The View Real Estate Investment Company has launched the “EPIC” in Sheikh Zayed City, featuring the first urban community with artificial intelligence technology, Invest-Gate reports.
“The project is being implemented on an area of approximately 15 acres with a variety of villas between between stand alone, twin- and town house in New Sheikh Zayed City on Cairo-Alexandria Desert Road; and areas ranging from 200 sqm to 400 sqm,” Adel Jalal, chairman of the Board of Directors, announces.
EPIC features 20% building and 80% green areas with expected sales of EGP 350 mn. It is planned to put up with the two systems of rent and ownership. “All services within the compound are using the artificial intelligence “IPIC” robot, in operation, gate security, cleaning, gardens, and maintenance works, through an integrated technological system and communication between the compound members,” Jalal continues.
The View Real Estate Investment targets several investment opportunities during the coming period, including the launch of the second phase of the APIC compound in Sheikh Zayed “and the development of a project at the New Administrative Capital, and New Alamein, in line with Egypt’s plan to develop new cities, providing investment opportunities for investors,” the statement reads.
The View Real Estate Investment has launched the first phase of the “IPIC” integrated services project between residential, commercial, and administrative services in the new Sheikh Zayed City, with a targeted sales volume of EGP1 bn within the company’s expansion plan in the market, the statement elaborates.
The project will be implemented within three years and on two phases. Construction should start by the end of this year with 116 units in its first phase at a construction cost of EGP 350 mn. EPIC is to be to handed over in full in 2024. The unit price ranges between EGP 2.8 and EGP6 mn, and the company offers various payment systems to suit the purchasing power of the target customers with advances starting from 0% and facilities up to 10 years.