Tuesday, July 18, 2017

Egyptian developer launches new residential project

Egypt-based Nile Real Estate Company has launched the first phase of its residential project in New Cairo which will see the construction of 24 housing units at spaces ranging between 133 sq m and 178 sq m.

The Nile Park residential development is part of the country’s Beit Al Watan project that allows Egyptian expatriates to own lands in their homeland, reported Amwal Alghad.

A 6,000-sq m mini compound project, Nile Park will be implemented in three phases, said the report, citing a top official.

The prices of the units start from E£5,600 and E£7,200 ($313 and $402) onwards, with a 10 per cent down payment and facilities of up to seven years, stated CEO Mohamed Taher.

“We will complete the project at the end of 2020," he added.

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Links topic: https://www.wegocasablanca.com/2017/07/egyptian-developer-launches-new.html