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Reference: TV 1105
EGP 1,888,000
Mohamed Assem
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Hospitals / Sale
EGP 1,888,000 Installment
Finishing Status:
Under Construction
Date of completion:
Building Area:
59 M2
EGP 1,888,000
Down Payment:
EGP 188,800
The value of Installment:
EGP 28,320 / Monthly
Delivery Date:
The type of ownership:
Last Updated:
Wed 14 Feb 2018

Redcon Medical Parks is launching 100 polyclinics in its new Al Burooj Medical District , which announced its launch last week.

The company launched the project with an investment of EGP 2bn , which is being developed by Capital Group Properties.

Hazem Ashry , chairman of Redcon Medical Parks and CEO of Redcon Development , said that the company will market the first phase of the Al Burooj Medical District project in the middle of the current month with targeted sales of EGP 300m.

Ashry told Daily News Egypt that the expected sales of the whole project are estimated at EGP 2bn.

Ashry added that the first phase of the project is on an area of 11 , 000 sqm , with 7 , 000 sqm of underground parking and 7 , 000 sqm of surface parking , and it includes 100 fully finished polyclinics.

He noted that the first phase will be fully marketed within a year. It is planned to start implementation in March 2018. The company will complete and hand over the first phase by the end of 2020 or the beginning of 2021.

“The rest of the other phases will be implemented in a sequence so that by the end of 2023 , the four phases of the project will be in full operation , ” Ashry added. “The company is executing the Al Burooj Medical District project , in partnership with the Capital Group Properties Real Estate Development Company , on an area of 33 , 000 sqm in four phases , and the company will manage the project after its completion.”


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