Dahab Development, one of the leading companies in real estate sector, announced the launch of ITC (Iconic Trinity Complex) project, the company’s first project in the New Administrative Capital, for booking after completing more than 40% of its constructions.
The ITC project is located in the most distinguished area in New Capital’s MU23 area on an area of 8,000 sqm with investments worth LE500m.
Chairman of Dahab Development Nader Adeeb Moawad stated that the company has launched the first phase of the project for booking, which includes administrative, commercial and medical units with various areas that suit all customers’ needs, starting from 50 to 1,300 sqm. Moawad added that the Iconic Trinity Complex project is situated in MU23, which is a distinguished service area located between R2 and R3, directly in front of Al Amal Square, where the Monorail 18 station is.
The project enjoys unique advantages and privileges, moreover, it is located on the most important axes of the New Administrative Capital, Bin Zayed axis, and Al Aml axis, which is a few minutes away from the iconic tower, the highest in Africa in the central business district.
For his part, Sherif Moawad, a member of the company’s board of directors, stated that the company presents exclusive offers to customers besides a mandatory lease contract with a number of major brands immediately after receiving the unit, with a return of up to 28% for administrative units and a return of 15% for commercial units. Furthermore, the company provides various payment systems to meet needs and aspirations of customers with payment plans up to 7 years.
He pointed out that delivery date is one of the most prominent advantages of the project compared to other projects, noted that the company is working to provide a distinctive real estate product of the highest quality.
“We target Egyptian and non-Egyptian customers, Arabs and foreigners, and this pushes us to develop the project according to the highest construction standards globally using the latest technologies,” Sherif disclosed. “The total size of the project is 25,000 sqm, with built-up area reaches 30% of the project size, at 3,450 sqm per floor, featuring 10 floors. The building also includes two basements on 16,000 sqm to accommodate 600 cars.”
He noted that the company plans to develop the project according to the highest quality and the latest technologies. ITC mall is integrated and features all necessary services and means of safety and protection, including fire pumps, water tanks and pumps, a rainwater collection tank, emergency exits and ladders, in addition to the distribution of fire extinguishers in consonance with the Egyptian code.
He stressed that Dahab Development has a great experience of nearly two decades in the European and Egyptian markets. The company was established in Egypt in 2007 as a real estate developer and a pioneer in construction and real estate industry. The company has succeeded in developing and delivering projects on an area of more than 50,000 sqm in different areas including New Cairo. Likewise, the company has distinguished businesses and investments in Germany and the United Kingdom, as well as, it plans to provide more flagship projects to the Egyptian market and make optimal use of huge opportunities currently offered in construction and real estate sectors.
