Egypt property firm Azmeel Group delivers 10 buildings worth $45 mln
Egypt-based real estate firm, Azmeel Group is set to deliver 10 buildings the Fifth Settlement (El-Tagamu El Khames) with total investments worth 400 million Egyptian pounds ($45 million).
Its Managing Director Ahmed Shahin said that the buildings house a total of 250 homes ranging between 130 and 350 m2, with cost per meter between 4500 and 8000.
The company has adopted the separate building strategy to better meet market needs, to reduce risk by spreading investments over different projects in different areas and provide a faster return on investment, Shahin noted.
