This agreement inaugurates the construction of Opal 3D-A and Garnet 3D-B at CityGate New Cairo, a self-sustaining city in the heart of New Cairo – located 30 minutes away from Cairo International Airport.
Ahmed Sami, Chairman of Idea Group, introduces the best-in-class administrative and training services alongside a suite of various services in order to support real estate developers.
Ahmed Masoud, Chairman of Menassat Developments, says that the project is a commercial, administrative, and medical mall on an area of 5,500 sqm.
Data by CBRE shows that the volume of residential transactions in Saudi Arabia fall by 24.5% YoY during 2022, reaching a net value of SAR 126.5 bn.
The covered patients are selected based on surveys undertaken by medical convoys in poor villages of Aswan Governorate.
Cancellations reached a value of EGP 1.25 bn during 2022, representing 6% of the year’s gross contracted sales. This is compared to a cancellation rate of 17% during 2021.
The project is set to serve 600,000 people and will offer a unique shopping experience for visitors.
That competition slows down the growth of pre-sales to 8% in the first nine months of 2022, while volume slips 5% YoY, compared to a 59% surge a year earlier.
The partnership agreement launches the path of cooperation between the two parties, with the commitment of Magnom to invest in positive initiatives capable of improving the standard of living for young people.
The city includes three different urban communities; Hayah Residence, Hayah Elite, and the entertainment area Fofozilla.
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