Invest In New Cairo, Egypt
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Presented on 09/12/2008 By Ricky Bajwa International Property Consultant Damac Properties UK Level 19, 40 Bank Street Canary Wharf London, E14 5NR United Kingdom Tel: +44(0) 207 719 6036 Mob: +44 (0) 7500 609 497 Fax: +44 (0) 207 719 6001
Contents 1.0
Why Egypt
1.1
Why Damac
2.0
The Development
2.1
Facilities
3.0
The Location
4.0
Investment opportunity
1.0 Why Egypt?
Reasons Why Egypt is an Intelligent Property Investment Location
Low property prices starting at around £40k Year-on-year capital appreciation of between 20-30%. Beautiful, well established tourist hotspots suitable for varied tourist interests, from excellent diving and snorkeling to cultural and historical locations Stunning natural and unspoilt landscape Steady annual growth in tourist figures Less property taxes than paid in the UK. No capital gains tax British residents avoid inheritance tax on any Egyptian properties Warm desert climate with temperatures ranging from 14°C in winter to 30°C in summer Year-round tourist season Politically stable country Strong economic growth and inward investment creating a rich investment climate. Well renowned developers creating luxury resorts to cater for Egypt’s new influx of international tourists Easy air access from many European destinations makes Egypt an ever popular medium haul holiday location Cairo International airport is being modernized and a new terminal is to be built by early 2007 Relatively low cost of living and maintenance costs English is widely spoken, after Arabic
Foreign purchasers have the right to own real estate and land in Egypt. Today the government recognizes the great value foreign investors in property have for the success of the economy and have set about actively encouraging overseas buyers to Egypt. New laws have been established to make the Egyptian property purchase procedure more secure. For example, the government can no longer impound or nationalize any property they wish – a practice that stood for centuries. These changes, along with a few others, are increasing confidence amongst overseas buyers. We will gladly guide your through the purchase process in Egypt to ensure you are fully informed of the facts to avoid any potential pitfalls. Once you decide on a property, you will need to pay a holding deposit to take the property off the market while contracts are drawn up. It is completely usual to negotiate a property’s selling price in Egypt, unless you are buying offplan when the price is fixed.
1.1 Damac Properties DAMAC Properties was established in 2002 and has since grown to establish itself as the Largest Private Master Developer in the Middle East. We have an enviable portfolio of projects, several of them with a significant design and demand advantage that makes them an attractive investment for our investors. The company’s developments are located in the most desirable and exclusive locations in Dubai. Our developments are built to a high quality specification that has become synonymous with the group. We have an established international footprint and are expanding into newer markets. We have sold to over 18,000 happy clients and this number is growing daily. We have also succeeded in building significant awareness of our brand in key markets.
Driven by a passion for excellence, luxury and determination to deliver properties to its customers as quickly as possible, the company is working closely with contractors and providing the necessary support mechanism to deliver quality and timely completion of projects. The company is taking every step towards safeguarding its customer’s interest and will deliver 2300 units in 2008 and a further 7100 units by 2010
To give you further insights into our operations it is useful to know that DAMAC Properties is a business division of DAMAC HOLDING – a well structured conglomerate that is involved in trading, securities, production of manufacturing material which diversified into property development and has become the largest private master developer in the Dubai market. All of our sold out developments to date have achieved phenomenal growth for our clients due to our ability to secure the best locations for our developments.
2.0 The Development Remember those good old days when time used to wait for you, as you relaxed in every step of your leisurely stroll. Embraced so caringly by clean cool air and greeted by warm familiar smiles. Where life was an art form and every moment of it, a masterpiece. Welcome back to the 1920’s. Welcome back to life. Launching Concorde at Centre Ville, New Cairo, Egypt. A cluster of ten blocks, each comprising of several luxury apartment buildings which are 6-storeys and feature opulent 1, 2, 3 and 4 bedroom apartments. Concorde captures the spirit of the turn of the century French architecture with its decorative iron railings, stone cornices and tall window openings.
2.1 Facilities
• Lush green parks • Clubhouse • Swimming pool, sauna & massage • Gymnasium • Mosque • School • Retail • Cafes, bakeries & restaurants • Kid's play area • 24-hour security and controlled entry • Multi-function indoor rooms
3.0 The Location Rivoli is located in close proximity to Park Avenue at New Cairo. New Cairo is the biggest retail destination in the Middle-East and Centre Ville is also close to Heliopolis and Nasr City. New Cairo is situated over 350 meters above sea level, boasting a great climate year round. The fully developed road infrastructure to ensure you stay connected with the rest of the world and the great infrastructure provide investors with peace of mind.
