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Cairo, Egypt: MARAKEZ has increased its coveted District Five Residences in New Katameya by another 68 acres in addition to the existing 100 acres bringing the total residential land to 168 acres.
“Our flagship project in East Cairo, District Five, is an ambitious integerated development with the key elements we believe are required to craft a vibrant and thriving community.” Said Eng. Basil Ramzy, CEO of MARAKEZ. “Our D5R compound has achieved record sales this year, adding on an unprecedented development rate, encouraged us to grow our residential landbank in New Katameya and increase the offering. With delivery starting this year at D5R coinciding with the first phase of the D5 Mall opening next year.”
MARAKEZ’s award-winning designs and successful track record of delivering superior quality homes to homeowners ahead of schedule has placed MARAKEZ among the industry leaders in a short time. With significant investment in infrastructure to connect the project to Road 90 and the rest of New Cairo, D5 in New Katameya in the Southern extension of New Cairo provides easy access to Downtown Cairo, Maadi, Nasr City, New Capital and Ain El Sokhna.
MARAKEZ brings significant depth and breadth of experience to the Egyptian commercial, retail, and residential real estate landscape while creating thousands of job opportunities for Egyptians. The company’s award-winning approach to mixed-use development is based on innovation and ingenuity.
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About MARAKEZ for Real Estate Investment
MARAKEZ is a subsidiary of the Saudi Arabian conglomerate and largest mall developer and operator in the region – The Fawaz AlHokair Group. MARAKEZ is one of the largest mixed-use developers in Egypt with a portfolio of projects with one of the highest recurring revenue profiles in the country. Anchored by the flagship Mall of Arabia in West Cairo, MARAKEZ projects include the first residential towers in 6thOctober, AEON, as well as D5 Mall, Mindhaus and District Five residential project in New Katameya. In addition to the opening of Mall of Tanta in 2019, Town Center in 2020 and the upcoming opening of Mall of Mansoura.
For more information, please visit:
www.marakez.net
www.fawazalhokair.com
www.arabiancentres.com
© Press Release 2021
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