If you are looking for an apartment in Mokattam with flexible payment options, The Novelist Mokattam offers residential units with two and three bedrooms across different phases, with varying prices, installment periods, and delivery schedules.
Based on the available offers, prices start from EGP 5,232,500 for a two-bedroom apartment in Phase 2 and reach EGP 6,300,000 for a three-bedroom apartment in Phase 3.
The payment plans include a 10% down payment, an additional 10% payment after one year, and installments over 8 or 9 years, depending on the selected phase and unit.
This guide covers the available apartment prices, phase details, down payments, monthly and quarterly installments, and expected delivery dates to help buyers compare their options.
The Novelist is a residential project located in Mokattam, Cairo. Buyers considering the project should evaluate its exact location, accessibility, nearby services, and suitability for their daily residential needs.
Before making a purchase, it is advisable to confirm the project’s precise location, review the approved unit layouts, and check the available facilities, specifications, and handover conditions.
The available Phase 1 offer includes two-bedroom apartments. Three-bedroom apartments are not available under the supplied Phase 1 offer.
Starting price: EGP 5,616,667
10% down payment: EGP 561,667
Additional 10% after one year: EGP 561,667
Installment period: 8 years
Quarterly installment: Approximately EGP 140,415
Monthly equivalent: Approximately EGP 46,805
Delivery: Within 3 years
This payment plan allows buyers to spread the unit’s cost over eight years, with an initial down payment and a second payment after one year.
Buyers should request the official payment schedule to confirm installment dates, payment frequency, maintenance fees, and any additional charges.
Three-bedroom apartments: Not available in the supplied Phase 1 offer.
Phase 2 includes two-bedroom and three-bedroom apartments, with installments over nine years and an announced delivery period of four years.
Starting price: EGP 5,232,500
10% down payment: EGP 523,250
Additional 10% after one year: EGP 523,250
Installment period: 9 years
Quarterly installment: Approximately EGP 116,278
Monthly equivalent: Approximately EGP 38,759
Delivery: Within 4 years
This option may suit buyers looking for a two-bedroom apartment with a long installment period. The final choice should depend on the unit’s actual size, layout, location, and total acquisition cost.
Starting price: EGP 5,508,000
10% down payment: EGP 550,800
Additional 10% after one year: EGP 550,800
Installment period: 9 years
Quarterly installment: EGP 122,400
Monthly equivalent: EGP 40,800
Delivery: Within 4 years
The three-bedroom option may be suitable for families that require an additional bedroom or need more flexibility for work and study spaces, depending on the actual apartment layout.
Phase 3 offers two-bedroom and three-bedroom apartments with a 10% down payment, another 10% payment after one year, and installments over nine years.
Starting price: EGP 5,460,000
10% down payment: EGP 546,000
Additional 10% after one year: EGP 546,000
Installment period: 9 years
Quarterly installment: Approximately EGP 121,333
Monthly equivalent: Approximately EGP 40,444
Delivery: Within 4 years
This option allows buyers to compare Phase 3 pricing and installments with the two-bedroom units available in Phases 1 and 2.
Starting price: EGP 6,300,000
10% down payment: EGP 630,000
Additional 10% after one year: EGP 630,000
Installment period: 9 years
Quarterly installment: EGP 140,000
Monthly equivalent: Approximately EGP 46,667
Delivery: Within 4 years
This category may suit families seeking three bedrooms, subject to the actual unit size, internal layout, and budget.
The following table compares the starting prices, bedroom configurations, installment periods, and announced delivery schedules across the three phases.
| Phase | Bedrooms | Starting Price | Installment Period | Delivery |
|---|---|---|---|---|
| Phase 1 | 2 bedrooms | EGP 5,616,667 | 8 years | Within 3 years |
| Phase 2 | 2 bedrooms | EGP 5,232,500 | 9 years | Within 4 years |
| Phase 2 | 3 bedrooms | EGP 5,508,000 | 9 years | Within 4 years |
| Phase 3 | 2 bedrooms | EGP 5,460,000 | 9 years | Within 4 years |
| Phase 3 | 3 bedrooms | EGP 6,300,000 | 9 years | Within 4 years |
Prices and delivery periods are based on the supplied offers. Buyers should confirm current availability and contractual terms before making a purchase.
The listed payment plans require a 10% down payment followed by another 10% payment after one year. The remaining amount is paid through installments over a period determined by the phase.
10% down payment.
Additional 10% payment after one year.
Installments over 8 years.
Announced delivery within 3 years.
10% down payment.
Additional 10% payment after one year.
Installments over 9 years.
Announced delivery within 4 years.
Before signing a contract, buyers should request the complete installment schedule, including payment dates, installment amounts, maintenance fees, and any additional financial obligations.
Choosing the right phase depends on your budget, preferred apartment size, and delivery timeline.
For an earlier announced delivery: Phase 1 lists delivery within three years and an eight-year installment period.
For a longer installment period: Phases 2 and 3 offer installments over nine years.
For two-bedroom apartments: Options are listed across all three phases.
For three-bedroom apartments: The supplied offers include options in Phases 2 and 3.
For price comparisons: Consider the total price, down payment, installment amounts, and delivery schedule rather than focusing on the monthly equivalent alone.
The actual unit specifications and contractual terms should always be reviewed before selecting a phase.
The suitability of an apartment depends on whether you intend to live in it, rent it out, or purchase it for potential resale.
For residential use, consider the number of bedrooms, the needs of your household, accessibility, nearby services, and the expected handover date.
For investment purposes, research comparable property prices in Mokattam, local rental demand, maintenance expenses, and potential resale liquidity.
It is also important to calculate the total cost of ownership, including the down payment, installments, maintenance charges, and any additional fees.
A long installment period does not automatically make a property a better investment. Buyers should evaluate affordability and conduct independent market research before committing.
Based on the supplied offers, prices start from EGP 5,232,500 for a two-bedroom apartment in Phase 2.
The listed down payment is 10% of the unit price, with another 10% due after one year.
Yes. The supplied offers include three-bedroom apartments in Phases 2 and 3. The listed Phase 1 offer includes two-bedroom apartments only.
The installment period is eight years for Phase 1 and nine years for Phases 2 and 3.
The supplied offer lists delivery within three years for Phase 1 and within four years for Phases 2 and 3. Buyers should confirm the exact contractual delivery date.
Yes. The supplied payment plans include an additional payment equal to 10% of the unit price after one year.
If you are looking for an apartment for sale at The Novelist Mokattam, comparing the three phases can help you identify a unit that suits your household requirements and financial plan.
Diarna Real Estate can assist you in enquiring about available units, reviewing prices and payment plans, and requesting further details about delivery and contractual terms.
Contact Diarna Real Estate:
Contact the sales team to confirm current prices, availability, installment schedules, delivery conditions, and any additional fees before making a purchase decision.
