Dr. Ahmed Saqr, Chairman of the company, stated that the platform is unique, offering 12 villas—half of them directly on the first row facing the sea—alongside a luxury hotel providing hospitality at the highest level of expertise and luxury.
Saqr added that the project presents a rare investment opportunity to own premium square meters directly on the seafront, with a down payment of 15,000 EGP in three installments, the third due one year after signing the contract. Monthly installments average 2,500 EGP over 48 months, with immediate delivery and full luxury finishing to hotel standards by 2026.
The project covers an area of 4,400 square meters, including 1,400 square meters of buildings and 800 square meters of light structures. It is adjacent to Emaar’s new project, whose details will be announced in June, ensuring guaranteed proximity to the sea and a distinctive investment experience in the Sidi Abdelrahman area.
Saqr explained that the total number of shares in the project is 3,081, representing joint ownership at varying proportions: 100% of the buildings, 50% of the light structures, and 33.3% of the land.
He pointed out that the winter launch price is 150,000 EGP, with an expected rental yield of 14% on cash, conservatively estimated, and a capital surplus reaching 22%. The total value of the hotels at the launch price is 462,150,000 EGP, covering everything, including a summer solar power station that provides energy and reduces reliance on the national grid. This partnership with Efika lowers energy costs, offering a model unlike any other on the North Coast or in Egypt’s tourism sector.