Palma Compound is a prime residential community in the heart of New Cairo, Egypt. Located on the strategic northern 90th Street in the Fifth Settlement, it offers a vibrant living experience. Developed by the Housing and Development Bank, Palma Compound features exclusive villas surrounded by high-end residential complexes.

The project aims to create a lively community that celebrates life in all colors. Palma’s central location provides residents easy access to amenities and services in New Cairo.

Overview of Palma Compound

Palma Compound is a prestigious residential development in New Cairo, offering a blend of luxury living and strategic positioning. Its well-planned layout and high-end amenities cater to those seeking an elevated lifestyle in Egypt’s burgeoning new urban center.

Location and Accessibility

Palma Compound is in the heart of New Cairo’s Fifth Settlement. It sits directly on the northern 90th Street, a major thoroughfare that ensures excellent connectivity. The compound’s strategic position provides residents easy access to critical areas of New Cairo and beyond.

Nearby landmarks include high-end residential complexes like Villar and Maxim. This proximity to other upscale developments enhances Palma’s appeal and property value. The compound’s location also offers convenient access to essential services, shopping centers, and educational institutions in New Cairo.

Distinctive Features and Views

Palma Compound boasts a range of distinctive features that set it apart from other developments in New Cairo. The project offers various housing options, including villas and apartments, to satisfy different preferences and family sizes.

Green spaces are a vital element of Palma’s design. Lush gardens and landscaped areas surround the residential units, creating a serene and visually appealing environment. This focus on greenery contributes to a healthier living space and enhances the overall aesthetics of the compound. The development also incorporates modern amenities and facilities. While specific details are limited, Palma likely includes features standard to high-end compounds such as swimming pools, fitness centers, and recreational areas.

Comparison With Nearby Compounds

Palma Compound holds its own compared to other prestigious developments in New Cairo. While it may not be as expansive as Palm Hills New Cairo, which spans 500 acres, Palma offers a more intimate community setting without compromising luxury.

Like Palm Hills, Palma emphasizes a green, health-conscious environment. However, Palma’s smaller scale may allow for a more cohesive community feel. Its strategic location on 90th Street potentially offers better accessibility than other compounds.

Regarding property options, Palma provides a focused selection of villas and possibly apartments. This contrasts with more significant compounds that might offer a broader range of property types but could lack Palma’s sense of exclusivity.

Property Types and Options

Palma Compound offers diverse residential options to suit different preferences and lifestyles. The development features apartments, duplexes, townhouses, twin houses, and standalone villas, providing choices for various family sizes and budgets.

Apartments and Duplexes

Apartments in Palma Compound come in different sizes and layouts. These units are perfect for individuals, couples, or small families seeking a modern living space. Apartments typically range from 150 to 233 square meters in size.

Duplex apartments offer a more spacious alternative, spreading across two floors. These units provide additional privacy and often feature separate living and sleeping areas. Both apartment types have modern amenities and finishes, reflecting the compound’s commitment to quality and comfort.

Townhouses and Twin Houses

Townhouses and twin houses in Palma Compound offer a middle ground between apartments and standalone villas. These properties deliver more space and privacy compared to apartments while being more affordable than villas.

Townhouses are multi-story homes that share walls with neighboring units. They often include private gardens or terraces. Twin houses are semi-detached homes that share one wall with a neighboring unit. These properties typically offer more outdoor space and greater privacy than townhouses.

Luxurious Standalone Villas

Standalone villas are the most exclusive residential option in Palma Compound. These luxurious homes range from 322 to 698 square meters and cater to larger families or those desiring more space and privacy.

Villas include high-end finishes, spacious living areas, and private outdoor spaces. Many include amenities such as private pools, gardens, and multiple parking spots. These properties often offer customization options, allowing residents to tailor their homes to their tastes and needs.

Amenities and Services

Palma Compound offers many amenities and services to enhance residents’ quality of life. The development prioritizes convenience, leisure, and community well-being through its carefully planned facilities and infrastructure.

Lifestyle and Community Facilities

Palma Compound features extensive green spaces and landscaped areas for residents to enjoy. The development includes well-maintained parks and gardens, providing a serene environment for unwinding and outdoor activities.

The community’s central social hub is a modern clubhouse with the latest amenities. It offers recreational facilities such as swimming pools, fitness centers, and sports courts. The compound also boasts scenic lakes, which enrich the beauty of the surroundings and create tranquil spots for residents to unwind.

Educational and Health Services

Palma Compound prioritizes access to quality education. An international school is located within the development, providing residents with convenient educational options for their children.

The compound also ensures easy access to healthcare facilities. Medical centers and clinics are strategically placed to cater to residents’ health needs. Emergency services are readily available, ensuring quick response times for any medical situations that may arise within the community.

Shopping and Commercial Projects

Palma Compound integrates commercial projects to meet residents’ daily needs. The development includes shopping centers and retail outlets, offering diverse products and services.

Supermarkets and convenience stores are conveniently located throughout the compound, allowing easy access to groceries and everyday essentials. Restaurants and cafes are also part of the commercial landscape, providing dining options for residents and visitors alike. The compound’s commercial areas are designed to blend seamlessly with the residential spaces, maintaining the development’s overall aesthetic appeal.

Investing in Palma Compound

Palma Compound offers attractive investment opportunities in New Cairo’s real estate market. The development combines prime location, quality construction, and potential for value appreciation.

Property Value and Market Trends

Palma Compound’s strategic position in New Cairo contributes to its investment appeal. The area has seen steady property value increases in recent years. Units in Palma Compound start from 12,000,000 EGP for apartments, while larger villas reach up to 40,000,000 EGP. These prices reflect the compound’s premium status and amenities.

The compound’s developer, Housing and Development Bank, has a proven history of completing high-quality projects. This reputation adds to investor confidence and potential resale value. New Cairo’s continued growth and development will likely support future property value increases in Palma Compound.

Financial Considerations

Investing in Palma Compound requires careful financial planning. The developer offers flexible payment plans to make purchases more accessible. Typical payment structures include a 10-20% down payment, with the remainder spread over 3-5 years. This system allows investors to manage cash flow while securing their property.

Rental yields in New Cairo compounds generally range from 5-8% annually, providing potential passive income for investors. Palma Compound’s desirable location may command higher rents. When calculating total investment and returns, investors should consider additional expenses like maintenance fees, property taxes, and potential renovation expenses.