Actual property developer AlTameer Arabian has achieved 82% of its focused gross sales at its New Administrative capital (NAC) improvement throughout the first half (H1) of 2020, in response to CCO Ahmed Osama.
The corporate achieved 82% of focused gross sales at Rivan New Cairo in H1 of the present 12 months, and 48% of focused gross sales for the 12 months, Osama mentioned.
Rivan, the NAC’s first serviced house undertaking, spans over 17 feddan, and represents the corporate’s debut within the Egyptian market.
The corporate’s achievements come regardless of the repercussions of the novel coronavirus (COVID-19) pandemic on Egypt’s financial system, together with the nation’s actual property sector.
Osama informed Every day Information Egypt that, throughout the pandemic, the corporate has initiated and launched a three-axis technique to cope with the disaster and increase gross sales.
He mentioned that the corporate has labored exhausting to make its luxurious Rivan undertaking, positioned within the New Capital Metropolis (NAC), extra aggressive by reducing unit sizes. The transfer was to make sure a lower within the undertaking’s utilities proportion to 11% as an alternative of the earlier 25%. The scale of flats on the undertaking begins from 68 sqm.
Osama famous that this lower was applied on the again of suggestions offered by new shoppers, with this specific demand that includes prominently throughout the world pandemic.
“We focused on providing a perfect mix of luxury and ultimate privacy at Rivan, the first serviced apartments project in R7 at the NAC,” Osama mentioned, ”The event overlooks the central park, the southern backyard and the Champs Elysees walkway, with all models overlooking inexperienced areas.”
He added that the pandemic was a possibility for the corporate to draw shoppers who’ve expressed curiosity in buying serviced flats on the NAC. AlTameer Arabian is the primary firm to supply this sort of product on the NAC, which has been each well-received by prospects and boosted gross sales on such models.
Osama mentioned, “Although offices and commercial units in the NAC are the most in demand, we worked hard to offer medical properties inside the project, besides commercial units and offices.”
To facilitate buyer requests, the corporate has prolonged the cost interval on models from eight to 10 years with out curiosity, as a result of burdens and pressures the worldwide pandemic has positioned on buyer buying energy.
Moreover, the corporate offered shoppers with a cash-back provide throughout July and August. Osama mentioned that the provide will see prospects make investments with the corporate in an asset that the client owns, while benefiting from an annual 20% return on the entire paid instalments.
He added that the provide held important and useful returns for purchasers, and stimulated the corporate’s gross sales throughout the provide interval.
“AlTameer Arabian is very keen on building a solid relationship with its clients as it is a relationship of partners, rather than buyer and seller,” Osama mentioned, “Moreover, we reach our loyal clients through committing to scheduled implementation plans and on-site works, in addition to, using technology and social media in contacting with clients.”
He added, “Some customers were late in paying instalments as a result of the crisis, and as a result, the company has postponed collecting dues owed by many customers for a period of three months without interest.”
Osama confused that Egypt’s actual property market is actively engaged in offering numerous actions and alternatives at their developments and properties.
As a strategy to stimulate gross sales, AlTameer Arabian will take part within the Cityscape exhibition in November, along with an exhibition organised by the corporate in Alexandria in the beginning of subsequent month. The corporate can also be set to participate in exhibitions in Kuwait and Saudi Arabia which had beforehand been postponed, Osama disclosed.
The services offered to builders by the Administrative Capital for City Improvement (ACUD) and the New City Communities Authority (NUCA) have assisted them in facilitated cost methods for shoppers, Osama concluded.