Margins Developments intends to launch a new serviced residences project in New Cairo with a prime location on 30 feddans as part of the company’s plan to benefit from investment advantages of the city, as well as diversify its investment portfolio, besides, providing a real estate product commensurate with market developments.
Chairman of Margins Developments Eng. Mohamed Al-Aasar said that the company succeeded in acquiring a unique and unconventional location for the project, appropriate for the project nature especially serviced- apartments that aligned with real estate market’s strong orientation towards launching hospitality projects to meet local demand. Moreover, introducing these properties matching the preferences of foreign client wishing to invest in real estate in Egypt.
Al-Aasar added that the new flagship project features prime location, perfect design and implementation quality, in addition to appropriate payment plans as well as reasonable prices that are in line with market changes, noted that the company seeks to diversify its investment portfolio to include projects with multiple activities, in parallel with the continuation of studying new investment opportunities.
He pointed out that branded residences are a major product commensurate with the state’s plan to export property, elaborated that foreign client is looking for units with hotel management. Additionally, this kind of properties is an opportunity for local customer to achieve a large return on investment by renting this unit. Accordingly, the company is constantly studying market and customers needs.
He further highlighted that the company’s success in acquiring a leading position in local real estate market, through the increase in construction rates in its current projects, which enhances its plan to launch a new project, as well as, achieves its ambitious expansion plans.
The company succeeded in completing the entire construction works of Zia Business Complex in the New Administrative Capital, he disclosed, added that preparations are underway to complete facades and final finishing works of the project.
Al-Aasar said that the whole complex has been sold out and it is planned to be delivered by mid-2024, explained that Zia comprises commercial, administrative, and medical units located in a privileged location in the New Administrative Capital.
Margins Developments aims to introduce projects that meet desires and aspirations of its customers by offering units with various spaces that suit all financial capabilities. Furthermore, the majority of the company’s total sales are for the benefit of Egyptian expatriates and foreigners, which depends on the company’s fame abroad and the customers’ trust in it, he concluded.