Karmell SODIC in Cairo

Name: Sales in Karmell SODIC started!
Start: 2021-11-15T12:02:40.299919+00:00
End: 2023-12-31T23:59:59+0000
Location: Karmell SODIC

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Project info

Object ID: 15743

Finished at	June 2023
Price, m²	From 1590$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 80.00 m²
Floors	4
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
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

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

127,200$

Net profit

8,283$

Payback period

12.0 years

Avg property value increase per year

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About the project

It is the latest distinctive residential complex, which has been completed recently, and it is one of the projects offered by Sodic Developments, it is a wonderful choice and a huge destination for anyone looking for a distinctive residential unit in the most distinct areas of Sheikh Zayed, thanks to the design of its units implemented according to the most excellent engineering models and it also has a charming view of the gardens and green spaces.

This project occupies a wonderfully strategic location, as it is located in the most prestigious area of Sheikh Zayed City, which is the Golden Square area, not only this but the Compound is also approaching many prominent projects and important roads include the following:

It is adjacent to Vye Sheikh Zayed Compound.

It is close to Mall of Arabia.

Minutes from Hyper One.

It is very close to Cairo International Airport.

All of this has given the Compound unique advantages, as the vibrancy of the site has ensured that residents enjoy the comfort they want, as access to any place is simple and easy.