4.0 Investment Opportunity
5 YEAR INVESTMENT PROPOSAL - RESIDENTIAL Country: Egypt Master Development: Hyde Park - New Cairo Project Name: Concorde At Centre Ville Project Type: Residential Number of Units: 1 Unit Number: CVB4/2-1/103 Number of Bed: 1 Total Sqmt: 79.64 Buying Price: £43,346.31 Completion Date: December 2012 Currency Used: £ based on £1 = EGP 8.3
CAPITAL APPRECIATION & ROI
Payment Date Deposit After 90 Days After 180 Days After 180 Days Completion Of Excavation Completion 1st Floor Completion 3rd Floor Completion 5th Floor Completion External Finishing Completion 01/12/2013
Payment % 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 0%
Total Payments £4,334.63 £4,334.63 £4,334.63 £4,334.63 £4,334.63 £4,334.63 £4,334.63 £4,334.63 £4,334.63 £4,334.63 £0.00
Capital Appreciation £0.00
£54,182.88 £67,728.60 £84,660.76 £105,825.95 £132,282.44
TOTAL APPRECIATION: £88,936.13
ROI % 0.00% 0% 0.00% 0.00% 25.00% 0.00% 50.00% 75.00% 0.00% 100.00% 125.00%
5 YEAR INVESTMENT PROPOSAL - RETAIL Country: Egypt Master Development: Hyde Park - New Cairo Project Name: Park Avenue Project Type: Retail Number of Units: 1 Unit Number: PAR/G/829 Total Sqmt: 68.4 Buying Price: £237,387.14 Completion Date: December 2012 Currency Used: £ based on £1 = EGP 8.3
CAPITAL APPRECIATION & ROI
Payment Date Deposit After 90 Days After 180 Days After 180 Days Completion Of Excavation Completion 1st Floor Completion 3rd Floor Completion 5th Floor Completion External Finishing Completion 01/12/2013
Payment % 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 0%
Total Payments £23,738.71 £23,738.71 £23,738.71 £23,738.71 £23,738.71 £23,738.71 £23,738.71 £23,738.71 £23,738.71 £23,738.71 £0.00
Capital Appreciation £0.00
£296,733.92 £370,917.40 £463,646.75 £579,558.44 £724,448.05
TOTAL APPRECIATION: £487,060.91
ROI % 0.00% 0% 0.00% 0.00% 25.00% 0.00% 50.00% 75.00% 0.00% 100.00% 125.00%
Contents 1.0
Why Egypt
1.1
Why Damac
2.0
The Development
2.1
Facilities
3.0
The Location
4.0
Investment opportunity
1.0 Why Egypt?
Reasons Why Egypt is an Intelligent Property Investment Location
Low property prices starting at around £40k Year-on-year capital appreciation of between 20-30%. Beautiful, well established tourist hotspots suitable for varied tourist interests, from excellent diving and snorkeling to cultural and historical locations Stunning natural and unspoilt landscape Steady annual growth in tourist figures Less property taxes than paid in the UK. No capital gains tax British residents avoid inheritance tax on any Egyptian properties Warm desert climate with temperatures ranging from 14°C in winter to 30°C in summer Year-round tourist season Politically stable country Strong economic growth and inward investment creating a rich investment climate. Well renowned developers creating luxury resorts to cater for Egypt’s new influx of international tourists Easy air access from many European destinations makes Egypt an ever popular medium haul holiday location Cairo International airport is being modernized and a new terminal is to be built by early 2007 Relatively low cost of living and maintenance costs English is widely spoken, after Arabic
Foreign purchasers have the right to own real estate and land in Egypt. Today the government recognizes the great value foreign investors in property have for the success of the economy and have set about actively encouraging overseas buyers to Egypt. New laws have been established to make the Egyptian property purchase procedure more secure. For example, the government can no longer impound or nationalize any property they wish – a practice that stood for centuries. These changes, along with a few others, are increasing confidence amongst overseas buyers. We will gladly guide your through the purchase process in Egypt to ensure you are fully informed of the facts to avoid any potential pitfalls. Once you decide on a property, you will need to pay a holding deposit to take the property off the market while contracts are drawn up. It is completely usual to negotiate a property’s selling price in Egypt, unless you are buying offplan when the price is fixed.
1.1 Damac Properties DAMAC Properties was established in 2002 and has since grown to establish itself as the Largest Private Master Developer in the Middle East. We have an enviable portfolio of projects, several of them with a significant design and demand advantage that makes them an attractive investment for our investors. The company’s developments are located in the most desirable and exclusive locations in Dubai. Our developments are built to a high quality specification that has become synonymous with the group. We have an established international footprint and are expanding into newer markets. We have sold to over 18,000 happy clients and this number is growing daily. We have also succeeded in building significant awareness of our brand in key markets.
