Farida Towers in Cairo

Name: Sales in Farida Towers started!
Start: 2021-11-09T11:00:05.389834+00:00
End: 2023-12-31T23:59:59+0000
Location: Farida Towers

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Project info

Object ID: 15614

Finished at	December 2021
Price, m²	From 3120$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 89.00 m²
Floors	4
Apartments	35
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking 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

277,680$

Net profit

9,376$

Payback period

23.6 years

Avg property value increase per year

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About the project

Farida Towers is one of the giant projects established by Palmyr for Real Estate Investment and Project Management in the tourist capital in the Sixth of October City, and it is one of the leading Egyptian companies in the field of real estate development, construction and construction, as it has completed many investment projects in the field of real estate investment from housing and commercial projects, clinics and offices .

Palmer is one of the leading Egyptian companies in the field of real estate investment, construction and contracting, as it has implemented the most powerful mega projects in the field of real estate development in Egypt and the Middle East. The highest levels of quality and provision of all necessary services to the client.