Edge Holding, a New Capital-based real estate development firm, has announced the launch of its new residential compound, OIA. This is the company's first project in Egypt's new administrative capital.

The OIA compound, located in the R7 residential district of the new capital, spans over 30 acres of land. It includes a total of 1,000 residential units consisting of apartments, duplexes and penthouses, ranging in size from 80 to 250 square meters.

According to the developer, OIA offers a unique lifestyle that combines luxury and elegance with modernity and convenience. The compound was designed to reflect the latest global architectural trends and features lush greenery, water features, and a variety of amenities for residents, including a clubhouse, swimming pools, a gym, and a kids' area.

One of the most notable features of OIA is its central location within the new capital. It is situated near several key landmarks, including the presidential palace, the parliament building, and the embassies district. This provides residents with easy access to major roads and highways, as well as numerous entertainment and shopping destinations.

The developer also emphasizes that OIA was designed with sustainability in mind, incorporating various eco-friendly elements such as solar panels, green roofs, and energy-efficient lighting systems. This not only benefits the environment but also reduces residents' energy consumption and utility bills.

Commenting on the launch of OIA, Amr El-Kharadly, CEO of Edge Holding, said: "We are thrilled to introduce our first project in the new administrative capital. OIA represents a significant milestone for our company and demonstrates our commitment to developing high-quality residential communities that meet the needs and aspirations of our clients."

El-Kharadly also added that OIA offers a great investment opportunity for those looking to invest in Egypt's booming real estate market, as the new capital is expected to become a major economic hub and a prime destination for both local and international investors.

The OIA compound is currently under construction, with the first phase of delivery scheduled for 2023. Pricing for the residential units starts at EGP 1.1 million ($70,100).