The first three months of this year saw the completion of around 4,000 residential units, bringing Cairo’s total stock to 231,000. Almost 21,000 units are expected to be delivered over the remainder of this year.
Although recent amendments to regulations relating to the importation of goods to Egypt, the currency devaluation and geopolitical tensions, the cost of construction materials and building machinery has increased. Real estate developers are ambitious to achieve better sales over the year.
In this regard, Invest-Gate conducts an interview with Robier Danial, manager of the Nextmove Exhibition, to pinpoint the target sales volume during the exhibition, the developers participating with their diverse projects, besides the exclusive offers and discounts offered to customers.
The fifth edition of the event took place during May 26th-28th at the Cairo International Convention Center in Nasr City.
What are the targeted sales for the Nextmove Exhibition this year?
The exhibition is expecting target sales of one bn with 3,000-meters of space rented to companies to present their projects.
Is there diversity in the offered projects portfolio?
Actually, diversity already exists as the exhibition list includes about 20 companies and 100 projects.
Does the economic crisis affect real estate sales?
Contrarily, real estate is a safe haven and sees promising investment opportunities for customers to achieve strong gains, as the exhibition offers exclusive offers from real estate companies to customers.
What are the exclusive offers presented in the exhibition to customers?
This year, the Nextmove Exhibition includes many distinguished administrative, commercial and mixed-use projects in the NAC and North Coast. In addition, companies present their products with long-term payments over eight years or more with 5% booking down payment.
What are the participating companies in the Nextmove Exhibition?
The companies list includes: Capital Link Development, Akam Developments, Deyar Misr Developments, Locations Developments, Taj Misr Developments, cred Developments, Gates Developments, ARQA Development, Real Mark Company, and MBG Development, in addition to and many distinguished development companies.