Mazarine in Alexandria

Name: Sales in Mazarine started!
Start: 2021-11-24T10:03:16.998748+00:00
End: 2023-12-31T23:59:59+0000
Location: Mazarine

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Project info

Object ID: 15890

Finished at	August 2022
Price, m²	From 1715$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Villa
Square	from 167.00 m²
Floors	3
Apartments	72
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Fitness Pool 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

286,405$

Net profit

9,376$

Payback period

24.4 years

Avg property value increase per year

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About the project

As one of its high-quality projects, City Edge Real Estate Development has launched its new project, Mazarine New Alamein, which is designed at the latest model and is the first to be built on a large area of 702 acres.

It also features several artificial lakes, vast green areas, and many facilities, as well as its unique location in the heart of the new City of Alamein, which is already the promising future of the North Coast region.

The word "Mazarine" means dark blue shadows and the compound is the new challenge for City Edge, as for the first time you'll find a project with chalets, villas, and twin houses.

Join the owners of this compound and enjoy a holiday full of luxury services in Egypt's most prestigious region.

The compound was designed over a space of 702 acres and buildings on a space of 72 acres with magnificent designs, the buildings were built in the form of a U with a mile angle allowing all units to see the sea, the buildings were built on an area of only 20% and the rest of the area is dedicated to services, water bodies, and green spaces.

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