The real estate market in Egypt has evolved a lot in the last decade. Many real estate developers and new concepts are being applied. Whether in building styles and designs, landscaping, or even in buying and selling properties. In this article, we will go through the Touba Madinat Masr payment method as the latest trend in the real estate market.
Touba Madinat Masr
The normal way to buy any property you want nowadays is to get it on a long-term payment plan. It usually features equal monthly installments and quarterly or semi-annual payments.
This method requires the customer to sign a series of pre-signed cheques. This is because it is a guarantee for paying the future installments, and that is what bothers most of them.
The worst point about this payment method is that you have to follow up on your bank accounts closely. It is especially important during the whole payment plan to avoid the rejection of any cheque that could affect your credit score badly.
How Madinet Masr Solves this Problem?
To solve this critical problem, Madinat Masr came up with a different approach, Touba. It divided the price of the property into units and called them bricks, in the Arabic language, which stands for Touba, and using these bricks, you can start financially building your property in a span that goes up to 10 years.
To be more precise, let’s suppose you are someone with extra cash who wants to invest it in one of Madinet Masr’s projects.
The first step you will take is to reserve the property and buy many bricks or Touba Madinat Masr, which is equivalent to the cash you have.
You can consider it as the down payment, and then whenever you have an extra amount of cash, you can buy bricks and add them to your property until you complete the full price.
Afterwards, as time goes on and inflation does its magic, the price of every Touba Madinat Masr changes. This means you have gained profits from the bricks you have already bought.
The developer has decided to apply the Touba Madinat Masr payment style as an experimental phase to be exclusively available on a limited number of units in the Elan phase inside the Sarai New Cairo compound.
Sarai Compound
Sarai New Cairo, a project masterminded by the real estate leader Madinet Masr for Housing & Development (MMHD), spans 5.5 million sqm.
This gated community encompasses a diverse array of amenities, including a bustling business district, renowned educational institutions, and a vibrant strip mall.
It also has a comprehensive athletic club, lush landscapes, 24-hour security, ample parking spaces, and an array of dining options.
Sarai also includes Cairo’s Biggest Lagoon, spanning 500,000 square meters and ornamented with several restaurants, cafés, and retail stores, which is a notable feature.
With a water sports arena, swimming pools, fully-equipped gyms, indoor studios, football fields, handball courts, and basketball courts, the Sarai Athletic Club invites the inner athlete in you.
Touba isn’t the only innovative approach by Madinet Masr. The next section will tell you about another creative solution by the company.
Seven & Madinet Masr – Home Finishing Finance
In partnership with Seven, Madinet Masr is offering a flexible financing solution for finishing.
This partnership offers Madinet Masr’s clients the opportunity to finish and customize their properties with high-quality materials. It will cover several projects by MMHD, such as Sarai, Taj City, and The Butterfly.
Check: Top Compounds in New Cairo
Take Action Now!
Now you know all about Touba Madinat Masr. You also know how you can create and manage the appropriate payment plan according to your financial status.
Don’t forget that you can buy the property you dream of in Egypt through Nawy.
The website includes more than 300 developers and 5,000 properties of different types to find exactly what you need. Press the WhatsApp button to start your journey in hours.
