ArabFinance: Alkarma Developments launched a new project, Alkarma Gates, in El Sheikh Zayed at total investments of EGP 1.8 billion, according to a December 15th press release.
The development is expected to be fully implemented by 2024, the statement noted.
Alkarma Gates’ built-up area represents 13.5% of the overall project, the company added.
The new development includes 180 units of villas, twin houses, and townhouses, according to the statement.
A JLL report on Cairo property market showed that the third quarter of 2020 witnessed a strong performance of rental prices in 6th of October, with an annual increase of 13%. “Many tenants continue to wait for their off-plan properties to complete,” according to the report.
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