Mountain View Developments

Mountain View iCity New Cairo · Fifth Settlement, New Cairo · Mountain View Developments

Mountain View iCity New Cairo

New Cairo's flagship smart city: 5 elevated islands linked by a 15km corniche, backed by a $3.6bn partnership

StartsEGP 15.59M
HandoverDeveloper units hand over between currently and June 2029
LocationFifth Settlement, New Cairo
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What is Mountain View iCity New Cairo?

Mountain View iCity New Cairo is an integrated smart-city project by Mountain View in Cairo's Fifth Settlement, spanning 500 feddans in partnership with Egypt's Ministry of Housing and a Saudi alliance, with developer prices starting from EGP 15,593,030 currently and phased handovers targeting completion by Q1 2027. The story began as a memorandum signed at the Sharm El Sheikh Economic Conference, formalized in 2016 as the largest Egyptian-Saudi real estate partnership of its time: a $3.6bn smart city developed by the Mountain View–Sisban Holding alliance (60%) with Egypt's Ministry of Housing and NUCA (40%). The result spans 500 feddans — roughly 2 square kilometers — fronting the Regional Ring Road on New Cairo's eastern edge, just 4 minutes from the Suez Road.

The project includes 8,750 residential units (down from an original 18,000-unit plan), and a single phase has drawn EGP 8bn in investment.

Payment runs up to 10 years at 5% down, with a minimum 2.5% down over 9 years. Following Eng. Amr Soliman's May 2026 site tour to accelerate construction, iCity is heading into its real delivery wave.

Where is Mountain View iCity New Cairo located?

Mountain View iCity New Cairo is positioned between the Fifth Settlement and Mostakbal City, with convenient access from Suez Road and the Middle Ring Road.

  • Direct frontage on the Eastern Regional Ring Road
  • 4 minutes to the Suez Road
  • 10 minutes to Rehab City and Mountain View Hyde Park
  • 11 minutes to Mountain View 2
  • 17 minutes to the American University in Cairo (AUC)
  • Central Fifth Settlement position between Rehab, Madinaty and the 90th Road
  • Fast access to the New Capital via the Regional Ring and Suez roads

What unit types and prices does Mountain View iCity New Cairo offer?

Unit types: Apartment, Penthouse, iVilla (Duplex), Townhouse, Standalone Villa

Mountain View iCity New Cairo offers apartments of 110-250 sqm, penthouses, iVilla duplexes with a private entrance, townhouses and standalone villas up to 565 sqm, priced from EGP 14.27M for apartments and EGP 49.06M for standalone villas currently. Each phase carries its own character, and the tiered elevations guarantee views across the board.

StartsEGP 15.59M
Payment plan25% down over 5 years, or 30% down over 6 years
HandoverDeveloper units hand over between currently and June 2029

Developer entry price via Club Park at current prices; resale starts from EGP 3.93M

Mountain View iCity New Cairo units, areas and prices

Latest available unit data — prices are indicative and move with every launch

Unit typeAreasPrice fromNotes
2BR Apartment 110-140 م² EGP 14.27M Lowest listed apartment in available units currently; developer entry EGP 15,593,030 (Club Park)
3BR Apartment 145-250 م² On request Prices start from about EGP 13.2M
Penthouse 205+ م² On request
iVilla / Duplex 165-250 م² On request 72 duplex available units in available units currently
Townhouse 290-295 م² On request
Standalone Villa 195-565 م² EGP 49.06M Lowest developer villa price (Lagoon Beach Park); 5BR villas 520-565 sqm from ~EGP 89M per resale market

Prices and areas are indicative per the latest available update and may change without notice — request the latest official price list.

What are the phases of Mountain View iCity New Cairo?

Club Park

Available — near-delivery units

HeartWork

Available

Lagoon Beach Park

Available

Mountain View 3

Available

MV Park

Coming soon

The North Park

Available

Mountain Park

Coming soon

What amenities are inside Mountain View iCity New Cairo?

15km internal corniche linking the five elevated islands
HeartWork — Mountain View's first international business district inside a residential compound
Swimmable lagoon at Lagoon Beach Park
European-style Central Park
MV Club as the social and sports hub
Only 12% built-up footprint at current prices
Fiber-optic smart infrastructure in every unit
Zero-traffic concept fully separating cars from pedestrians
International schools, retail strip and an internal business hub
Cycling and jogging tracks across all five islands
Four-dimensional architecture with tiered elevated levels
Individually gated, themed districts

What is the Mountain View iCity New Cairo master plan?

In detail, the master plan is signed by CallisonRTKL with DMA Design Engineering, built around five islands raised above street level: parking and vehicle movement sit below, units and gardens above, while the 15km corniche loops the islands together for walking and cycling. Ten districts each carry their own gate and theme, HeartWork anchors the business frontage, and a built footprint of just 12% leaves the scene to open space — a city plan, not a compound plan.

Why invest in Mountain View iCity New Cairo?

few projects combine state backing, Gulf capital and a top-five developer brand: a formal 40% Ministry of Housing stake, $3.6bn in Saudi-alliance investment, and Mountain View's record of 19+ delivered projects. The gap between resale from EGP 3.93M and developer entry at 15.59M evidences proven appreciation for early buyers, resale flexibility is rare-grade with one of New Cairo's busiest resale markets, and approaching handovers are turning paper into physical assets.

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Frequently asked questions about Mountain View iCity New Cairo

Who is the developer behind iCity?
Mountain View (the real estate arm of DMG, chaired by Eng.
What phases does iCity New Cairo include?
Seven marketed phases: Club Park (near-delivery units), HeartWork international business district, Lagoon Beach Park with its swimmable lagoon, Mountain View 3, The North Park, plus MV Park and Mountain Park launching soon — each with its own gates and theme across the five islands.
When will iCity New Cairo be delivered?
Handover is phased: Club Park units within 3-6 months of contract (semi-finished), Lagoon villas within 3.5 years, and current phases targeted for completion by Q1 2027.
Is there a Rove hotel at Mountain View iCity New Cairo?
Yes — Rove Mountain View iCity is one of the hospitality components planned for the project, reflecting its design as a full city rather than a residential compound. The Rove brand (known for its affordable-lifestyle positioning) adds a short-stay option inside the community, and is part of what makes Mountain View i City New Cairo unique in the 5th Settlement.
Is iCity New Cairo a good investment?
The evidence is strong: resale from EGP 3.93M against developer entry at 15.59M shows realized appreciation, 104 apartments and 72 duplexes available for resale confirm exit liquidity, and the 40% government stake materially de-risks execution.

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