Driven by a passion for excellence, luxury and determination to deliver properties to its customers as quickly as possible, the company is working closely with contractors and providing the necessary support mechanism to deliver quality and timely completion of projects. The company is taking every step towards safeguarding its customer’s interest and will deliver 2300 units in 2008 and a further 7100 units by 2010
To give you further insights into our operations it is useful to know that DAMAC Properties is a business division of DAMAC HOLDING – a well structured conglomerate that is involved in trading, securities, production of manufacturing material which diversified into property development and has become the largest private master developer in the Dubai market. All of our sold out developments to date have achieved phenomenal growth for our clients due to our ability to secure the best locations for our developments.
2.0 The Development Remember those good old days when time used to wait for you, as you relaxed in every step of your leisurely stroll. Embraced so caringly by clean cool air and greeted by warm familiar smiles. Where life was an art form and every moment of it, a masterpiece. Welcome back to the 1920’s. Welcome back to life. Launching Concorde at Centre Ville, New Cairo, Egypt. A cluster of ten blocks, each comprising of several luxury apartment buildings which are 6-storeys and feature opulent 1, 2, 3 and 4 bedroom apartments. Concorde captures the spirit of the turn of the century French architecture with its decorative iron railings, stone cornices and tall window openings.
2.1 Facilities
• Lush green parks • Clubhouse • Swimming pool, sauna & massage • Gymnasium • Mosque • School • Retail • Cafes, bakeries & restaurants • Kid's play area • 24-hour security and controlled entry • Multi-function indoor rooms
3.0 The Location Rivoli is located in close proximity to Park Avenue at New Cairo. New Cairo is the biggest retail destination in the Middle-East and Centre Ville is also close to Heliopolis and Nasr City. New Cairo is situated over 350 meters above sea level, boasting a great climate year round. The fully developed road infrastructure to ensure you stay connected with the rest of the world and the great infrastructure provide investors with peace of mind.
4.0 Investment Opportunity
5 YEAR INVESTMENT PROPOSAL - RESIDENTIAL Country: Egypt Master Development: Hyde Park - New Cairo Project Name: Concorde At Centre Ville Project Type: Residential Number of Units: 1 Unit Number: CVB4/2-1/103 Number of Bed: 1 Total Sqmt: 79.64 Buying Price: £43,346.31 Completion Date: December 2012 Currency Used: £ based on £1 = EGP 8.3
CAPITAL APPRECIATION & ROI
Payment Date Deposit After 90 Days After 180 Days After 180 Days Completion Of Excavation Completion 1st Floor Completion 3rd Floor Completion 5th Floor Completion External Finishing Completion 01/12/2013
Payment % 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 0%
Total Payments £4,334.63 £4,334.63 £4,334.63 £4,334.63 £4,334.63 £4,334.63 £4,334.63 £4,334.63 £4,334.63 £4,334.63 £0.00
Capital Appreciation £0.00
£54,182.88 £67,728.60 £84,660.76 £105,825.95 £132,282.44
TOTAL APPRECIATION: £88,936.13
ROI % 0.00% 0% 0.00% 0.00% 25.00% 0.00% 50.00% 75.00% 0.00% 100.00% 125.00%
5 YEAR INVESTMENT PROPOSAL - RETAIL Country: Egypt Master Development: Hyde Park - New Cairo Project Name: Park Avenue Project Type: Retail Number of Units: 1 Unit Number: PAR/G/829 Total Sqmt: 68.4 Buying Price: £237,387.14 Completion Date: December 2012 Currency Used: £ based on £1 = EGP 8.3
CAPITAL APPRECIATION & ROI
Payment Date Deposit After 90 Days After 180 Days After 180 Days Completion Of Excavation Completion 1st Floor Completion 3rd Floor Completion 5th Floor Completion External Finishing Completion 01/12/2013
Payment % 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 0%
Total Payments £23,738.71 £23,738.71 £23,738.71 £23,738.71 £23,738.71 £23,738.71 £23,738.71 £23,738.71 £23,738.71 £23,738.71 £0.00
Capital Appreciation £0.00
£296,733.92 £370,917.40 £463,646.75 £579,558.44 £724,448.05
TOTAL APPRECIATION: £487,060.91
ROI % 0.00% 0% 0.00% 0.00% 25.00% 0.00% 50.00% 75.00% 0.00% 100.00% 125.00%
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