Jadeer Group has announced fully selling the first phase of Code New Capital with a total sales target of EGP 1.5 billion
Mr. Saeed Al-Garf, Jadeer Group’s marketing manager has elaborated that Code is the first project by the group in the New Administrative Capital located directly in front of the "Central Park", which will be one of the largest parks in the Administrative Capital. The project is minutes away from the financial and business district, the government district, and the central station of the monorail, enjoying a wonderful view of 200 acres of greenery.
Al-Jarf also added that the project is located near the Medical City, the Universities Area, the Opera House, the Ministries District and the Presidential Palace. Moreover, Code is located near the Al-Fattah Al-Aleem Mosque, The Cathedral, The Parliament House, Mohammed bin Zayed axis and the regional ring road.
He explained that the project includes commercial and administrative spaces in the most distinguished locations in Downtown, and one of the largest projects to be implemented in Downtown, as the land area is 7200 square meters, with a construction rate of 30%. The project consists of a ground floor, 12 floors, and 3 basement floors.
Al-Jarf pointed out that Code boasts 360 offices and 73 shops, and the area of one floor is 2161 square meters, and the most important characteristic of the project is the view of 200 acres directly (the central park) and the plaza that includes a walkway of 28 meters between the main road, with a width of 40 meters. making it easily accessible from all directions.
He explained that the project consists of 3 separate buildings connected by a bridge and a plaza with an area of 2605 meters, stressing that the design of the building is unique, as the company collaborated with Mimar Architects, one of the largest engineering firms specialized in this field.
Saeed Al-Jarf indicated that the company achieved great success in the first phase of the project and was completely sold. He explained that the project consists of 3 phases, and it is scheduled to complete the sale of the whole project during 2023’s fiscal year with a total sales target of one billion and 500 million pounds, and the company also plans to pump 200 one million pounds as investments in the project during 2023.
Al-Jarf also revealed the expansion plan of Jadeer Group, through which it aims to implement a series of commercial and administrative projects.
He also concluded his statement saying that the real estate market is witnessing a new urban renaissance coupled with a new thought that changed the market map and created a new real estate product that meets the needs of various segments of society and is comparable and even superior to large markets. The Egyptian government, under the leadership of President Abdel Fattah El-Sisi, has given a great lesson in Establishing smart cities, expecting the Egyptian real estate market to acquire the lion's share of foreign investments compared to other competitive markets, and expected that the year 2023 will witness a major boom in sales.