The Residence New Cairo by SPD | Prices and Details

Within the Lotus district, and just 5 minutes from the American University, Al Salam SPD Developments has launched its latest residential project The Residence Compound Fifth Settlement (The Residence) with investments exceeding EGP 9 billion, and a hotel partnership with the global Hilton group through the DoubleTree by Hilton hotel.

The project extends over 11.5 acres, designed by engineering consultant Dr. Mohamed Hafez, with fully finished unit prices starting from EGP 4,500,000, a down payment starting from 10% and installment periods extending up to 12 years interest-free, with a cash discount of up to 35% for immediate payment.

The Meaning Behind The Residence Compound’s Name

The term “The Residence” in the real estate world isn’t a random brand name, as it’s used specifically to describe residential units linked to a global hotel brand that manages their services and sets their finishing standards, which literally applies to the project after Al Salam SPD signed an agreement with Hilton group to build a DoubleTree by Hilton hotel within the compound.

The name here reflects the essence of the idea, as the owner of a fully finished unit gets a permanent membership in the hotel and discounts on its services, making living within The Residence Compound closer to a long-term hotel-stay experience, summed up in the project’s promotional campaign slogan “LIVE. BELONG. THRIVE“.

Detailed Overview of The Residence Compound Fifth Settlement Project

Al Salam SPD chose to build its first project in New Cairo on a philosophy different from what’s prevalent in the Fifth Settlement, as instead of filling the land with as many buildings as possible, it allocated 80% of the area to green spaces, water features, and recreational services, leaving only 20% for the built mass.

The project’s design was undertaken by engineering consultant Dr. Mohamed Hafez, who adopted a contemporary European architectural style avoiding decorative excess, with facades coming in simple lines, reflective glass, and calm earthy colors ranging between gray and beige with dark frames breaking the color’s monotony, giving the project a visual character harmonizing with the surrounding landscape.

Building heights came limited at 4 floors above the ground floor, a deliberate decision ensuring privacy and preventing one building from blocking another’s view, as blocks were distributed with spaced-out distances allowing natural light and ventilation into every unit, while panoramic windows overlook the open spaces and water features.

But what actually sets The Residence Compound apart from its neighbors is that it isn’t a purely residential project, as alongside the residential buildings it includes a DoubleTree by Hilton hotel with 140 hotel rooms, a commercial area, an administrative center with office spaces, and a fully specialized medical center, alongside a clubhouse, making it a mixed-use project.

This diversity is reflected in the nature of the units offered, as they aren’t limited to residential only but include commercial units, offices, clinics, and hotel units, opening the door to a segment of investors alongside those seeking housing, which explains the massive investments directed at the project, amounting to EGP 9 billion.

The Residence Compound Fifth Settlement Details Table

The prices mentioned above are installment prices, not cash prices, and to get the latest price list, contact The Residence Compound Fifth Settlement sales number: ‎+201118183030

Location of The Residence Compound Fifth Settlement

The Residence Compound is located within the Lotus District on its eastern side, at a point midway between North and South 90th Street, meaning residents reach two main axes, and it also sits directly in front of the American University in Cairo and behind the Redcon project, close to Platinum Club.

This spot is considered one of the most expensive locations per sqm in New Cairo, as it combines the American University campus with the Golden Square area and major administrative headquarters, creating steady year-round rental demand from students, academics, and employees, which gives the smaller units specifically a high operational value.

The Lotus District itself is one of the fully serviced districts of the Fifth Settlement, with international schools, medical centers, banks, and malls spread within walking distance, alongside Kay90 Mall located on 90th Street, which includes commercial, administrative, and medical spaces.

Nearby Landmarks and Places from The Residence Compound Fifth Settlement

Neighboring Compounds to The Residence Compound Fifth Settlement Project

The Residence Compound is located within a residential zone dense with projects, giving buyers the chance to compare more than one option within the same price and geographic range before making their decision.

