“Theqa” …A Flagship Solution by Madinet Masr to Eliminate Maintenance Deposit Challenges in the Real Estate Sector – Egypt Today

“Theqa” …A Flagship Solution by Madinet Masr to Eliminate Maintenance Deposit Challenges in the Real Estate Sector – Egypt Today

Stemming from its 65-year legacy and expertise in the Egyptian real estate sector, with its proven innovation leadership that aims to create cutting-edge solutions to the major challenges facing the sector and customers, Madinet Masr unveiled "Theqa" through its innovation arm, "Madinet Masr Innovation Labs". "

 

Theqa" is considered the first-of-its-kind property warranty to replace the maintenance deposit by covering all maintenance of public areas and basic services in residential compounds, which guarantees high-quality maintenance across Madinet Masr projects to achieve added value to the project, thus increasing the unit’s value in the future.

 

"Theqa" is an innovative concept that is set to revolutionize the real estate market by addressing the concerns of customers. With "Theqa", Madinet Masr redefines mutual trust between the developer and the customer as it provides a “property warranty certificate” instead of the regular “maintenance deposit”, without requesting any additional increases or differences in maintenance for 13 to 20 years.

 

This unprecedented solution provides a clear and more suitable experience for property owners, which aligns with the company’s strategy to drive growth in Egypt by developing sustainable communities, as well as creating innovative solutions to the pressing challenges in the real estate realm.

 

Commenting on this milestone, Eng. Abdallah Sallam,