Aqar Masr for Real Estate Development has announced sealing EGP 100 mn worth of deals from its first residential project in the New Administrative Capital (NAC), “Anakaji,” during its participation in Cityscape Egypt from November 4-7, Invest-Gate reports.
Special offers were presented to prospective buyers throughout the four-day event, including zero-down deals and installment plans of up to 12 years, Aqar Masr General Manager Bahaa Hefzallah explained in a press release on November 9.
“This year, Cityscape witnessed a large turnout of visitors shopping for distinctive real estate properties, owing to the well-established big names taking part in the exhibition with a plethora of residential, commercial, hotel, and office spaces across different areas in Egypt, specifically in NAC,” he was quoted as saying.
With little elaboration, the general manager also revealed that Aqar Masr is on the verge to roll out its second project in the new capital, which will incorporate several commercial, administrative, and medical units.
Inspired by the beauty of the Nubian architecture, Anakaji spreads over 20 acres and is distinguished by its prime location in the R8 residential district. It comprises 800 residential units (10 buildings), ranging from studios to apartments and duplexes, with areas varying between 94 and 319 square meters.
According to Hefzallah, the fully-fledged gated community is scheduled for delivery in 2022, coming with investments valued at EGP 1.4 bn, as highlighted in the company’s statement.