US President Trump urges Libya de-escalation on call with Erdogan: White House    PM Boris Johnson risks party wrath to back aide who crossed UK amid coronavirus    Americans soak up sun on beaches as COVID-19 death toll nears 100k    Egypt records 752 new coronavirus cases on Sunday    Mental health apps draw wave of new users as experts call for oversight    Zuckerberg led Facebook to an all-time high this week    Egypt produces 7.2 bcf per day of natural gas – Cabinet    Reportage Properties unveils $71 mln in UAE sales in four months    Sisi congratulates Egyptians on occasion of Eid Al-Fitr    No fans and no protesters as Leipzig beats Mainz in Bundesliga    China legislation on Hong Kong could lead to US sanctions: White House    Bournemouth player tests positive for COVID-19    Afghan Taliban declare three-day Eid ceasefire from Sunday    Public returns to St. Peter's Square; pope calls for defence of environment    Jerusalem's Holy Sepulcher reopens after coronavirus closure    Muslims around the world celebrate Eid al-Fitr holiday amid curfews, virus fears    Netanyahu heads to court as 1st sitting Israeli PM on trial    Lyon president calls French League's halt to Ligue 1 'stupid'    Egypt's Sisi congratulates Egyptians on the occasion of Eid El-Fitr    Egypt's interior ministry gives gifts to families of policemen killed or injured in the line of duty    Egypt producing 7.2 bcf per day of natural gas: Cabinet    Egyptian police kill 21 terrorists who plotted attacks on Eid El-Fitr    Egypt issues $5bn eurobonds, biggest global issuance in its history    UK to introduce quarantine for international arrivals from June 8    Egyptian sculpture pioneer Adam Henein dies at 91    New Edition of Stephen Covey's The 7 Habits of Highly Effective People    China defence spending rise at three-decade low, still to grow 6.6%    Italy's football federation sets August 20 as deadline for finishing season    Orchestra in masks: Ukrainian musicians in first concert recording as lockdown eases    Egypt's decision to resume sports activities breathes life into hopes to restart league    Egyptian Premier League final decision to be taken before May-end: minister    Egypt's 12 MPs came into contact with coronavirus infected parliamentarian    iRead launches new activities, competitions to pread the passion for reading    British Council in Egypt makes its digital library for free amid coronavirus    Sheikh Mahmoud El-Tablawy dies at 86    Kuwait breaks up riot by Egyptian workers seeking repatriation – ministry    Egypt, MENA growth forecast at 2.7%, -0.3% respectively: IIF    Prosecution warns of EGP 300k fine or 2-year jail for spreading fake coronavirus news    Al-Sisi discusses joint coronavirus efforts with Abu Dhabi Crown Prince    Saudi Arabia intercepts missiles over Riyadh    CBE temporarily regulates cash deposits, withdrawals    Lagging COVID-19 response to shield frail economy: Rouhani    Weekend's virtual concerts, plays, and festivals people can stream at home    Brazilian football stadiums transformed into hospitals to treat coronavirus patients    Amid coronavirus outbreak, Egyptian Premier League cancellation seems inevitable    Stay At Home: Ministry of Culture to publish free books online for public browsing    Ethiopia has not sent Egypt latest designs for GERD: Minister of Irrigation    Nigerien President hails Egypt's diplomatic attempts to reach agreement over GERD    

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

Royal aims to achieve EGP 250m in sales of its projects during 2019
Company will deliver 8 residential buildings during current year
Published in Daily News Egypt on 20 - 05 - 2019

Royal for Real Estate Development aims to achieve sales worth EGP 250m of its projects during the current year.
The CEO of Royal for Real Estate Development, Sherif Shaalan, said that the company is carrying out a number of projects in the Fifth Settlement area in New Cairo.
Shaalan added that Royal for Real Estate Development has been operating in the market for about 12 years, during which it was able to execute and deliver more than 45 projects, comprised of separate buildings that are implemented and delivered according to the company's contracts with its clients, with the required quality, luxury and finishing. Moreover, the company also provides after sale integrated service management.
Furthermore, Shaalan stated that the company will deliver eight residential buildings during the current year in El-Andalus and Lotus districts in New Cairo City.
Additionally, he elaborated that the company also offers various payment systems including seven different payment systems and an instalment period of seven years without interest.
He pointed out that 10 residential projects are being developed with a total investment cost of EGP 150m, noting that these projects' delivery will begin this year and the rest will continue throughout the course of next year.
“The company succeeded in delivering more than one project during the current year, which reflects the credibility and commitment in dates of implementation and delivery, in addition to maintaining the quality of the real estate product provided to customers,” Shaalan highlighted.
In addition, he stressed the strength of Egypt's real estate market as it is based on a real demand supported by the population growth of various residential segments, especially middle-income people, which is the largest market segment in real estate sector.
Real estate sales are stable during the first quarter of the current year, he added, denying any deceleration in the market.
Additionally, Shaalan explained that the most important problems facing medium-sized companies are the lack of offered land to these companies by the state, represented by the ministry of housing, and called for the need to provide land at affordable prices in order to support these companies' businesses, which play a strong role in solving the housing crisis for a large segment of customers in the market.
Furthermore, he stressed the importance of the development which is currently being undertaken by the state in a large number of cities and new urban communities, namely New Alamein, the New Administrative Capital, and New Mansoura, which include huge investment opportunities for all companies operating in the real estate market.

Clic here to read the story from its source.