The real estate market in Egypt has evolved a lot in the last decade with many real estate developers and new concepts are always applied whether in building styles and designs, landscaping, and even in buying and selling properties. In this article, we will go through the Touba Madinat Masr payment way as the latest trend in the real estate market nowadays.
Touba Madinat Masr
The normal way to buy any property you want nowadays is to get it on a many-year payment plan with equal monthly installments and quarterly or semi-annual payments. This method requires the customer to sign a series of pre-signed cheques as a guarantee for paying the future installments and that is what bothers most of them.
The worst point about this payment method is that you have to follow up on your bank accounts closely during the whole payment plan to avoid the rejection of any cheque that could affect your credit score badly.
To solve this critical problem Madinat Masr came up with a different approach, Touba, as they divided the price of the property into units and called them bricks, in the Arabic language stands for Touba, and using these bricks you can start financially building your property in a span that goes up to 10 years.
To be more precise, let’s suppose you are someone with extra cash who wants to invest it in one of Madinet Masr’s projects. The first step you will do is to reserve the property and buy a number of bricks or Touba Madinat Masr that is equivalent to the cash you have, you can consider it as the downpayment, and then whenever you have an extra amount of cash you can buy bricks and add it to your property until you complete its full price.
As time goes on and inflation does its magic, the price of every Touba Madinat Masr changes which means you have gained profits from the bricks you have already bought.
The developer has decided to apply the Touba Madinat Masr payment style as an experimental phase to be exclusively available on a limited number of units in the Elan phase inside the Sarai New Cairo compound.
Sarai Compound
Sarai New Cairo, a project masterminded by the real estate leader Madinet Masr for Housing & Development (MMHD), spans a sprawling 5.5 million sqm. This gated community encompasses a diverse array of amenities, including a bustling business district, renowned educational institutions, a vibrant strip mall, a comprehensive athletic club, lush landscapes, 24-hour security, ample parking spaces, and an array of dining options.
Read more on Sarai New Cairo
Sarai also includes Cairo’s Biggest Lagoon, spanning 500,000 square meters and ornamented with several restaurants, cafés, and retail stores, is a notable feature. With a water sports arena, swimming pools, fully-equipped gyms, indoor studios, football fields, handball courts, and basketball courts, the Sarai Athletic Club invites the inner athlete in you.
You can buy one of the properties we mentioned or any other property you dream of in Egypt through Nawy. Our website includes more than 300 developers and 5,000 properties of different types to find exactly what you need press on the next WhatsApp button to start your journey in hours.
