Scope Development Egypt is a leading real estate development company based in Cairo, Egypt. The company has established a reputation for developing luxurious residential and commercial projects that provide customers with the latest designs and technologies. Scope Development Egypt’s projects are known for their prime locations, affordable prices, and high-quality construction.
The company was founded in 2016 by a group of experts in appraisal, valuation, and real estate investment accredited by the Central Bank and a group of Egyptian and international bodies. Since its inception, Scope Development Egypt has become one of Egypt’s leading real estate developers, with a portfolio of successful projects catering to a diverse clientele’s needs.
Development of Scope Egypt has a devoted clientele and a stellar name in the real estate sector thanks to its dedication to quality and client satisfaction. The company is well-positioned to sustain its development and success in the coming years by prioritizing innovation and sustainability.
Scope Real Estate: Company Overview
Foundation and Growth
Scope Real Estate, a subsidiary of Scope Developments, is a leading Egyptian development company. Established in 2016, the company has achieved great success over the past years and aims to become a benchmark in the real estate market. The company is led by Mohamed Salama Ghobashi, who has vast experience in appraisal, valuation, and real estate investment and is accredited by the Central Bank and a group of Egyptian and international bodies.
The company’s success may be ascribed to its dedication to providing clients with projects of the highest caliber. With a staff of professionals, Scope Real Estate guarantees that every project is finished to the greatest possible standards. The company’s image as a dependable and trustworthy developer has been bolstered by its track record of completing projects on schedule and under budget.
Scope Real Estate as an Egyptian Joint Stock Company
Scope Real Estate was established as an Egyptian joint stock company, according to the Chairman of the General Authority for Investment and Free Zones. This gives the company great importance among other companies because it is based on the plentiful experience of those responsible. Mohamed Salama Ghobashi, an expert in appraisal, valuation, and real estate investment, heads the Board of Directors.
As an Egyptian joint stock company, Scope Real Estate is subject to the regulations and laws that govern such companies. For clients and investors alike, this offers accountability and openness. The organization is dedicated to maintaining the greatest moral standards and making sure that the law is followed when conducting business.
Scope Development Egypt is a leading real estate development company that has established itself as a benchmark in the market. Over the past years, the company has achieved great success and has become one of the leading developers of premier upscale residential and commercial projects in Egypt.
Residential Projects
Scope Development Egypt has several residential projects in prime locations across Egypt. These include New Lotus and New Narges in New Cairo, South Academy in the 5th Settlement, and Beit Al Watan in New Cairo. These developments feature a variety of housing alternatives, including villas and flats, and are made to give their occupants an opulent and pleasant living. The company is renowned for its meticulous attention to detail, superior workmanship, and dedication to client satisfaction on residential projects.
Commercial Projects
Scope Development Egypt has also developed several commercial projects. These include Zoom Plaza Mall in 5th Settlement, New Cairo, a mixed-use development that offers a range of retail, dining, and entertainment options. The initiative aims to serve as a one-stop shop for every necessity of the people living in New Cairo.
Zoom Plaza Mall Development
Zoom Plaza Mall Development is one of Scope Development Egypt’s latest projects. The mall is located in 5th Settlement, New Cairo, and is designed to be a premier destination for shopping, dining, and entertainment. The mall is the ideal location to spend time with family and friends because it has a variety of dining options, cafes, retail stores, and entertainment venues. The project is intended to offer world-class shopping and entertainment options to the people of New Cairo, and it is constructed to the greatest quality standards.
To sum up, Scope Development Egypt is a top real estate development business that has made a name for itself in the industry. All of the company’s residential and commercial projects demonstrate its dedication to quality, meticulous attention to detail, and client satisfaction.
Strategic Locations and Prime Real Estate
Scope Development Egypt is a reputable real estate development company that has successfully created unique projects with elegant designs, strategic locations, excellent value, and quality service. The company’s focus on prime locations has made it one of the leading companies in the field of real estate development in Egypt.
New Cairo and West Cairo
Development of Scope West Cairo and New Cairo are two of the most sought-after areas in Egypt, and Egypt is well-represented there. These neighborhoods are well-known for their opulent way of life, first-rate infrastructure, and proximity to important business sectors, making them perfect for residential and commercial developments.
