Future Homes Development has uncovered registering contractual sales of more than EGP 30 mn during its participation in Al-Ahram’s property show, or Aqari Exhibition, which was held from October 1 to 4, Invest-Gate reports.

To complement its attendance in the four-day event, the Egypt-based developer has recently launched phase III of its residential projects in Cairo, or “Verona Compound” and “Future Heights,” offering potential buyers 10-year installment schemes and requiring down payments of 30% tops, said Future Homes Chairman Mohamed Mounir in the press release on October 7.

Extending over ​​5,500 square meters on El Hadaba El Wosta (Central Plateau), Mokattam Hills, and coming with an investment cost of EGP 260 mn, Verona Compound comprises 100 commercial and administrative units, in addition to 370 hotel apartments with areas varying between 75 and 175 square meters.

Verona Compound is expected to record contractual sales worth EGP 400 mn, half of which the company had managed to register so far, according to Mounir.

Meanwhile, Future Heights, which is located in east Cairo’s Zahraa Maadi, comprises two mixed-use buildings that cover 1,500 and 1,200 square meters separately, incorporating a total of 150 residential, commercial, and administrative properties.

Coming in partnership with National Investment and Reconstruction Company (NIRCO), Future Heights is being developed with investments worth EGP 100 mn, with target sales of EGP 160 mn, he continued.

In its statement, the company’s chairman also revealed the establishment of a new facility management company to offer maintenance, security, and cleaning services for all projects by Future Homes, in a bid to provide high-quality real estate products to the middle-income segment of Egypt.

Since its inception, Future Homes has implemented more than 60 developments across the North African country.