ERG Developments
ERG Developments للتطوير العقاري ERG شركة is established as a result of the merger of four diverse companies. These subsidiaries, owned by Mr. Mohammed Rezk, include ERD Developments, Rizk Shipping, and Emaar Timber Import & Export.
Through this merger, Emaar Rezk Group sought to become one of Egypt’s largest real estate companies. Although it may seem relatively new, its experience extends back to 2005, and there are a variety of magnificent ERG projects.
Additionally, ERG Developments is considered an extension of ERD Developments, one of the most significant real estate companies in Egypt. ERD has executed many major projects in Damietta, Mansoura, and the New Capital.
ERG Developments has forged a partnership with Housing and Development Bank, and this collaboration is considered a source of trust for clients, whether investors or those seeking upscale residence.
The aim of Emaar Rezk Group (ERG Developments) is to provide excellent returns for its investors and comfort for residents interested to buy units for sale in ERG projects, including compounds, malls and resorts.
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What are the main projects of ERG Developments?
Ri8 Compound New Capital
Ri8 Compound New Capital is one of the paramount projects by ERG Developments, realized in collaboration with the Housing and Development Bank.
Emaar Rezk Group has chosen a location for Ri8 Compound on the second row of South Bin Zayed Axis, close to the New Capital’s main landmarks.
Compound Ri8 New Capital consists of 34 residential buildings, and ERG Developments has dedicated 92% of the project’s area to green spaces and artificial lakes for a wonderful view and comfortable atmosphere.
Additionally, ERG Developments offers a variety of units for sale, with spaces starting from 135 m2 for apartments and 350 m2 for duplexes; both types of units are offered with an ideal price per meter.
The total prices for apartments in Ri8 Compound start from 5,334,444 EGP. Clients can easily book units with a 5% down payment and installments over 10 years. Besides, ERG Developments will deliver units by 2023.
Walk around your unit in 3D
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The space of an apartment in Compound Ri8 is 151 m2
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The space of an apartment in Compound Ri8 is 138 m2
Monorail Tower New Capital
Among the prominent ERG projects is Monorail Tower in New Capital. This project is strategically located in the tourist towers area by ERG Developments, in proximity to the monorail station, ensuring ease of access.
Monorail Tower features a modern and distinctive tower design, harmonizing with the New Capital’s marvelous essence. Additionally, units of ERG Developments project boast direct views of the Green River.
The tower also consists of a ground floor and 26 upper floors, covering an area of 12,000 m2 with vast expanses dedicated to green spaces. There are diverse units in ERG Developments project, including commercial, administrative, medical, and hotel units.
ERG Developments offers units with spaces starting from 30 m2 in monorail Tower, provided with competitive prices, starting from 4,315,556 EGP. Moreover, booking units requires 10% down payment and installments extending up to 12 years.
Diamond Tower New Capital
Diamond Tower New Capital is another notable initiative executed by ERG Developments, specifically through ERD Developments which is another subsidiary of Emaar Rezk Group.
ERG has implemented Diamond Tower in a prime location in Downtown, within the shopping district of the New Capital. This location grants the project diverse views overlooking major streets and Central Park.
Mall Diamond Tower New Capital is recognized for its sophisticated architectural design, comprising a ground floor and 15 upper floors. ERG Developments has built the tower on an area of 5,000 m2.
The spaces of units in Diamond Tower start from 20 m2, and their prices start from 8,534,000 EGP. Furthermore, ERG Developments offers an extended installment period of up to 12 years.
Diamond Tower 2 New Capital
As a result of the success of its inaugural project, ERG Developments decides to introduce its second project in the New Capital, named Diamond Tower 2 New Capital.
This tower boasts a strategic location, situated between the eastern and western entrances of Downtown. In Diamond Tower 2, ERG presents encompasses commercial, administrative, medical, and hotel units for sale.
Additionally, Diamond Tower 2 is composed of a ground floor and 15 upper floors, covering a total area of 5,000 m2. The spaces of units within Diamond Tower 2 start from 23 m2.
ERG Developments provides units of Diamond Tower 2 New Capital start exceptional prices starting from 1,960,000 EGP to be suitable for investment seekers. Also, flexible booking plans are offered, featuring up to 12 years installment period.
What are the key features of ERG Developments?
ERG Developments stands out due to its significant partnership with Housing and Development Bank, which fortifies investor trust in ERG projects. This collaboration establishes Emaar Rezk Group as one of the leading real estate investment entities.
Besides, ERG Developments has collaborated with top-tier designers to deliver high-caliber projects. Notably, it has collaborated with PRIME STUDIO, a specialized architectural and design firm which played a pivotal role in the construction of the Presidential Palace in New Capital.
Other Projects of Emaar Rezk Group
- City Live Compound, a villa compound in Ras El Bar. It is implemented in partnership with Housing and Development Bank.
- City Live 2, a project for residential apartments in Damietta.
- Some independent projects in Damietta & Mansoura, along with other residential & commercial projects.
