North Edge Towers in Alexandria

Name: Sales in North Edge Towers started!
Start: 2021-11-24T07:29:37.447033+00:00
End: 2023-12-31T23:59:59+0000
Location: North Edge Towers

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Project info

Object ID: 15883

Finished at	May 2022
Price, m²	From 2545$
Housing class	Business
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 90.00 m²
Floors	40
Apartments	230
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital
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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

229,050$

Net profit

9,376$

Payback period

19.5 years

Avg property value increase per year

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About the project

NORTH EDGE towers are the pioneering pillars of the New Alamein waterfront with a mission to begin a new era of all-year round living. As the first and only towers in the area, they stand as landmarks of luxurious, self-sufficient homes that don’t close their doors after any season, evolving our perception of the North Coast experience. First row turquoise sea views & a philosophy of convenience through sky high sea side living, NORTH EDGE is nothing short of incomparable.

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