Mountain View Icity in Cairo

Name: Sales in Mountain View Icity started!
Start: 2021-11-25T10:30:30.824826+00:00
End: 2023-12-31T23:59:59+0000
Location: Mountain View Icity

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Project info

Object ID: 15923

Finished at	December 2021
Price, m²	From 630$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 180.00 m²
Floors	6
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Pool Kids playground Near supermarket
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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

113,400$

Net profit

9,376$

Payback period

9.6 years

Avg property value increase per year

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About the project

Conveniently located five minutes away from the well-known Juhayna Square, two minutes away from the Shooting Club, and three minutes away from Mall of Arabia, iCIty is easily accessible through West Cairo’s main roads. Just a few kilometers from the 26th of July axis, it is a short drive from the Cairene city center and ring road, connecting it to all sides of the capital. iCity is at the heart of 6th October City, minutes away from world-class hospitals and schools as well as everyday conveniences.

Developer

Driven by innovation, Mountain View for development and real estate investment is among Egypt’s leading private property development compani…
Details about Mountain View Developments