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Daily News Egypt
a day ago
- Business
- Daily News Egypt
Madaar Developments unveils EGP 30bn Kinz project in New Sheikh Zayed
Madaar Developments has announced the launch of Kinz, a new residential community in New Sheikh Zayed, with a total investment of EGP 30bn. Strategically located along the Cairo–Alexandria Desert Road, directly opposite Sphinx Airport, Kinz spans 200 feddans and offers a diverse mix of residential units. These include one- to three-bedroom apartments, twin houses, townhouses, and standalone villas—available in both single-story and multi-story designs. The project will comprise 1,500 units, developed over multiple phases. The first phase is expected to be completed within four years and aims to generate EGP 6bn in sales. Madaar is committed to a phased development approach to ensure the project's growth aligns with the highest standards of quality and execution. Kinz will feature a wide array of amenities, including a five-star hotel operated by a globally recognized hospitality brand making its first foray into the Egyptian market. Other offerings include serviced apartments, a 20,000 sqm commercial area, a sports club, a social club, and a cultural café designed to reflect the identity and spirit of the community. Founded in 2015 in partnership with Sunrise Group—a leader in the hospitality sector—Madaar Developments has become known for its integrated lifestyle projects. Among its flagship developments are Azha Ain Sokhna and Azha Ras El Hekma, which have together achieved over EGP 40bn in sales. Both projects combine residential, hospitality, commercial, and entertainment offerings in premier coastal destinations.
Economic Key
10-02-2025
- Business
- Economic Key
Al Oula Developments launches a package of pioneering projects with competitive payment systems in Ridge New Zayed
Al Oula Developments Company announced its ambitious plan to launch a package of new and distinguished projects in 'Ridge New Zayed' in New Sheikh Zayed City, as the company offers distinctive units with competitive prices and distinctive payment systems that guarantee the highest return on investment for its clients. Mohamed Mansour, Al Oula Developments Chairman, said that Ridge New Zayed is located in the heart of Sheikh Zayed City, and this area extends northwest of Zayed City and is distinguished by its strategic location in the facade of Sphinx Airport, and is only 5 minutes away from the Smart Village, which makes it a distinctive investment destination. He pointed that the projects in Ridge New Zayed is a strong opportunity for the client looking for a smart and guaranteed investment, as the client can rent the unit for a high return on investment, especially within the high demand for real estate products in West Cairo, and it can also be rented to students in universities near the project. He added that the projects being offered classified with various areas ranging from 60 to 250 meters, within flexible and competitive payment systems, besides the company also offers its clients payment systems with 10% as down payment and a payment period up to 15 years, in addition to offering a wide variety of units between apartments, duplex, penthouses and studios. He pointed that this area is distinguished with an integrated road network, that allows easy access to it from several main axes, including from the north: Cairo-Alexandria Desert Road, to the south: 6th October City, to the east: Dahshur Link and Rod El Farag Axis brigde, and to the west: the Middle Ring Road and the Regional Ring Road. He added that many modern roads and bridges are currently being implemented to connect New Sheikh Zayed to the main city, which greatly enhances its investment attractiveness, as New Sheikh Zayed City has become an attractive area for investment, as it attracted the attention of major Egyptian and foreign real estate developers. He pointed that new Sheikh Zayed City is an advanced urban extension of Sheikh Zayed City, and provides an integrated environment that combines modern urban planning, a strategic location, and advanced infrastructure, which makes it an ideal destination for housing and investment, assuring that the entire area is characterized by the elements that the foreign client is looking for in the project. He assured that Al Oula Developments Company has a strong business plan to invest in West Cairo area, which is the area that the state is working to develop to be the touristic capital of Egypt, which supports the plans of leading real estate companies to develop innovative projects that keep pace with the state's plan to export real estate and at the same time meet the aspirations of local client. ظهرت المقالة Al Oula Developments launches a package of pioneering projects with competitive payment systems in Ridge New Zayed أولاً على المفتاح الاقتصادي.
