Rhodes in Cairo

Name: Sales in Rhodes started!
Start: 2021-11-11T07:35:23.910640+00:00
End: 2023-12-31T23:59:59+0000
Location: Rhodes

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Project info

Object ID: 15654

Finished at	December 2022
Price, m²	From 360$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 290.00 m²
Floors	8
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Fitness Pool Commercial area Kids playground Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

104,400$

Net profit

9,376$

Payback period

8.9 years

Avg property value increase per year

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About the project

The New Administrative Capital project is one of the most important modern projects, which aims to move the Capital to a new place, in order to reduce the population burden on Cairo, reduce traffic congestion, and contribute to the creation of many jobs, in addition to creating a smart life commensurate with the requirements of the times. The New Administrative Capital is 60 km from the heart of Cairo, as well as 60 km from Ain Sokhna and Suez. The New Administrative Capital is about 170,000 acres. The initial phase is planned to accommodate 7 million people and will contain a ministry area, conference centers, and a number of educational centers and medical services. The New Administrative Capital is one of the most attractive new cities for domestic and foreign investments.

Rhodes Compound is one of the largest projects in the New Administrative Capital. It is built on a huge area and consists of a large number of residential units. The project is being implemented by Plaza Gardens Development, which has a long experience in construction, we will learn them in detail.