Cairo: JUMEIRAH EGYPT for Real Estate Investments officially announced the inauguration of its first project named “NAIA BAY” located in Ras El Hekma bay on the north coast, with investments worth EGP 7 billion , contributing to the prosperity of the local real estate sector, spanning an area of 112 acres. A press conference was held to announce this milestone for the company in the presence of partners helping to develop the land surrounding the shopping area.
With its characteristics that make it one of the most important coastal cities in the world, JUMEIRAH EGYPT for Real Estate Investments has decided to opt for this area as its first investment in the Egyptian market.
“Egypt has experienced a continuous urban renaissance over the past seven years, which has motivated Egyptian and international investors to expand into the market and take advantage of the development of the state in the creation of new cities and projects. urban ”, Hisham Eldanasoury, CEO of JUMEIRAH EGYPT for real estate investments said at the press conference. “In line with the Egyptian strategic plan 2052 and the state’s efforts to establish fourth generation cities, JUMEIRAH EGYPT for real estate investments is launching its first ‘NAIA BAY’ project in Ras El Hekma,” he added.
“With a unique environment and fascinating views, the innovative design of the” NAIA BAY “project is inspired by the Greek school of art and construction as well as contemporary architecture. With an imperial waterfront for all units, the design of the project, which is located 212 km away, aims to meet the needs of customers as it overlooks the artificial lakes to provide water views to all units.In addition, it offers a wide range of services and amenities, including a 5-star international luxury hotel, shopping center, private beach, swimming pools, cafes, restaurants and a private beach club. at the press conference.
“NAIA BAY” has 732 units with different residential types that meet different customer needs ranging from 65 m² to 520 m². The project includes a plethora of utilities and services; moreover, it is divided into 6 different zones to ensure the luxury and privacy of the clients, including a hotel zone with a private beach and unique facilities, as well as a bungalow and cabins, and a “Fira” zone for villas, twin houses, and townhouses. It also contains a “Pelagio” district, which consists of twin houses with a private imperial waterfront, and a “Hali” area which includes townhouses that overlook the lagoons. In addition, it includes a “Plaka” area for outlets and chalets, a “Poli” area for lavish kiosks, cafes and a point of sale for international brands. In addition, it includes a boutique hotel area.
In addition, the Company works hand-in-hand with leading specialist architectural consulting firms and world-renowned tourism service companies, as well as a US-based company, “Crystal Lagoon”, to oversee the construction of the 60,000 m² crystal lagoon. to offer an unparalleled experience and serve the residents of the project while ensuring their privacy.
It should be mentioned that Ras El Hekma Bay stretches 48 km across the Mediterranean Sea, making it a serious competitor to the largest beaches in the world. The aim of the city is to become one of the most popular facades in the world, due to its proximity to the new Alamein airport, therefore it will attract thousands of tourists from different countries of the world with its warm beaches in winter.
About JUMEIRAH EGYPT for real estate investments
JUMEIRAH EGYPT for Real Estate Investments has launched its operations with its first project “NAIA BAY” in Ras El Hekma on the new North Coast. With a total investment of EGP 7 billion and a land reserve of 112 acres in Ras El Hekma, JUMEIRAH EGYPT for Real Estate Investments aspires to be among the top five and largest companies in the Egyptian market and plans to increase its investments in real estate. during 2021. The company’s flagship project, NAIA BAY, is strategically located in Ras El Hekma, next to Ras El Hekma bay. In line with Egypt’s unprecedented urban expansion, JUMEIRAH EGYPT for Real Estate Investments has an outstanding portfolio of projects to meet client demands.
© Press release 2021