Maalem Group to deliver number of residential projects in 2017

Egypt-based construction company Maalem Group for real estate development is set to deliver number of residential projects in the Fifth Settlement by the beginning of 2017, its marketing manager Islam Amer said Wednesday.

The projects include 12 residential towers in New Cairo, three of which would be delivered in 2017, Amer noted.

The total number of residential units in the new buildings is estimated at 128,000 units with various spaces starting from 4200 Egyptian pounds per meter.

Amer added that his company is seeking to increase its volume of business in New Cairo through establishing an integrated residential compound after getting a plot of land during the upcoming phase.

Moreover, Amer that expected the local real estate would witness high demand for housing units during the Summer season.