SODIC, a company dedicated to development and investment, has agreed to a partnership agreement with the Commercial International Bank of Egypt (CIB) to help its clients with mortgage finance options.
The protocol follows Egypt’s mortgage financing rules and regulations by offering several payment options for units that are delivered. Customers of SODIC will have the chance to acquire in-stock units from their various projects, paying in instalments up to 20 years.
To make their properties more attractive to buyers, established clients may use SODIC’s reselling platform and enjoy the same lengthy payment plan as is provided to buyers. Amr El-Ganainy, the chief executive of institutional banking at CIB, and Ahmed Issa, the chief executive of retail banking at CIB, joined other top representatives of both organisations during the signing ceremony.
Magued Sherif, who responded to the news of the deal, was thrilled to announce a new business partnership with long-term partners CIB, with whom they would be working on banking sector projects with a solid track record. This protocol runs parallel to Sodic’s customer-centered philosophy, offering innovative financial solutions that help people with the home-buying choice, such as Sodic’s Home Planning Solution.
Amr El-Ganainy, another one of CIB’s most trusted clients, complimented SODIC for being one of the most fun business partners to collaborate with. This protocol is another major victory for CIB and SODIC, whose close partnership has been effective thus far. This protocol, in keeping with the bank’s aim to assist the real estate market in specific and the CBE instructions in this sector at large, offers a payment scheme of up to 20 years as an alternative financing solution for unit buyers.
To increase the value of the product and serve the demands of customers, Ahmed Issa claimed that this partnership will seek to achieve these goals. The institutions cooperated to make the best deals possible on loan amounts, instalment periods, and prices.
Sodic Developments is one of the most successful real estate companies in Egypt, with both its residential and commercial properties. The company is now competing with the largest real estate firms in the country, as it has provided both integrated residential and commercial services.
Sodic is one of Egypt’s leading real estate firms, and it has always emphasised quality and honesty in its dealings with customers and clients, as well as delivering a wide range of quality services and amenities through its residential projects.
Sodic, a real estate company, was established two decades ago and throughout that time was able to become a top firm in the real estate market and has received many awards, as well as having an eagerness to offer a new concept of residential life and be able to meet the needs of its customers, who are seeking to find an upscale lifestyle.
The three Sodic founders, Hani Sari Aldin, Eng. Majid Sharif, and Dr. Walid Abanmi, are all notable citizens in Egypt. Experts and engineers helped create Egypt’s top real estate developments.
Sodic Developments’ business was defined by honesty and trustworthiness when dealing with clients, on-time delivery of units, cheapest rates, and long-term payment options (up to 7 years). The company was particularly intent on offering many family-friendly places, a stunning view, and ample green spaces.
This Partnership between SODIC and CIB came at a time where Sodic East is boasting a new offer in the market…
As a project with the most excellent building techniques, Sodic East will give you many recreation services like a fitness club and entertainment mall spread across a 42-acre area. This includes an international school, a mosque, a commercial district, and a large children’s garden, in addition to hikers’ paradise.
Sodic has been in the real estate investment business for two decades, and they have served the clients in several residential communities, which they have set up outside of Cairo. Sodic East allows you to stay near the new administrative capital, which lies between Suez and Ismailia Road, and near the Regional Ring Road and New Cairo.
One of the newest projects in Shorouk City has been put into place by SODIC Properties, which has been able to meet the different needs of customers through residential communities that it created on the outskirts of Cairo following a 20-year career of excellence in the field of real estate investment.
Located between Suez and Ismailia road, it is positioned right adjacent to El Shorouk and is near to the New Administrative Capital. Sodic has also worked on the regional ring road and New Cairo. Twenty-one percent of the complex’s total land area is designated for residential use, with the remainder being split between parks and amenities.
Phase one of the compound has been put into place in the residential complex, which has apartments and villas, with the following key components:
The real estate market of the Compound does not compare with the real estate market of the 5th settlement area or Future City, but investing in this residential community will be the most successful investment in new cities today. The cost of residential units inside the project, starting at 2.1 million EGP and up to 13.269 million EGP depending on the area and the view, will reap an impressive ROI in the future.
Disclaimer: Prices and availabilities of real estate projects are updated on a daily basis. For more updated information about unit availabilities, areas and prices, click on Sodic East Or you can always reach out to us on #AskNawy or call us on +201022088888 .
Customers may choose from several payment methods, including one that makes it easy to pay for each home unit.
A down payment of 5% is paid at the beginning, and another 5% is paid upon delivery. The rest is paid in instalments over eight years.
A 7% maintenance charge and 240,000 EGP in club subscription payments must be paid in four instalments during the first four years.
Sodic East is having a limited time offer for visitors of the Cityscape : 5% down payment, with installments over 10 years! you can follow all Cityscape offers on CityScape‘s Page on Nawy.
An annual property show takes place in Egypt called Cityscape. By uniting property shoppers in one spot, it offers the real estate sector an opportunity unlike any other.
Cityscape, Egypt’s leading event for real estate investment, development, and networking, will be held at the Egypt International Exhibition Center to commemorate its 10th anniversary, from 22-25 September 2021. (EIEC). Perform business with foreign investors and homebuyers in Egypt and abroad, discovering new investments, unusual bargains, and property renovations and construction. The city’s real estate event brand, Cityscape, has emerged as the most prominent real estate event in Egypt over the past decade, and attracts thousands of visitors from the Middle East and North Africa to its events.
For the latest updates on Sodic East project, 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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