Taj Egypt for Real Estate Development aims to achieve EGP 12 billion in sales from the Dejoya Zayed project this year. The project is located in New Zayed City and covers an area of 144 acres. It includes 350 villas and 140 buildings of various sizes with a total expected sales value of about EGP 37 billion.
All villas have been sold out, and they will be delivered after three years. The project also includes 140 residential buildings, which will be implemented in five phases. The first phase will be delivered after three years, and the last phase will be delivered in five years. Currently, the company has marketed 55% of it.
Dejoya New Zayed project has two commercial malls, one on 10 acres and the other on 15 acres, with a ground floor and three floors. It also includes social clubs and a service area. The malls and the service area are scheduled to be delivered in 2027. Space Dr. Medhat Darwish’s office is the consultant for the project, and the excavation work has already started.
Taj Egypt for Real Estate Development has completed 90% of the construction of Dejoya 1,2,3 and Izdan Mall in the New Administrative Capital. Out of a total of 2800 units, 1000 units are being delivered to customers in Dejoya 1,2,3 projects. All projects are scheduled to be fully delivered in 2024. The company has succeeded in marketing 80% of Taj Tower project in the Central Business District and implementing about 18% of the construction.
Taj Egypt has three residential projects on an area of 67 acres with a total of 93 buildings, including 2837 residential units. It also owns several commercial and administrative malls, Strip Mall and Taj Tower, and Izdan Mall with a total area of 60 thousand meters.
The company plans to expand into new projects in the Fifth Settlement next year, following the success achieved by Taj Egypt projects in East and West Cairo. Mustafa Khalil, Managing Director of Taj Egypt for Real Estate Development, expects building materials prices to rise by about 30% during the current year, due to the rise in the exchange rate and the current economic conditions. He praised the role played by the New Urban Communities Authority and the New Administrative Capital Company in supporting investors to overcome the current crises by issuing a package of incentives and facilities for developers.