Scope Development Egypt has several ongoing projects in New Cairo, including residential and commercial developments that offer modern amenities and exceptional value. West Cairo, on the other hand, is home to some of the company’s most prestigious projects, including luxury villas, apartments, and commercial spaces.
Vital Centers and Accessibility
Scope Development Egypt’s projects are strategically located in vital centers that offer easy access to major highways, airports, and key business districts. The company’s focus on accessibility has made it a top choice for investors and homebuyers looking for prime real estate in Egypt.
In addition to its prime locations, Scope Development Egypt’s projects are designed to offer a luxurious lifestyle that caters to the needs of modern-day living.
The company is known as one of Egypt’s most dependable and trustworthy real estate developers because of its dedication to quality and perfection.
Scope Development Egypt is a top option for investors and purchasers searching for great real estate in Egypt because of its emphasis on quality, accessibility, and prime locations.
Investment and Valuation
Real Estate Investment Returns
Real estate investing can be profitable for people seeking long-term gains. Scope Development Egypt offers reasonable costs for both residential and commercial complexes; unit prices begin at 3,000,000 Egyptian pounds. The business is dedicated to providing projects of the highest caliber, which can contribute to a high rate of return on investment for investors.
Market Valuation and Appraisal
Valuation professionals are essential to navigate Egypt’s complex real estate market successfully. They assist investors in making wise judgments by offering perceptions of possible hazards. As per the Chairman of the General Authority for Investment and Free Zones, Scope Real Estate was founded as an Egyptian joint stock company. The founders, board members, and experts in appraisal, valuation, and real estate investment are accredited by the Central Bank and a group of Egyptian and international bodies. This accreditation can help investors feel confident in the company’s ability to provide accurate market valuations and appraisals.
Investment returns and market valuations are essential factors when investing in real estate. With over 25 years of experience in the field, Value Real Estate Development is one of Egypt’s leading companies in real estate development. They are the largest real estate developer in Cairo and are committed to delivering an exceptional standard across all their projects. Investors can rely on their expertise to help ensure a high return on investment and accurate market valuations and appraisals.
Real estate investing can be lucrative, but several aspects, including market values and investment returns, must be considered. Potential investors may find Scope Development Egypt a viable choice because of its reasonable rates and dedication to outstanding quality work. Furthermore, the valuation specialists at Value Real Estate Development and Scope Real Estate may offer insightful analysis and support to investors in their decision-making.
Design and Architecture
Scope Development Egypt is a company that specializes in providing engineering consultancy services, design, feasibility studies, project management, site supervision, and technical support. The company has been in operation since 2005 and has established itself as a leading provider of engineering and architectural services in Egypt.
Architectural Excellence
The company’s team of architects is highly skilled and experienced in designing functional and aesthetically pleasing buildings. They are dedicated to ensuring that their clients’ structures are created to the highest possible standards of architectural brilliance. Knowing the newest architectural trends, the architects at Scope Development Egypt can design structures that perfectly capture their clients’ lifestyles.
Interior Design and Privacy
Apart from designing buildings, Scope Development Egypt also provides interior design solutions. Their talented team of interior designers excels at creating aesthetically pleasing and valuable rooms. They are committed to ensuring that their clients’ spaces are designed to meet their unique lifestyles while also maintaining privacy.
The company understands that privacy is an essential aspect of any building or space and strives to ensure that its clients’ privacy is respected. It takes great care in designing spaces that provide privacy while being functional and aesthetically pleasing.
To sum up, Scope Development Egypt is dedicated to offering its clients the best engineering and architectural services. Their team of interior designers and architects is very talented and experienced in creating places and buildings that are both aesthetically beautiful and useful. Scope Development Egypt is the company you can choose from if you need interior or architectural design services.
Scope Development’s Business Approach
Scope Development Egypt is a leading real estate development company that focuses on delivering high-quality projects to its clients. The company’s business approach concerns client satisfaction, collaboration with engineering consultants and partners, and efficient project management.
Client-Centric Operations
Scope Development Egypt strongly emphasizes client satisfaction. The company’s professionals work closely with clients to understand their needs and requirements, ensuring that all projects are tailored. The company’s client-centric approach has earned it a reputation for delivering projects that exceed clients’ expectations.
