With Targeted Sales of 9 Billion EGP, "Arabisk Development" to Launch Three Commercial Projects in New Cairo's Fifth Settlement in 2025
Dr. Abdel Hamid El-Wazir, Chairman of Arabisk Real Estate Development Company, announced the company’s plans to launch three commercial malls in New Cairo's Fifth Settlement this year, aiming for total sales of 9 billion EGP
The malls, all strategically located on main roads, will feature average spaces of 4,500 square meters. El-Wazir stated that the architectural designs have been finalized in collaboration with top-tier design firms
He emphasized that the company is actively exploring diverse investment opportunities in the real estate sector, particularly in new urban developments, to expand its project portfolio. He also highlighted that 2025 has seen significant expansion initiatives from most real estate companies
El-Wazir noted that the North Coast captured the largest share of real estate investments in 2024, with sales exceeding 70% of the market. The company is currently evaluating opportunities to establish new projects in this high-demand region
He further explained that the real estate sector delivers substantial investment returns, driven by annual price increases of no less than 20%
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