United for Real Estate Development has sold 70% of their available housing units and expect sales to increase 10% by this weekend, said sales manager Ahmed Ghamry during the first day of the Elite Real Estate Exhibition (EREEX) on Tuesday.
“It is only day one and the incoming traffic to the exhibition is not that high since it is mid-week. We hope that through the campaigns executed for the exhibition, we will see higher traffic by the weekend, and we expect sales to increase 80% by then,” Ghamry added.
He said that investments have amounted to EGP 100m and these investments range from under-construction to completed and future projects.
The company is currently working on 15 projects in Fifth Settlement in the South Academy, Banafsag, Lotus, Andalus, Tamr Henna, and Oronfel districts, Ghamry explained.
He added, the apartments and villas that they offer range from 150 sqm to 400 sqm, and the prices range from EGP 4,500-7,500 depending on the location.
Additionally, Ghamry said that the company helps their clients by providing different payment options, such as cash payment or paying 20% deposits with instalments paid over up to four years.
Ghamry said: “the obstacles that face [the company] face everyone in the investment market. Whatever the government orders or issues is applied on every real estate investing company and we adapt to it.”
He also said that the company does not have a problem with the government’s orders and is always able to overcome such problems when they arise.