“Al-Ahly Sabbour” begins handing over units of the first phase of “Green Square” project
The “Rare” project consists of two phases … and the delivery of the first phase will begin in the third quarter of 2025
Al-Ahly Sabbour, the leading real estate development company in Egypt, announced the launch of its latest project, “Rare”, in “Mostakbal City”.
The project is built on an area of 59 acres and includes 670 townhouses, the construction value is 770 million, and the delivery of the first phase of it is scheduled to begin in the third quarter of 2025 with 306 housing units.
The “Rare” project has a unique location near New Cairo in the west, the New Administrative Capital in the east and Cairo International Airport, and only 37 km east of the capital, Cairo.
The engineer said Ahmed Sabour The CEO of the company about the new project: “Choosing the right location for any project, especially residential, is essential. The project must have a good location that is easily accessible through a network of major roads, and a distinct social infrastructure that includes schools, universities and places for entertainment and enjoyment must be available in it. And this is what “Al-Ahly Sabour” company has already found in Mostakbal City, which is characterized by a master plan that provides an integrated climate and system that meets all needs and is in line with modern life styles.
Sabour emphasized that the company possesses the experience, vision and ability to implement and provide integrated solutions that leave their impact not only on the company’s projects but also on all its neighboring areas.
He added: “The remarkable expansion that Egypt is witnessing in the field of developing fourth-generation cities in various parts of the country, has enabled real estate developers to achieve added value for their projects through partnership with many international experts. Integrated services for our clients residing in our various projects, especially with regard to facilities management services and asset preservation. That is why we focused all our efforts to find the right partner who is able to provide us with his expertise in this field. ”
He referred to the latest partnerships that Al-Ahly Sabour recently concluded with the group,Emirati commitmentTo manage the assets and launch the two companies “Excel” and “Three Sixty”, which will provide a range of facilities management and residential complex management services with international standards to the Egyptian market.
It is worth noting that the deliveries of the first phase of the “Green Square” project developed by “Al-Ahly Sabour” in partnership with the Saudi “Dar Al-Maali” company have already started, and this phase consists of 830 housing units, and the delivery of the second phase is scheduled to begin in June 2021. Thus, the “Green Square” project will be the first project to receive its residents in “Mostakbal City”.
The volume of investments in it is 1.08 billion pounds, and the targeted sales volume reaches 2.08 billion pounds.
The project is built on an area of 80.21 acres and the number of units is 1,167 units, ranging from apartments, duplexes, and townhouses.
Al-Ahly Sabbour has a long record of achievements as one of the most important real estate developers in the real estate sector. For more than 26 years, the company has succeeded in developing 62 real estate projects in various fields, including luxury housing projects, commercial, administrative and tourism projects, sports and social clubs in important vital areas. In Egypt, with a total area exceeding 12 million square meters.
In addition, work on “Al-Ahly Sabour” projects in “Mostakbal City” is progressing in full swing and there is great progress in it, regardless of the launch of the “Rare” project, which will be developed in two phases, and the construction work in both “The Ridge” and “The Layer” projects. And “Layer Park” is running according to its timetables.
The article “Al-Ahly Sabour” launches its latest project, “Rare” in “Mostakbal City,” written in Al-Borsa newspaper.