Egypt-based Aqar Masr for Real Estate Development targets achieving EGP 2 bn in total sales of its first project in the New Administrative Capital (NAC), ANAKAJI, Invest-Gate reports.

Bahaa Karim, the company’s general manager, told Invest-Gate that ANAKAJI is slated to be an integrated complex that includes residential, commercial, and administrative areas. He revealed that it is being constructed in a one-shot build and will be marketed over two phases.

Karim added that ANAKAJI comprises an array of residential units ranging between 94 and 316 square meters, noting, “It is planned to start implementing the project as soon as the necessary licenses are obtained.”

ANAKAJI, which means “my home” in Nubian, spreads over 20 acres and is distinguished by its prime location in the R8 residential district, near NAC’s diplomatic and parliament districts, the general manager explained.

He pointed out that Aqar Masr seeks to facilitate the buying process for clients by offering various payment terms; one plan requires no down payment with a five-year installment plan, and another is paying a 5% down payment with installment period of up to six years.

Interested buyers can also benefit from other payment plans such as paying a 20% down payment with installments over nine years, or extending a 30% down payment with an installment plan over ten years.