Al-Batal Group keeps pace with the state’s plan to offer real estate financing units within the initiative of the Central Bank at an interest rate of 3% and 8%
In line with the state’s strategy to support real estate financing and meet the needs of citizens, Al-Batal Group for Real Estate Development announced the provision of units in its projects in the Fifth and Sixth Settlement of October under the terms of real estate financing for various segments of Egyptian society according to the initiative of the Central Bank at an interest rate of 3% and 8%. Engineer Imad Doss, CEO and Managing Director of Al-Batal Group, confirmed that this step comes within the framework of the company's constant keenness to meet the needs of customers and support the directions of the state, pointing out that the initiatives of the Central Bank for real estate financing have greatly contributed to meeting the needs of a wide sector of customers in the past years. The new presidential initiative will achieve a revival in the real estate sector during the next stage. Doss explained that the company's strategy aims to diversify the services provided, in addition to expanding real estate financing initiatives with the aim of reaching all target segments of the provided service. He stressed that, by signing this step, we seek to complete our plan to delight our customers by participating in the initiatives launched by the Central Bank for real estate financing for medium and above-average housing, and to provide the largest number of customers with the opportunity to benefit from the initiative. He pointed out that the 600 units that are subject to the initiative are located in the "Rock Eden" compound in the sixth of October and the "Rock Vera" compound in the Fifth Settlement. The units' spaces range from 160 to 175 meters, and the price per square meter ranges from 8500 to 9500 pounds, and they are fully finished units ready according to the financing terms. real estate. He also added that the customer will pay a 20% down payment and will get a real estate financing of up to 30 years. In a parallel context, Eng. Emad Doss said that the company had offered these units for the first time to its clients during the Cityscape exhibition that was held last September at the Egypt International Exhibition Center in the Fifth Settlement, in which Al-Batal Group participated in a variety of projects with unprecedented facilities and offers. To encourage investment and in line with Egypt’s vision for sustainable development 2030, Al-Batal Group presented real estate units capable of competing at the global level, and launched a series of various real estate and service projects in east and west Cairo with special offers and facilities for its customers during the exhibition period, which led to a high turnout and visits to the pavilion, which The result was the reservation of many units, and a stunning success. The participation of the "Al-Batal Group for Real Estate Development" in Cityscape 2021 was part of its marketing plan for the current period, through which it aims to participate in many real estate exhibitions and events in various cities and parts of the Arab Republic of Egypt to communicate with the largest segment of target customers. El-Batal Group is one of the largest and most important real estate development companies, with more than 40 years of experience since 1978 in the real estate industry in the Canadian and Egyptian market, whose investments in the Egyptian market currently exceed 11 billion pounds, focusing primarily on providing the real estate market with a number of distinguished real estate projects, varying These projects are between residential, commercial and administrative areas in the most vital and attractive areas for investments in the country, such as the New Administrative Capital - Fifth Settlement - the largest market share in the Sheraton area - Sixth of October - Obour. Social responsibility is also an important part of Al-Batal Group’s components. The company focuses on supporting people of determination and children in Abu Al-Rish Hospitals and 57357. Al-Batal Group focuses on awareness activities and the development of motor and educational skills for people of determination, through partnerships with the Helm Foundation, the Child Center for Creativity and the Rotary Club, To date, more than 800 children have benefited from the company's contributions.
