Al Arabia Real Estate and Development (ARCO) has launched the final phase of its project Le Reve at a total investment cost of EGP 1 bn, Al Borsa reported.

The project is reportedly 6% completed thus far and is set to include 120 villas over a 487,000 square meter area, according to Ayman Ibrahim, the company’s CEO.

Buyers can pay installments over 10 years from the date of purchase. ARCO currently owns one of the largest land banks in Egypt, with eight projects currently under construction.