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After its success in providing units at a price of 650,000 pounds, “Arabesque Development” launches two projects in New Cairo and the New Capital, targeting sales of one billion pounds.

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28 يوليو 2021

After its success in providing units at a price of 650,000 pounds, “Arabesque Development” launches two projects in New Cairo and the New Capital, targeting sales of one billion pounds

AlAqarat AlYoum

Abdel Hamid Al-Wazir, President of Arabesque Real Estate Development Company, revealed that the company has launched two new projects in New Cairo and the New Administrative Capital, targeting sales of more than one billion pounds, pointing out that the company aims to establish many projects, especially after its success in providing housing units at a price of 650 thousand pounds with spaces It starts with 110 square meters, and it already has multiple projects in New Cairo

He added that the company's reliance on self-financing helped it provide housing units at reasonable prices

The minister stressed that investment in the real estate sector is one of the most profitable sectors, as spending is made on the value of the land only and depends on the implementation and construction work on the volume of sales, which makes real estate companies achieve a significant gain of at least 100%, which is known as “ROI”

The minister expressed his expectations of a high demand for the real estate sector in the coming period and for housing units, as the sector needs 800,000 units annually for different segments (luxury - medium – social)

الانجليزية English

أخر المواضيع من قسم : الانجليزية

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