El Batal Developments launches $125m Rock White project in New Heliopolis City, Egypt, expanding their presence in East Cairo with 770 residential units and commercial services.
El Batal Developments has announced its 2024 expansion plans with the launch of the Rock White compound in New Heliopolis City. This project, representing an investment of EGP 6 billion, is part of the company’s strategy to expand its presence in East Cairo.
THE ROCK WHITE PROJECT DETAILS
The Rock White compound covers 25.52 feddans in New Heliopolis City. It is well positioned only one minute from the Suez Road and directly on the Baron Axis. This location offers easy access to Cairo International Airport. Additionally, essential health, educational, and sports facilities are nearby.
DEVELOPMENT OVER OF THE ROCK WHITE PROJECT
El Batal Developments, along with the National Asset Management and Investment Company, will manage the Rock White project. They will oversee development, construction, and marketing. But, the project will use only 10% of the land for buildings with a total built-up area of 116,000 sqm. Then over 30,000 sqm is for commercial services, green spaces, gardens, and landscaping.
RESIDENTIAL REAL ESTATE OFFERINGS
The Rock White compound features 30 buildings housing 770 fully finished residential units. Unit sizes range from 117 to 236 sqm, catering to diverse customer preferences and needs.
El Batal Developments aims to start delivering units at the Rock White compound by December 2028. Initiation of the project will take place in four sales phases too.
A STRATEGIC PARTNERSHIP
Sharif Samy, Chairperson of the National Asset Management and Investment Company, emphasized the strategic importance of the Rock White project. He pointed out its prime location in New Heliopolis City's ninth district. This land belongs to the National Asset Management and Investment Company.
ABOUT THE NATIONAL ASSET MANAGEMENT & INVESTMENT COMPANY
Established in 2008, the National Asset Management and Investment Company is an Egyptian joint-stock company affiliated with the Ministry of Public Business Sector. It specializes in asset management, real estate investment, evaluation, and marketing.
EL BATAL DEVELOPMENTS FINANCIAL GOALS
Emad Doss, CEO and Managing Director of El Batal Developments said the company plans to reach sales of about EGP 4 billion from its projects in 2024. This goal follows the total sales of EGP 3 billion achieved in 2023. He emphasised the company's growth trajectory and its aim to surpass previous sales figures.
STRONG AMBITIONS FOR THE ROCK WHITE PROJECT
The Rock White project shows El Batal Developments' commitment to growing in Egypt's real estate market. They aim to meet the rising demand for quality homes in key locations. This project also highlights their effort to expand and serve more customers, outlining a positive future ahead.
Ryan Keeler | Jul 17, 2024