Scope Development Egypt employs a rigorous quality control process to ensure that clients are satisfied with the quality of its projects. The company’s team of experts conducts regular inspections and tests to ensure that all projects meet the highest quality and safety standards.
Collaboration with Engineering Consultants and Partners
Scope Development Egypt collaborates with engineering consultants and partners to ensure its projects are designed and built to the highest standards. The organization’s expert team collaborates closely with its partners to guarantee timely and cost-effective completion of all projects.
The company’s engineering consultants and partners are carefully selected based on their expertise and experience. Scope Development Egypt only works with partners who share its commitment to quality and client satisfaction.
Efficient Project Management
Scope Development Egypt’s project management team ensures that all projects are delivered on time and within budget. The company’s project managers are experienced professionals skilled in managing complex projects.
Scope Development Egypt uses a variety of project management tools and methodologies to guarantee the practical completion of any project. These include detailed project plans, regular progress reports, and risk management strategies.
In conclusion, Scope Development Egypt’s business approach concerns client satisfaction, collaboration with engineering consultants and partners, and efficient project management. The company’s dedication to quality and client satisfaction has made it one of Egypt’s top real estate development firms.
Regulatory Environment and Compliance
Complying with all relevant laws and regulations and thoroughly understanding the regulatory landscape is crucial when conducting business in Egypt. This section will outline Egypt’s regulatory landscape, including the General Authority for Investment and Free Zones, the legal system, and contracts.
General Authority for Investment and Free Zones
The General Authority for Investment and Free Zones (GAFI) is the leading regulatory organization encouraging investment in Egypt. Throughout the investment process, GAFI assists investors and grants investment licenses. In addition, the organization ensures that all relevant laws are followed and enforces investment requirements.
Legal Framework and Contracts
Egypt’s legal framework is based on civil law principles, with the Egyptian Civil Code as the primary law source. Businesses must comply with several other laws and regulations, including tax laws, labor laws, and environmental regulations.
It is crucial to ensure that all agreements are in writing and enforceable by law when it comes to contracts. Contracts should include all pertinent terms and conditions, such as payment terms, delivery schedules, and warranties. It is also crucial to ensure that contracts are examined and approved by legal counsel to guarantee compliance with all relevant rules and regulations.
In conclusion, compliance with Egyptian regulations is essential for business operations. Companies can operate successfully and avoid potential legal issues by understanding the regulatory environment and ensuring compliance with all applicable laws and regulations.
Community and Lifestyle
Scope Developments is committed to providing its customers with a unique, unparalleled lifestyle across all communities. The company has designed its projects to meet the needs of every community member, from children to seniors.
Educational and Medical Facilities
Scope Developments understands the importance of education and healthcare in a community. Therefore, the company has integrated educational and medical facilities into its projects. The academic facilities are equipped with modern technology and provide a high-quality education that meets international standards. The medical units are staffed with highly qualified medical personnel and equipped with modern medical equipment to ensure the health and well-being of the community.
Clubs and Recreational Areas
Scope Developments believes that a healthy lifestyle is essential for a happy community. Therefore, the company has designed its projects to include clubs and recreational areas catering to every community member’s needs. The clubs offer a variety of activities, including sports, fitness, and social events. Families can enjoy the outdoors and spend valuable time together in the recreational areas.
In conclusion, Scope Developments is committed to providing its customers with a unique, unparalleled lifestyle across all communities. The company has integrated educational and medical facilities, clubs, and recreational areas into its projects to meet the needs of every community member.
Project Execution and Delivery
After the project’s scope has been developed, the next crucial step is the execution and delivery of the project. This phase involves the actual implementation of the plan and the delivery of the final product or service to the client.
Construction and Maintenance
During the project execution phase, the construction and maintenance of the project are of the utmost importance. The construction team must ensure the project is built according to the specifications outlined in the plan. Any deviations from the plan should be reported and addressed immediately. Post-construction maintenance is also essential to ensure the project’s longevity and durability.
