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| Project Name | Lake View Residence |
| Location | New Cairo |
| Developer | El Hazek Developments |
| Project Area | 300 Feddan (~1,260,000 m²) |
| Unit Types | Apartments، Penthouses، Duplexes، Townhouses، Twin Houses، Villas |
| Starting Price | 10,500,000 EGP |
| Down Payment | 30% |
| Installments up to | 5 years |
| Delivery Year | 2018 |
Lake View Residence is one of New Cairo's most established compounds, developed by El Hazek Developments across 300 feddans inside the Golden Square of the Fifth Settlement.
The main phases of the project have already been delivered, and the compound operates as a fully serviced community. The active market today is the secondary market — resale of delivered, move-in-ready units.
Lake View Residence prices start from 10,500,000 Egyptian pounds for apartments in the 130-150 m² range on the resale market, reaching 190,000,000 Egyptian pounds for the largest standalone villas.
The core advantage of Lake View Residence is maturity: 118 residential buildings, an artificial lake network, an operational clubhouse, and an active commercial district running for years already. No waiting, no handover risk.
Today's typical buyer is looking for a ready unit inside a mature compound with proven amenities — not an investor betting on a new launch. This distinction is essential when evaluating Lake View Residence against newer Golden Square projects.
Architectural design comes from the renowned Greek firm ISV Architects. The design blends a Mediterranean character with contemporary planning, with a strong focus on water features and open spaces (built-up ratio is just 22.5% of the land).
The resident profile at Lake View Residence is stable: professional families, returning expats, AUC faculty, and staff working at New Cairo multinationals. This mature mix has created a healthy social fabric over years of occupancy.
For comparison, the newer phase Lake View Residence 2 by the same developer is the latest launch — handover scheduled December 2026 — and represents the alternative for buyers who prefer off-plan with an extended installment plan.
Lake View Residence sits in the Golden Square at the heart of the Fifth Settlement. Coordinates: 30.0245°N, 31.5389°E. The location enables fast access to all major New Cairo amenities.
A Golden Square location means every surrounding amenity (international schools, hospitals, malls, clubs) is already operational. This is a real differentiator versus newer compounds in emerging zones like the Administrative Capital or Mostakbal City.
Proximity to AUC gives Lake View Residence a clear rental edge: continuous demand from faculty and international students. This explains the stability of rental yields at Lake View Residence compared with compounds further from higher-education hubs.
The Lake View Residence design is signed by ISV Architects, one of the leading Mediterranean architectural studios. The design philosophy blends a Mediterranean identity with contemporary urban planning.
The master plan hosts 118 residential buildings spread across 300 feddans, with a network of artificial lakes weaving between residential clusters. Green and water surfaces account for more than 70% of the total project area.
Finishing inside delivered units varies — Semi-Finished for most apartments, Fully Finished for villas and select units. The resale market offers many furnished and semi-furnished options as well.
Building facades use sandy and classic white tones, pitched roofs with terracotta tiles, and generous balconies overlooking lakes or green spaces. This visual identity is consistent across the whole project and sets it apart from neighbouring compounds.
Lake View Residence offers a unit mix that serves a wide spectrum of buyers, from family apartments up to large standalone villas. This range is a natural outcome of the project's 300-feddan footprint.
Apartments are the largest category by count, with sizes from 134 m² up to 212 m² for the largest layouts. Penthouses sit in a separate band of 266-272 m² with private rooftops.
Standalone villas are the premium category, ranging from 800 m² up to 1,006 m². Townhouses and twin houses sit in the mid-range at 550-680 m² for twins and smaller for towns.
Duplexes are a distinct segment at 266-340 m², targeting larger families who prefer multi-level layouts over a detached villa. Average villa price-per-square-metre on the secondary market is 141,650 Egyptian pounds.
| Unit Type | Area | Starting Price |
|---|---|---|
| Apartments | 134–212 m² | 10,500,000 EGP |
| Penthouses | 266–272 m² | 28,000,000 EGP |
| Duplexes | 266–340 m² | 32,000,000 EGP |
| Townhouses | 220–280 m² | 45,000,000 EGP |
| Twin Houses | 550–680 m² | 60,000,000 EGP |
| Villas | 800–1006 m² | 85,000,000 EGP |
Prices at Lake View Residence in 2026 reflect a mature secondary market for a fully delivered compound in a prime location. Prices vary materially by unit type, finishing condition, and view.
