Dahab Development, one of the leading companies in field of real estate development, succeeded in achieving strong sales for its ITC / Iconic Trinity Complex project, its first project in New Administrative Capital, in cooperation with IDEA Group for management and marketing consultancy, the marketing and sales advisory for the project.
Nader Adeeb Moawad, Chairman of Dahab Urban Development, said that the company is keen to expand and increase its investments in Egyptian market, as well as keep pace with the state’s plans for urban development and increase urban area of Egypt to reach 14% instead of 7%.
Moawad added that real estate investment has proven to be the best and strongest in facing challenges and crises the world is witnessing, hence property investment is still the most attractive and stable compared to other sectors.
For his part, Youssef Nader Moawad, Vice Chairman of Dahab Development, said that the company achieved an unprecedented sales boom in the ITC / Iconic Trinity Complex project within a short period, noted that the company has sold about 70% of the first and second phases of the project within a short period of up to 5 months.
He added that the project’s investments reach EGP 1bn and is located in the most distinguished areas of the New Capital in MU-23 area, which is a distinguished service area located between the second residential neighborhood R2 and the third residential neighborhood R3.
He pointed out that the ITC project spans over 25,000 sqm with 30% built-up area estimated at 2,450 sqm per floor, divided into a ground floor and 9 floors. Moreover, the building includes two basements stretched over the total area of the project area, and a garage on an area of 16,000 sqm that can accommodate 600 cars.
The company has contracted with a number of senior consultants to ensure that the project is developed in the best way, led by Yasser Al Beltagy Architects (YBA) headed by Yasser El-Beltagy for the project designs, the Lebanese Shaddad Group to handle the project’s interior finishes, and PROMET M. Walid Abdel Ghaffar for Electromechanical Works, and ITC Construction Company is responsible for construction works.
Dahab Development’s CCO Aya Kamal said that the company made a great effort so that the project would come out in the best marketing and financial form.
Kamal elaborated that Dahab Company achieved the difficult equation by providing flexible and diversified payment plans that suit different citizens, and payment period up to 6 years as well as delivering units within 6 months.
For his part, Ahmed Samy, Chairman of IDEA Group for management and marketing consultancy, marketing and sales consultant for the project, praised cooperation with Dahab, stressing the fruitful cooperation with the company, especially since the ITC project is one of the most distinguished projects in the New Capital.
Samy added that the project is a successful and strong investment opportunity, characterized by close delivery dates and high quality according to the highest local and international standards and specifications.