Ibtkar Real Estate Company launches a new project in Al Narges area in New Cairo this month, targeting sales of EGP 25 mn, Invest-Gate reports.
The company plans to launch a package of new projects in New Cairo in the coming period, Ali Arafa, Director of Sales at Ibtkar Real Estate Company, says.
Arafa adds the company offers many facilities in this project, as payment periods reach 6 years, with areas between 200 sqm and 205 sqm and the project is to be delivered within 3 years.
He stresses the company achieved high sales in the Narges area in New Cairo during the past two years, selling 4 projects exceeding 100 million pounds, indicating the company is offering more projects in the Narges area in the coming period.
Moreover, Arafa expects a revival in the real estate market during the coming period, explaining that in light of the high dollar price, Egyptian real estate will be one of the most attractive investments for expatriate Egyptians.