The company markets around 65% of the project within three months of its launch and completes 92% of the project’s construction works in preparation for delivery in 2023 Summer.
Under the agreement, Makadi Heights’ homeowners will be able to cover maintenance and renovation through valU’s flexible and accessible payment plans.
She notes that sales of the second project exceed EGP 500 mn for 60% of the project.
Ahmed Badr El-Din, CEO of Badr El-Din for Construction, states that the 205 Project includes 30,000 sqm of entertainment services, in addition to residential, administrative, and commercial zones.
El-Gazzar reveals that CAR is executing projects in 25 cities in 10 governorates, covering over 740 villages and their surrounding areas, under the first phase of the Decent Life initiative.
Officials visit the project to complete 52 low-income housing buildings in Al-Andalous district in the 10th of Ramadan City and the middle-income housing project, Housing for All Egyptians, whose total value amounts to EGP 267 mn.
The project comprises completing 79 buildings at various heights, including 1,924 residential units and 18 commercial units, El-Gazzar notes.
Egypt works on intensifying its reform agenda and maintaining sustainable growth.
The company will also offer a variety of services to the project, including financial services, investment consulting, assessment, planning, and property management.
In Q3, the average office rent in Cairo rises 5% YoY to about $347 per sqm annually.
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