Tabarak Holding has broken ground on their EGP 450 mn Capital East compound located in Nasr City and opened reservation applications, Al Borsa reported on Wednesday.

The development will include 500 residential units of various floorplan areas in addition to entertainment facilities, a commercial mall, cinema, restaurants, green landscapes and swimming pools. The first phase of the project is expected to be completed in 2017.

The company has also completed its 90 Avenue project on Road 90 in New Cairo, comprised of 1300 residential units across an area of 200,000 square meters at an investment cost of EGP 7 bn.

Tabarak is set to participate in Al Ahram Real Estate Exhibition in Dubai and Abu Dhabi from October 19 to 26, according to Al Mal.