Dr. Abdel Hamid Al-Wazir: Investing in residential real estate achieves the highest investment return
Investing in residential real estate achieves a high investment return due to its low price, explaining that it achieves a high return when reselling it, as real estate prices witness increases of no less than 20% annually of the total value of the property, especially in new urban areas, such as New Cairo and the Administrative Capital. And Sheikh Zayed and many new cities, said Dr. Abdel Hamid Al-Wazir, Chairman of the Board of Directors of Arabisk Real Estate Development Company and Chairman of the Support and Follow-up Committee of the New Cairo Developers Association
He continued that the residential property also achieves a high rent when renting it, as customers can rent the property to pay the installments of the residential unit, and thus the residential property achieves a safe investment for the customer
He pointed out that real estate companies provide many facilities for the purchase of residential real estate, especially in projects under construction. Investing in real estate in general achieves many investment returns for the customer.
He explained that the real estate sector is one of the most prominent sectors that have contributed to achieving an economic renaissance over the past years, and it will remain the leading and rich sector, as the sector contributes to the gross domestic product by no less than 20%, explaining that this percentage is expected to increase during the coming period, in light of the facilitations. Provided by the government to developers
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