Cornerstone Real Estate Development plan to deliver The Curve project in the New Administrative Capital (NAC) in mid-2023, according to Ashraf Boulos, chairman and managing director.
Boulos noted that the project is conveniently located in the R8 area just in front of the Green River and close to Mohammed bin Zayed Road, the airport, the presidential palace and the ministries’ headquarters.
Boulos pointed out that the built-in area percentage in the project is 18%, less than the allowed 22.5%. The project also includes services such as a mall, an administrative building, and large green space and landscapes.
The unit space ranges between 90 to 300 square meters (sqm), accounting for 70% of spaces between 90 and 180 sqm, which is in line with the demand of the largest segment of customers, he elaborated.
“The designs made especially for the project were developed by one of the largest consultancy offices in New York, United States. The project also includes commercial, administrative, cultural, and sports services. The payment systems vary from 5 to 6 years only,” he explained“. The company is committed to delivering its units to customers in accordance with the agreed upon specifications and delivery time, as well as creating a homogeneous base of customers.”
Corner Stone has strong financial liquidity to enhance its ability to implement high-end projects based on the best standards of modern design and construction as well as adherence to on time delivery, Boulos added.
The authorised capital of Cornerstone for Real Estate Development is EGP600m and the paid up is EGP100m.
Boulos revealed that the key areas of the company’s plan include the expansion of real estate projects in the New Administrative Capital, in addition to studying promising opportunities in coastal cities, especially El Alamein and Ain Sokhna.