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Cairo: Mountain View disclosed its third quarter results of 2021, announcing that it achieved contract sales worth EGP 14 bn. With a 220% growth rate, compared to EGP 6.4 bn in sales during the same period last year. The exceptional sales results pinpoints Mountain View’s leading position in the market despite yet another challenging year from the COVID-19 pandemic.
The sky rocketing sales were achieved through the company’s diverse portfolio of projects, with iCity New Cairo project topping the list with total sales amounting to EGP 7 bn in its different phases. Lagoon Park, Mountain Park and its exclusive & innovative iVilla concept, followed by Mountain View Ras El Hekma project, which acquired sales worth EGP 4 bn in Skala phase, becoming one of the largest North Coast projects in terms of sales in 2021. While in West Cairo, iCity October attained contractual sales worth 2 bn in Mountain View Park’s second district “The Lake.” In addition to the administrative project Heartwork in iCity New Cairo, which achieved EGP 1 bn worth of sales through its HQ500 phase, introducing its innovative and distinct concept in the work environment.
Engineer Wael Ezz - Chief Commercial Officer of Mountain View, stated, “We are proud of the success we achieved to date. The sales value during the first 9 months of 2021 reached EGP 14 billion and we aspire to achieve EGP 15 billion by the end of 2021. The innovative projects and unique products that we offer have increased customers’ demand and satisfaction”.
Engineer - Wael Lotfy, Chief Innovation & Marketing Officer & Board member at Mountain View highlighted, “Our strategy is based on achieving added value for clients, by providing premium products quality and implementation. Mountain View won the trust of its clientele base through providing integrated communities in accordance to international standards through global partnerships, positioning it as a forerunner amongst the biggest real estate players in Egypt and the Arab world.”
Mountain View aspires to continue the growth of the company’s sales during the last quarter of this year, from October to December, with forecasts exceeding the sales target of EGP 15 billion during 2021. In light of the boom in the real estate market, and increased customers demand on the company’s diversified portfolio in the East and West of Cairo as well as the coastal projects, in addition to the company's commitment to deliver projects on time with the best quality in terms of design and implementation.
It is noteworthy to mention that Mountain View is working to further expand the company's portfolio by pumping huge investments in the country. In 2021, an area of 870,000 sqm worth EGP 5.8 bn contracted, as well as plans to complete the development over an area of 780,000 sqm within 2021; delivering residential buildings between fully furnished and semi-furnished units, as well as utilities and entertainment facilities, landscape and infrastructure development work worth EGP 4.7 bn
© Press Release 2021
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