Arabisk Development launches the Actually we speak initiative on a Tv show on the An-Nahar channel to offer housing units for immediate receipt in the new city of Cairo, Invest-Gate reports.
The intuitive includes offering housing units at competitive prices in light of price developments in the real estate sector, as a result of the high prices of construction materials, Abdel Hamid Al-Wazir, Chairman of Arabisk Real Estate Development, says.
He adds that the company accepts 50% of the total price as a down payment, and the rest will be paid within a year.
The company also offers other housing units under construction with facilities of up to 36 months, at a monthly premium of EGP 5,000, Al-Wazir notes.
Over the coming period, the company aims to launch new real estate projects as part of its expansion plan, which would diversify its portfolio of land in new cities, the top executive reveals.