Al Riyadh Misr Developments has announced a surge in customer demand for reservations in the PEERAGE Residence project, receiving substantial booking deposits in record time, Invest-Gate reports.

Hossam Abd Elghany, Executive Director at Al Riyadh Misr Developments, stated that a remarkable response has indicated a serious interest in reservations since the initial phase was launched for customers. The company will begin contracting with the project’s reserved clients within days.

Abd Elghany highlighted that the company offers flexible and diverse payment systems tailored to suit customers’ needs, developed based on robust market and financial studies.

“The company presents two payment systems—one with a down payment of up to 10% and the rest spread over seven years, or a ‘half-cash’ system involving a 25% cash payment for the unit’s value alongside installment facilitations,” Abd Elghany added.

The PEERAGE project is an integrated residential compound with investments reaching EGP3 bn Egyptian pounds. Situated in a prime location on the Suez Road, the project spans 10 acres and has been self-financed for over 3 years.

Abd Elghany emphasized the company’s collaboration with strong, successful partners and experts in all project details.

He further highlighted the contracting with major consultancy firms in Egypt and the Arab world, including “Mohamed Talaat – Architects MTA”, “Precision for Consulting Engineering PCE”, and “Ökoplan”, serving as general and engineering consultants for the project. He affirmed that the company has upheld its commitment to meeting all customer satisfaction standards since its inception.