EU chief executive calls for sanctions on Belarus    Leipzig's Nagelsmann relishing German coaching duel with Tuchel    Live score: El-Entag El-Harby v Ahly (Egyptian Premier League)    Live score: Barcelona v Bayern Munich (UEFA Champions League)    Militants kill two police in Kashmir ahead of India's Independence Day    Google stops responding directly to data requests from Hong Kong govt    Jailed Muslim Brotherhood leading member Essam El-Erian dies from heart attack    Indonesian teachers warn of new virus clusters as schools reopen    Germany: Optimistic we'll have a vaccine in coming months and certainly next year    Philippines eyes clinical trials for Russian COVID-19 vaccine in October    EBRD provides $200mn for Egypt's trade, private business amid coronavirus    Egypt sends shipment of 14 tonnes of flour to Lebanon    Egypt records 129 new coronavirus cases, 26 deaths on Wednesday    UK enters recession after GDP dived by a record 20.4% in Q2    New Zealand locks down largest city after cases end 102-day run    Egypt's property developer SODIC profits drop 80% in H1    Egypt's senate elections 2020 trending on social media in few days    Egypt reopens Rafah border crossing for first time since April    168 new coronavirus cases, 24 deaths recorded on Tuesday    Egypt discusses Amazon expansion plans in the local market    Scramble for the Senate seats    French publisher's jarring memoir to be released in English    Breaking down barriers    Foreign currency takes a hit    The last piece of gold    Mohamed Mandour, guru of modern pottery    Lebanese demand change after government quits over Beirut explosion    Trump says ‘great' bond with China's counterpart changed after COVID-19    VIDEO: Al-Rehab residents vote in ُEgypt's Senate elections in highly organized manner    Netflix Egypt released its teaser images of Arabic original series, Ma Waraa Al Tabiaa    Egypt puts in place scheme ahead of Senate elections – ministry    African Champions League final will be played on Oct. 16-17, CAF says    Egypt invites Tesla's founder to visit Giza Pyramids after controversial tweets    No room to delay Egyptian Premier League games – EFA's board member    Egypt Cup games to resume after Premier League finishes: EFA    The Facebook Preacher's Search for Fame, and Egypt's Economy    Egypt's efforts in Libya to activate free will of Libyan people: Al-Sisi    Egypt calls on UNSC to address oil spill risks off Yemen coast    Egypt economically strong in face of COVID-19, reforms ongoing: International Cooperation Minister    Arafa Holding reports $144,000 COVID-19-related losses in April    Hyksos campaigns were internal takeover, not foreign invaders: study    COVID-19 affects Egypt sporting clubs    COVID-19 will soon turn to seasonal like swine flu: Presidential Health Advisor    ‘Egypt's Support' coalition convenes to discuss its Senate election list    Robbery attempt leads to discovery of Ptolemaic monuments in Qena    Flouting international guidance, Ethiopia unilaterally starts filling its Nile dam    Google ‘translate' ancient Egyptian hieroglyphs    Zaha speaks out after online racial abuse    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Madinet Nasr Housing and Development launches phase two of SARAI
Unit inventory worth EGP 1.8bn sold out
Published in Daily News Egypt on 05 - 03 - 2017

Madinet Nasr Housing and Development (MNHD), a leading urban developer in Egypt, announced on Sunday that all 787 units offered as part of SARAI's phase two launch on 21 February 2017 were sold out.
According to a press statement, the launch generated a total of EGP 1.8bn in reservations, making it the biggest launch and highest recorded reservations in a single month in the company's history.
"MNHD inked contracts worth EGP 845m, with the balance of EGP 904m expected to be finalised during March 2017. On offer were a total of 620 apartments, in addition to 167 S-Villa units, with unit prices averaging EGP 11,900 per sqm, up 32% compared to an average of EGP 9,000 per sqm for SARAI's phase one, launched in November 2016," the statement read.
MNHD's CEO, Ahmed El Hitamy, said, "the success of the second phase's launch serves as a testament to our clients' trust in MNHD and in our ability to execute and deliver a project of this scale. We look forward to further cement this trust and exceed our clients' expectations with the project's on-time and to-spec delivery."
SARAI is a 5.5m sqm mixed-use development in New Cairo, located in close proximity to the planned New Administrative Capital announced by the Egyptian government.
"When completed, SARAI will be a true destination, featuring a variety of residential, commercial, retail, and leisure ventures," according to the statement.

Clic here to read the story from its source.