Alma in Cairo

Name: Sales in Alma started!
Start: 2021-11-25T06:27:59.320690+00:00
End: 2023-12-31T23:59:59+0000
Location: Alma

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Project info

Object ID: 15909

Finished at	March 2023
Price, m²	From 600$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 262.00 m²
Floors	4
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Pool Kids playground Near supermarket
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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

157,200$

Net profit

9,376$

Payback period

13.4 years

Avg property value increase per year

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About the project

It is an integrated compound in the heart of 6th of October city with a high level of luxury and splendor, one of the first projects of Iwan Developments, the project contains high dimensions of technological development and quality reflected in its various residential units of houses and villas, where all operational, organizational and technical efforts have been harnessed to be a distinctive example of real estate development in Egypt.

It is located in the heart of Sheikh Zayed City in one of the highest neighborhoods in 6 October, steps from important projects including Americana Plaza, Capital Park, Green Center.

The best strategic location was chosen near the most important areas where Alma Sheikh Zayed connects to several main roads, including 26 July axis, as well as its presence minutes away from the Central System of Sheikh Zayed City, as well as it is close to a number of specialized services such as Global Hospital and Sheikh Zayed Hospital, as well as being just steps away from banks and banking offices.

Developer

Established in 2004, IWAN Developments is a leading Egyptian real estate development shareholding company. Founded on the vision of developi…
Details about Iwan Developments