Park Side New Capital is a modern residential project by IL Cazar Real Estate Development, located within the R4 district on the Mohammed Bin Zayed Axis. The project offers residential options in one of the tranquil neighborhoods of the New Administrative Capital, allowing residents to benefit from a modern, well-planned environment and a wide range of services.
As the project is still in its early launch phase, its current appeal lies primarily in several factors: the starting price, the developer’s reputation, its location within the R4 district, and the payment plan, which begins with a 5% down payment and offers installments for up to 10 years. For this reason, Park Side is an ideal choice for those looking to enter the New Administrative Capital’s residential market at the outset, without having to search for more expensive alternatives or more crowded areas.
The IL Cazar New Capital project spans a total area of 140 acres, with a clear focus on allocating the majority of the land to green spaces and open gardens. This enhances its investment value and adds a significant advantage to the project amidst the competition.
The Parkside Alcazar project boasts a diverse range of units, including apartments and luxury villas in sizes to suit various segments of the population. Available unit sizes start at approximately 110 square meters, with some options reaching 140 and 150 square meters – suitable for small and medium-sized families seeking practical housing within a residential project by a well-known developer.
As for the launch price, available information indicates that the price per square meter starts at approximately EGP 55,000, with an installment plan starting at 5% down payment and extending up to 10 years.
What does the name Park Side New Capital Compound mean?
The name Park Side New Capital comes from the core concept upon which the project is based: living in an environment close to green spaces. This is evident in the layout of the units within the R4 district of the New Administrative Capital, where the compound focuses on creating a more open and tranquil atmosphere.
Alcazar Development Company chose this name to reflect a clear design direction: a focus on open views, distinctive landscaping, and a greater emphasis on quiet areas. Thus, the name is directly linked to the character of the project and the lifestyle within it.
The “Side” part of the name refers to a view in English, making Park Side an expression of a fundamental idea: the view associated with the design of the green spaces, especially those that are central to the compound’s layout and surrounded by the units.
The name also relates to the project’s location within the R4 district, known for its service-oriented nature, natural features, and distinctive spaces. In addition to the surrounding green areas, the project’s proximity to the Green River, one of the most prominent open spaces in the heart of the New Administrative Capital, enhances the experience of enjoying the view from within the units.
Park Side New Capital Location
Park Side New Capital is located in the heart of the fourth residential district (R4) in the New Administrative Capital, in a prime location near the western entrance to the capital and adjacent to the Suez Road. This advantage facilitates easy access for residents to Greater Cairo and New Cairo.
Park Side New Capital by IL Cazar is also situated directly on the southern axis of Mohammed Bin Zayed Road, one of the most important arteries connecting the capital’s districts and its main traffic network. This provides residents with greater flexibility in their daily commutes, whether to reach work, access services, or travel to surrounding cities.
The location of Park Side New Capital is further enhanced by its proximity to several key landmarks within the New Administrative Capital, including the Diplomatic Quarter, the Financial and Business District, and the Green River.
Nearby Places to Park Side New Capital
Park Side New Capital Compound boasts a prime location surrounded by a network of key roads and landmarks that enhance connectivity, elevate the area’s geographical value, and offer residents a practical and integrated lifestyle. Among the most prominent of these roads and connections are:
- The Northern Mohammed Bin Zayed Axis: A major artery linking the New Administrative Capital to the road network leading to East Cairo, reducing travel time to Fifth Settlement and New Cairo.
- The Suez Road (near the R4 zone): Facilitating access to Old Cairo and Heliopolis.
- The Green River: An iconic green space stretching approximately 10 kilometers within the New Administrative Capital, located about 5 minutes from Park Side.
- The Diplomatic Quarter: Approximately 8 minutes from the IL Cazar project in the capital, this quarter lends the area an international and diplomatic character.
- The Financial and Business District: Situated nearby, it houses major companies, banks, and financial institutions, making R4 an ideal choice for those working within this axis.
- The Sports City, Iconic Tower, and Central Business District: Located approximately 12 minutes from Park Side Compound, these areas add significant recreational and service value to the area. Its proximity to the pukka New Compound reflects the project’s location within a vibrant and growing area.
