Reportage Egypt, one of Emirati Reportage Properties working in Egypt’s real estate market, aims to achieve sales worth EGP 4 bn in 2023 thanks to launching new phases of Montenapoleone project with strong competitive advantages, Invest-Gate reports.
Hanna Karam, CEO of Reportage Egypt, states: “Since the first launch of the project, it has achieved strong successes, as well as, the company succeeded in achieving its sales goals. Reportage Egypt has recorded EGP 2.4 bn in sales of the project in the past year.”
Karam adds that the company is marketing the project according to a plan based on gradual selling and taking into account construction rate.
However, the Montenapoleone project is located on 111 acres within Mostakbal City and comprises 5,500 housing units.
The project also offers fully finished innovative townhouses, in addition to apartments with distinguished spaces, from one room to four rooms, with the highest levels of luxury finishing.
Reportage started construction of the project last October, making it the fastest developer in executing construction works immediately after the project launch.
Further, the company’s CEO highlights the importance of speeding up projects’ development to avoid a gap between selling prices and construction costs, which reflects a strong and solid plan for the project development.