El Riyad Castle Development has launched its flagship project Valore El-Thawra in a huge celebration performed by the super star Mohamed Hamaki
The celebration was attended by the company’s founder and member of the House of Representatives Dr. Ahmed Abdel Mageed, some leaders, ministers, ambassadors and community celebrities.
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Additionally, the celebration was attended by a number of members of Parliament (MP) and politicians, and a number of singers including Rana Samaha, Tarek El-Ibiary, Ahmed Zakaria, Aya Aqil, Nadi Ghaly and makeup artist Dina Ragheb, journalist Muhammad Ali Khair, Dr. Nourhan Qandil, writer Mirna Al-Helbawi and editors-in-chief of a number of newspapers.
Besides, the ceremony was also attended by Simon penhaligan Resident Manager of Concorde Hotels & Resorts, who is responsible for managing serviced apartments within the project, and Moustafa Sobhy, CEO of Namaa PFM for Facilities Management who is responsible for managing commercial and administrative units of the project.
The celebration was presented by the international broadcaster, Raya Abirached for the first time to present a celebration in Egypt’s real estate market, and the project was presented by Tarek Eid, a member of the Board of Directors of El Riyad Castle Development.
The ceremony also witnessed the honoring of Dr. Laila Salem, the founder of Baheya Foundation. She was honored and presented with a contract to be issued in the project in the name of Baheya Foundation, as part of the company’s social responsibility.
For his part, Tarek Eid, member of the Board of Directors of El Riyad Castle Development stated, in his interview with Raya Abirached, that Valore means value and it is the goal of the company. Moreover, the company is trying to bring value to the place by launching the latest projects, Valore El-Thawra, which is located in the most important location in Heliopolis, a strategic location, a very distinguished project was presented with an exceptional return.
Eid said that the Valore El-Thawra is located on 28,800 sqm and comprises residential, administrative and commercial units besides serviced-apartments and entertainment properties located in the best location on El-Thawra main street directly and next to Almaza City Center. The project will be delivered within 3 years.
He pointed out that the offered phase includes 421 units, including 90 commercial stores, 146 administrative offices, and 185 branded residences, with various sizes, and they are offered to customers with distinctive and flexible payment plans that suit target customers.
He added that the company offers various payment plans that have been carefully studied to suit the needs of all target customers, as these systems include 0% down payment and the rest installments over 4 years without interest, 15% down payment and the rest installments over 5 years without interest, and 20% down payment and the rest installments over 6 years without interest. In addition, 30% down payment and the rest over 7 years without interest.
He explained that 30% of the project’s construction work had been completed before it was offered to customers, which reflects the strength of the company’s financial solvency and reliance on self-financing to develop its project. In addition to, enhancing customer confidence and purchasing units in a project that was constructed before marketing it, pointing out that the project includes 622 units of various sizes, consisting of 255 hotel units, 189 administrative offices, and 178 shops.
Moreover, the company has contracted with Namaa PFM for Facilities Management which will manage the project after its operation. Furthermore, a contract was signed with Concord International Hotels Group to provide hotel services and management for the residential units of the project, in addition to renting branded residences to project clients, he elaborated.
“The company continues to contract with other entities within the project to be delivered to customers in the best possible way,” he said.” These contracts increase investment value of the project, meet the needs of target customers, and take into account market competition standards to provide the best in everything within the project.”
He concluded, “ The company is keen to contract with distinguished and powerful entities in all project phases in order to ensure that the project commensurate with the company’s previous business andreputation in real estate market.
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