Egypt’s real estate developer Deals Investment Group (DIG) has launched Track 10 and Track 14 projects in the New Administrative Capital, with total expected sales of approximately EGP 1.2bn.
Chairperson of DIG Hussein Salah said that Track 10 and Track 14 projects are located in the Downtown area, adding that the company aims to increase its investments to EGP 2bn by Q2, and plans to debut two new projects by the end of 2022.
Salah noted that DIG also owns a brokerage company beside a sister development company that develops projects in West Cairo, and pointed out that DIG recently acquired Infinity Developments, which owns commercial projects in New Capital.
He revealed that the DIG eyes expanding in the coming period by including new entities, and highlighted that the current period is encouraging to invest in real estate, and this is the main reason that motivated the company to announce its expansion plan.
For his part, Chief Sales Officer of DIG Bassam Saeed said that the Track 10 project is a mixed-use project comprising commercial, administrative, and medical units. The project is located on 2,500 sqm, with expected sales worth approximately EGP 450m. The project consists of G+10 floors, and it is scheduled to be delivered in 2025.
Track 14 is a mixed-use project that includes commercial, administrative, and medical units, is situated on 2,500 sqm, and consists of a ground and 14 floors.
The company plans to deliver the Track 14 mall in 2025, he said, pointing out that the company eyes EGP 750m of sales revenues.
Vice Chairperson of DIG Hany Helmy stated that the group aspires to become a real estate investment destination that leads and directs the Egyptian real estate market towards a better and more sustainable future by providing high-quality services and projects with the highest investment return for our customers and providing the best work environment for our employees.
