Cava Residence Compound Obour stands out as one of the fruits of the alliance between Prax Real Estate Development and Asas Taba Real Estate Company, offering a mix of studios, apartments, and duplex units within an urban plan that carefully balances residential blocks and open spaces.
Prax Real Estate Development was born from an Egyptian Saudi alliance, making its first major venture through the Cava project by PraxThe company enlisted specialized consultancy entities such as Shad Management for marketing management and Axes for real estate asset management, in an effort to ensure a strong launch for its first work in Obour City.
The Cava Obour City project is located on Plot No. 1, classified VIP, directly overlooking the Youth Axis, and close to the entrance of Belbeis Road and the Middle Ring Road, positioning it at a vital intersection that connects its residents to most areas of Greater Cairo and Sharqia within minutes.
Cava Compound Obour extends over an area of 25 acres, equivalent to 102 thousand square meters, of which only 17 acres are allocated to residential buildings, not exceeding 25% of the total. Residential units vary between studios, apartments, and duplexes, with spaces starting from 75 square meters, suiting individuals and small families.
The price per square meter at Cava Residence Obour starts from 21,500 and reaches 26,000 Egyptian pounds, with a payment system starting with a 10% booking down payment of the unit value and installments extending up to 8 years without interest.
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Cava Residence Compound Obour Location
Cava Residence Compound Obour occupies a unique spot at Plot No. 1 (VIP) in the heart of Obour City, directly overlooking the Youth Axis without barriers, and at the same time close to the entrance of Belbeis Road and its connection point with the Middle Ring Road. The choice of this specific spot gave the project a central location that makes it easy to head toward Greater Cairo axes without crossing long secondary roads.
The vital and strategic location of the Cava Residence project is an additional competitive advantage compared to neighboring projects.
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Cava Residence Obour Nearby Places
The developer did not settle for just a good location; it ensured that Cava by Prax is surrounded by a network of roads and services that shorten distances for its residents, including:
- Middle Ring Road: Connects Cava Residence Compound to many different areas and axes, reachable within just a few minutes from the project’s main gate.
- North 90 Street: A very short distance from the compound, and the compound is also close to Back 90 Street at the same time.
- Ismailia Road and Belbeis Entrance: Among the most important roads, just minutes away from Cava Compound Obour, facilitating movement toward Greater Cairo governorates.
- Youth Axis: The compound directly overlooks it, giving front units an open view of one of the most important axes in Obour City.
- Nearby Universities: Cava Residence is a short distance from Benha and Obour Universities, making it a suitable choice for families with students.
This integration between location and the surrounding road network makes the Cava Obour project an easy connection point between Obour City and the rest of the country.
Cava Compound New Obour Area
The area of Cava Residence Compound Obour extends over a full 25 acres, equivalent to 102 thousand square meters, divided with true creativity between green spaces, residential units, and the commercial area, as follows:
- Total Area: The entire compound occupies about 25 acres, equivalent to 102 thousand square meters.
- Unit Area: The various residential units occupy about 25% of the total project area.
- Landscape: Green spaces and landscaping occupy about 70% of the total area of Cava Compound Obour.
- Commercial Area: It took an ideal percentage of about 7 separate acres.
These studied ratios make Cava Residence Obour City a low density model ensuring its residents a wide margin of privacy and visual comfort.
Types of Units
Prax launched within Cava Residence Compound three main categories of residential units to cover the needs of various clients, as follows:
- 1 bedroom studios.
- 2 bedroom apartments.
- 3 bedroom duplexes.
This gradation in unit types gives the Cava project by Prax the ability to attract multiple segments of clients and investors.
Cava Residence Compound Obour Unit Sizes
Unit sizes within Cava Residence Compound Obour start from only 75 square meters. The developer creatively provided multiple units with varying spaces to suit different needs, as follows:
- 1 bedroom studio: Spaces starting from 75 square meters.
- 2 bedroom apartment: Spaces starting from 105 up to 125 square meters.
- 3 bedroom duplex: Spaces starting from 140 up to 195 square meters.
This diversity in spaces allows every client within the Cava Residence Obour project to choose the unit that suits their family composition without any unnecessary padding in space.
Cava Residence Compound Obour Prices
The price per square meter within Cava Residence Compound Obour starts from 21,500 Egyptian pounds and may reach 26,000 pounds, depending on unit location, type, and size. The developer offered the lowest price per square meter, which positively reflected on the total unit price, as follows:
- 1 bedroom studios: Prices starting from 1,610,000 Egyptian pounds.
- 2 bedroom apartments: Prices starting from 2,260,000 and 2,690,000 Egyptian pounds.
- 3 bedroom duplexes: Prices starting from 3,010,000 Egyptian pounds.
These prices within Cava Residence by Prax reflect the developer’s keenness to offer an integrated value investment opportunity compared to similar projects in Obour City.
Cava Residence Compound Obour Reservation and Installment Systems
The reservation and installment systems at Cava Residence Compound Obour start with a booking down payment starting from only 10% of the unit value, with the remainder paid without interest over the longest possible period, as follows:
- Booking down payment: Starting from 10% of the total unit price.
