The Address Developments plans to launch a new real estate project in Sheikh Zayed city – its second development in Egypt – in the third quarter (3Q) of the year, said the company’s board member and chief commercial officer Abd El Rahman Badr.
“The Address aims to diversify its real estate portfolio in the local market and studies investment opportunities that suit its expansion plan in the coming period. [The company] compares between areas in which it plans to invest in the coming period,” he added.
On a different note, Badr said the company launched the second phase of The MarQ compound in Fifth Settlement, New Cairo. The first phase of the compound has been sold out.
The Address will probably complete marketing The MarQ’s second phase in 1Q2020, especially as the company provides flexible payment plans that suit its target customers, he said.
The area of The MarQ is 26 feddan. It’s located in the Golden Square in Fifth Settlement and comprises 300 fully-finished villas with various spaces, along with entertaining activities, services, green spaces, and landscape.
The MarQ is scheduled to be fully delivered in 2023.
Badr predicted a strong competition among developers this year, and it will be reflected on new products and their prices, along with payment methods and facilities for customers.