Delta Capital for Urban Development is one of the real estate development companies that has proven its worth and excellence during the last 8 years. The company contributed to the urban renaissance in Egypt, while remaining distinguished from other real estate companies. Delta Capital conveyed the concept of “new urban development” in the region in a completely different manner compared to the Mediterranean coast in the Delta region, whose value increased greatly as the state established the international coastal road.
Delta Capital had a clear vision in making the best out of this opportunity to establish projects based on ensuring an experience of enjoyment and luxury in the projects of the northern coast to the people of the Delta.
Daily News Egypt sat with the company’s CEO Samy Abdelkader to discuss the company’s experience, its top projects and future plans.
When was the company established? What was your first project in the real estate market?
Delta Capital was established in 2015, with a board of directors of Egyptian investors. It had the aim of implementing exceptional coastal projects in the Delta on the Mediterranean Sea. The company’s initial strategy targeted making it the first real estate developer in the Delta region. The first project was “Marina Delta”. It is a tourist resort established with a completely new concept. It exists 20 kilometers west of the new city of Mansoura, with a direct view of the Mediterranean Sea. Our goal at that time was to take the experience of the North Coast and introduce it to the residents of the main cities of the Delta.
What are the specifications of the projects offered by Delta Capital?
In our project, we seek to offer the latest in the world of modern designs with a variety of products offered. We offer chalets, residential units, and separate villas and Sky Roof units. We also offer units with hotel services. We pay great attention to the entertainment aspect of these projects. For instance, Delta Capital was the first company to implement the idea of a Beach club. It comprises a group of restaurants on the sea and a theater for summer concerts.
The company also took the lead in establishing the longest commercial strip in that project. This is in addition to the green landscape, and a city of games that provide the family with a fun and unique experience to remember.
In order to ensure high levels of security in our projects, the entire area of the project is covered with smart surveillance cameras. We are enthusiastic about making the best use of modern technology, so we launched a mobile application where our customers and residents can easily access our services.
How much is the company’s land portfolio? Is it obtained in partnership with other owners or through government agencies?
The company has board of directors, who are well-known names in the market. Additionally, the company owns a large portfolio of lands on the international coastal strip, sufficient to implement projects for at least 10 years.
How many projects has Delta Capital launched so far? What are your plans for the future?
We have two projects that have been fully delivered and operated. They are “Marina Delta” and “Marina Delta Lagoons”. They span an area of 90 feddan with a total of 4,000 units. We also have our “Blue Beach” project which is currently under construction. It was launched last year, and made high sales. We plan to launch our fourth project next year.
Tell us more about the “Blue Beach” project?
It is the company’s third project on the International Coastal Road, with a total of 2,000 units. This project is characterized by the special “Sky Roof”. It is a unit located on the top floor, with a roof offering a panoramic view of the sea. This project also offers several other advantages, including vast greenery, swimming pools and children’s areas, and a shopping mall. It was launched last year with total sales estimated at EGP 4bn. The entire first phase was marketed immediately after its launch, and it accounts for 40% of the project. Soon, the sales for the second phase will open, as we will have completed about 80% of the project.
How much has been the company’s total sales so far?
The total volume of sales for the three projects are valued at EGP 7.5bn. During the past year, sales amounted to EGP 1.3b. Our projects are met with great demand from customers, especially the owners of units in our other projects. These make up 60% of the sales of the new project. This shows the great confidence our customers have in us.
In your opinion, what are the most important reasons for customers’ demand to buy units in Delta Capital?
There are many reasons. The top one is the great confidence that the company has managed to gain in its few years of operation. This is all thanks to the quality of the products it provides, as well as the contract with one of the leading companies in the field of project management, “Hawks”. It is responsible for providing security and maintenance services for all parts of the project in order to preserve the value of the unit. The second thing is the high return on investment in our project. It is the highest in the Delta region. The first project was launched at about EGP 500,000 pounds per unit seven years ago. Currently, the value of that unit exceeds EGP 3-5m on average.
Moreover, our project is made to be suitable for living throughout the year, unlike the North Coast region. About 30% of the owners in our project are living in their units. That is because the project is located in the heart of the Delta and is close to five major governorates. In only one hour you can reach your workplace. Additionally, many services and commercial markets are available all the time and throughout the year, not just in summer.
I would like to point out that many do not see the governorates as strong investment opportunities and prefer to focus on Greater Cairo, but I can easily say that the Delta governorates are rich areas with many investment opportunities and a high income rate. Most people prefer real estate as an investment for their savings over any other saving vessels. All companies should do is come up with attractive ideas and good, innovative projects that achieve the aspirations of this category to ensure success. This is what Delta Capital has worked on over the past years.