- Bin Zayed Southern Axis: Direct access, as it is approximately 3 minutes from the Park Side IL Cazar New Capital project, facilitating easy access to major roads.
- Regional Ring Road: Relatively close, with a journey time of no more than 5 minutes from the project area.
- Al Masa Hotel: Approximately 7 minutes away.
- New Administrative Capital International Airport: Approximately 20 minutes away.
- International Educational Services: Educational options are located nearby and easily accessible from Park Side New Capital by IL Cazar, approximately 12 minutes away.
- Government District and Ministries District: Approximately 10 minutes away.
- Egypt Mosque: Approximately 10 minutes away.
- Regional Ring Road: Approximately 15 minutes away.
- Fifth Settlement: Approximately 35 minutes away.
- Cairo International Airport: Approximately 45 minutes away.
Top Compounds Near Park Side New Capital
Park Side New Capital Compound benefits from being surrounded by a number of prominent residential communities within the New Administrative Capital, in a fully developed urban area with comprehensive services and amenities. This gives investors and buyers a clearer view of the urban development in this part of the fourth residential district (R4). Among the most prominent nearby compounds are:
- La Vista City Compound, New Capital: One of the closest neighbors to the project within R4, it offers a variety of units in spacious areas, with contemporary designs and landscaped areas that reflect a modern style amidst a green environment.
- Village de la Capital Compound, New Capital: One of the newest projects launched in the fourth residential district by P(al)m Hills, it includes a range of residential options, including apartments, townhouses, and villas. The project features central gardens and water features that add a relaxing atmosphere for residents.
- Al Maqsad Compound: A large residential project by City Edge near the Bin Zayed Axis and the Green River, combining villas and apartments with a distinctly classic architectural style.
- Al Bosco Compound, New Capital: A project by Misr Italia, also located on the southern axis of Mohammed Bin Zayed, it is known for its focus on nature and expansive green spaces within its design, creating a more tranquil and balanced living experience.
- Stella Park Compound, New Capital: A project by Remco in the Investors Area overlooking the southern axis of Bin Zayed, featuring apartments, twin houses, and villas.
Park Side New Capital Design
The design of Park Side New Capital is based on the concept of living that integrates seamlessly with open spaces. The focus isn’t solely on the buildings themselves, but rather on creating a clear balance between the units and the outdoor areas. Through this approach, the project, located within the R4 district, maintains a more tranquil and organized environment by incorporating gardens, internal walkways, and green spaces.
Park Side IL Cazar New Capital’s distinctive features are evident in its attention to visual details, from the selection of calm and harmonious facade colors to the layout of the buildings, ensuring that each area within the compound presents a cohesive view without any overcrowding that could disrupt the overall aesthetic.
Architecturally, the facades and design lines reflect a modern style that aligns with the identity of the New Administrative Capital, while also considering the visual gradation between buildings. This is complemented by a commitment to providing ample natural light to each unit, enhancing the quality of life and the comfort of residents.
The internal layout uses the project’s total area of approximately 140 acres by distributing buildings, services, and open spaces to promote privacy and optimize views. This layout also maximizes natural light and air circulation throughout the residential areas, while simultaneously ensuring that services are conveniently located for residents without compromising the quality of life.
Parkside Compound thus offers a residential model that prioritizes comfort and ease of daily life, in which gardens, landscaping, and building layouts are integral to the overall quality of life within the compound. The official master plan is expected to be announced later to confirm the final project details.
Park Side New Capital Area
Al Cazar Real Estate Development Company prioritizes large-scale projects, allowing for a diverse range of units and services within Park Side New Capital to cater to the needs and interests of various investment segments. According to available data, the total area of the Park Side compound in the New Administrative Capital is approximately 140 acres.
This area is relatively large for residential projects within the R4 zone, granting greater design flexibility in unit distribution and service provision, along with more extensive open spaces and green areas.