Security and Delivery Schedules
Security is a significant concern during the project’s execution and delivery phase. It is essential to ensure that the project site is secure and that all necessary measures are taken to prevent unauthorized access. Delivery schedules must also be strictly followed to ensure the project is delivered within the agreed-upon timeline. Delivering delays can have significant financial implications for the client and the project team.
In conclusion, the project execution and delivery phase is a critical stage of the project lifecycle. It requires careful planning, meticulous execution, and constant monitoring to ensure the project is delivered on time, within budget, and to the client’s satisfaction.
Real Estate Market Dynamics
The real estate market in Egypt has been experiencing steady growth over the years, with increasing demand for housing and commercial units. Several factors have driven this growth, including government initiatives, urban expansion, and the rise of complementary areas such as shopping malls and entertainment centers.
Housing Units and Prices
The demand for housing units in key cities of Egypt, such as Cairo, has increased, increasing the number of units and their prices. According to a recent market analysis, Egypt’s residential real estate market is estimated to reach USD 33.67 billion by 2029, growing at a CAGR of 10.96% during the forecast period (2024-2029). The government has also been implementing initiatives to address the issue of affordable housing, which has been a significant concern for many Egyptians.
Commercial Units and Investors
Egypt’s commercial real estate market has also been increasing, driven by the expansion of commercial areas and the influx of foreign investors. The commercial sector is expected to grow at a CAGR of 10.96% between 2023 and 2028, reaching a value of USD 30.34 billion by 2028. Real estate developers have been developing commercial units such as shopping malls, office spaces, and hotels to cater to the growing demand.
Investors have also shown interest in the Egyptian real estate market, attracted by the favorable investment climate and the government’s efforts to promote foreign investment. The government has been implementing several reforms to improve the ease of doing business in Egypt, making it more attractive to investors.
Overall, the real estate market in Egypt is expected to maintain momentum in the coming years, with continued demand for housing and commercial units. However, rising construction costs and potential economic fluctuations could challenge the market. Real estate developers and investors must stay informed about market trends and make informed decisions to navigate these challenges successfully.
EGYPT MLS
Egypt MLS, under Arab MLS, is a cutting-edge real estate platform for licensed professionals, realtors, and brokers in Egypt. It offers a comprehensive property database for easy searching, comparing, and booking of properties for sale, set to revolutionize the real estate industry in Egypt.
Frequently Asked Questions
What are the latest projects undertaken by Scope Developments in Egypt?
Scope Developments is committed to providing its customers with luxurious residential and commercial properties. Their latest project is the “Scope Residence” in New Cairo, which offers a unique living experience with its modern design and state-of-the-art facilities. The project is currently under construction and is expected to be completed by the end of 2024.
How does Scope Development’s approach to real estate in Egypt differ from that of other companies?
Scope Developments’ approach to real estate in Egypt is based on providing high-quality properties that cater to the needs of its customers. Their properties are designed to be functional and aesthetically pleasing, focusing on creating a comfortable living environment. They also offer competitive, affordable pricing for a wide range of customers.
What types of properties do Scope Developments offer in New Cairo?
Scope Developments offers a wide range of properties in New Cairo, including apartments, duplexes, and villas. Their properties are designed to cater to the needs of different customers, and they have a variety of layouts and sizes available. They also offer properties with other features and amenities, such as private gardens, swimming pools, and gyms.
Can you list the achievements of Scope Developments in the Egyptian real estate market?
Scope Developments has established itself as a leading real estate developer in Egypt, with a track record of delivering high-quality properties to its customers. Some notable achievements include completing the “Scope Park Avenue” project in New Cairo, delivering ahead of schedule, and exceeding customer expectations. They have also received several awards for their innovative designs and commitment to quality.
What partnerships or collaborations has Scope Developments engaged in within the Egyptian market?
Scope Developments has collaborated with several reputable companies and organizations in the Egyptian market, including the New Urban Communities Authority (NUCA) and the Ministry of Housing. These partnerships have enabled them to access prime locations for their projects and leverage the expertise of industry leaders.
How can investors get involved with Scope Developments’ projects in Egypt?
Investors can get involved with Scope Developments’ projects in Egypt by contacting their sales team and expressing interest. Scope Developments offers a range of investment opportunities, including off-plan purchases and joint ventures. Their sales team can provide detailed information on the investment process and the expected returns.
