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What is Madai New Capital Compound and who is the developer?
Madai is a residential project in the Eighth District R8 of the New Administrative Capital, developed by Larz Developments, the real estate arm of Al Gaweesh Group, in partnership with the National Authority for Tunnels under the Ministry of Transport, with total investments reaching 17 billion EGP.
Where is Madai Compound located?
It is located in the heart of the Eighth District R8 on plot C2, overlooking the Diplomatic District directly at the intersection of the Diplomatic District axis and the South Bin Zayed axis. It is one of the last available plots in the district.
What is the project's area?
The project extends over an area of 36 acres (approximately 151,200 m²) across three development phases.
What is the building ratio and green space ratio in the project?
Only 22% of the total area is dedicated to buildings, while 78% is left for green spaces, landscaping, and water features, an exceptional ratio compared to the average of Eighth District projects.
What types of units are available in Madai Compound?
The project includes apartments, duplexes, and townhouses (corner and middle), with a distribution of 60% residential buildings and 40% independent townhouse units.
What are the unit sizes in the project?
Sizes range from 79 m² for a one-bedroom apartment to 215 m² for a duplex.
What is the starting price of units in Madai Compound?
Unit prices start from 2,607,000 EGP, while the price per meter starts from 33,000 EGP.
What are the payment and installment plans in the project?
Two plans are available: the first with a 5% down payment and installments up to 10 years interest-free, and the second with a 10% down payment and installments up to 10 years interest-free.
How much is the reservation deposit?
The reservation deposit is 50,000 EGP for residential apartments and 100,000 EGP for duplexes and townhouses, and it is refundable according to the contract terms.
Is there a launch discount in the project?
Yes, the company offers a launch discount of up to 10% for those who reserve during the initial launch period, in addition to an extra cash discount for full cash payment.
What is the type of unit finishing in Madai Compound?
Units are delivered on a Core & Shell basis, meaning with concrete walls, floors, and ceilings plus essential utility connections, allowing the owner to carry out the interior finishing according to their own taste.
What is the delivery date for the project?
Delivery of first-phase units begins within 4 years from the contract date, with the company committed to the schedules approved by the National Authority for Tunnels and the New Urban Communities Authority.
What are the main services and facilities in Madai Compound?
The project includes artificial lakes and water features, an adults-only clubhouse, a yoga deck over the water, private gym pods, a health club and spa facilities, in addition to swimming pools, sports tracks, a commercial area, nurseries, and medical clinics.
Who is the engineering consultant and who is the contractor?
The engineering consultant is GRID Design and Engineering, while construction is handled by GMC (Green Modeling Contractor), the executive arm of Al Gaweesh Group specialized in building hospitals and major projects.
What makes Madai Compound an investment opportunity?
The project combines its location on the last plot in R8 overlooking the Diplomatic District, the developer's partnership with the National Authority for Tunnels with investments of 17 billion EGP, and its actual proximity to the monorail station (3 minutes), all of which are factors that support the growth of the unit's market value over the long term.