Lake Residence in Cairo

Name: Sales in Lake Residence started!
Start: 2021-11-16T11:07:21.705229+00:00
End: 2023-12-31T23:59:59+0000
Location: Lake Residence

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Project info

Object ID: 15765

Finished at	February 2023
Price, m²	From 1970$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 48.00 m²
Floors	5
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Fitness Pool Kids playground Near supermarket
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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

94,560$

Net profit

6,783$

Payback period

10.5 years

Avg property value increase per year

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About the project

The compound is considered one of the most important projects of Al Marasem Development, and it is one of the largest companies in the field of real estate development in Egypt, and it has implemented many important projects.

The compound is characterized by its strategic location in the heart of New Cairo near all the main roads and axes, the compound was built on a large area of 20,850 square meters and has many services and countless features in addition to green areas and water bodies.

The compound offers many payment and payment methods that suit everyone.

New Cairo is one of the most prestigious cities in Cairo, characterized by calmness and low population density, and there are many schools, universities, clubs, and residential compounds such as Landmark and Swan Lake.

Developer

Al Marasem International for Development was established in Egypt in 1997. Since its inception, it has been on a mission to become one of Eg…
Details about Al Marasem