New Event Developments launches its latest project, ”LAYAL Residence,” in the New Administrative Capital.
In a move reflecting its unwavering confidence in the New Administrative Capital, New Event Developments announced the launch of its latest residential project, LAYAL Residence. This project is part of the company's expansion plan in the Egyptian market.
Dr. Hamid Al-Rajawi, Chairman of New Event Developments, stated that the launch of LAYAL Residence in the New Administrative Capital reflects the company's strong belief in the capital's future, considering it one of the most important development and investment projects in the region. He emphasized that his company was among the first to believe in the New Administrative Capital and invest in it during its early stages of development.
He pointed out that this is the company's second project in the R8 district and its fourth project in the New Administrative Capital, reflecting its belief in and confidence in this area's strong investment potential. The area boasts high investment value and a strategic location near major roads and vital services, which enhances the company's chances of success in this region and provides clients with a robust real estate product for both residential and investment purposes.
Al-Rajawi explained that the company is simultaneously working on its expansion plans in the Egyptian and Saudi markets through strong entities and strategic partnerships. He noted that the company has a diverse portfolio of projects both inside and outside Egypt and aims for well-planned expansion in the coming period to achieve a balance between rapid growth and maintaining the quality of its real estate product.
He emphasized that the Egyptian real estate market still holds promising opportunities despite economic changes, especially with the continued genuine demand for real estate and the significant expansion in new cities and infrastructure, which supports the company's expansion plans in the coming years.
For his part, Tariq Al-Jadawi, Head of the Commercial Sector at the company, said that the "LAYAL Residence" project enjoys a number of strong competitive advantages, most notably its prime location, wide variety of units, low-density design, and integrated services aimed at providing a sophisticated residential experience for clients.
He explained that the project is located in the R8 district, on an area of 38 acres, directly on the central axis and near the Diplomatic Quarter. The project includes a variety of residential units, including apartments, duplexes, townhouses, and twin houses, within an integrated residential community that relies on the low-density concept to provide the highest levels of privacy and comfort for residents. He explained that the company relies heavily on digital solutions and modern marketing tools to reach customers, in addition to providing flexible payment plans with competitive down payments and installment periods of up to 12 years, which enhances customers' purchasing power and increases the project's appeal.