Apartments start at 10,500,000 Egyptian pounds for smaller layouts (130-150 m²) and reach 25,000,000 Egyptian pounds for larger furnished apartments (200-212 m²) with prime lake views.
Penthouses start at 28,000,000 Egyptian pounds and duplexes from 32,000,000 Egyptian pounds. Townhouses and twins sit in the 45,000,000 to 75,000,000 Egyptian pounds range depending on size and internal location.
Standalone villas form the top tier, with prices from 85,000,000 Egyptian pounds for mid-size villas up to 190,000,000 Egyptian pounds for the largest villas with direct lake views. These figures are tracked on platforms such as Aqarmap and Bayut.
Average villa price-per-square-metre at Lake View Residence reached 141,650 Egyptian pounds in 2026. This is a reliable benchmark to evaluate any unit listed on the secondary market.
Because Lake View Residence is largely a delivered project, secondary-market prices are typically paid in cash or financed through commercial banks. There is no direct developer installment plan for already-handed-over units.
Egyptian mortgage banks offer financing to buy Lake View Residence units at competitive interest rates, with terms up to 20 years for some banks. Bank down payments start at 20% of unit value.
Some owners offer private 3-5 year installment arrangements with 30-50% down. These deals are individual and must be documented in a registered sale contract.
Buyers who prefer off-plan with an extended developer installment plan should look at Lake View Residence 2 by the same El Hazek Developments, which offers official extended payment terms and December 2026 handover.
Investing in Lake View Residence has clear upsides for buyers seeking a delivered unit ready for immediate leasing. The mature location and continuous amenity uptake guarantee stable rental demand.
Long-term apartment rental yields at Lake View Residence sit at 5% to 7% per year. Villas and large units yield comparatively less (3-5%) but capital values appreciate steadily.
Short-term furnished rental delivers a higher yield, up to 8-10% for apartments with prime views, thanks to proximity to AUC and the inflow of international visitors and expats.
The main risk in buying inside a delivered compound is maintenance and refurbishment cost. Solution: assess the unit's physical condition carefully before purchase, and review the homeowners-association maintenance log.
Lake View Residence runs a complete amenity stack that has been operational for years. This is a material differentiator versus projects still under amenity build-out.
Building age and maintenance cost: some buildings were handed over years ago, which means potential partial refurbishment or routine upkeep. Solution: review the maintenance log before purchase and budget 5-10% of unit value for refurbishment at acquisition.
No direct developer offering: units are bought from owners on the secondary market, which limits extended developer installments. Solution: bank mortgage financing offers alternatives up to 20-year terms, or buy in Lake View Residence 2.
El Hazek Developments was founded in 1979 and is one of Egypt's most established real-estate developers. The company's track record in New Cairo is long, and its projects are recognised for on-time delivery and high build quality.
Beyond Lake View Residence, El Hazek's portfolio includes Lake View Residence 2 — the latest launch with December 2026 handover — along with the Lake View Plaza Mall commercial development tied to the residential project.
El Hazek's institutional reputation and the proven delivery record of all five phases of the original Lake View Residence form the core assurance for new buyers in Lake View Residence 2. This continuity supports strong confidence in on-time handover.
For current Lake View Residence pricing, the inquiry form on this page connects directly with the CompoundGate team. To browse other New Cairo compounds, follow the internal links across CompoundGate.
Edited and verified by the CompoundGate Editorial Team. Last updated: April 15, 2026.
Lake View Residence sits at the heart of New Cairo Fifth Settlement (Golden Square). Coordinates: 30.0245°N and 31.5389°E. The location is minutes from South 90th Street, the American University in Cairo (AUC), and Cairo Festival City. A standalone 300-feddan masterplan developed by El Hazek Developments.
Hassan Allam Properties
About Hassan Allam Properties Hassan Allam Properties is the real estate arm of Hassan Allam Holding, one of the largest engineering and contracting groups in Egypt and the broader MENA region. The parent company was founded in 1936 by Eng. Hassan Allam, giving the real estate po...
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