Below are the most notable neighboring compounds:

• Triangle Fifth Settlement — a mixed-use project in the same area, combining residential units with commercial and administrative spaces.
• Mist Compound — the closest neighbor to The Residence Compound project in the Fifth Settlement, offering residential apartments with medium areas within a low-density gated community.
• Ivoire East Compound — a residential project in the Fifth Settlement offering apartments and duplexes with extended payment systems, targeting the same segment seeking practical spaces.
• Hyde Park Views — located within the larger Hyde Park master plan in New Cairo, offering apartments with direct views of the central garden, and may be a suitable alternative to The Residence Compound project.

Unit Types, Areas, and Prices in The Residence Compound

Units within The Residence range from studios and 1-bedroom apartments up to 4-bedroom apartments, up to penthouse units with their own private terraces, with areas designed to minimize waste to the lowest extent, as interior layouts rely on using every square meter.

The developer offers units in two finishing systems: the semi-finished unit’s price per sqm starts from EGP 75,000, while the fully finished Super Lux unit’s price per sqm ranges between EGP 90,000 and EGP 150,000 depending on floor and view, and includes a permanent membership in the DoubleTree by Hilton hotel within The Residence Compound.

The prices shown in the table are calculated based on the price per sqm announced by the developer, and are installment prices, not cash prices, with the unit’s final value varying by floor, view, and location within The Residence Compound.

Payment and Installment Systems in The Residence Compound Fifth Settlement

Al Salam SPD has introduced seven different payment systems, based on a simple logic: the shorter the installment period, the higher the discount on the unit’s value, and the longer the period, the higher the down payment, allowing the client to choose the system best suited to their financial capacity.

Here are the details:

The reservation deposit amounts to EGP 50,000, a refundable amount deducted from the unit’s total value upon completing the contract, while the maintenance deposit is calculated at 8% of the unit’s value, and a garage fee of EGP 210,000 is added, which can be paid in separate installments.

To find out about currently applicable offers and the latest payment plans, contact The Residence Compound sales number: ‎+201118183030

Delivery Dates in The Residence Compound Fifth Settlement

Al Salam SPD has set the unit delivery date within 4 years from the contract date, a usual period for a project of this size that includes hotel, commercial, and medical components alongside the residential.

The developer leaves it to the client to choose the finishing level, either a semi-finished unit where the owner completes the interior touches to their own taste, or a fully finished Super Lux unit ready for living immediately upon delivery, coming with pre-set specifications.

Finishing Specifications in The Residence Compound Fifth Settlement

Services and Facilities in The Residence Compound Fifth Settlement

The Residence Compound doesn’t just offer the usual services found in Fifth Settlement compounds, but adds three components not usually found together in a residential project of this size: a global hotel, a clubhouse, and a medical and administrative center.

DoubleTree by Hilton Hotel Within The Residence Compound

Al Salam SPD signed a partnership agreement with the global Hilton group to build a DoubleTree by Hilton hotel within the compound with a capacity of 140 hotel rooms at global operating standards, including a swimming pool, a gym, restaurants, and multiple halls.

The hotel’s role isn’t limited to hosting visitors, as owners of fully finished units get a permanent membership in the hotel with discounts of up to 35% on its services, which turns the hotel from a neighboring facility into an actual extension of the residential unit.

The Clubhouse and Co-working Spaces

The project includes a fully integrated clubhouse dedicated to the compound’s residents alone, combining reception halls, social spaces, and a health club that includes swimming pools, a jacuzzi, sauna, and a gym equipped with the latest equipment.

Alongside this, the developer allocated co-working spaces within the compound, in addition to an outdoor yoga area and a dedicated meditation space, additions serving the segment of remote workers.

The Medical and Administrative Center Within The Residence

The project hosts a fully specialized medical center (Medical Hub) equipped with the latest equipment, alongside an administrative center including office spaces of various sizes suiting small and medium companies, alongside a commercial area including global and local brands, restaurants, and cafes.

This blend of residential, commercial, medical, and administrative within just 11.5 acres is what explains the developer’s description of the project as an integrated community that residents don’t need to leave to meet their daily needs.

