Upturn Developments announced planning to open its second abroad branch in the United Arab Emirates soon, to complete the company’s target in real estate exportation, after establishing its first one in Kuwait 5 years ago, through which it succeeded in forming a strong client database abroad, and reaching egyptians working abroad.
Engineer Sayed Mossad, Upturn Developments Vice Chairman said that the Egyptian real estate has many virtues that make it a global destination, specially the development in real estate industry and the competition in introducing distinguished real estate projects that suit both foreign and local client, referring that there is a purchasing power in this field and customers want to own a property in Egypt, but they do not have the opportunity to choose.
He insisted on the importance of introducing the comprehensive urban development that Egypt is currently achieving in various parts of the republic to the world, in addition to the importance of marketing the development that real estate industry is witnessing in Egypt, in order to maximize the investment return from that development and to support the Egyptian economy with providing hard currency.
“Marketing Egyptian real estate abroad has become a necessity imposed by urban development and the expansion of local companies, and this is what the company targeting via its branches abroad through introducing
its projects in details to customers inorder to help them in making a successful purchasing decision”..Mossad stated.
Upturn Developments is a Real Estate developer in the Egyptian market since 2004, implemented various projects in New Cairo, specially residential ones, as the company has developed more than 25 integrated housing projects till now.
Centric Business District is a new administrative project by UPTURN Developments as Mossad explained, located on the northern 90th Street, in a privileged location in the heart of New Cairo,on an area of 4,180 sqm, with a total investments of 700 million pounds. It consists of a commercial ground floor, 6 administrative floors with various sizes, and it will be completed and delivered by the end of 2022.