Egypt's Maalem to hand over residential projects by 2017

Posted on 22nd July 2016

Egypt-based Maalem Group for real estate development is set to hand over a range of residential projects by the beginning of next year, said a report.

The projects include 12 residential towers in New Cairo, three of which would be delivered in 2017, reported Amwal Alghad, citing the company's marketing manager Islam Amer, according to Tradearabia news report.

"The total number of residential units in the new buildings is estimated at 128,000 units with various spaces starting from E£4,200 ($472) per metre," stated Amer.

Maalem aims to boost its volume of business in New Cairo through the establishment of an integrated residential compound after getting a plot of land during the upcoming phase, he added.

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