According to Invest-Gate, Arabisk Real Estate Development is planning the construction of three projects with a system of guaranteed rental income in different districts of El Shorouk.
El Shorouk is an emerging suburb located to the northeast of Cairo and to the north of New Cairo. This is one of the innovative cities of the “third generation” created following an instruction of Prime Minister of Egypt in 1995. El Shorouk is famous for its lush green gardens and marvelous architecture.
Arabisk is going to build a commercial building, a healthcare institution, and a bank here.
Abdel Hamid Al-Wazir, Chairman at Arabisk Real Estate Development Company, notes that the company is currently expanding, launching various projects, and diversifying its portfolio in several new cities.
The system of guaranteed rental income offered within this project means that the developer undertakes to lease a residence after the buyer purchases it. This is beneficial for clients who will own residential properties and receive a monthly return on their investment over a long time.
Al-Wazir also commented that the ratio of the leasehold value and the rental income would be fair and would match the property’s location and value-added drivers.