Hani Joudeh: Expectations for the real estate sector to boom after the low interest rates in
Eng. Hani Joudeh, head of the commercial sector at Arabisk Real Estate Development Company, expected that the real estate sector would boom during the first quarter of this year, especially after the low interest rates in banks, explaining that the sector has witnessed great growth over the past 4 years.
He pointed out that the repercussions of the COVID -19 virus did not affect the real estate market significantly during the current period, due to the experience of the developers in dealing with the crisis, as the company aims to achieve a high sales rate for the Al-Cazar project in the Beit Al-Watan area in New Cairo, explaining that the project is characterized by a unique location, in addition to that the company offers competitor prices compared to real estate prices in the region, as well as its Recil after-sales service and regular maintenance of the project, which brings high investment returns for the customer, so investment in the real estate is one of the most important requirements of the customer when purchasing it A housing unit.
The project in the first phase includes 3 buildings, with areas ranging from 138 square meters to 162 square meters, at a price of a meter starting at 8,000 pounds per half-finished meter, and the company offers several payment methods that are appropriate for all customers, as these systems depend on the ease of procedures and payment methods up to 5 and 6 years, and the project is delivered within 3 years, and each building consists of floor houses and 3 repeat roles in addition to the shelves.
He explained that the project relies on a set of standards for achieving sustainability in Maine Cambodia, the most prominent of which is the economy standard, as the project is based on energy savings. The project is considered an environmentally friendly project that respects environmental standards and uses clean electricity, as part of the project is based on solar energy.
The head of the business sector said that despite the high construction costs of the project, the company is keen to provide a product that will be available to the customer and developer in the long term, as most advanced projects are based on customer savings in accordance with the highest standards of modern technology.
The project relies in the savings criterion on the use of the mobile application, which controls the use of electrical appliances from setting the dates for opening and closing the devices.
