El Batal Group has announced plans to hand over four of its flagship developments in New Cairo, Obour City, and 6th of October City before the end of 2021, coming under the name of “The Rocks,” Invest-Gate reports.
The news came during the Egypt-based developer’s annual press conference on September 24 to uncover delivery dates of all projects being undertaken nationwide. El Batal Group Marketing Manager Sarah George also unveiled the current sale of commercial and medical units at the “Rock Plaza,” which is the non-residential component of each of the four mixed-use projects.
These compounds include 6th of October City’s “Rock Eden,” which is being developed over 34 acres in west Cairo, comprising a total of 946 residential units, 87 of which are villas and the rest are apartments, with areas ranging from 160 to 320 square meters.
The second project is “Rock Vera,” which is located in a strategic location in New Cairo, extending over 11 acres and encompassing 272 apartments that vary between 153 and 285 square meters, George further highlighted, noting that the compound features an array of commercial and service outlets.
El Batal Group is also carrying out another project in east Cairo, called “Rock Elite,” which is set to be fully-fledged hospitality, medical, and commercial development. It is deemed the largest of its kind in the area, boasting the first physical rehabilitation center in New Cairo.
Besides, the third project is named “Rock Ville”, which is a villa-only compound, located in the Fifth District of Obour City. It comprises multiple residential modules, including standalone villas, twin houses, and townhouses, with areas starting from 228 square meters. While being provided with immediate deliveries, potential clients are offered easy payment plans of up to eight years.
On his part, Youssef Samir, the company’s commercial property manager, said El Batal Group is eyeing a new residential project in the New Administrative Capital (NAC), which will be offered at competitive prices and various unit areas. However, no additional information was disclosed.
In 2019, El Batal Group CEO Emad Dous had revealed that the developer’s total investments in the Egyptian real estate market reached around EGP 9 bn thus far, while also targeting to raise its authorized capital from EGP 600 mn to EGP 1 bn by the end of 2019, according to a previous statement.