The Clap
Madinet Nast (MNHD) recorded its highest ever bookings for units in July 2022, worth around EGP 1.5 billion, largely due to the launch of its Elect and Taj Ville projects.
The Deets
The launch of the first two phases of Elect played a huge part in the increase in sales, as the company has already sold 50% of the units in the first two phases.
In its statement, MNHD also justified the big jump in reservations due to sales of ready-to-deliver units in its Sarai project.
Elect
Elect is a project that combines modern villas and is higher than other units in Taj City by around 9 meters.
Why this Matters
Regardless of the tough economic situation as well as the slowdown in the real estate market in the summer, the company still managed to achieve record sales in July 2022.
MNHD records historic bookings in July 2022 🎇
