1. Introduction: A New Era of Hassle-Free Luxury

In the bustling real estate landscape of Egypt, a shift is occurring towards “Turnkey” lifestyles. Modern investors and homeowners are no longer just looking for concrete shells; they are seeking fully integrated, serviced living experiences. Lake Residence New Cairo, the crown jewel of the Fifth Square compound, stands as the ultimate answer to this demand.

Developed by the prestigious Al Marasem International for Development, Lake Residence is not merely a cluster of apartment buildings; it is a hospitality-inspired community designed for those who value time, quality, and convenience. Imagine the comfort of a five-star hotel combined with the privacy and warmth of a home. This project offers fully finished, furnished units equipped with ACs and appliances, removing the notorious “finishing hassle” that often plagues property buyers in Egypt. Whether you are an expat seeking a seamless transition to Cairo or an investor looking for a high-yield asset with zero downtime, Lake Residence offers a sophisticated solution in the heart of the Fifth Settlement.

2. Project Highlights at a Glance

• Project Name: Lake Residence (Phase within Fifth Square).
• Developer: Al Marasem International for Development (Bin Laden Group).
• Location: Golden Square, New Cairo (Directly on North 90th Street).
• Project Footprint: 20,850 SQM.
• Unit Types: Serviced Apartments / Hotel Apartments.
• Finishing Status: Fully Finished + Furnished + ACs + Appliances.
• Unit Areas: Ranging from 48 SQM to 143 SQM.
• Starting Price: Competitive market entry with unique payment models.
• Payment Plan: 10% Down Payment, Installments up to 7 Years.
• Unique Selling Point: The “Partners Investment Scheme” (50% Partnership).
• Delivery: Approx. 3.5 Years.

3. Location & Accessibility: The Heart of the Golden Square

Location is the primary driver of capital appreciation, and Lake Residence commands one of the most enviable spots in New Cairo. It is situated within the Fifth Square compound, located directly on the North 90th Street.

This area is popularly known as the “Golden Square” due to its concentration of high-end compounds, administrative hubs, and luxury services. Living here means you are in the center of the action, yet protected by the serenity of a gated community.

Strategic Connectivity:

• The American University in Cairo (AUC): A mere 5-minute drive (5 km), making it a prime location for faculty and student rentals.
• Cairo International Airport: Only 15 minutes away, offering immense convenience for frequent flyers and expats.
• Al Rehab City: Just 2 minutes (4.5 km) away, providing access to a bustling marketplace and services.
• Suez Road: Located 2.7 km from the project, ensuring a traffic-free exit to Heliopolis, Downtown, or the Red Sea.
• New Administrative Capital: A short 20-minute drive to the east.
• Neighboring Landmarks: Close proximity to Solay, Palm Hills, and Village Gardens Katameya.

4. The Developer: Al Marasem International (Building History)

When investing in a fully furnished product, the quality of execution is paramount. Al Marasem International for Development is one of the few developers in Egypt with the in-house capability to deliver on such a promise.

Established in 1997, Al Marasem is a subsidiary of the massive Saudi Binladin Group. They are not just developers; they are Grade-A contractors with a history of building airports, hotels, and monumental infrastructure across the Middle East.

Why Al Marasem is a Safe Bet:

• Construction Power: They build their own projects, reducing reliance on third-party contractors and mitigating delivery delays.
• Quality Control: Their background in airport and hotel construction ensures a level of finishing and facility management that exceeds standard residential norms.
• Innovation: They were the first to introduce the “Partners Investment Scheme” (explained below) to the Egyptian market, showing financial creativity and confidence in their asset value.

5. Full Project Description: The Resort Life at Home

Lake Residence is designed to function as a resort within a city. Spanning a built-up area of 20,850 square meters, the architecture prioritizes water features and open spaces to create a calming micro-climate.

The “Lake” Concept:

True to its name, the project features swimmable lagoons and sandy beaches. This is a rarity in New Cairo. Residents can enjoy a beachside experience without leaving their homes. The landscape is meticulously designed to ensure that units have views of either the crystal ponds or the lush greenery, creating a sense of tranquility that contrasts with the busy 90th Street outside.

Serviced Living:

The buildings are managed like a hotel. This includes:

• Concierge Services: To assist with daily bookings and needs.
• Housekeeping: Available on demand.
• Maintenance: A dedicated team ensures the property remains pristine, protecting your investment value.

6. Unit Types & Areas: Turnkey Perfection

Lake Residence focuses exclusively on Hotel Apartments (Serviced Units). The inventory is designed to cater to modern singles, couples, and small families who prioritize efficiency and luxury.

The “Fully Furnished” Promise:

Unlike most competitors who sell “Core & Shell” or simple finishing, Al Marasem delivers these units with furniture, kitchen appliances, and air conditioning. You simply need to bring your suitcase.