Essential Services in The Residence Compound Fifth Settlement

Advantages of Living in The Residence Compound Fifth Settlement

• Low residential density: a building ratio of only 20% out of 11.5 acres, and heights not exceeding 4 floors, difficult to find in the heart of the Lotus district.
• Permanent hotel services: a lifetime membership in the DoubleTree by Hilton hotel for owners of fully finished units, with discounts of up to 35% on the hotel’s services.
• Access to two axes, not just one: the project’s location between North and South 90th Street gives two different exits in 3 minutes, reducing exit time during peak hours.
• Small units rare in the area: availability of apartments from 50 sqm and studios from 55 sqm in an area dominated by large-space offerings.
• Two-level underground garage: beneath each residential building, eliminating waiting for cars in the compound’s internal streets.

Investment Advantages in The Residence Compound Fifth Settlement

• Expected rental return between 7% and 9% annually: the location directly facing the American University creates steady rental demand from students, academics, and expatriates, a segment that prefers the small units the project offers in abundance.
• The unit’s link to a global hotel brand: the presence of DoubleTree by Hilton within the compound raises the resale price ceiling, as units linked to a known hotel brand trade at higher prices than their counterparts in projects without a global partner.
• The longest payment period in its price range: installments up to 12 years interest-free reduce the monthly installment value, allowing the investor to cover a large part of it from rental returns after receiving the unit.
• A cash discount of up to 35%: a high ratio meaning the cash buyer enters at a notably lower price than the market price, widening the profit margin upon resale.
• Investments of EGP 9 billion: the scale of spending on a project of only 11.5 acres indicates the density of the service and hotel component, which reflects on the unit’s future value.

About Al Salam SPD Developments

SPD Developments was founded in 1999 by Eng. Walid El Deeb, and began its activity in cement manufacturing and supply for major government entities and private projects, before moving into real estate development benefiting from its experience in contracting and construction.

The company is currently led by Ahmed Kassem as Vice Chairman and CEO, with Dr. Motaz Shalaby holding the position of Commercial President, and the company’s portfolio has diversified over more than a quarter century between residential, commercial, administrative, medical, and recreational in New Cairo, New Mansoura, and New Damietta.

What most distinguishes the company’s recent trajectory is signing a strategic partnership agreement with the global Hilton group to develop 3 hotels in Egypt under the DoubleTree by Hilton and Hilton Garden Inn brands, distributed across New Cairo, New Mansoura, and New Damietta, placing the company on a short list of Egyptian developers who have succeeded in attracting a global hotel operator.

Al Salam SPD Developments’ Track Record

Similar Projects in New Cairo on Our Website

Al Salam SPD hasn’t yet offered another residential project in New Cairo besides The Residence, but the market includes a number of projects playing in the same field in terms of location, area range, or payment system flexibility.

Here are the most notable:

• Rock Vera Compound — one of the Fifth Settlement projects combining residential units with integrated services in a vibrant location.
• The Crest Compound — a residential project in New Cairo extending over wide green spaces and offering its units with extended payment systems.
• The Icon Gardens Compound — a residential project in New Cairo focusing on green spaces and units with private gardens.
• The Median Residences Compound — close to North 90th Street and Suez Road, offering apartments with varying areas alongside a shopping center and internal cycling paths.

Final Word on The Residence Compound Fifth Settlement

The Residence Compound Fifth Settlement offers a formula difficult to replicate within the same geographic range, and its most notable features can be summed up in the following points:

• A building ratio of only 20% out of 11.5 acres, and heights not exceeding 4 floors.
• A cash discount of up to 35%, and delivery within 4 years.
• Location within the Lotus district between North and South 90th Street, and facing the American University just 5 minutes away.
• A DoubleTree by Hilton hotel with 140 rooms within the compound, with permanent membership for owners of fully finished units.
• Prices starting from EGP 4,500,000, and 7 payment systems with a down payment starting from 10% and installments up to 12 years interest-free.

Units available in the first phases are limited, and prices move with every new phase, so book your unit today and contact the sales team to find out the latest prices and currently applicable offers at The Residence Compound Fifth Settlement sales number: ‎+201118183030

(Service available daily from 10 AM to 10 PM)