Cava Residence is a residential compound in New Obour City, east of Cairo, developed by Prax Developments on a 25-feddan plot. The project offers studios, apartments and duplexes, and every unit is handed over semi-finished. Delivery is scheduled for 2029.
Overview of Cava Residence New Obour
The launch is built around an accessible entry point. Prices start from EGP 21,500 per square meter, the down payment is 10%, and the balance can be spread over eight years. For buyers who prefer to pay in full, there is a cash discount that reaches 20%. Taken together, these terms position Cava as a project for both first-time homebuyers and people looking to place money in property outside the more crowded eastern districts.
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Location of Cava Residence New Obour
The compound sits directly on Ninety Street in New Obour City, which puts it close to the main routes running through the east of Greater Cairo. That frontage is what the developer leans on most when describing the site, and it is easy to see why: residents are one turn away from the roads that matter for daily travel.
From there, the Middle Ring Road is the key link. It connects the area to the New Administrative Capital, Fifth Settlement and New Cairo, so commuting to any of them does not require a long detour through the city center.
Nearby Landmarks to Cava Residence New Obour
The surroundings of Cava are mostly educational and service-oriented, which has a direct effect on rental demand in the area. These are the points that matter most:
- Obour University and Benha University: both are a few minutes away by car. Students and teaching staff form a steady pool of tenants, a point that matters for anyone buying with the intention of renting the unit out.
- Belbeis entrance: a main access point that ties the compound to neighboring governorates and keeps both goods and people moving.
- Citalia Compound.
- Obour Main Axis and Shabab Axis: these give direct access to the service and commercial areas in the heart of Obour, without placing the compound itself in the middle of the congestion.
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Design of Cava Residence New Obour
The architectural approach is modern, and it tries to keep appearance and function in step with each other. The stated aim is a long building lifespan with low maintenance costs down the line. A few decisions stand out:
- Buildings are oriented to manage wind flow and natural light, which should bring down electricity use inside the apartments.
- Wasted corridors and dead space are removed from the unit layouts, so more of the area is actually usable.
- Car routes and garages are kept away from the places where children walk and where residents exercise.
- Buildings are placed at angles to one another, so each unit faces either a central garden or a water feature.
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Space of Cava Residence New Obour
The project covers 25 feddans, and the planning follows the standards used for modern residential communities. Most of the land was set aside by the engineering consultant for green areas, artificial lakes and the gaps between buildings. Those gaps are there for a practical reason: they protect visual privacy and let air circulate between the blocks.
The in-between areas are also used for independent pedestrian paths and recreation zones, positioned away from internal vehicle traffic.
Unit Types at Cava Residence New Obour
The residential models are graded in size to cover different buyer groups, from young buyers to small families and larger households. Here is what the compound offers:
- Studios: sizes start from 75 square meters. They suit buyers whose main goal is rental income.
- Apartments: mid-sized, multi-room layouts designed for family living, with attention to how the interior space is used.
- Duplexes: the largest option, reaching up to 195 square meters. They are aimed at families who want villa-like space at a price closer to that of an apartment.
- Finishing: all units are delivered semi-finished, so the owner decides on the interior finishes.
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Services of Cava Residence New Obour
The service package is meant to cover everyday needs without residents having to leave the compound, and it includes maintenance and quality control. The facilities listed for the project are:
- Electronic gates
- Trained security personnel
- Underground garages that keep cars off the surface and reduce crowding
- Swimming pools with varying depths
- A gym equipped with modern machines
- A commercial area with well-known brands
- Safe, equipped children’s areas
- Surveillance cameras covering every sector around the clock
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Prices of Cava Residence New Obour
The starting price per square meter is EGP 21,500. The table below shows the unit prices after the update dated 11 October 2026, along with the down payment and the quarterly installment for each area.
| Area | Price | Down Payment | Quarterly Installment |
| 75 m² | EGP 1,690,000 | EGP 169,000 | EGP 63,375 |
| 120 m² | EGP 2,700,000 | EGP 270,000 | EGP 101,250 |
| 150 m² | EGP 3,375,000 | EGP 337,500 | EGP 126,563 |
Payment Plan of Cava Residence New Obour
Prax structured the payment terms to ease the pressure on the buyer’s cash flow. Two options are available:
- Installments: a 10% down payment, with the remainder paid in equal installments over up to eight years and no added interest.
- Cash purchase: a discount of up to 20% off the total price when the buyer pays in full at contracting. It suits buyers who would rather lock their capital into a property than keep it liquid.
Reservation follows three steps:
- Pay an expression-of-interest deposit of EGP 50,000, which is fully refundable if the contract is not signed.
- Meet a sales consultant to choose the residential sector, the exact area and the view.
- Complete the contract paperwork, pay the 10% down payment, and sign the checks and the approved installment schedule.
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Investment Opportunity at Cava Residence New Obour
Whether Cava makes sense as an investment depends largely on the entry price and how long the buyer can wait. These are the points that count in its favor:
- A competitive starting price of EGP 21,500 per square meter.
- A cash discount of up to 20%, which cuts the capital cost directly.
- Unit sizes between 75 and 195 square meters, which speak to a wide range of buyers and, later, tenants.
- An eight-year payment period with only 10% down, which keeps the financial strain low.
Two universities nearby also support the rental case, since student and staff housing is a recurring need. Some market observers expect unit values to rise by 15% to 20% as construction advances toward the 2029 handover, though that is an expectation and not a guarantee.
The delivery date is the main drawback. A 2029 handover will not work for someone who wants to move in right away. For an investor, though, it gives the longest possible window for the unit to appreciate while the installments stay low.
Obour as a whole tends to attract buyers who want a quieter area with good connections to the other eastern cities, and the three projects serve slightly different needs within that picture.
See Also: AlFatah Group New Obour Compound
About Prax Developments
Prax Developments is the company behind Cava Residence. It works on a strategy of competitive pricing and of picking up opportunities in areas with room to grow. Its approach rests on a few principles:
- Choosing land along the eastern development axes of Greater Cairo, so the property gains value over time.
- Pricing products in a balanced way, which improves resale prospects and gives the buyer a good margin once the unit is delivered.
- Adapting to the economic climate by offering long repayment periods that suit the client’s finances, while sticking to the construction schedule.
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Previous Projects by Prax Developments
Prax launches projects aimed at a clearly defined audience in east Cairo and the new urban communities around it. The company says it concentrates on solid execution and on delivering by the promised dates. Cava Residence is among its most recent residential launches in New Obour.
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