El Mansour Development announced that it has redeveloped 30-acre Sarayat El Kattameya project with investments exceeding EGP 800m.
Chairman of El Mansour Development Mohamed Mansour said that the project comprises 3,800 housing units, added that the company is currently developing it to restore its splendor and aesthetic features and to maintain its investment value.
Mansour noted that development work focused on optimal use of available spaces, whether inside units or within public spaces in the project, so that all available spaces are utilized.
He further pointed out that the project’s public utilities will be carried out within 6 months, which has been started during the current period.
Furthermore, Sarayat El Kattameya project is distinguished by its prime geographical location in the heart of Cairo on Maadi Ring Road, which makes it a starting point for all main road axes, linking them with New Administrative Capital on one side, and Maadi, Nasr City, Heliopolis and downtown on the other side, he explained.
“The company is not only developing new projects, but also focusing on its previous work and maintaining a unique architectural character in its current and future projects, which requires the development of projects that have witnessed environmental changes and a long period of time since their construction to keep pace with developments in real estate development industry,” Mansour elaborated. “The facades of buildings within the project are being unified to have a unified architectural shape and character. Moreover, the interest in renovation of previous projects owned by the company supports our future relations with new clients.”
El Mansour’s chairman noted that the company is carrying out road works and lighting internal streets of the project with the highest levels of quality and efficiency, in addition to landscaping, which is being developed by MNS company, a subsidiary of El Mansour Group.
He stressed that the company has an integrated plan to take care of its previous projects in parallel with the development of new projects, within the framework of taking care of all its customers, preserving their investments in its projects, and preserving investment value of projects as a whole.
Moreover, El Mansour has contributed significantly to providing various property projects that serve a large segment of customers by developing integrated projects in several areas, namely, Mokattam, Maadi, Nasr City and Kattameya.
El Mansour focused in its projects on the largest segment of real estate market, which is middle-income people that represents the largest proportion of the market and faces a shortage in supply of units that suit their purchasing capabilities. Additionally, the company is interested in studying and determining needs of that segment and meeting them all, he concluded.
© Press Release 2021