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• Innovative plan aims to rejuvenate Egyptian real estate market and emphasize AlMarasem’s commitment to clients
• Partnership plan based on a 50%-50% split ownership of unit value between investors and AlMarasem for Assets Management
• Fifth Square now fully integrated with the launch of Lake Residence offering top-notch serviced residences
Cairo, 8 May 2019 ̶̶̶̶̶ Driven by its integration-based growth strategy, AlMarasem Developmentannounced the launch of its latest real estate investment plan, “Partners, not Only Clients” complementing Fifth Square, its inaugural real estate project launched in Cairo’s 5th Settlement in 2017 and scheduled for delivery in 2020 (Phase I).This cutting-edge investment plan leverages the security as well as the short, medium and long-term profitability of real estate investment.
AlMarasem considers luxury residential compounds offering first-rate services an ideal investment, owing to higher returns from resale or high rental yields. The high value of capital needed may prevent clients from investing in high-return real estate assets, but AlMarasem’s ‘Partnership’ plan successfully overcomes this challenge with lower capital requirements.
Investors cover the partnership cost via paying 50% of the unit value, while AlMarasem for Assets Management owns the remaining 50%. AlMarasem’s ownership of a 50% stake of the project makes it a solid investment partner with a focus on asset acquisition, development and management. By partnering with AlMarasem for Assets Management, investors thus become stakeholders in a high-return project valued atover EGP 1.4 billion.
Benefits of AlMarasem Development’s investment planinclude:
1. Payment of 50% of the unit’s value over a 4-year period, relieving the financial burden on investors.
2. Investing in an exclusive asset located within the premises of the ‘Golden Square’ in New Cairo close to residential, business and commercial clusters, guaranteeing a high rate of return.
3. Opening up the doors to investing in mega projects for investors with limited liquidity and investment experience.
4. Delivery of the ‘in-partnership’ unit within specified timelines guaranteed by AlMarasem Development’s renowned reliability and 50% project stake.
5. Resale of investors’ 50% of units is allowed before or during delivery at market price, anticipated to appreciate by 10%-15% annually because:
a. Exclusive units with impeccable service standards areamong local and international investors’ preferred assets
b. Theplan’s flexibility allowsinvestors to sell, rent or buy the remaining 50% of the unit upon delivery.
6. The remaining 50% of the unit can be purchased by investors in the future at the same contractual value as an additional partner benefit.
AlMarasem Development said its ‘Partnership’ plan is aimed at rejuvenating the Egyptian real estate market and addressing the rise in supply versus demand fueled by the large volume ofdeveloper-led projectsusing lucrative pricing and extended payment plans to appeal to clients. This however, entails the risk of developers not meeting delivery timelines, as well as sub-par quality products.
For investors, AlMarasem Developments’track record in the market, spanning over 22 years, makes it a trusted investment partner and developer.The company’s commitment and credibility will continue to underpin its real estate investment projects.
In line with AlMarasem Developments’ integrative vision the company launchedits new project, Lake Residence, within its Fifth Square development, providing clients with the highest quality finished units fully equipped with ACs and appliances.
Lake Residence’s serviced unitsoffer exclusive luxury services and benefits includinga fresh water lake surrounded by two beaches with North Coast sands; sports and entertainment facilities featuring courts, a running track, a gym as well as restaurants, coffee shops, a children’s nursery and play area, high speed internet and parking garages.
Services including housekeeping and security are provided by international operator ensuring operational efficiency. A centralized unit caters to reservations and bookings, and administrative service providers handle rent management. Ultimately, Lakeside Residence guarantees an exclusive experience with unparalleled benefits for the most discerning residents and investors.
AlMarasem Media Relations
Asmaa Ghonem
Media Relations Executive
+202 7372 061 (direct)
+20 100 558 7865 (mobile)
a.ghonem@vantage.com.eg