Alamein City.
• Establishment of the Latin Neighborhood project in New Alamein City.
• Establishment and implementation of the Diamond Hotel in the New Capital.

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Location of Oro New Capital Compound

Oro New Capital Compound enjoys a unique and unparalleled location in the most luxurious and distinguished plots within the New Administrative Capital, specifically in the R7 area (Seventh District). This has made the project close to the most famous and significant areas within the New Capital, such as the Presidential Palace and the International Airport.

It is also close to all major services, including educational institutions such as Swedish and British universities. The project offers direct views of the Green River and the Diplomatic District and its proximity to all main roads and axes. The important neighbouring areas to the project are as follows:

Nearby Locations to Oro New Capital Compound

• The project is close to Mega Mall and Taj Tower.
• Only a few minutes separate the compound from the Swedish and British universities.
• The combination is adjacent to the Investors’ Area.
• Only a few minutes separate Oro New Capital Compound from the Presidential District.

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Services of Oro New Capital Compound

The developer company has introduced a wide range of services and features that have made life inside Oro New Capital Compound a key to happiness and prosperity. The company has worked on providing everything unit owners need to create a fully integrated community where individuals do not need anything outside. Among the most important services and features provided by the company are the following:

• The developer company has provided basic medical, educational, and marketing services.
• The real estate developer has focused on the recreational aspect by establishing several sports and social clubs.
• The compound enjoys security for both lives and properties through smart gates and scattered cameras.
• Inside Oro New Capital Compound, the company has established a fully equipped mall that offers all international brands.
• The recreational aspect had the largest share, as the company established a huge area covering 5440 square meters.
• The compound includes an elegant Islamic mosque for worship.
• Oro New Capital Compound has many advantages, including its location on four main roads, including the Ring Road.
• Maintenance and cleaning services are available around the compound to maintain its beauty.

Design and Space of Oro New Capital Compound

The responsibility for designing Oro New Capital Compound was undertaken by the renowned engineer Moharam Bakhoum, known for his modern international design that embodies luxury and high living standards.

The plan aims to provide comfort and elegance in residential units, and the developer company executed its giant project on a sufficient space of 38 acres.

Types of Units in Oro New Capital Compound

The space was utilized wonderfully, with the largest share of this space dedicated to green spaces, open views, and beautiful water bodies. As for the division of the compound, it was as follows:

• To ensure security, the compound is surrounded by a tree fence and a concrete fence.
• The compound comprises 26 buildings, each with a ground floor and seven upper floors.
• Each floor inside Oro New Capital Compound contains only four residential units.
• Each building has two entrances, in addition to two modern elevators.
• Each building has a reception office staffed by an employee and a security guard.
• Regarding the spaces provided by the developer company inside Oro New Capital Compound, the small number of buildings allowed diverse areas to satisfy all tastes.
• The units ranged from 120 square meters to 375 square meters.
• The divisions inside the project varied to include luxury apartments and duplex units, allowing their owners to have a full floor to convert them into duplex units.

Prices of Units in Oro New Capital Compound

Despite the exceptional range of services and features available inside Oro New Capital Compound, the prices with immediate payment were affordable to everyone, whether individuals or investors. The unit prices start from only 1,320,000 Egyptian pounds, with discounts offered for early reservations.

The price per square meter inside the compound starts from only 28,000 Egyptian pounds and reaches 35,000 Egyptian pounds. The cost of owning a garage is 100,000 Egyptian pounds, while a social or sports club costs 50,000. In addition, 8% of the unit’s value is paid as maintenance and cleaning fees.

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Payment and Installment Systems

However, the developer company has provided the possibility of instalment payment for club fees, garage fees, maintenance, and cleaning fees until the delivery date. Alternatively, buyers can opt for cash payment upon receiving the residential unit. If we discuss the payment systems and instalment periods:

• The client can pay 10% as a reservation deposit and have the option to pay in instalments over eight years.
• I am paying 15% as a reservation deposit and can pay in instalments over nine years.
• The client can pay only 20% as a reservation deposit and have the option to pay instalments for the remaining total price of the unit.

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