Egypt’s real estate developer The MarQ Developments announced the launch of its latest project dubbed The Water MarQ in New Cairo, with investments worth LE2b as part of its expansion plan in the market and increasing its projects portfolio in east Cairo.
Amr Badr, chairman of The MarQ Developments, said that the company’s new project The Water MarQ in New Cairo is being developed over 20 acres at the land of Azad project.
Badr added that the project is scheduled to be developed within two years according to the timetable set by the company.
Badr explained that The Water MarQ is the company’s second project in local real estate market after The MarQ project in Fifth Settlement, New Cairo.
He further noted that the company has assigned major engineering consultancy offices to develop the project designs, which includes a 10,000-sqm lagoon within landscaping and green spaces.
Badr explained that the project includes standalone villas with various spaces. The Water MarQ project is located on American University Street in the heart of the Fifth Settlement. The project’s location is one of the most important competitive advantages and is popular with customers who want to live in that area.
The MarQ Chairman said, “The company decided to launch its second project in New Cairo after its success in the first one, The MarQ, which all its units were sold out within 10 months of its launch. It is scheduled to begin the project delivery in 2023.”
Badr further elaborated that the company is always seeking to search for successful partnerships and expand its projects portfolio by studying available investment opportunities that are commensurate with its expansion strategy. Additionally, The MarQ Developments aims to expand its projects in the most attractive areas for investment, including west Cairo, Galala city and Ain Sokhna, in addition to North Coast and New Alamein.
The MarQ Developments is an Egyptian joint-stock company was established in 2019. The company’s business model is based on vertical integration of all real estate fields and adoption of an ambitious vision to create smart, sustainable and happy communities.
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