IMKAN Misr, being one of the major players within the developers league of Egyptian Real Estate, is providing Mortgage options for its prospective buyers in Al Burouj Project.
The Developer has signed a contract with the First Abu Dhabi Bank (FAB) – Egypt in order to provide mortgage finance to customers in its residential compound, Al Burouj. Under that contract, clients can receive maximum funds of EGP 15m per unit, with a payment period that extends up to 15 years.
Disclaimer: This article doesn’t contain prices for the project. For more updated information about unit availabilities, areas and prices, click on Al Burouj. Or you can always reach out to us on #AskNawy or call us on +201022088888 .
The Management of IMKAN Misr stated that the company seeks to lay options to all types of financing solutions to support its clients in making the purchase decision with the most reassurance. Moreover, in accordance with the contract concluded with the Bank, the client can obtain financing of up to 85% of the price of the ready-for-delivery properties of all kinds, from villas and townhouses to duplexes and apartments, following the simplest possible procedures and at a competitive interest rate. Generally, the agreement aims to fund the purchase of residential units in Al Burouj project which have been already delivered or those ready for delivery.
The financing contract also provides an opportunity to further extend the mortgage loans for clients who wish to conduct a higher end finishing than the one agreed on initially with just up to 40% of the unit’s market value. Additionally, the contract also offers extending the loan payment periods to current unit owners in Al Burouj.
Al Burouj is situated between the Fifth Settlement in New Cairo and the New Administrative Capital (NAC), and is being built at the moment with a total capital of EGP 47bn. Al Burouj Board expects life to return to normal in the real estate sector during 2021, with a surge in sales volumes. Keeping in mind that there is a real demand for property in Egypt, especially since it will remain quite a safe investment for individuals and companies.
Al Burouj spreads over 5 million sqm, and includes 15,000 fully-finished housing units as well as a business complex on an area of 120,000 sqm. It is the only business district to be managed through the Smart Village in East Cairo. The project also contains the Al Burouj Sports Club, which is located on an area of 38,000 sqm, and houses the first Manchester City football academy in the Middle East and Africa region, as well as different activities for different sports.
You can read more about Al Burouj right here on our blog. You can also learn more Al Burouj Smart Village and Al Burouj Phases Ajwar and Orion.
For the latest updates on Al Burouj, reach out to us on #AskNawy or call us on +201022088888
Moreover, if you wish to know more about what’s available in the real estate market, you can visit our website Nawy. Take a look at our wide selection of exclusive homes!
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