Ajna Developments CCO Sherif Saleh has indicated that exclusive offers of 10% down payment and 10-year installment schemes are presented the company’s first home project in Ain Sokhna, Carnelia, during Cityscape Egypt from November 4 to 7.

With prices starting at EGP 1.1 mn per a 56-square-meter residential unit, or EGP 18 mn for a 265-square-meter property, phase I of the 100-acre gated community will be delivered in 2024, Saleh affirmed on the sidelines of Cityscape Egypt, noting that Carnelia is being executed over four phases to comprise a total of 1,000 homes.

The CCO further stated, “The return of exhibitions to the Egyptian property sector, following a halt that lasted for more than 10 months due to COVID-19, is a move forward, thereby supporting market activities across the local real estate scene.”

He is optimistic about customer turnout rates and the market’s thirst for such events, which are a suitable place to seize investment opportunities with attractive offers.

Designed by the Mexican company, Creto, on the highest and latest international architectural standards, all units at Carnelia overlook the sea, owing to the building level gradient from 0 to 160 meters high.

According to Saleh, the EGP 3 bn compound achieved a sales volume of EGP 250 mn in the first five days of its launch, confirming that Ajna aims to seal EGP 1 bn deals before 2021 after logging sales exceeding EGP 700 mn during the first nine months of the current year.