The expansive size of the Park Side Al Cazar project also allows residents to meet their needs within the project’s boundaries, providing areas for relaxation, movement, and services, eliminating the need to frequently leave the IL Cazar project in the capital and promoting a more comfortable and integrated living experience.
Types and Sizes of Units in Park Side New Capital
The layout of the Park Side New Capital compound is designed to ensure organized movement within the compound, with spacious garages located away from pedestrian walkways and daily commutes.
Regarding the variety of units, the Park Side project offers multiple residential options to meet the needs of different segments of buyers. These include:
1) Apartments
Apartments are available in Park Side New Capital in various sizes, with flexible interior layouts to accommodate the needs of different families in terms of space and room configuration.
2) Duplexes and Townhouses
The compound also offers duplexes and townhouses in various sizes, suitable for those seeking a more spacious lifestyle or greater independence, according to the requirements of clients and investors.
3) Villa Sizes
Luxury villas in various sizes are available within Park Side New Capital.
Among the most prominent unit sizes available in the Park Side New Capital project are:
- 110 m²: Two bedrooms + two bathrooms — suitable for a small family or as a starting point for a residence in the capital.
- 140 m²: 3 bedrooms + 2 bathrooms — Suitable for families who need more space and a clearer layout within the home.
- 150 m²: 3 bedrooms + 3 bathrooms — Suitable for those who prefer more bathrooms and increased privacy within the apartment.
Park Side New Capital Services and Facilities
Park Side New Capital has prioritized a comprehensive range of services within the project, ensuring residents have access to all their daily needs and minimizing the need to leave home for essential services on most days of the week. Key services and facilities include:
- Social and Sports Club: A central facility featuring fitness centers and multi-purpose courts, offering ongoing sports programs. It also serves as a hub for social interaction and fosters a sense of belonging among residents.
- Swimming Pools: Multiple pools are distributed throughout the project to reduce overcrowding during peak summer months, including a dedicated children’s pool designed with safety in mind.
- Green Spaces and Gardens: A network of landscaped and interconnected gardens provides an internal green space for the project, offering areas for relaxation and family activities year-round.
- Running and Cycling Tracks: Dedicated tracks, separate from vehicular traffic, promote a healthy and safe lifestyle and provide a comfortable daily experience for active residents.
- Commercial and Service Area: A collection of shops, pharmacies, and cafes distributed throughout the compound to easily meet daily needs, with a visual design that complements the overall architectural style of the project.
- Children’s Play Area: Safe and well-equipped play areas designed to provide a suitable environment that combines entertainment and education, offering peace of mind to parents.
- Mosque: A carefully designed religious facility that complements the project’s identity, conveniently located for residents during prayer times, and strengthens the community within Parkside.
- Electronic Control Gates and Security System: 24/7 security systems, including surveillance cameras and electronic checkpoints, enhance protection and promote a sense of security for families.
- Parking: Organized parking and internal garages minimize waiting times and maintain the aesthetic appeal of the compound’s internal streets, with designated parking spaces allocated to each unit.
- Primary Medical Services: Clinics and essential healthcare services are available within the project to reduce reliance on external hospitals for non-emergency cases.
- Regular Maintenance Services: An in-house maintenance team regularly monitors and maintains the project’s facilities and infrastructure to ensure service quality over time.
- High-Speed Internet and Technological Infrastructure: A comprehensive communications network covers the compound, supporting the needs of working from home and smart technologies that have become an essential part of daily life.
Park Side New Capital prices
Prices for units in Park Side New Capital Compound vary depending on several key factors, most importantly the unit’s total area, its internal layout, and its location within the project.
Therefore, a 110-square-meter unit is not viewed in the same way as a 150-square-meter unit, as the difference in size reflects the different needs of the target groups. These groups might include a small family starting their new home, or a family requiring more rooms (3 bedrooms) and additional bathrooms for improved layout and privacy.
Prices in Park Side New Capital, developed by IL Cazar Developments in the fourth residential district (R4), vary depending on the unit type and size, ranging from approximately EGP 4,200,000 to over EGP 9,600,000.
Price Details
- Apartments: Prices start from EGP 5,225,000, based on a starting price per square meter of approximately EGP 55,000 for units starting at 110 square meters.
