The Gate Towers in Alexandria

Name: Sales in The Gate Towers started!
Start: 2021-11-24T06:55:52.876371+00:00
End: 2023-12-31T23:59:59+0000
Location: The Gate Towers

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Project info

Object ID: 15881

Finished at	December 2022
Price, m²	From 2200$
Housing class	Business
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 49.00 m²
Floors	44
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

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

107,800$

Net profit

6,783$

Payback period

11.9 years

Avg property value increase per year

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About the project

It is an immortal architectural masterpiece on the most beautiful beaches of the world, tallest North Coast Towers established on 200 acres, it is an integrated residential and commercial city consisting of 44 floors with170 m length for each tower, and the second tallest towers after the towers of Spain on the Mediterranean Sea.

The two towers are the first entry point to the Mediterranean sea as well as to Egypt's northern border, and the towers are in the middle of a road that leads directly to the sea.

It has designed to be like Dubai's famous towers but more creatively, the towers are designed with three different heights, and the towers stand on a platform consisting of 5 floors, with all services of commercial units, a kids area, swimming pools, a gym, garages, and many other services.

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