Hamat Properties has launched its new project, “Blick,” in the New Capital, specifically in the MU-23 area, as part of its expansion strategy aimed at strengthening its presence in one of Egypt’s most prominent real estate investment destinations, following the successful development and marketing of several projects over recent years. Invest Gate reports.
The launch comes after the company fully sold out its previous project, “Za Link,” reflecting the strong demand for its developments and customers’ confidence in its products, particularly with its commitment to delivering well-planned projects that meet market needs.
Integrated Administrative Project in a Strategic Location
Ahmed Hossam, Sales Director at Hamat, stated that the company has more than 15 years of experience in the real estate market, beginning with the development of numerous residential projects in Beit Al Watan and Al Narges, in addition to projects in Obour City, before strongly expanding into the New Capital.
He explained that “Blick” is a fully integrated administrative mall designed according to the latest standards and located on a main road with a width of up to 160 meters, giving it a strong competitive advantage in terms of visibility and accessibility. The project is also close to established services such as international schools and fuel stations, in addition to the area’s high population density.
He added that the project is built on an area of 4,000 sqm and consists of a ground floor plus nine repeated floors, featuring administrative units with spaces ranging from 30 sqm to 75 sqm, offering multiple options suitable for various business activities.
Flexible Payment Plans and EGP 3 bn Sales Target
Hossam confirmed that the selection of the MU-23 area came after a thorough market study, as it is considered one of the promising areas witnessing increasing demand for administrative and commercial activities, especially with the growth in population density and integrated services.
He added that the Egyptian real estate market continues to witness genuine demand, particularly in the commercial and administrative sectors, which have become strong investment opportunities compared to the residential sector amid rising rental yields and the stability of real estate assets.
Regarding the project launch, he noted that the company is offering flexible payment plans tailored to different customer segments, while targeting sales of up to EGP 3 bn from the project, a figure he described as realistic given the current market demand.
“Plus 90” Reaches 85% Completion Rate
Hossam also revealed that work is continuing on the company’s “Plus 90” project in North Teseen, which has reached an execution rate of approximately 85%, with delivery dates approaching, reflecting the company’s commitment to timelines and actual on-ground implementation.
He affirmed that Hamat’s strategy is based on carefully studying customer needs and delivering an integrated real estate product in terms of location, design, and services, which has contributed to the company’s successive successes over the past period.