Al Marasem Uncovers New Partnership System at Fifth Square Project

Al Marasem Uncovers New Partnership System at Fifth Square Project

Al Marasem International for Development, affiliated to Saudi Binladin Group, has launched a new partnership system at its Fifth Square project in New Cairo, enabling clients to invest in a top-quality product with a high rate of return on investment (ROI), Invest-Gate reports.

Dubbed “Partners and Not Only Clients,” the new system allows buyers to pay 50% of residential units’ value within Fifth Square over four years. The remaining 50%, however, is owned by Al Marasem’s arm for assets development and management, the property developer announced during a press conference held on May 4.

With regards to the system’s benefits, buyers can resale the owned share – or 50% of the property’s value – before or during the delivery phase, in accordance with the market price, which is expected to soar by 10% to 15% YoY, Al Marasem explained, adding that clients can easily sell, rent, or buy the entire unit upon its hand over.

After paying out the required sum, clients can purchase the remaining 50% of the unit’s value with the same contracted price, which is an additional advantage to the investor partner, the company elaborated.

Launched in H2 2017, Fifth Square covers an area of 158 acres in east Cairo, offering townhouses with areas of up to 300 square meters, apartments ranging between 80 to 250 square meters, and villas reaching 350 square meters. The compound’s first phase is set to begin delivering its units in 2020.

During the conference, Al Marasem highlighted that investing in luxury residential compounds with premium services is the best option for any real estate investor, given the high ROI through resale or rent. However, the key obstacle is to increase the value of investments, which may exceed the capabilities of several investors, the company noted, while further revealing that the value of investments pumped into Fifth Square is estimated at EGP 1.4 bn.


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