Every day the real estate investment in Egypt takes a new step, which points to a better future in the real estate field. So, Sorouh Developments has announced a system that enables customers to invest in properties in partnership with the company itself.
This partnership would be in its commercial and administrative projects, specifically in its two most recent projects, Citadel New Capital Mall and Entrada New Capital Compound. The idea is summarized as follows: the customer purchases a few meters in the commercial and administrative units; accordingly, he would get a mandatory rental return in a certain percentage when the projects are delivered.
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An Overview About Sorouh Developments
Sorouh Developments is one of the largest companies in the real estate field. The Company enjoys many years of experience, during which it was able to launch more than 250 projects inside and outside Egypt. Also, it has developed many projects in foreign countries, such as Turkey, Emirates, and Saudi Arabia. The company has Egyptian and Arab stakeholders who have great experience in this field, especially in the Middle East.
The company has many achievements, such as the Citadel Mall project in the New Capital, and Entrada Avenue in the New Capital as well. The company has developed many towers on the Nile Corniche in the Maadi district, and more than 300 apartment buildings and villas in the Fifth Settlement and New Heliopolis.
Sorouh Developments also has a group of investors and developers who know all the ins and outs of the field, including Saleh Al Hilali, a partner in the Katameya Heights project, Dr. Walaa Al-Alamy, and Engineer Tamer Bakeer. The latter both own an engineering design company that works in Dubai and Egypt. The Two partners are responsible for designing the compound in the New Administrative Capital.
What is the Real Estate Alloy System Offered by Sorouh?
As the name suggests, buying a real estate alloy is similar to investing in gold bullions. Therefore, buying a few meters in a commercial or administrative project with a fixed return is a profitable deal in the short and long term because the real estate prices increase over time like gold.
Sorouh offers the real estate alloy system, which allows many customers to buy meters starting from 10 meters in one of its recent projects. The Company has announced that the price per square meter will be EGP 100,000, whether for administrative units in the New Capital or commercial units.
The customer can buy several meters starting from 10 meters or more. Then, he gets a compulsory rental return of 8% with an annual increase of up to 5%, a total of 13%, for 5 years.
As for the payment system, the customers pay 25% of the total price of meters in the New Capital as a down payment, and the rest is paid in installments over 4 years. The customer can return the meters he has bought back to the company and get the price of the meters in full without any deduction and with an increase of 5% for each year. It is worth noting that Sorouh Company does not impose a maintenance deposit on the real estate alloy system.
So, if you want to buy some meters in one of the Sorouh projects and ensure a better future for your investments through the real estate alloy system, you should immediately take the decision. The Company provides this offer for a limited period.
What Projects Can I Buy In?
Sorouh Developments offers two projects for purchasing the real estate alloy, i.e. Entrada New Capital Compound and Citadel New Capital Mall. Here is the most important information about each of them:
Entrada New Capital Compound
The Compound is located in one of the most prestigious and most important areas in the New Administrative Capital. It is specifically located in the R7 properties area, where it is within walking distance to the South Axis of Mohammed bin Zayed and next to the Green River. The Compound is located near the exhibition grounds and the Cathedral of the Nativity of Christ. It is across Expo City and is also close to the British University in Egypt (BUE).
The compound occupies a large area of 72 acres, only 18% of which has been allocated for constructions and buildings. The remaining 82% is allocated for recreational facilities and services, such as swimming pools, an indoor swimming pool for women, a gym, spa, jacuzzi, cafes, and restaurants. Moreover, there are spaces for bicycles and 24-hour security service.
Prices and Installment Systems in Entrada Compound
The prices and payment systems vary in Entrada, so the price per meter for housing units in Entrada ranges from EGP 8,800 to EGP 9,950.
As for the installment systems, they are divided into two parts. The first is without a down payment, and the total unit price is paid in installments over 4 or 5 years.
In the second system, 10% of the total unit price is to be paid as a down payment, and the rest is paid in installments over 6 or 7 years. Or, 15% of the total unit price is to be paid as a down payment, and the rest is paid in installments over 8 or 9 years. Or, 20% of the total unit price is to be paid as a down payment, and the rest is paid in installments over 10 years.
Citadel New Capital Mall
Citadel Mall is one of the largest commercial projects in the New Administrative Capital. The Mall occupies an area of 9,400 square meters and consists of a ground floor and 7 other floors. It is an integrated commercial complex that provides many services, facilities, and recreational activities.
The Mall is located in the R2 properties area near the headquarters of ministries, authorities, and government departments in the New Administrative Capital. It is also very close to the Presidential Palace, so it has a strategic location and is a wonderful investment opportunity.
Prices and Payment Systems in Citadel Mall
The mall offers two systems to install the price of the units. The first is without a down payment, and the price is paid in installments over 5 years from the date of the contract. In the second system, the customer pays 10% of the total unit price as a down payment and the rest is paid in installments over 6 years.