The city of New Borg El Arab is one of the first generation of industrial residential cities that were established in Alexandria Governorate under a presidential decree in 1979. This was to reduce congestion in central Alexandria. In addition, the city administratively follows the New Urban Communities Authority.
Location of the New Borg El Arab
The city of New Borg El Arab is located 48 km west of Alexandria. Moreover, it is 7 km from the coast of the Mediterranean Sea and the Alexandria-Matrouh coastal road, and about 3 km from the city of Borg El Arab.
Area of New Borg El Arab
Most importantly, the area of the city is about 255 square kilometers, and is divided into 13 neighborhoods, including many fundamental and recreational services, for example:
- Schools, nurseries and universities
- A special area for banks and banking services
- A technological zone, including companies and commercial offices
- Sports clubs, including: Smouha Club and Petrosport Club
- 5 industrial zones
- Hospitals, including: Borg El Arab Hospital for Cancer, Borg El Arab General Hospital, and Al Salam Royal Private Hospital
Housing units in New Borg El Arab
The city includes numerous and various housing units, reaching about 25,150 housing units established by more than one construction company, for example:
- Urban Communities Authority established about 9,473 housing units.
- Private sector companies constructed around 9,485 housing units.
- Engineering Authority of the Armed Forces implemented about 6,192 housing units.
- Moreover, a number of 27,934 housing units are currently under construction.
Prices of housing units
Prices vary in accordance with the area of units. The average land price is around EGP 800 per square meter. Areas range from 209 square meters to 270 square meters.
To clarify, the average price per square meter for the privileged housing lands is EGP 1,750 per square meter. Areas range from 600 square meters to 1,200 square meters. As for the average prices of apartments, they are around EGP 375,000, and prices of villas start from EGP 1,300,000.
Current projects in New Borg El Arab
In addition, several projects in the city are planned to be ready for delivery by 2032, including:
- Technology Valley Projects
- Free industrial zone
- The logistics park
- Staff housing
- A privileged housing project and other projects
*It is worth mentioning that the prices mentioned in this article are subject to change, and we, in Aqarmap, continuously keen on updating the neighborhood price list, so that the customer becomes aware of the changes taking place in the real estate market, as well as we measure the demand indexes via Aqarmap index.
The post Learn about the New Borg El Arab; Industrial residential city appeared first on Aqarmap Blog.
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