Equity Real Estate Development has sold 65% of the total units of “The Capital Way”, its flagship project in the New Administrative Capital, within one month of launching the project, Invest-Gate reports.
Haitham Samir, the company’s CEO, said that the project’s uniqueness contributed to speeding up its sales, adding that the company insisted to keep the building rate at 17.4%, which is less than the 22% permitted, to ensure the provision of the largest amount of services and green areas.
The Capital was designed by two global consultant offices from the United States of America and Hong Kong.
The EGP 5.5 bn project is located on a total area of 42 acres with unique location at the heart of the New Administrative Capital, directly overlooking the embassies’ district.
It includes about 1562 fully-furnished units ranging from 90 to 333 meter square in seven-floor residential buildings. The ground floor units have a private swimming pool and a garden.
Each building includes a range of special services including a gym, closed swimming pool and a children’s playing area.
The project also includes security services, as well as other integrated, commercial, recreational services.
Samir said that the company has a customer selection strategy to ensure homogeneity and create an integrated and unique community.
“Equity aims to complete the entire project and start delivery ahead of schedule in accordance with its four-year contract,” he said.
The company is implementing another prestigious residential project, “The Water Way” in New Cairo.
Equity is currently participating in Egypt Property Show exhibition held in Dubai.