Egyptian real estate developer, Azmeel Group Real Estate, is to pump new investments worth EGP 600 mn in a number of residential projects in Sheikh Zayed and 6th of October cities, Invest-Gate reports.

The company has begun building 100 separate residential buildings with an area of 800 square meters each, as well as a -4,000-square-meter mini-compound.

The units have areas varying from 140 to 450 square meters, with prices ranging from EGP 4,500 to EGP 8,000 per meter, according to board member and commercial director Ahmed Ibrahim.

Clients will be offered a -10-year payment plan, with a 10% down payment.