Arabisk Real Estate Development plans to launch three new commercial malls in New Cairo’s Fifth Settlement this year, aiming for targeted sales of 9 billion EGP, according to Dr. Abdel Hamid El-Wazir, the company’s chairman.
Prime Locations with Innovative Designs
Dr. El-Wazir stated that all malls will be strategically located on main roads, with an average space of 4,500 square meters per project. He also highlighted that the architectural designs have been completed in partnership with top-tier firms.
Exploring New Investment Opportunities
The company is currently evaluating various investment opportunities within the real estate sector to expand and diversify its project portfolio. Dr. El-Wazir emphasized the availability of promising opportunities in newly developed cities and noted the ongoing expansion strategies within the industry.
A Promising Investment Destination
He pointed out that the North Coast dominated real estate investments last year, accounting for over 70% of the market sales. Arabisk is currently assessing potential projects in this high-demand region.
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High ROI in Real Estate
Dr. El-Wazir further highlighted the strong investment returns in the real estate sector, driven by consistent annual price increases of no less than 20%, positioning it as an attractive investment option.
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