Just Development to launch its latest project in the New Administrative Capital, with targeted sales of EGP 2bn

Just Development will launch its latest project in the New Administrative Capital’s Downtown. Moreover, the company is partnering with Inter Build Developments. It targets sales of EGP 2bn by September.

Eng. Osama Gomaa, Chairman of Just Development, stated that the project covers 4,150 sqm in one of the most distinguished locations. Moreover, the project overlooks two main roads. One of these roads is the Western Axis. In addition, the project overlooks a large public parking area.

He explained that the project includes three basements and 12 floors. Each floor has an area of 1,350 sqm and features commercial, administrative, and serviced apartment portions.

Eng. Ahmed Gomaa, Vice Chairman and Managing Director of Just Development, stated that the project’s investment cost is estimated at approximately EGP 1 billion. In addition, he noted that the project is currently in the final design phase.

He confirmed that the company aims to begin on-site construction early next year. This step aligns with the company’s strong commitment to meeting deadlines.

Furthermore, it reflects the founders’ extensive experience in the construction and development sector, as well as the company’s strength in design, supervision, implementation, and management.

Mr. Ashraf Raef, Chairman of Inter Build Developments, stated that the partnership with Just Development stems from the company’s strong position and reputation in the market. Additionally, it is backed by the extensive experience of its board of directors, which will positively influence the new project.

He pointed out that the company has collaborated with major names in the construction sector. The designs have been assigned to Archrete, while the engineering consultancy has been entrusted to Identity.

Moreover, the company is in the process of signing a contract with a major management company to manage and operate the project.

Mr. Nabil Qirat, Head of the Commercial Sector at Just Development, stated that the company is relying on unconventional sales and marketing plans for the new project, especially given its strong competitive advantages.

He explained that the company offers flexible payment plans and strong incentives for customers. These include repayment periods of up to 12 years, returns on down payments, and mandatory rent.

In addition, the company is attracting new customers who can purchase and invest in small spaces within the project. Rental returns will start being paid to customers one year after delivery.

Qirat confirmed that the company has a large customer portfolio and seeks to attract new customers from both inside and outside Egypt. He added that the company is offering strong promotions upon the project’s opening, which will be announced soon.