Mountain View’s sales increases by 63% during the first half of the year
By Eman Hamed
Building on the company’s achievements and its 17 years long success story in innovating and establishing integrated communities, Mountain View for development and real estate investment, announced that its contractual sales during the first half of the year, from January to June 2022, have reached EGP 11 Billion with an annual growth rate of 63% exceeding the company’s original target. This goes back to the variety of the projects that the company offers in the country’s different locations including East Cairo, West Cairo, the North Coast, and the Red Sea. In addition to the company’s unique international designs and their emphasis on implementing the science of happiness in all their projects.
It is worth mentioning that this increase in sales is considered the largest sales of the company by far during a 6-month period. This supports Mountain View to maintain its status among the largest real estate development companies in Egypt in terms of sales and projects. This achievement goes hand in hand with the journey of success that Mountain View has begun for over 17 years developing various projects that have won the trust of 20,000 families.
Mountain View has succeeded in selling 2,843 units during the first half of 2022; the West Cairo projects leading those sales with a total of 1,396 units worth more than EGP 4 Billion divided across Mountain View iCity in the Sixth of October City, Mountain View October Park and Chill Out Park, followed by the Mountain View iCity project in New Cairo, which acquired almost EGP 3.5 Billion of sales.
Eng. Amr Soliman, founder, and Chairman of Mountain View said that achieving the highest sales during the first half of 2022 and the highest in the history of the company, is a result of the company’s vision over the past 17 years with it’s thought leadership in developing projects with outstanding architecture and landscapes designed by major international companies along with spreading the “Science of happiness” in all various projects. These elements helped the company become one of the largest real estate companies in Egypt and won the trust of thousands of clients.
He also added: “We aspire during the coming period to expand our projects and seek new opportunities to invest in so we can continue creating dynamic communities. Mainly through working with highly qualified engineers, design firms, and consultants to deliver projects that innovate to enhance the clients’ experience using the latest and best methods as we adapt to the ever-changing needs of our customers and keep up with the latest developments in the real-estate sector.
Eng. Wael Ezz, Chief Commercial Officer at Mountain View, said that the company was aiming to achieve EGP 10 Billion in sales during the first half of this year but succeeded in exceeding this target to reach EGP 11 billion. Making it the highest sales in the company’s history in a 6 months period, with an annual growth rate of 63%, which is also the highest annual growth rate. This is considered a great step in overcoming the repercussions of the global economy on the Egyptian real estate market.
Ezz also added that the company seeks to work on generating more sales during the second half of the year to reach EGP 20 Billion while continuing its role in supporting the national economy by driving investments worth EGP 5 Billion to boost employment, increase the national product and meet the demands for housing units.
At the same time, Mountain View has succeeded in delivering more than 1,200 units to its clients during the first half of the year in 2022. I-City project in New Cairo acquired the vast majority with 800 units, as a result of the company’s plan to drive investments worth EGP 5 Billion during 2022 and develop projects that are more diverse.