New Capital R8 Phase 2: EGP 150bn Sales Expected
- The New Administrative Capital (NAC) is seeing increased activity in its R8 district, a key area for residential real estate.
- R8S appeal stems from its modern infrastructure, strategic location near the government District and Green River, and diverse real estate options.
- Etqan's study reveals that 18,700 units, about 34.5% of the projected 54,200, have been sold.Tho,the area is dominated by apartment buildings,with limited villa options,partly due to the conversion...
Discover the booming growth in New Capital’s R8 district. Phase 2 land plots launch with analysts predicting a massive EGP 150 billion in sales from new residential units. This strategic area, a prime spot for real estate investment, has seen a significant rise in property values since 2016, showcasing robust demand. With strong infrastructure and location advantages near key amenities, R8 presents a golden prospect for developers. Our report highlights key factors, including construction progress across 28 projects and the limited availability of villa options. Stay informed with News Directory 3 for the latest market insights. Find out what’s driving this impressive real estate surge and its potential.Discover what’s next in this dynamic market.
New Capital’s R8 district Poised for Further Real Estate Growth
Updated June 02, 2025
The New Administrative Capital (NAC) is seeing increased activity in its R8 district, a key area for residential real estate. Etqan Financial and Commercial Consultancy released a market study coinciding with the launch of Phase 2 land plots in R8, identifying it as an investment hotspot.
R8S appeal stems from its modern infrastructure, strategic location near the government District and Green River, and diverse real estate options. The district, primarily developed by the private sector, spans over 2,500 feddans and aims to house up to 450,000 residents.
Etqan’s study reveals that 18,700 units, about 34.5% of the projected 54,200, have been sold.Tho,the area is dominated by apartment buildings,with limited villa options,partly due to the conversion of the La Verde Cassette hotel.
Construction progress varies across the 28 projects, with an average completion rate of 44%. Twelve projects are in early stages (0-30%), four are 30-60% complete, and another 12 are 60-90% finished. Only a few projects offer hotel-serviced units suitable for conversion into hotel apartments.
Bassem El Sherbiny, CEO of etqan, stated that the study aims to inform policymakers and developers. The administrative Capital for Urban development (ACUD) has launched Phase 2, offering 16 land parcels ranging from 14 to 60 feddans.
El Sherbiny noted the meaningful increase in property values in the R8 district, a key area for residential real estate, from EGP 6,000 per square meter in 2016 to over EGP 45,500 in 2025.”This sharp increase underscores robust demand and significant investment returns,” El Sherbiny said.
Ahmed Abdel Aziz, Executive partner and Financial Consultant at Etqan, anticipates Phase 2 of R8 to introduce approximately 16,000 new residential units, generating projected sales of EGP 150 billion.
The NAC’s residential market has surpassed New Cairo and West cairo in price growth, increasing nearly 30% more and exceeding national inflation rates by 160% between 2016 and 2024, according to Abdel Aziz.
What’s next
With half of R8’s land still undeveloped,the district presents a “golden window” for developers,according to El Sherbiny. Etqan aims to continue supporting clients with actionable strategies,building on its track record of facilitating over EGP 16 billion in residential sales in the NAC.