La Verde Developments, a prominent real estate company, is making significant strides in the New Administrative Capital with its two flagship projects, La Verde Cassette and La Verde New Capital, which were showcased at the Hazi Misr exhibition in Dubai, Invest-Gate reports.

Additionally, the company is actively exploring investment opportunities in promising areas that cater to the diverse needs of customers.

According to Ibrahim Lashin, Chairman of La Verde Developments, construction progress for the La Verde New Capital project has reached an impressive 45% completion, while the La Verde Cassette project has achieved 35% completion.

Covering an expansive 35 feddans, La Verde New Capital boasts a mix of commercial spaces, residential buildings, and villas, offering a comprehensive living experience.

Lashin highlighted the company’s participation in international real estate exhibitions as a strategic move to target Egyptian expatriates and foreign clients, noting that sales from outside Egypt now contribute to over 50% of the total sales.

Emphasizing the resilience of Egypt’s real estate market, Lashin stressed the importance of innovation and product diversity to navigate through crises effectively.

Notably, Lashin urged the swift implementation of the initiative proposed by the Egyptian Cabinet and the Ministry of Housing to facilitate real estate sales in US dollars. He believes such a measure would boost foreign currency inflow and help mitigate speculation, thus bridging the gap between official and unofficial exchange rates.