Q Developments announced the progress in their various projects with the launch of its first project in the West of the greater Cairo, under the name “Q Hills.” This came during a press conference held in one of Cairo’s upscale hotels, attended by representatives of the company’s management, success partners and representatives of the real estate press in Egypt.
Eng. Ahmed Thabet, CEO, said that “Q Developments” was set off to address a wide segment of local and regional customers by providing an ideal real estate product for families, youth, and members of society aspiring for a better life. Adding that, after the hyper inflation of real estate prices over the past years, our customers were faced with a real estate market divided between exceedingly high prices with lavish quality-of-life promises or developers that don’t offer the desired quality of developments. Thabet continued by saying that this aspiring dynamic category of buyers searches for an effective mixture that combines quality, social image, and experience provided by a reliable real estate developer. All of this at appropriate prices created an accumulated demand in the Egyptian market that no product could meet.
Eng. Ahmed Thabet explained that the founders of Q Developments conducted a market study that concluded that there was a gap in the market that they could fill with their experience through a new idea, which was the motivation for establishing Q. Q developments CEO added that Q was able to control the cost through several elements, topping the list was the ability to obtain land at competitive prices and payment plans, interest-free and bank less self-financing, and the use of the company’s construction arm that ensures the ability to control the cost and adherence to construction and delivery schedules, an early start of construction as a hedge against inflation and market fluctuations, and also owning the factories and import agencies required to prepare all the elements needed to prepare the project and control it’s costs all through . Q Developments came to offer its capabilities and experience in real estate development and contracting, which has extended for decades. It also integrates several elements, most notably design, services, and raw materials, through its sister companies, Jumeirah Egypt for Trade and Contracting, EG Capital, Q Asset Management, Q Tourism and Investment, and Q Art House, to provide the ideal real estate product.
Thabet affirmed that Q offers a real estate product characterized by excellence and includes all the elements of luxury that were previously only present in some limited projects, with a distinguished operational experience that provides real possibilities and luxury. The slogan of Q Developments is “Possibilities Unlocked” so the company’s concept is to offer limitless opportunities for those who appreciate value, quality, and real return on investment. Thabet stressed that the real challenge facing “Q” will be in choosing the elements of the harmonious society we will build in each project. Mere ability to pay will not be the goal of the sales team. Still, the goal is to create a harmonious, healthy, and unique society that embraces family life and ensures comfort and safety for women and children. The company gave a presentation on the construction situation of the “Q-North” project, which is located in the most premium location on the North Coast, on an area of 100 feddans, in the heart of Sidi Abdel Rahman, at kilometer mark 136 on the Alexandria – Matrouh Road, opposite to Marassi Aqua Water Park.
“Q North’s” design was planned so that 80% of the project’s units will be low rise having only two stories, while the remaining 20% will have three floors. This helps reduce the project’s density and contributes to a tranquil and relaxing atmosphere, which aligns with Crystal Lagoons’ agreement to design and operate water lakes within the project on an area of 18,000 square meters of swimmable lagoons, which are visible to all units and ready for swimming, with internal beaches extending 8,000 meters long, this is in addition to 21 swimming pools. “Q-North” also includes the most significant commercial mall on the North Coast, consisting of 7 buildings, attracting the most distinguished international brands from commercial outlets, restaurants, and cafes, in addition to administrative offices, on an area of 34,650 square meters, with a facade of 700 meters directly on the highway, and a parking area with a capacity of 500 cars. In addition to the Novotel Sidi Abdel Rahman Hotel, on an area of four and a half feddans, with a capacity of 240 rooms, and services that include a swimming pool with an area of 600 meters.
The company also announced the details of the “Q Hills” project, which is located in the most elite place in New Zayed City, on an area of 24 feddans directly on the Dabaa axis, minutes away from Sheikh Zayed City and Sphinx International Airport, west of Cairo, and comes to complete the same vision as Q that began in Q North.
Dr. Muhammad Hafez, the design consultant for the project, said: “Q Hills” includes all the elements necessary to create a tranquil community in this promising area, with project planning that guarantees privacy for all residents while integrating natural sceneries amongst residential buildings divided into three main sectors. The first sector includes residential buildings with units and apartments of different sizes ranging from 80-150 square meters that are designed with innovative integrated services and underground garages. The second section also consists of the villas area, which provides for various and integrated designs ranging from stand-alone units over 500 square meters, twin houses starting at 245 square meters, townhouses at 195 square meters, and apartments starting from 80 square meters to 150 square meters . the final part of the project also includes the commercial and service area, which offers various elements, including shops, restaurants, and cafes, a hypermarket to serve the compound and the area, administrative offices, pharmacies, and medical services.
Dr. Hafez added that as for the project itself, the design took into account that the open green spaces at the heart of the project would be an area that attracts life to it, including a games area, an open-air gym, and a kid’s park, in addition to open spaces, water elements, canals, and lakes with paths for walking and running for recreation and yoga. Q Developments also ensured the community’s safety with the latest methods, using security personnel around the clock and cameras throughout the compound, security control rooms, and electronic gates.
Eng. Thabet, revealed that construction work had already begun on the project’s land preparation before its units were put up for sale, announcing that the project is being offered at an unprecedented price, as usual, with payment plans that allow customers to pay in installments over eight years so that the project will be fully delivered within three years. During the conference, “Q Developments” announced its intention to launch other future projects on the North Coast and Alexandria, in addition to its progress in implementing the “Q North” project in the Sidi Abdel Rahman area, which achieved unprecedented success in sales during the current season.
About Q Developments:
Q Developments is a modern and dynamic development company built with collective efforts and experience of a team of professionals with decades of experience in real estate, construction, design, and property management with a land portfolio of 259 fadans in the North Coast and New Zayed with investments currently amounting to 22 billion Egyptian pounds, With 12 billion planned for the near future investments, Q owns a controlling stake in several sister companies including Jumeirah Misr for Trade and Construction, Q Asset Management, Investa Real Estate Investment, Q Art House, Egy Capital for Real Estate Investment, and Q Hotel Management and Tourism Investment.
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