By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Gold prices drop 1% globally due to measure to contain SVB crisis: Gold Bullion
    Gold prices drop 1% globally due to measure to contain SVB crisis: Gold Bullion
    March 28, 2023
    3.388 million tonnes of fodder worth $1.671bn released from ports in last 6 months: Agriculture Minister
    3.388 million tonnes of fodder worth $1.671bn released from ports in last 6 months: Agriculture Minister
    March 28, 2023
    New salary increase for public employees effective as of 13 April: Finance Minister
    New salary increase for public employees effective as of 13 April: Finance Minister
    March 28, 2023
    Transitional Committee of COP27 holds 1st meeting on ‘Loss and Damage Fund’ in Luxor
    Transitional Committee of COP27 holds 1st meeting on ‘Loss and Damage Fund’ in Luxor
    March 28, 2023
    Huawei, Elsewedy Electric sign MoU in solar energy, EV charging
    Huawei, Elsewedy Electric sign MoU in solar energy, EV charging 
    March 28, 2023
  • Politics
    PoliticsShow More
    Libyan parties agree to unify all state institutions: UN
    Libyan parties agree to unify all state institutions: UN
    March 28, 2023
    Health Ministry to launch campaign to detect chest, lung diseases nationwide
    Health Ministry to launch campaign to detect chest, lung diseases nationwide
    March 28, 2023
    National Dialogue Board of Trustees to resume meetings on 3 May 
    National Dialogue Board of Trustees to resume meetings on 3 May 
    March 28, 2023
    Germany has delivered Leopard 2 tanks to Ukraine: Scholz
    Ukraine gets first batch of Leopard 2 tanks from Germany
    March 28, 2023
    China’s president Xi met with the King of Saudi Arabia Salman bin Abdulaziz Al-Saud in 2017. Reuters/Alamy
    China’s latest diplomatic move will extend its trade, energy, financial and maritime power
    March 27, 2023
  • Interviews
    InterviewsShow More
    Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
    Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
    March 27, 2023
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    March 15, 2023
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    March 12, 2023
    EGX ready for government’s IPOs programme: Chairperson
    EGX ready for government’s IPOs programme: Chairperson
    February 15, 2023
    British International Investment invests $4.5bn in 700 businesses across Africa: Sherine Shohdy
    February 15, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Administrative, commercial units in demand as returns on investments grow
Share
Notification
Latest News
Gold prices drop 1% globally due to measure to contain SVB crisis: Gold Bullion
Gold prices drop 1% globally due to measure to contain SVB crisis: Gold Bullion
Business
3.388 million tonnes of fodder worth $1.671bn released from ports in last 6 months: Agriculture Minister
3.388 million tonnes of fodder worth $1.671bn released from ports in last 6 months: Agriculture Minister
Business
New salary increase for public employees effective as of 13 April: Finance Minister
New salary increase for public employees effective as of 13 April: Finance Minister
Business
Transitional Committee of COP27 holds 1st meeting on ‘Loss and Damage Fund’ in Luxor
Transitional Committee of COP27 holds 1st meeting on ‘Loss and Damage Fund’ in Luxor
Business
Huawei, Elsewedy Electric sign MoU in solar energy, EV charging
Huawei, Elsewedy Electric sign MoU in solar energy, EV charging 
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Real Estate > Administrative, commercial units in demand as returns on investments grow
Real Estate

Administrative, commercial units in demand as returns on investments grow

Daily News Egypt
Last updated: 2022/03/07 at 3:06 AM
By Daily News Egypt 2 Min Read
Share
SHARE

Al-Batal Group Developments announced the development of administrative, commercial, and medical units in east and west Cairo through the company’s projects ‘Rock Elite’ and ‘Rock Vera’ in the Fifth Settlement, New Cairo; ‘Rock Eden’ in Sixth of October City; ‘Rock Capital 1’ in the New Administrative Capital (NAC); ‘Rock Ville’ in Obour City; and others in Heliopolis’ Sheraton district.

The step came as a result of the increasing demand on administrative and commercial units in the Egyptian real estate market, as they have increasing returns on investments, in addition to multinational companies’ demand for administrative headquarters, and a general need for other projects due to the urban sprawl taking place in Cairo.

Al-Batal Group CEO Emad Doss stated that the market research conducted by the company displayed that there is an increasing demand on these targeted segments, adding that the company collaborated with some engineering consultants to build distinctive projects with high investment returns to customers.

He also stated that commercial units in Egypt achieve high returns on investments, pointing out that returns from commercial and administrative units could reach up to 27% after one year of delivery.

The company’s CEO further elaborated that there are immediate delivery units after contracting, with instalments up to six years.

Al-Batal Group’s projects are located in east and west Cairo, with areas ranging from 40 to 9,000 sqm, and distinctive services that could comply with the needs of all international trademarks, restaurants, banks, and multinational companies.

Rock Capital 1 in the NAC is the latest administrative complex. The project is built over a total area of 21,581 sqm, with a total built area of 100,000 sqm. The complex is comprised of administrative units with different areas — from 50 to 9,000 sqm per floor. It also includes two underground floors that are 22,000 sqm and are equipped for electric cars, a ground floor, seven stories, and 4,000 sqm of green spaces.

You Might Also Like

TMG declares EGP 400m in dividends for 2022

Strong presence of Egypt’s real estate developers in MIPIM in Cannes

Raaed Developments launches ROOTS compound in New Sohag with EGP 1.8bn investment

Tatweer Misr signs MoU with Saudi Arabia to facilitate investment opportunities in Kingdom

DNE Awards honours Saudi Egyptian Developers for “Best diversified 50 landmark projects developed within 50 years”

TAGGED: Al-Batal Group Developments
Share this Article
Facebook Twitter Email Print
Previous Article Modon Developments to establish Green River Tower in NAC with EGP 4.5bn investment
Next Article Dutch Ambassador in Cairo Han-Maurits Schaapveld Netherlands nurtures opportunities for cooperation in water management, agriculture with Egypt: Dutch ambassador
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Gold prices drop 1% globally due to measure to contain SVB crisis: Gold Bullion
Gold prices drop 1% globally due to measure to contain SVB crisis: Gold Bullion
Business
3.388 million tonnes of fodder worth $1.671bn released from ports in last 6 months: Agriculture Minister
3.388 million tonnes of fodder worth $1.671bn released from ports in last 6 months: Agriculture Minister
Business
New salary increase for public employees effective as of 13 April: Finance Minister
New salary increase for public employees effective as of 13 April: Finance Minister
Business
Transitional Committee of COP27 holds 1st meeting on ‘Loss and Damage Fund’ in Luxor
Transitional Committee of COP27 holds 1st meeting on ‘Loss and Damage Fund’ in Luxor
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?