At dawn on May 28, hundreds of Egyptians lined up outside the gates at City Stars Capital 2, an office building in Heliopolis. By 9, more than 1,000 people had gathered, forcing police to reroute traffic around the crowd spilling into the streets. They were hoping to reserve a villa in developer Mountain View's latest New Cairo compound, iCity, which is ultimately set to be an 18,000-unit "integrated urban community" built on 500 acres. The first 2,000 homes went on sale that morning starting at a relatively reasonable LE 700,000 for a 100-square-meter unit. However, by noon, Mountain View had raised prices by LE 1,000 per meter. Phase one sold out on the first day.

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