Eng. Ahmed Al-Adawy: We Aim to Deliver 900 Units in Our Projects This Year.
Al-Adawy: We Plan to Increase Execution Rates at “Jefaira” and Support Real Estate Export Efforts.
Al-Adawy: Offering Flexible and Long-Term Payment Plans Supports Clients’ Purchasing Power and Ensures Continuity of Sales Plans.
“Inertia” Real Estate Development Company has unveiled the key features of its investment plan for 2025, showcasing strong growth in targeted investments and sales, alongside an ambitious expansion plan aimed at achieving excellence, innovation, and enhancing the quality of life in its projects, while maintaining its leading position in the Egyptian real estate market.
Eng. Ahmed Al-Adawy, CEO of Inertia Real Estate Development, stated at a press conference organized by the company, attended by a group of prominent journalists and media figures, that the company has successfully achieved its targets for 2024, supporting its ambitious investment plans for this year, which include increasing the execution rate of existing projects, growing sales volume, and expanding into new projects that meet the aspirations of clients seeking the best integrated developments.
He added that the company aims to inject 8 billion EGP in its projects this year, which will help the company achieve its ambitious plans to increase delivery rates in its projects, targeting the delivery of 900 units this year.
Al-Adawy explained that the company aims to achieve contractual sales of 23 billion EGP in its projects this year, which includes launching new phases in its existing projects, as well as launching a new project in 2025.
He confirmed an increase in execution rates in the company’s main project, “Jefaira,” aiming for strong delivery volumes in the project this year, covering a total area of 2.7 million square meters, comprising a variety of units including standalone villas, twin houses, townhouses, chalets, apartments, and studios of various sizes, in addition to a large number of services that provide a complete living experience for clients within the project.
He noted that the company offers flexible payment plans in its projects along the North Coast and in Cairo, with down payments starting from 5% and payment periods extending up to 10 years, with delivery expected within four years of contracting.
He added that the trend among real estate companies to offer flexible and long-term payment plans supports clients’ purchasing power and ensures the continuation of sales plans, thereby sustaining the real estate market, which accounts for about 20% of the gross domestic product. He emphasized the continued strong and genuine demand for real estate, maintaining confidence in it as a safe haven for investment.
He pointed out that the company’s total project portfolio consists of 8 diverse projects in terms of activities and locations, meeting the needs of current and targeted clients, highlighting the execution and delivery of 6 of these projects, which vary between residential and commercial in Cairo, the Red Sea, and the North Coast.
He clarified that the company has completed the delivery of “Soleya” in West Cairo, an integrated residential project, along with the delivery of the first and second phases with a total of 570 units from “Joulz,” another integrated residential project. The company has also fully delivered “G Cribs” in El Gouna, which is a complete residential project in the Red Sea.
He mentioned that the company is implementing “Brix,” an integrated residential project comprising 198 units, as well as the Fifty7 project, which includes 57 residential units in West Cairo. The company has also completed the implementation of “Medipoint Sheikh Zayed,” a commercial medical project in Sheikh Zayed, and has completed the implementation and delivery of West Hills, an integrated residential project comprising 98 units.
Regarding real estate exports, Al-Adawy stated that the company supports the government’s efforts in this regard, as part of the company’s sales is directed to clients from outside Egypt, most of whom are Gulf nationals, stressing that Egyptian real estate is currently highly competitive due to its lower prices compared to global prices, in addition to strong government efforts supporting real estate export initiatives.
