Downtown in Alexandria

Name: Sales in Downtown started!
Start: 2021-11-24T07:57:56.212525+00:00
End: 2023-12-31T23:59:59+0000
Location: Downtown

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Construction

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Property for sale in Downtown — look at the real estate search engine GEOLN.COM. Photo 1

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Project info

Object ID: 15888

Finished at	December 2020
Price, m²	From 2000$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 110.00 m²
Floors	7
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Pool Kids playground Near school Near kindergarten Near supermarket Near hospital
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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

220,000$

Net profit

9,376$

Payback period

18.7 years

Avg property value increase per year

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Promos and discounts for Downtown

About the project

Downtown New Alamein is the City’s latest launch, offering residential units in a mixed use buildings while being one of the central commercial and entertainment hubs of the sea area. Bringing high vibrant fully-finished residential units with a wide variety of areas starting from 110m to 330m accompanied by retail units that bring dynamic lifestyle and create an integrated community for our homeowners, along with project amenities that serve the destination with incomparable views and location.

Destined to be an integrated hub, Downtown includes both residential and commercial units. It offers 25 different unit types ranging from 1 bedroom to 4 bedroom apartments. Delivering in 2020, the project will consist of 1,320 fully finished units split over 40 buildings.

Developer

City Edge Developments is Egypt’s National leading real estate developer and development manager. The company established between New Urban …
Details about City Edge Developments