Rock Developments Partners with Crédit Agricole Egypt to Launch a 15-Year Freehold Mortgage Program

Rock Developments Partners with Crédit Agricole Egypt to Launch a 15-Year Freehold Mortgage Program

Rock Developments has signed a strategic partnership with Crédit Agricole Egypt to introduce a freehold property mortgage program that offers financing solutions for residential and commercial units. Under the agreement, buyers can secure up to 80% financing of the unit’s value with a 20% down payment and repayment terms extending up to 15 years

Strategic Collaboration for Tailored Mortgage Solutions

The signing ceremony was attended by Eng. Daniel Doss, Board Member of Rock Developments, and Ms. Nevine Shokry, Head of Proximity Banking at Crédit Agricole Egypt, alongside senior representatives from both entities. This partnership aims to provide flexible and sustainable mortgage solutions, aligning with the strategic goals of both companies while addressing evolving customer needs

Exclusive Mortgage Benefits

Residential units: 80% financing, 20% down payment, up to 15 years repayment

Commercial & administrative units: 75% financing, 25% down payment, up to 15 years repayment

Leaders’ Perspectives on the Partnership

Eng. Daniel Doss emphasized that the agreement strengthens Rock Developments' commitment to innovation and customer-centric financing options. He stated:

"This partnership with Crédit Agricole Egypt is a major step in providing our clients with exclusive mortgage solutions that simplify their purchasing decisions. Our goal is to support home and business ownership through accessible and flexible financing"

Ms. Nevine Shokry highlighted the bank's dedication to sustainable and accessible financial services, stating:

"We are excited to collaborate with Rock Developments to offer long-term mortgage solutions that help more Egyptians own their homes. Our approach focuses on innovation and sustainability, ensuring financial solutions that support the country’s real estate sector while contributing to a greener, more inclusive future"

Commitment to Real Estate Investment & Sustainability

Rock Developments and Crédit Agricole Egypt are committed to boosting Egypt’s real estate investment landscape, expanding financing options, and ensuring secure investment opportunities. By integrating global development standards with eco-friendly initiatives, the collaboration contributes to a sustainable property market while safeguarding the environment for future generations

Rock Developments’ Expanding Portfolio

As the real estate arm of El Batal Investments, Rock Developments oversees a diverse portfolio of residential and commercial projects in Egypt and Canada. Its key developments include

Rock White – New Heliopolis

Rock Yard – Sheraton

Rock Eden – 6th of October City

Rock Capital 1 – New Administrative Capital

Rock Vera – New Cairo

Rock Gold Mall – New Cairo

Rock Ville – Obour City

This partnership reflects Rock Developments’ ongoing mission to redefine real estate financing, making property ownership more accessible while fostering a sustainable and thriving market in Egypt