HDP sold out all targeted units in its first project “Terrace” in Sheikh Zayed

Housing & Development properties Company (HDP) – the investment and marketing arm of Housing and Development Bank- has achieved and exceptional success in the first tranche selling of all units in Terrace Sheiekh Zayed targeted for marketing in Egypt. The bank aims to sell selected units for Egyptian expats abroad.

HDP has recently launched its first project in the real estate market “Terrace” in Sheikh Zayed City, as part of a series of major projects that it plans to launch in the coming period.

“Terrace” project is located on a high hill in Sheikh Zayed City, on an area of 31 acres, and surrounded by all the services that achieve an integrated life for clients within the project, as it is only 5 minutes away from Nile University, Mall of Arabia, Al-Safa Hospital and near the Monorail station that leads to the New Administrative Capital, and the project includes apartments of various sizes to suit the needs of the target segment of clients.

The project also includes more than 700 housing units according to various models, with ground and 3 floors, ground and 4 floors height. The project includes many services and luxury elements that achieve the quality of life and joy of living within the project, as the percentage of buildings in the project is only 16%, and the rest are green areas that achieve visual and psychological comfort for the client, in addition to the presence of a sports walkway and a social club.

HDP has been recently established to be the marketing and investment arm of the Housing and Development Bank (HDB), and to be responsible for developing and marketing real estate products in cooperation with all subsidiary companies of the Bank, in addition to providing an operational service for projects after their implementation, besides offering a variety of services to its partners from developers and clients.

The company adopts an ambitious work strategy to be part of the current urban development and expansion in real estate market, as it starts working on projects affiliated with the bank, until it expands by working on other exclusive projects in real estate market as part of its future plan, which will be distinctive projects that suits the company’s plans.