Available Configurations:

• Studios (The Executive Suite):

• Area: 48 SQM – 52 SQM.
• Ideal for: Business travelers, students, or high-yield short-term rentals.

• 2-Bedroom Apartments:

• Area: 94 SQM – 103 SQM.
• Layout: Includes a Master Bedroom, secondary room, and reception.

• Premium 2-Bedroom:

• Area: 108 SQM.
• Layout: More spacious reception and enhanced views.

• 3-Bedroom Apartments (Family Suites):

• Area: 123 SQM – 132 SQM.
• Layout: Includes a dressing room and optimized living spaces.

• Grand Suites:

• Area: 143 SQM.
• Layout: The largest option, featuring 2 Master Bedrooms with dressing rooms and a large reception.

7. Facilities & Amenities: 5-Star Hospitality

Living in Lake Residence means having access to a suite of amenities that rivals luxury hotels. The developer has integrated services that make daily life effortless.

• Sandy Beaches & Lagoons: Swimmable water features that act as the social hub of the residence.
• The Clubhouse: A sophisticated community center for gatherings.
• Wellness & Sports:

• A world-class Gym with modern equipment.
• Jogging Tracks winding through the landscape.
• Multiple Swimming Pools for adults and children.

• Convenience:

• Concierge & Reception desks in buildings.
• Underground Parking to keep the community car-free.
• High-Speed Internet infrastructure (Free WiFi).

• Entertainment:

• A private Cinema Hall for residents.
• A secured Kids Area and nursery.

• Pet Friendly: A dedicated Pet Hotel and hosting area, allowing you to travel without worrying about your pets.
• Commercial Zone: Restaurants, cafes, and retail shops integrated within the Fifth Square compound.

8. Payment Plans & The “Partnership” Model

Al Marasem revolutionized the market with its financial models. Investors can choose between a standard purchase or a unique partnership system.

Option 1: Standard Installment Plan

• Down Payment: 10%.
• Installments: Spread over 7 Years (Equal installments).
• Interest: 0%.

Option 2: The 50% Partnership System (Investment Focus)

This system allows you to buy the unit in partnership with Al Marasem.

• You Pay: Only 50% of the unit price.

• 5% Down Payment.
• 5% after 3 months.
• The remaining 40% spread over 4 Years.

• The Deal: You own 50% of the asset, and Al Marasem owns 50%.
• Exit Strategy:

1. Rental Profit Sharing: The developer manages the rental (as a hotel apartment), and profits are split.
2. Buyback Option: You have the exclusive right to buy out the developer’s share later at the original contract price (not the market price at the time), representing massive potential savings.
3. Sale: You can sell the unit at current market prices and split the capital appreciation.

• Delivery: 3.5 Years.

9. Challenges & Cons: What to Consider

To provide a balanced view for the savvy investor:

• Service Charges: Serviced apartments typically carry higher maintenance fees compared to standard residential units due to the concierge, housekeeping, and lagoon maintenance.
• Privacy: While exclusive, the “hotel” nature means a higher transient population (short-term renters) compared to a strictly residential family compound.

10. Why Lake Residence is Ideal for Foreign Buyers & Expats

If you are looking for an entry into the Egyptian market, Lake Residence is arguably the safest and most convenient option available.

1. Capital Preservation: Real estate is a safe haven against economic fluctuations. The asset value increases over time, protecting your capital.
2. Hassle-Free Ownership: For an overseas investor, furnishing an apartment in Cairo is a logistical nightmare. Lake Residence eliminates this. The unit is ready to rent the day you receive the keys.
3. Dollar-Hedged Asset: High-end serviced apartments in New Cairo command rental rates in USD or Euros, catering to diplomats and multinational employees.
4. The Partnership Safety Net: If you are unsure about the market, the 50% partnership model reduces your exposure and risk by half, while ensuring the developer has “skin in the game” to maintain the property value.
5. Quality of Life: The sandy beach concept creates a vacation vibe in the middle of the city, highly appealing to tenants accustomed to Western standards of living.

11. Frequently Asked Questions (FAQ)

Q: Is Lake Residence a separate compound?

A: It is a distinct gated zone within the larger Fifth Square compound. It has its own identity and services but benefits from the wider compound’s security and facilities.

Q: Does the price include furniture?

A: Yes, the price for Lake Residence units includes full finishing, furniture, air conditioning, and kitchen appliances.

Q: How does the 50% partnership work if I want to live there?

A: The partnership model is primarily designed for investment. If you wish to live in the unit full-time, it is recommended to purchase the full 100% or plan to buy out the developer’s share before handover.

Q: Can foreigners buy property here?

A: Yes, foreign nationals can fully own residential property in New Cairo.

Q: What is the rental potential?

A: Due to the hotel-like nature and location near the AUC and business districts, these units are expected to generate significantly higher yields (10-12% annually) compared to standard unfurnished apartments.