Al-Oula Development has announced the launch of a new real estate product named CLOUD in 40 residential buildings owned by the company in the cities of Sheikh Zayed and 6th of October, Invest-Gate reports.

This distinctive product is tailored to meet the rising tourism activity in the West Cairo region.

Mohamed Mansour, Chairman of Al-Oula Development, revealed that the new CLOUD project consists of fully finished studio units with a rooftop. It will be offered with installment plans to customers in 40 residential buildings in the October Park and Zayed Edge areas.

Mansour highlighted the noticeable increase in Arab and foreign tourists visiting the West Cairo region, emphasizing the strategic location near Sphinx International Airport. He also mentioned the government’s plan to make West Cairo the tourist capital of Egypt.

Moreover, the launch of this product aligns with the state’s strategy to expand in real estate exports and provide a property product suitable for the target customer. The company conducted necessary studies to identify customer preferences for units desired outside their home country.

Mansour explained that foreign buyers seek fully finished units ready for occupancy, and there is a strong demand for such a product in the West Cairo area.

Furthermore, Mansour clarified that Zayed Edge is strategically located in Sheikh Zayed City, minutes away from Arkan Plaza and Capital Business Park, as well as Dandy Mall and Smart Village.

Notably, the entire area is characterized by liveliness and integrated services, essential factors foreign buyers seek. The company is introducing the project with a 10% down payment and the remainder payable in installments over 100 months.