Dahab Development opens reservation for 2nd phase of ITC project at New Capital

By Eman Hamed

Dahab Development, one of the leading companies in real estate sector, has opened the door for unit reservation in second phase of its first project in the New Administrative Capital, Iconic Trinity Complex (ITC), after succeeding in selling the units of the first phase within a short period. This reflects the noticeable demand for the project and its distinction, and the confidence of customers in feasibility of investing in it, in addition to the strength and attractiveness of investment in the New Administrative Capital.

The company will launch a new real estate product in the second phase comprises medical units in various areas to suit needs of customers, with sizes starting from 50 sqm, at a price of EGP 2m and installment plan up to 8 years.

Nader Adeeb Moawad, Chairman of Dahab Development, said that reservations are open for the second phase of the project, which includes a distinguished group of units with varying spaces ranging from 50-1300 sqm, added that the project spans over ​​8,000 sqm.

He noted that the project is located in the most distinguished areas of the New Capital in MU23 area, which is a distinct service area located between the second residential neighborhood (R2) and (R3). Additionally, it is situated on the most important axes of the New Capital, Northern Bin Zayed axis, and Al Amal 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 Board of Directors of Dahab Development, stressed the company’s keenness to provide a distinguished and unconventional real estate product that achieves the highest investment returns for client and meets his aspirations and ambitions.
He pointed out that the total value of the project’s sales is close to EGP 1bn, added that the company offers its customers a package of facilities and various payment systems.

Sherif Moawad elaborated that the company has contracted with major consulting companies locally and internationally, to be successful partners to ensure the project will come out in its best form, led by the Lebanese Chaddad Group to take over the internal finishes of the project. Besides, YBA Architects headed by Engineer Yasser Al Beltagy to prepare the project designs, and PROMET Company  headed by Walid Abdel Ghaffar for Electromechanical Works, and ITC is responsible for the project construction works.

He stressed that the company is working on developing a project that represents a strong addition to real estate market, and therefore chose the largest consulting companies locally and globally.

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 explained.

He disclosed 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.

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