In conjunction with the full delivery of Rock Ville , Rock Vera and the first phase of Rock Eden, El-Batal Group announces that its “Rock Compounds” projects have achieved investment returns of up to 25%, Invest-Gate reports.
For his part, Emad Doss, CEO and managing director of the El- Batal Group, states that the company is preparing to deliver 1,000 units in “Rock Compounds” projects this year. Furthermore, Doss estimates the current investments of “Al-Batal Group”‘ in the Egyptian market at EGP 11 bn, while the company’s capital is EGP1.5 bn.
In this regard, Doss explains that the first project “Rock Eden” is located on a total area of 34 acres in the heart of 6th October City; and includes 859 units (varying between apartments , penthouses, duplexes and townhouses) and 87 villas with spaces from 160 to 320 sqm. The project is implemented on four phases, with a target sales of EGP 2 bn.
The second project is “Rock Vera”, located on 11 acres in the Fifth Settlement and includes 272 units (penthouses, ground units with a garden, and apartments) with areas ranging from 153 to 238 sqm. The project is implemented on three phases, with an investment cost of EGP 710 mn, and EGP 1.4 bn of targeted sales.
The third project is “Rock Ville”, located on 12 acres in Obour City and includes 101 units, ranging from twin houses, townhouses and villas. Besides, the units’ spaces range from 228 to 533 sqm. The project is being implemented on three phases ,with an investment cost of EGP 290 mn, and EGP 580 mn of targeted sales.
In a related context, El-Batal Group aims to achieve EGP 800 mn of contractual sales during the current year. It is worth noting that El-Batal Group has more than 40 years of experience since 1978 in the real estate industry in the Canadian and Egyptian markets.