Egyptian Kuwaiti Real Estate Development Unveils Strategic Plan for 2024 | Kanebridge News
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Egyptian Kuwaiti Real Estate Development Unveils Strategic Plan for 2024

Egyptian Kuwaiti Real Estate Development has announced an ambitious strategic plan for 2024.

Fri, Jun 7, 2024 1:21pmGrey Clock 2 min

With a legacy spanning approximately 40 years and founded on a robust partnership between the Egyptian and Kuwaiti governments, Egyptian Kuwait Real Estate Development aims to make 2024 a pivotal year. Leveraging its extensive experience and diverse work history, the company plans to launch a varied portfolio of projects, undertake organizational restructuring, and recruit new talent. These initiatives are designed to bolster the company’s market leadership and ensure its continued dominance throughout the year.

Yousry Selim, Managing Director of the Egyptian Kuwaiti Real Estate Development Co, said that the company is starting to implement this plan by launching a portfolio of diverse projects during the coming period in East and West Cairo, restructuring and including cadres that will make the company at the forefront of real estate development companies in Egypt and the Arab world in order to help achieve Egypt’s 2030 vision.

Mohamed Aloui, general consultant for the Egyptian Kuwaiti Real Estate Development Company, said that the company is launching a distinctive project in the “heart of Taj City” at EGP 1.5 billion pounds investments. It is a distinguished project located in an exceptional place and was designed and being implemented with the highest quality standards.

He added that the new project, NOBLE RESIDENCE, is located over 25 acres, and is an integrated residential project that includes 180 various units, including villas, twin houses, and townhouses. Nearly 50% of the project has already been implemented, and its delivery will begin by the end of 2026, as the company has strong competencies and long experience. He also pointed out that implementation before marketing ensures a realistic vision of the unit before contracting for it.

He explained in special statements that cooperation was made with Arch Plan to develop the architectural design of the project, which is one of the strong engineering consulting offices in the real estate market, as the company is implementing a distinguished project commensurate with the extent of its expertise and the distinctiveness of its project location, indicating that the company offers flexible and competitive payment systems. For project clients with repayment periods of up to 8 years.

He pointed out that the Egyptian Kuwaiti Real Estate Development Company started in 1978 by a presidential decision and in partnership between the Egyptian and Kuwaiti governments, with the aim of implementing various projects, making it one of the first companies to establish the concept of real estate development, as it implemented various projects in Nasr City, the Fifth Settlement, Maadi, and Heliopolis, which It varied between integrated projects and separate buildings.

He pointed out that the company is planning to include a huge portfolio of plots located in distinctive places, which will be benefited from in the coming period and the launch of various projects on these lands during the coming period, in parallel with a plan for internal restructuring of the company and cooperation with human cadres and strong expertise to work in the company. In order to achieve its ambitious goals for the coming period.

 



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AQUA Properties Announces Record Sales for The Central Downtown

The Central Downtown led the market in May, capturing an impressive 40.5% of all transactions in Arjan

Fri, Jun 21, 2024 2 min

AQUA Properties has reached a remarkable milestone by selling over 900 units in its latest project, The Central Downtown, within just 100 days of its launch.

This achievement underscores the robust demand for premium real estate in Dubai, with The Central Downtown leading the market in May by capturing an impressive 40.5% of all transactions in Arjan, as reported by Property Monitor.

Situated centrally in Arjan, this expansive project spans a 7-acre hub, making it the largest development in the community. The Central Downtown consists of four towers featuring modern studios and 1–3-bedroom apartments, along with a 200,000 sq ft podium level offering over 25 amenities.

Residents can enjoy a variety of facilities, including a golf simulator, wave pool, basketball court, outdoor cinema, padel tennis, and an organic farm.

Integrated approach

Additionally, a 150,000 sq ft shopping mall beneath these interconnected towers provides a unique retail convenience. This integrated approach sets The Central Downtown apart, making it the leading choice in Arjan.

AQUA Properties Founder Ali Tumbi said: “This rapid sales success underscores AQUA Properties’ formidable presence in Dubai’s real estate market and highlights the high level of investor confidence in our projects.”

To celebrate the success of The Central Downtown, AQUA Properties, an award-winning multinational real estate brokerage and developer, hosted an exclusive 3-day luxury cruise on the Arabian Gulf in February, bringing together over 300 key investors, brokerage partners, and valued community members. The celebrations continued in April with a groundbreaking event, marking the commencement of this visionary project.

Community trust

Since its establishment in 2005, AQUA Properties has built a strong reputation for excellence. Renowned for its extensive experience and community trust, AQUA Properties has launched its seventh project, The Central Downtown, showcasing its expertise once again.

With nearly two decades of industry experience, AQUA Properties consistently provides exceptional services, ensuring customer satisfaction through competitive pricing, flexible payment plans, and luxurious amenities.

Their impressive portfolio includes projects in prime Dubai locations such as Palm Jumeirah, Jumeirah Village Triangle, and Motor City, among others.

Riding on the success of The Central Downtown, AQUA Properties is poised to dominate Dubai’s real estate market with several upcoming developments this year, including projects in Dubai Sports City, Sheikh Zayed Road, and Arjan. AQUA Properties’ commitment to excellence and innovation continues to shape the future of real estate in Dubai.

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