- Installment period: Extending up to 8 years without any additional interest.
- Booking fee: Paid at 50,000 Egyptian pounds to confirm the unit.
- Cash discount: Up to 20% when paying the full value in one payment.
This financial flexibility within Cava Compound Obour gives a real opportunity to own without bearing heavy financial burdens from the start.
Delivery Date and Finishing System
Prax has set the delivery date for units at Cava Compound Obour after only 3 years from the contracting date, by the year 2029. This is a relatively short period compared to similar projects in the market. Units are delivered with a semi finished system, giving owners enough space to add their own touches before actual residence.
Cava Compound Obour Services and Facilities
The development team designed within Cava Residence Obour City an integrated service system distributed across independent functional areas, so each resident finds what suits their interests without leaving the project boundaries. These services include:
- The sports area includes multiple swimming pools, tennis courts, and a fitness center equipped with the latest equipment for daily exercise.
- The gym and spa suite within Cava Compound Obour contains areas dedicated to relaxation and physiotherapy away from daily life noise.
- A central artificial lake sits in the heart of the project, giving all its units a calm water view extending between residential units.
- The social club within the Cava Residence project offers a space for residents’ gatherings and events in an elegant and comfortable atmosphere.
- An integrated children’s area includes an adventure playground and two water play areas for enjoyable and safe times throughout the year.
- There is an educational center for children within Cava Residence Obour providing interactive activities that serve children’s cognitive growth.
- Cava Residence Compound includes a mosque with a distinctive architectural design serving residents and visitors at various prayer times.
- A strip of restaurants and cafes overlooking the central lake extends to be a daily destination for residents seeking a different social atmosphere.
- In every corner of the Cava New Obour project, there are surveillance cameras with advanced technologies, helping record and monitor all movements.
- A secured security gate operates around the clock, along with a concrete wall 3 meters high and two smart gates to ensure the highest safety standards within the project.
This integration between sports, recreational, and service areas makes Cava Compound Obour an integrated residential experience where you do not need to search outside the compound walls.
Cava Residence Compound by Prax Design
The developer utilized the entire area of Cava Residence of 25 acres to implement designs matching luxurious European styles, relying on glass facades and clear structural lines giving the project a distinctive modern character. The project buildings consist of a ground floor and only four upper floors, a studied height that maintains low population density and enhances the privacy and comfort of unit residents.
Cava Residence Obour Master Plan
The owning company collaborated with the largest engineering consultancy entities to set a precise master plan for Cava Residence Compound Obour, taking into account balanced distribution of spaces and appropriate gaps between buildings. Functional areas within the project are distributed to separate the residential block from the commercial area and recreational spaces, achieving smooth movement and reducing any overlap between different resident activities.
Cava Residence Compound Engineering Consultant
Prax relied on direct collaboration with specialized consultancy entities, most notably Axes for development and real estate asset management, to supervise the execution of Cava Residence Compound according to the highest international quality standards. This supervision covers all construction phases, from initial planning to final unit delivery to clients.
Obour About Prax Developments
Prax Real Estate Development was established as a result of an Egyptian Saudi investment alliance between a group of businessmen and Asas Taba Real Estate Company. It is led by Eng. Mohamed El Refaei as CEO. Despite its recent establishment, the company has managed through Cava Residence Compound Obour to present a different architectural vision that exceeds many real estate market expectations, relying on strong partnerships with entities specialized in marketing and asset management.
Cava Residence Compound Success Partners
Prax relied in executing Cava Obour City on close collaboration with a select group of specialized entities to ensure the highest levels of quality and perfection, including:
- Shad Management: Responsible for marketing consultancy and management for the Cava Residence project.
- Axes: Specialized in providing integrated investment solutions, real estate marketing, and asset management within Cava Compound Obour.
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Cava Residence Compound Obour Investment Advantages
Cava Residence Compound combines several factors that make it an attractive investment opportunity within Obour City and other vital cities as well. These advantages include:
- Geographical location: The project occupies a vital location directly overlooking the Youth Axis and close to the Middle Ring Road.
- Competitive prices: Prices at Cava Compound New Obour suit multiple segments of clients and investors, given its lower price compared to other projects.
- Exclusive services: The compound contains an integrated service system making living in its luxurious and diverse units a different experience from its surroundings.
- Innovative designs: Cava Compound Obour shines in the New Cairo sky thanks to its architectural design inspired by wonderful European styles.
The combination of these elements makes Cava Residence by Prax a promising investment choice for anyone seeking an opportunity within New Obour City.
Cava Residence Compound Obour Neighboring Projects
- Serenity Walk Mall Obour.
- Murtaqa Compound Obour.
- Jazeel Residence Compound Obour.
- First East Mall Obour.
- Town Ten Compound New Obour.
Cava Residence Obour Drawbacks
Considering the distinguished location of Cava Residence Compound Obour and the comprehensive package of services it offers, in addition to competitive prices compared to its counterparts, it is clear that there are no drawbacks to consider in this project or integrated residential community. This is due to Prax’s keenness to address every detail from the first planning stage.