Egyptian property firm Azmeel Group has units worth $67mn in Egypt

Egypt-based real estate firm, Azmeel Group has available housing units worth 100 million Egyptian pounds in the Fifth Settlement-New Cairo, as well as units worth 500 million pounds in Selena Bay-Hurghada, according to its sales manager Mohammed Mustafa.

The Selena Bay project started in 2016 and offers 55 sqm chalets, as well as villas and luxury villas that reach 1,500 sqm with a swimming pool, Mustafa added. Azmeel will conclude Phase 1 of Selena Bay in January 2017, and Phase 2 will be completed in January 2019, he stated.

Azmeel’s housing units in Fifth Settlement are situated in the Andalus, Al-Koronfol, and Al-Mostashareen districts, among others. Their prices range from  6,000 pounds to  8,500 pounds per sqm, Mustafa added.

He explained: “We offer our clients the option of paying deposits that start from 10% of the original price for housing units in Fifth Settlement and Selena Bay.”

50% of the total units at Selena Bay have been sold by now, he stated.

Mustafa also said that clients who buy a unit in Fifth Settlement can enter a draw to win a chalet in Selena Bay.

Additionally, Mustafa explained that Azmeel is exploring the option of expanding in the North Coast, Ain Sokhna, and Ras Sedr. “We will choose the option that is best for our investments,” he stated.

source: Daily news Egypt