Metropolis Edge Developments has, as a result of novel coronavirus (COVID-19) pandemic, launched a variety of revolutionary digital options this summer time at its mega nationwide mission, New Alamein Metropolis.
The corporate has established itself as Egypt’s main nationwide developer and the federal government’s important actual property sector arm, and serves because the dealing with growth consultancy for gross sales and advertising and marketing of various nationwide initiatives focusing on varied sectors.
To introduce its North Coast mission, the corporate has launched a digital tour of New Alamein Metropolis by adapting superior VR expertise. The transfer was put in place to ease viewing capabilities for shoppers and buyers, with out their having to be bodily current on-site, and to take note of precautionary measures as a result of pandemic.
The digital tour has additionally been designed to offer shoppers and buyers with an instantaneous sense of possession, permitting them to expertise the situation of all items remotely. Because of this shoppers will be capable of nearly go to items and expertise the environment with out the necessity for his or her bodily presence, giving them a way of autonomy and private connection.
The digital tour has additionally been touted as a method of attracting regional buyers, particularly provided that worldwide journey stays tough.
“Technology integration in managing real estate projects is one of our top priorities, as it is the future of real estate,” Metropolis Edge CEO Mohamed Mekawy stated. “Additionally, City Edge has shifted to rely on digital marketing through its social media platforms.”
Mekawy famous that the present world well being disaster has pushed many sectors to concentrate on varied and revolutionary digital options, emphasising the significance of digital transformation. The actual property sector has witnessed a lot technological development all through this era, together with the implementation of 3-D modelling expertise to permit shoppers to be only one click on away from viewing their items or the general mission.
“We, at City Edge, are highly aware of the payment difficulties imposed on the real estate market by the COVID-19 crisis, so we were keen to offer our clients various options that are intended to facilitate the overall payment plan,” Mekawy stated. “We are offering different payment plans for all our various projects, including a seven-year payment plan in New Alamein City for Mazarine and the Gate Towers, a 10-year payment plan for Downtown in New Alamein, and a special offer for Etapa in Sheikh Zayed City that will introduce a 0% down payment and equal instalments over 10 years.”
Mekawy added that the corporate has additionally just lately signed protocols with Al Aoula for Actual Property Mortgage Finance and the Suez Canal Bank (SCB), to tailor completely different cost plans for potential patrons and buyers in Metropolis Edge initiatives.
One in every of these plans will happen by the Central Bank of Egypt (CBE) mortgage finance provide. In accordance the protocol, the CBE will present completely different cost plans for Metropolis Edge clients by three techniques.
The primary consists of offering actual property financing with an instalment interval extending over 20 years, and at a minimal deposit of 20%.
The second system consists of the availability of assorted cost plans, for items not included within the CBE initiative, of as much as 10 years in accordance with the true property mortgage finance legislation. The third system affords varied instalment durations of as much as 10 years, offered the contracting shoppers needs to promote items to others in line with the re-sale system.
Mekawy added that shoppers are more likely to require a special set of wants following the COVID-19 pandemic, with the tendency in direction of communities with massive, open areas. It will take note of the shift in buyer wants in direction of gardens and residential workplace areas, together with authorities, business and telecommunication community services.
He famous that this might come along with an inevitable change in administrative constructing house, because the new norm will probably be smaller workplace areas. The business and retail sectors are additionally set to be affected by the pandemic, as e-commerce grows in recognition worldwide.
He added that business workplace areas are anticipated to endure vital adjustments, as working from residence turns into the brand new norm, reasonably than the exception, for sure industries.
“We need to look more into the hospitality sector though the introduction of serviced apartments and branded residences as this will encourage foreign travel and investment,” Mekawy stated.