Jawad Developments has announced significant progress in its Val Plaza project, having completed approximately 80% of the concrete works. According to Ayman Nawar, CCO of Jawad Developments, the company has prioritized construction advancements, aiming to solidify its market presence. With plans to accelerate both interior and exterior finishes through 2025, Jawad Developments targets the initial delivery of units by January 2026.
Strategic Partnership with LG for Electromechanical Works
Jawad Developments has partnered with the global giant LG to handle the electromechanical work for Val Plaza, marking a key milestone in the project. Nawar emphasized that this collaboration reflects the company’s commitment to high standards, ensuring that Val Plaza stands out in the real estate market.
Project Sales and Unit Availability
Nawar reported that Val Plaza’s sales have already exceeded one billion EGP. However, the company has retained 20% of the project units, which will not be released at this stage, as part of a strategic plan to maximize value as market conditions evolve.
Expansion into West Cairo with New Residential and Commercial Project
As part of its expansion strategy, Jawad Developments has secured a prime plot on a main road in West Cairo for a new mixed-use project, including residential and commercial units.
Nawar highlighted the high demand and limited supply in West Cairo, an area now seeing increased interest due to recent infrastructure improvements such as new schools, universities, and roads. Detailed plans for this project will be unveiled soon.
West Cairo: A Booming Real Estate Hub
West Cairo’s potential is rapidly rising, especially with the forthcoming global opening of the Grand Egyptian Museum and other infrastructural developments, including new road networks, airports, and urban projects in New Sphinx, New October, and New Zayed.
Nawar anticipates substantial investment inflows into West Cairo, driven by these developments and the area’s growing appeal for both residential and commercial projects.
The Resilience of Egypt’s Real Estate Market
Nawar stated that Egyptians have long viewed real estate as a secure investment, bolstered by increasing demand driven by population growth. He noted that real estate serves as both a residence and a financial safeguard, especially amidst global economic challenges.
This outlook aligns with the country’s historical ties to property investments as a reliable wealth-preserving avenue.
State Initiatives Bolstering the Real Estate Sector
Highlighting the government’s role, Nawar commended efforts to expand Egypt’s inhabited land area from 7% to 14%, through initiatives promoting urban development and creating new cities.
These moves have not only encouraged local developers but also attracted foreign direct investments, as seen in recent major deals like the Ras El Hekma development project.
The state’s proactive approach is further strengthening investor confidence and contributing to a sustainable growth environment for Egypt’s real estate market.
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