Egyptian real estate developer, EG Towers, has completed sales of the first phase of its EINS project in the New Administrative Capital (NAC), Invest-Gate reports.
The company prepares to launch the second phase of the project, according to a company press release on June 7.
Ahmed Diab, head of sales department, says that EINS is a distinguished project located in the heart of the NAC’s, providing clients with the best investment opportunity.
The project is in a prime location near the Presidential Palace. EINS is the first in a series of hotel towers that will be launched under German management in the NAC’s downtown area. The Sari Real Estate Company is responsible for the exclusive marketing of the project, the statement reads.
Diab further says that the project’s design is based on a German-style. Moreover, it includes a business park for businessmen and a health club. It achieves the highest and fastest rental returns for clients in the area. “The project has exterior designs that have a special character between modernity and antiquity, in addition to the interior design that is implemented according to the latest engineering standard,” he highlights.
Diab elaborates that real estate is still a safe asset for investment. “Real demand and purchases for investment are essential elements that maintain the continuity of the local property market, regardless of the size of the challenges it faces. Despite the continuation of the novel coronavirus (COVID-19) crisis, demand is still focusing on property,” he affirms.
EG Towers has a strong expansion plan through which it seeks to be one of the leading companies in Egypt’s real estate market.
It looks to feature high growth rates, starting with investment in the NAC, and reaching New Cairo, Sheikh Zayed City, and 6th of October City.