{"id":635896,"date":"2017-12-17T04:03:19","date_gmt":"2017-12-17T04:03:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/sodic-east-sales-hit-egp-1-8-bn-sherif\/"},"modified":"2017-12-17T04:03:19","modified_gmt":"2017-12-17T04:03:19","slug":"sodic-east-sales-hit-egp-1-8-bn-sherif","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/sodic-east-sales-hit-egp-1-8-bn-sherif\/","title":{"rendered":"SODIC East sales hit EGP 1.8 bn -Sherif"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>SODIC has recorded EGP 1.8 bn in contracted sales at its Sodic East project,<\/strong> CEO <a href=\"http:\/\/www.almalnews.com\/Story\/357001\/16\/%D9%85%D8%A7%D8%AC%D8%AF-%D8%B4%D8%B1%D9%8A%D9%81-1-8-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87-%D9%85%D8%A8%D9%8A%D8%B9%D8%A7%D8%AA-%D8%B3%D9%88%D8%AF%D9%8A%D9%83-%D8%A5%D9%8A%D8%B3%D8%AA-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%82%D8%AF%D9%8A%D8%A9\">Magued Sherif told Al Mal<\/a>. The project\u2019s first phase, involving 350 units, was sold out in seven days, he says. The project is being co-developed with Heliopolis Housing over a 655 feddan land plot. Sherif added that he does not expect the real estate market to witness the large jumps in prices seen in 2017 and for the increases to be limited to 10-12%, but he expects demand to remain resilient especially as interest rates drop.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SODIC has recorded EGP 1.8 bn in contracted sales at its Sodic East project, CEO Magued Sherif told Al Mal. The project\u2019s first phase, involving 350 units, was sold out in seven days, he says. The project is being co-developed with Heliopolis Housing over a 655 feddan land plot. Sherif added that he does not [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635896","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9a612dee-0927-4414-9a62-856ef49e4b31","order":"0","is_powered_by":true,"section_story_id":"8ab8e8ca-01d1-4376-95ce-6c178c3ea6fb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635883],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SODIC East sales hit EGP 1.8 bn -Sherif - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/sodic-east-sales-hit-egp-1-8-bn-sherif\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SODIC East sales hit EGP 1.8 bn -Sherif\" \/>\n<meta property=\"og:description\" content=\"SODIC has recorded EGP 1.8 bn in contracted sales at its Sodic East project, CEO Magued Sherif told Al Mal. The project\u2019s first phase, involving 350 units, was sold out in seven days, he says. The project is being co-developed with Heliopolis Housing over a 655 feddan land plot. Sherif added that he does not [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/sodic-east-sales-hit-egp-1-8-bn-sherif\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-17T04:03:19+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/sodic-east-sales-hit-egp-1-8-bn-sherif\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/sodic-east-sales-hit-egp-1-8-bn-sherif\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SODIC East sales hit EGP 1.8 bn -Sherif\",\"datePublished\":\"2017-12-17T04:03:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/sodic-east-sales-hit-egp-1-8-bn-sherif\/\"},\"wordCount\":95,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/sodic-east-sales-hit-egp-1-8-bn-sherif\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/sodic-east-sales-hit-egp-1-8-bn-sherif\/\",\"name\":\"SODIC East sales hit EGP 1.8 bn -Sherif - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-12-17T04:03:19+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/sodic-east-sales-hit-egp-1-8-bn-sherif\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/sodic-east-sales-hit-egp-1-8-bn-sherif\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/sodic-east-sales-hit-egp-1-8-bn-sherif\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SODIC East sales hit EGP 1.8 bn -Sherif\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"SODIC East sales hit EGP 1.8 bn -Sherif - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/17\/sodic-east-sales-hit-egp-1-8-bn-sherif\/","og_locale":"en_US","og_type":"article","og_title":"SODIC East sales hit EGP 1.8 bn -Sherif","og_description":"SODIC has recorded EGP 1.8 bn in contracted sales at its Sodic East project, CEO Magued Sherif told Al Mal. 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The company is also eyeing sales of EGP 57.8 bn in the next 10 years from its SODIC East project. The first phase of SODIC East has already sold out with EGP\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":636074,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/heliopolis-housing-to-get-30-of-revenues-from-sodic-east-sales\/","url_meta":{"origin":635896,"position":1},"title":"Heliopolis Housing to get 30% of revenues from SODIC East sales","author":"enterpriseam admin","date":"20 December 2017","format":false,"excerpt":"Heliopolis Housing will get 30% of the sales revenues of residential units and 30.2% from commercial units at SODIC East, according to a bourse disclosure. The project\u2019s first phase, bringing in EGP 1.8 bn, was sold out in seven days, SODIC CEO Magued Sherif had announced during the week. SODIC\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642642,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/earnings-watch-sodic\/","url_meta":{"origin":635896,"position":2},"title":"Earnings watch: SODIC","author":"enterpriseam admin","date":"20 August 2017","format":false,"excerpt":"EARNINGS WATCH- Our friends at SODIC reported a 130% y-o-y increase in consolidated net profit to EGP 340 mn in 1H2017. Revenues increased by 88% y-o-y to EGP 1.173 bn. The surge in revenues was driven by a 103% y-o-y rise in deliveries in 1H2017. \u201cNet contracted sales for the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642934,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/sodic-subsidiary-extends-facility-with-aaib-to-egp-1-4-bn\/","url_meta":{"origin":635896,"position":3},"title":"SODIC subsidiary extends facility with AAIB to EGP 1.4 bn","author":"enterpriseam admin","date":"27 August 2017","format":false,"excerpt":"SODIC subsidiary extends facility with AAIB to EGP 1.4 bn: SODIC\u2019s fully owned subsidiary SOREAL For Real Estate Development and the Arab African International Bank (AAIB) signed an addendum to a medium term facility which would see the loan increase to EGP 1.4 bn, the company said on Thursday (pdf).\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/8\/1387.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":649464,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/01\/sodic-reports-record-earnings-in-2016\/","url_meta":{"origin":635896,"position":4},"title":"SODIC reports record earnings in 2016","author":"enterpriseam admin","date":"1 March 2017","format":false,"excerpt":"SODIC announced record results yesterday with net profit after tax and minority interest coming in at EGP 429 mn for 2016, up 38% y-o-y. Revenues for the year also grew by 40% y-o-y to record EGP 2.07 bn. \u201cThe main contributors to revenue growth during 4Q16 and the 12 months\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647742,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/18\/sodic-looking-to-buy-egp-600-mn-worth-of-land-in-cairo-sherif\/","url_meta":{"origin":635896,"position":5},"title":"SODIC looking to buy EGP 600 mn worth of land in Cairo -Sherif","author":"enterpriseam admin","date":"18 May 2017","format":false,"excerpt":"SODIC is looking to expand its land bank: SODIC is looking to buy EGP 600 mn worth of land in north and west Cairo, Managing Director Magued Sherif told Ehab Farouk of Reuters\u2019 Arabic service. 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