Developer X, a subsidiary of the Shoura Group, has launched “Muse The Strip”, its latest project in New Cairo, in cooperation with Saad Eldin Group.
Ashraf El-Shiaty, Chairperson of Shoura Group, said that, through Developer X, his company is looking to develop projects that fit its expertise in real estate development.
These projects would suit the needs of the company’s target customers, and look to exploit its large and distinctive land portfolio.
El-Shiaty noted that the new project has been implemented in partnership with Saad Eldin Group.
Shoura Group is constantly looking to cooperate with successful partners to develop projects that match its history, he explained.
Mohamed Saad Eldin, Chairperson of Saad Eldin Group, said that the partnership to construct a distinguished project in New Cairo is a continuation of several strong projects that were previously implemented.
Saad Eldin added that the partnership with Shoura Group includes full cooperation to develop “Muse The Strip” in New Cairo. The plan is to deliver the project within three years, with Al Jazeera Al Arabia Company undertaking the construction works, he noted.
Lina Iskandar, Head of Sales Operations at Developer X, said that the project is situated on an area of 15,000 sqm. It is divided into three commercial floors taking up 10,000 sqm, and two administrative floors taking up 5,000 sqm. Additionally, the project includes two garage floors with parking spaces for about 420 cars.
The project consists of six buildings located in the heart of Street 90, in the Fifth Settlement area of New Cairo.
Iskander added that the company offers different payment systems that suit the needs of all customers, starting with a 10% down payment and equal instalments of up to eight years. This leads up to an increase in returns on investments in the project.
The company offers the possibility of renting a unit for the benefit of the client, in order to achieve a high rental return on the unit, which preserves the client’s investment.
There is a large demand on the first phase of the project by investors based in Egypt and abroad, Iskander noted.
