By Hamed Mahmoud
The Egyptian Developers has announced the launch of a new phase in its JAYA Business Complex project, located in the Downtown area of the New Administrative Capital (NAC).
It follows the company’s closure of marketing for the project’s first phase in record time, and with distinguished sales.
The second phase includes administrative office spaces starting from 26 sqm, and commercial units starting from 30 sqm.
The company’s Chairman Abdel Rahman Abo Zaid said that the new phase includes commercial and administrative units of various sizes which come at competitive prices.
The price per square metre for administrative units starts at LE20,000, and LE68,000 per square metre for commercial units.
Abo Zaid added that the company has recorded distinguished sales of LE250m for the project’s first phase, which took place in a record time.
The phase saw a distinguished turnout among customers looking for distinct commercial and administrative units in the Downtown area, with Abo Zaid adding that the project is located on 6,000 sqm, with 20,000 sqm in sales area.
He noted that the JAYA Business Complex project is comprised of a ground floor with 10 storeys devoted to administrative business activity. Excavation work on the project is expected to start in the near future.
“It is planned to deliver the project within three years of contracting with clients, but the company plans to deliver it before this date, especially with its strong financial and technical solvency,” Abo Zaid said, “The JAYA project includes six elevators, two panoramas to serve the commercial part of the project, and four to serve administrative part of the building, which ensures more organisation, quality of service, and presence within the project‚” he added.
Moreover, the company provides flexible payment systems for the project’s second phase, consisting of 5 per cent down payments and a payment plan over 10 years to suit all target customers.
The company seeks to keep pace with the successive developments in the nature of the real estate market as well as changes in customer needs and purchasing capabilities, and thus provide payment systems that have been reached after market and sales studies.
Abo Zaid said that with government employees set to move to the NAC in the near future, and the beginning of life in a large part of the project, the need is more necessary to provide services for citizens in the major national project.
This ensures that there is, in turn, more demand for commercial and administrative units in the city in the coming period.
The Egyptian Developers has a plan to achieve renewable returns for clients who invest in their unit. This covers the period from as soon as the client contracts with the company until the unit is finished, with payment systems in place that guarantee the client gains a rental return, he disclosed.
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