Palm Hills Developments has hired Orascom Construction Industries to build a US$93 million (Dh341.56m) residential complex outside Cairo, its first project in a partnership with Abu Dhabi's Burooj Properties.
Village Gardens Katameya covers 285,600 square metres in east Cairo, near the American University.
Burooj, the property investment arm of Abu Dhabi Islamic Bank, has already purchased 425 units in the complex, with a total value of 286m Egyptian pounds (Dh175.4m).
Village Gardens Katameya covers 285,600 square metres in east Cairo, near the American University.
Burooj, the property investment arm of Abu Dhabi Islamic Bank, has already purchased 425 units in the complex, with a total value of 286m Egyptian pounds (Dh175.4m).
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