“Radix” Real Estate targets EGP 4.5 billion in sales with the “Ray” project
Shrouq
The Al-Ahram Real Estate Exhibition witnessed a variety of participation by major and important real estate companies in the Egyptian real estate market, and the events witnessed distinguished offers by various companies on residential and commercial units and others.
Al-Ahram Real Estate Exhibition
Participation in Al-Ahram Real Estate Exhibition in its current edition aims to reach customers interested in buying real estate units, especially in the New Administrative Capital.
Radix Real Estate Development Company participated in the activities of the Al-Ahram Real Estate Exhibition during the period from 27 to 30 July.
Akram El-Sheikh, Executive Vice President of Radix Real Estate Development Company, said that the company is participating in Al-Ahram Real Estate Exhibition with exclusive and distinguished offers in its new project “Ray” in the R8 area of the New Administrative Capital.
Al-Sheikh explained that the company has different and specific marketing strategies, especially in the current period, and selects its participation in real estate exhibitions in a way that suits the magnitude and strength of its project.
He continued that the “Ray” project is the latest project launched in the Egyptian market by the company, and it is a residential project in the R8 area on an area of 27 acres and consists of 40 buildings with a total of 1140 housing units and a height of 7 floors, and it is distinguished by the possibility of buying villas in a modern way by allocating two floors linked internally such as The ground floor and the first or any two floors repeated inside the building under the name “Ray Villa”.
Ray project
Al-Sheikh indicated that the most important feature of the ray project is its presence on a main street, the Boulevard, with a width of 50 meters, dedicated to holding entertainment activities, in addition to the presence of 3 clubhouses and a direct view of an area of 355 meters throughout the project, green spaces, swimming pools, and a shopping mall to serve the residents of the compound and places for holding celebrations.
The project also features two floors, an underground garage and a social club within the project. It is expected that the project will be launched in five phases and will be delivered after four years of contracting.
Initial investments
He said that the Saudi Mowaffaq Holding Group, represented by Radix Real Estate Development Company, allocated 2.5 billion Egyptian pounds as initial investments for the project, aiming to achieve total sales of 4.5 billion pounds.
He pointed out that the company is seeking the help of UCAC, which is specialized in the field of advanced contracting, for all its projects, in order to provide a distinguished real estate product to clients.
