Beta Egypt develops resale mechanism in collaboration with REMAX-RFM

Shaimaa Al-Aees
3 Min Read

Beta Egypt for Urban Development has signed a cooperation agreement with real estate agency REMAX-RFM providing resale or rent services to clients in various Beta Egypt projects.

Tarek El Moghazi, vice managing director for financial affairs at Beta Egypt, said that the cooperation with REMAX-RFM aims to provide resale and rent services to Beta Egypt’s customers professionally to ensure the client achieve the target returns from investment in his units without incurring any trouble. It also aims to provide diverse facilities for customers.

El Moghazi added that REMAX-RFM will provide customers wishing to resell the units with multiple services to prepare a fair evaluation of the unit, ensuring its sale as soon as possible at proper legal procedures to save time and effort.

REMAX-RFM has signed multiple protocols with banks and mortgage finance companies to provide mortgage financing for the unit’s buyers who have been unable to repay the value of resold unit in cash in recent years, El Moghazi noted.

He pointed out that the protocol between Beta Egypt and REMAX-RFM provide Beta Egypt’s customers with services to facilitate renting their units in a way to ensure the highest returns.

“Beta Egypt is keen to develop all types of services provided to customers in the company’s projects, whether related to the management of projects after sale or maintenance of buildings, in addition to resale services,” El Moghazi explained.

REMAX-RFM has been present in many countries for more than 45 years with more than 7,900 offices worldwide, owned and managed by the franchise, and more than 120,000 sales partners in more than 100 countries.

REMAX-RFM Egypt recently established its headquarters at Beta Egypt’s Golf Corner mall in Hadayek October district, Sixth of October city, which is scheduled to be inaugurated in December.

Golf Corner mall is being developed by Beta Egypt for Urban Development and is located on a total area of 6,000 sqm. The gross leasable area (GLA) of the mall is 7,000 sqm, with a total investment of EGP 200m.

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