Akari-Al-Aharm generated unexpected revenues for exhibitors
Akari-Al-Ahram Real Estate Exhibition generated unexpected revenues ranging from 15 to 50% for the exhibitors, real estate companies told Osoul Misr Magazine.
The exhibition kicked off at Nasr City's Conferences Hall on the 4th of October amid extensive coronavirus-induced precautionary measures under the patronage of Prime Minister Mostafa Madbouly.
Akam’s sales from Scene7 grew by 50%
Akam's sales manager George Mosad said the company's sales grew by 50% to EGP100mln fromthe New Administrative Capital's Scene7.
The project, spreading over 40 acres, consists of 45 buildings with 1600 housing units.
Visitors of Akam suite at the exhibition are given a 10% down-payment offer inclusive of the disbursement of 5% of the total value in the span ofone year and the remaining amount over 10 years.
Scene7's housing units, ranging from 124m to 230m, are offered at prices of EGP10,000 per sqm for units with half-finished interiors and a 3-year delivery scheme.
Akam Developments S.A.E. was founded late 2017 with the strategic purpose of investing in the New Administrative Capital. Akam Developments has three mega subsidiaries with extensive expertise in real estate development and investment such as, Residence for Real Estate Investment and Development.
CastleDevelopments hadup to30% uptick in sales from Castle Landmark
Castle Developments generated a 30% increase in sales fromthe New Administrative Capital's Castle Landmark, according to the property consultant Aly Adel.
The project is built over 43 acres with buildings constituting 19% of the project's built-up area, as the remaining areasare allocated for services, landscaping and vast green areas.
The project consists of four phases, of which three ones provide units with 140m spaces and prices of EGP10,000, he said, noting that the visitors of the exhibition can enjoy a discount amounting to EGP8,500 per sqm.
The fourth phase provides half-finished units with small space amountingof 80sqm at prices of EGP11,400 per sqm. Buyers can get one at 5% upfront payments while the remaining amounts can be paid offover 10 years.
La Verde Developments posted 15% sales from NAC'’s La Verde
La Verde Developments posted 15% sales fromthe New Administrative Capital's La Verde, according to property consultant Mohamed Ali.
The project is made of a compound spreading over 35 acres with buildings constituting 20% of the built-up area, as the completed buildings have amounted to 15% of the project to-date, he explained.
The apartments have minimum spaces of 135sqm andare offered at prices of EGP11,500 per sqm for units withhalf-finished interiors, he added.
The company offers 25% discount, 8% down-payments and a 6-year payment span.
La Verde compound is built on R8, a district situated at the heart of the New Administrative Capital and can be easily accessible from the upscale Embassies Suburb at NAC.
Additionally, La Verde compound lies at the heart of NAC's cultural center and is directly overlooking the Green River whose construction was possible only because of two rivulets originating from the Nile River and a desalination station at the Red Sea.
Mardev logged up to 35% sales from Menrca New Capital
Mardev posted sales ranging from 25% to 35% fromits Menrca New Capital built over 17 acres, according to chief executive Mohamed Al-Zahdi.
The company floats several offers with one cutting the upfront payment to 15% of the total value and a 4-year payment scheme.
On the top of a 9-year payment scheme prices are slashed by 5% to EGP8,750 per sqm.
The residential units have spaces ranging from 115 to 280sqm with prices from EGP9,000 to EGP11,000 per sqm for units withhalf-finished interiors.
Clients can pay EGP11,500 per sqm for apartments requested to be fully-finished. The project is planned to be delivered in January 2024.
The compound consists of 17 buildings with them occupying 19% of the total built-up area, as the remaining areaswill be used up for creating green areas, lakes and swimming pools, commercial mall, cinema theater, kindergarten, pharmacy, stores, spa, hygiene and social club.