- Villas: Prices start from 9,625,000 Egyptian pounds.
Installment Methods and Payment Plans
The payment plans at Park Side New Capital Compound are tailored to the nature of this new project, offering a flexible approach that allows for a straightforward start followed by gradual payment of the remaining balance.
Reservations begin with a deposit of EGP 50,000, followed by a 5% down payment of the unit price, with installments extending up to 10 years.
This approach helps alleviate the financial burden in the initial stages, especially for units starting at EGP 4,200,000.
The system also includes a cash discount option, reportedly up to 20%, which differs from the installment plan. This option is primarily designed for those with readily available cash who wish to reduce the total cost of the unit by paying in cash rather than spreading the price over a long period.
Park Side New Capital Investment Advantages
Park Side New Capital Compound offers a range of features that position it among the top residential options in the New Administrative Capital. IL Cazar Real Estate is committed to providing competitive advantages that enhance quality of life and boost investment opportunities. These advantages include:
- A prime location: Park Side is situated in the heart of a distinguished investment area within the capital, specifically in District 4 (R4), one of the most prominent areas within the capital’s urban development.
- A modern design: The developer collaborated with leading firms specializing in contemporary architectural design to create a design that reflects a modern identity. The project features expansive gardens and ample green spaces, providing residents with a more tranquil environment.
- A variety of unit types and sizes: Park Side offers a range of residential styles, including apartments and villas. The units come in various sizes, allowing you to choose the most suitable option based on your needs or investment goals.
- Affordable pricing options: The pricing structure is designed to be accessible to diverse segments of the population, making the project appealing to both those seeking a residence and those looking to invest.
- Flexible payment plans: Payment plans at Park Side IL Cazar New Capital are flexible, with installment options tailored to different financial capabilities, to facilitate contracting and provide a convenient way to commit to the plan.
Park Side New Capital Disadvantages
Although Park Side New Capital by IL Cazar boasts numerous advantages that have increased demand for its well-sized apartments and villas, one point has raised concerns among some investors.
This concern stems from the idea of contracting for units in projects still under construction. Some clients prefer that the unit be completed or that development phases be more advanced before finalizing the contract.
In response, IL Cazar Real Estate has offered attractive pricing during the launch period, allowing buyers to acquire a unit at a very reasonable price compared to what might happen later, as prices are expected to gradually increase as construction phases are fully completed.
About IL Cazar Developments
IL Cazar Developments represents the modern iteration of the Khozam Group, a real estate development company founded in 1960, building upon over 60 years of experience in the Egyptian market.
The company is led by Eng. Nader Khozam, Chairman and CEO. The name “IL Cazar” is inspired by Julius Caesar, a symbol of leadership, vision, and innovation.
The company underwent a significant transformation, rebranding from Go Khozam to IL Cazar, and has adopted a clear approach based on thorough market research before launching any new project.
This approach is evident in the company’s diverse portfolio, which includes specialized villa communities (such as Glen and Via), integrated residential projects (like Creek Town and The Crest), and coastal destinations in Ras El Hekma and New Alamein.
The company’s portfolio comprises more than 11 projects across various locations, including New Cairo, 6th of October City, Heliopolis, the North Coast, and New Alamein. It also stands out for its strategic location choices, contemporary designs, and flexible payment plans. The company’s various achievements can be followed on the Al-Kazar Real Estate Development page.
Previous Works of IL Cazar Developments
Alcazar Development Company boasts extensive experience in developing projects that cater to those seeking luxury, whether in residential developments within major cities or tourist destinations in coastal areas. Its most prominent projects include:
- Creek Town Compound in New Cairo (First Settlement).
- The Crest Compound in New Cairo (Fifth Settlement).
- Glen Compound in New Cairo (Sixth Settlement).
- Via Compound in New Cairo (Sixth Settlement).
- West Days Compound in 6th of October City.
- Studio Residence Compound in Sheraton, Heliopolis.
- Safia Village in Ras El Hekma.
- Nord Village in New Alamein.
