Egyptian Developers launch the first project in the New Administrative Capital (NAC), JAYA Business Complex, located in Downtown with targeted sales of around EGP 1 bn, Invest-Gate reports.
Abdul Rahman Abu Zaid, chairman of the company’s board of directors, says the project is located on an area of 6,000 sqm and the sales area of the project is 20,000 sqm. The project includes a commercial and administrative part.
Delivery of the project is within three years after contracting with customers, but the company plans to deliver before this date.
Zaid adds that the company has an investment plan that guarantees return of investments to the customer from the project once the company is entered, which is done until the unit is completed. This is made possible based on payment systems that guarantee the customer a rental return during the post-processing period of between three and six months.
He explains that the company offers a payment plan starting from seven years reaching 13 years with different payment systems to suit all target customers. All units in the project follows the same procedure, and the company offers units at prices that are approximately 50% lower than similar units in the market. With other investment benefits, the price per sqm starts from EGP 18,000.