Ibtkar Real Estate Development Company reveals the completion of selling 80 projects in many areas in New Cairo, with sales exceeding EGP 1 bn in 2022, Invest-Gate reports.
The company owns many projects in New Cairo, 80 projects out of a total of more than 100 projects have been marketed, due to the company’s provision of many flexible payment systems, according to Ali Arafa, Sales Director of Ibtkar Real Estate Development Company.
Arafa adds that New Cairo has recently witnessed a high demand due to its proximity to all vital cities, as the city is witnessing a continuous rise in the price per meter of real estate due to its unique location, explaining that its proximity to the Administrative Capital city (NAC) has resulted in the high demand.
He notes that there is still a demand for the purchase of real estate despite the sector’s high prices.
Further, Arafa explains that real estate companies offer a package of facilities during the month of Ramadan to stimulate the sales movement, indicating that the real estate sector is one of the most sectors that achieve a high return on investment compared to other economic sectors.