Egypt : Future Homes records EGP 30m in sales during AQARI Exhibition
- 14 October 2020 / News / 331 / Emerging Africa
Future Homes Development recorded contractual sales worth over EGP 30m during its participation at the Al-Ahram Real Estate Exhibition (AQARI), which took place in Cairo from 1 to 4 October.
Mohamed Mounir, the company’s Chairperson, said that Future Homes Development has also launched the third phase of its Verona compound development in East Cairo.
The compound, worth investments of EGP 260m, is built on an area of 5,500 sqm, and includes 100 commercial and administrative units alongside 370 serviced-apartments of various areas.
Mounir added that the company is targeting estimated sales of EGP 400m in the project, and that 50% of the targeted sales have already been achieved.
He added that the third phase of the Future Heights project in Zahraa Maadi, east Cairo, was launched in partnership with the National Investment and Reconstruction Company (NIRCO).
The project, which has received investments of EGP 100m, is comprised of two buildings of 150 units in total, with the company targeting sales of EGP160m.
Mounir revealed a project management company will be established to manage all projects for Future Homes Development. He added that the company is specifically targeting middle-income clients.
source: Daily News Egypt
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