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| Project Name | Lake View Residence 2 |
| Location | New Cairo |
| Developer | El Hazek Developments |
| Project Area | 77 Feddan (~323,000 m²) |
| Unit Types | Apartments، Penthouses |
| Starting Price | 10,300,000 EGP |
| Down Payment | 10% |
| Installments up to | 7 years |
| Delivery Year | 2026 |
Lake View Residence 2 is the newer phase from El Hazek Developments inside the Golden Square of the Fifth Settlement, adjacent to the fully delivered original Lake View Residence.
The project is approaching final handover in Q4 2026, and today operates as a unique hybrid: a near-delivery phase from the developer alongside a very active secondary market for already-allocated units. This creates varied buyer pathways depending on priority.
Lake View Residence 2 prices start from 7,000,000 Egyptian pounds for smaller resale apartments, with the official developer launch price for remaining units set at 11,400,000 Egyptian pounds per Property Finder tracking in 2026.
The core advantage of Lake View Residence 2 is proximity to immediate readiness: handover within months, refreshed design, and entry into a fully mature community thanks to the prior success of the original Lake View Residence next door.
The project offers residential units sized 130 to 240 square metres, including apartments and penthouses with semi-finished delivery. This range serves small and mid-sized families seeking a near-ready home.
The expected resident profile at Lake View Residence 2 mirrors the original project: professional families, AUC staff, employees of New Cairo multinationals, and returning expats. Continuity with the established community is a meaningful asset.
For comparison with the delivered first phase, the original Lake View Residence on 300 feddans by the same El Hazek team offers secondary-market options for fully delivered units in occupation for years.
Lake View Residence 2 sits in the Golden Square at the heart of the Fifth Settlement. Coordinates: 30.0402°N, 31.5392°E. The location is directly adjacent to the parent Lake View Residence and shares its access network to New Cairo amenities.
A Golden Square location means surrounding amenities (international schools, hospitals, malls, clubs) are already operational. This is a real differentiator versus newer compounds in emerging zones such as the Administrative Capital or Mostakbal City.
Direct adjacency to the original Lake View Residence gives Lake View Residence 2 an immediate edge: known internal road network, ready neighbouring services, and a tested rental market for allocated units when owners choose to lease after handover.
Lake View Residence 2 design preserves the architectural identity El Hazek established in the original project with ISV Architects, with detailing refreshed for 2026 buyer expectations.
The master plan covers 77 feddans inside the Golden Square. Project focus is on mid-rise residential buildings with generous green spaces between clusters and safe pedestrian paths linking all amenities.
Standard unit finishing is Semi-Finished. This grants owners full flexibility on interior finish and décor level, while preserving budget for personal customisation after handover.
Building facades use neutral sandy tones with contemporary touches, generous balconies overlooking lakes or greenery, and considered heights protecting unit privacy. The design complements the visual identity of the Golden Square.
Lake View Residence 2 offers a narrower unit mix than the original project, focused on family apartments and penthouses. This concentration serves mid- to large-family buyers seeking a practical layout.
Apartments form the largest category, with sizes from 130 m² up to 185 m² for larger family layouts. A 142 m² 2-bedroom apartment in the project is available at a total price of 9,737,500 Egyptian pounds per PropertyFinder tracking.
Penthouses are a distinct segment reaching 240 m² with private rooftops, targeting households who prefer the top floor with extensive outdoor space. This is the smaller, more premium category in the project.
Buyers at Lake View Residence 2 have two paths: buy directly from the developer's remaining inventory (official launch price 11,400,000 Egyptian pounds for a family apartment), or buy on the secondary market for allocated units starting at 7,000,000 Egyptian pounds.
| Unit Type | Area | Starting Price |
|---|---|---|
| Apartments | 130–185 m² | 7,000,000 EGP |
| Penthouses | 200–240 m² | 15,000,000 EGP |
Prices at Lake View Residence 2 in 2026 reflect a near-delivery project with a very active secondary market (446 units listed on Property Finder). Prices fall into two main bands: remaining developer inventory and secondary-market allocations.
