El Attal Markets 85% of NAC’s Park Lane Project: Vice Chairman

El Attal Markets 85% of NAC’s Park Lane Project: Vice Chairman

El Attal Holding Vice-Chairman Mohamed Elattal has affirmed selling out 85% of “Park Lane Compoundhood,” the company’s flagship project in the New Administrative Capital (NAC), which is scheduled for handover in Q1 2021.

This came on the sidelines of Cityscape Egypt, which takes place from November 4 to 7, where Elattal pointed to a quite satisfactory sales volume and exceeded the current targets year for the year by about 15% during the past three months.

“This shows that real estate investment will remain a safe haven in the long term, despite the ongoing crisis,” the executive was quoted as saying.

For this year’s Cityscape Egypt, El Attal Holding exclusively provides prospective clients with a 10-by-three offer, including a 10% discount, a 10% upfront, and a 10-year payment plan, as part of the developer’s keenness to stand out among the crowd when participating in real estate exhibitions.

As for Bayside, the company’s newest gated community in Ras Sudr, Elattal underscored that more distinctive offers are presented to Cityscape customers, particularly serious buyers, stressing that the EGP 1.5 bn project marks an impactful architecture movement for being the first almost-complete project on the Red Sea coast, with 95% of on-site work done.

Bringing some high-quality services and amenities, with all units starring magnificent sea views, Bayside embraces 160 luxurious fully-furnished hotel properties, featuring modern architectural styles and design, paired with a 32-key hospitality establishment, Ahmed Elattal, the company’s chairman, revealed during the launch event on October 29.


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