Abdul Hamid Al-Wazir, head of Arabisk Real Estate Development Company and Chairman of the Support and Follow-up Committee, said that the company is launching the first phase of the Alcazar project with a target sales of 50 million pounds, which is Mini Kambund, the highest technology of technology, using the Internet of Things, where the area of the first phase is 1500 square meters.
He asserted that the company was keen to create a distinctive architectural market model based on Arab-Andalusian-style architecture, in addition to the future heritage of Smart System, with the Alcazar project based on Smart Home and modelled on the Palazzo el-Muarq in Spain, which was chosen by UNESCO as the best monument in the world and made its headquarters.
He added that the company had signed several cooperation protocols with more than one real estate finance company, explaining that these were protocols that facilitated real estate financing for clients in order to allow all customers to purchase housing units in accordance with the banking systems that suits them.
He pointed out that the company has an expansion plan to enter into new projects during the coming period, explaining that the real estate market is witnessing many developments, as the company obtained 3 plots of land in the new administrative capital in partnership with a group of investors, and the first project will be launched in the capital during the first half of This year on an area of 2500 square meters in the Don Town area.
He continued: The company also has lands in the northern coast and Ras Al-Sidr, and its projects will be launched during the coming period, stressing that the real estate sector in Egypt is one of the promising sectors that attracts many investors to it.
For his part, engineer Ahmed kotp, a general consultant for the project, said that the company took into account the reliance in the implementation of the project on the quality of control at a cost for all customers, as the highest quality of soil work, concrete, finishing materials and roof insulation operations are used to protect against water drainage, as reliance was on The highest quality in everything involved in the construction process.
Engineer Hani Juoda, head of the commercial sector of Arabisk Real Estate Development Company, added that the company offers many 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, in addition to an advance starting from 10%, explaining that the project is delivered within 3 years, and each building consists of a floor role and 3 repeat roles in addition to the roofs.
He confirmed that the first phase of the project includes three buildings, with areas ranging from 138 to 162 square metres, at a price of 1 metre starting at LE 8,000 for a half-finished metre and starting at LE 11,000 for the complete completion of units.
Engineer Moustafa Fathalla, head of Electro technology, said that the company collaborated with Arabisk Real Estate Development to design the project based on Smart System, which relies on providing safety, luxury, protection and savings in electricity and water consumption sources, as well as maintaining the life of appliances through the Digital Mobile, where Sistem can be controlled from inside and outside the residential unit, as well as renewable energy sources, which save 50% of the energy.