Ali Abdel Ghaffar, Dar Zain Group founder, told Amwal Al Ghad that the company sales since 2009 till present have reached EGP 1.4 billion.
“Dar Zain targets to triple last year’s volume of sales within 2012.” Abdel Ghaffar added
“The state of recession witnessed by the Egyptian real estate market besides lawlessness and the unstable economic conditions since the 25th January revolution have made Dar Zain open further branches abroad, in Turkey and in the UK.”
Abdel Ghaffar noted that during this summer, the Egyptian real estate market witnesses high demand due to the country’s political stability after Dr. Mohamed Morsi takes office and to the security restoration. “These factors can help to restore investments after one year and a half of recession.”
In the meanwhile, Abdel Ghaffar denied that the last quarter of the current year will witness high prices in the real estate market. Yet, he forecast that the prices within 2013 will soar.