Developer pricing for the remaining new units from El Hazek starts at 11,400,000 Egyptian pounds for a 142 m² apartment, per PropertyFinder coverage of the official El Hazek Construction listing in 2026.
The secondary market offers more flexible pricing. Apartment prices at 131-145 m² start from 7,000,000 Egyptian pounds and reach 18,800,000 Egyptian pounds for the largest 3-bedroom apartments (185 m²) with payment plans still active.
Average price-per-square-metre at Lake View Residence 2 ranges between 55,000 and 80,000 Egyptian pounds on the secondary market, depending on view, finishing, and floor. This is a reliable benchmark to evaluate any listing.
Resale prices often include the remaining portion of the developer's payment plan, which reduces upfront cash. Transferring the remaining developer obligations must be documented in a formal letter from El Hazek.
El Hazek offers a flexible payment plan at Lake View Residence 2 for remaining new units. Down payments range from 5% to 15% of unit value, with installments spread over 5 to 7 years on monthly or quarterly schedules.
The 10% down / 7-year plan suits most new buyers and brings the monthly installment to a comfortable level versus full cash. Installments carry no formal interest, with the contract value fixed at signing.
On the secondary market, transfer of the remaining developer obligation is possible with El Hazek's prior approval. The new buyer takes over the remaining payment plan and pays the seller the market premium above what has been paid to the developer up to the transfer date.
After handover in Q4 2026, Egyptian mortgage banks will enable home-loan financing for Lake View Residence 2 at terms up to 20 years and 20% down. This suits buyers who prefer to fix a long-term monthly payment.
Investing in Lake View Residence 2 carries a specific advantage: buying a unit ahead of final handover within months, in a mature location ready for immediate leasing. This reduces the non-yielding holding period.
Expected rental yield at Lake View Residence 2 after handover ranges between 5% and 7% per year for long-term leasing, and 8-10% for short-term furnished rentals. Proximity to AUC ensures steady demand from academics and students.
Capital values at Lake View Residence 2 are expected to appreciate 12-18% during the first year after handover, in line with documented averages for recently delivered Golden Square compounds.
The main pre-handover investment risk is delivery delay. Solution: review El Hazek's track record of delivering the original Lake View Residence across five phases without material delay, and document the final handover date in the purchase contract.
Lake View Residence 2 benefits from adjacency to the delivered original Lake View Residence, giving it an immediate amenity edge. The project also runs its own internal facilities across 77 feddans.
Massive secondary market overshadows the developer offering: 446 listings from prior owners versus a single developer listing means high liquidity, but it can confuse a buyer assessing fair value. Solution: compare 3-5 listings at the same size and view, and check the price-per-square-metre rather than headline price.
Semi-finished delivery requires an additional finishing budget: full finishing cost after handover ranges 8,000-15,000 Egyptian pounds per square metre depending on décor level. Solution: budget for finishing from day one of the purchase, or negotiate a fully finished unit on the secondary market from the original allocatee.
El Hazek Developments was founded in 1979 and is one of Egypt's most established real-estate developers. Its track record in New Cairo is long, and its projects are recognised for on-time delivery and high build quality.
Beyond Lake View Residence 2, the company's portfolio includes the original Lake View Residence delivered across 300 feddans, plus the Lake View Plaza Mall commercial development tied to the residential community.
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 buyers in Lake View Residence 2. This continuity supports strong confidence in on-time final handover (Q4 2026).
For current Lake View Residence 2 pricing and available units, the inquiry form on this page connects directly with the CompoundGate team. To browse other New Cairo compounds, follow the internal links across the site.
Edited and verified by the CompoundGate Editorial Team. Last updated: April 21, 2026.
Lake View Residence 2 sits in the Golden Square at the heart of New Cairo Fifth Settlement, adjacent to the original Lake View Residence. Coordinates: 30.0402°N and 31.5392°E. The location is minutes from South 90th Street, the American University in Cairo (AUC), and Cairo Festival City. A standalone 77-acre 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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