Rekaz Developments kicks off its latest project, LAZULI, in Hurghada with total investments of EGP 250 mn, Invest-Gate reports.

The launch event took place at Hurghada with the presence of Rekaz’s CEO, employees, clients, and brokers.

LAZULI is an integrated residential touristic project located on 40,000 meters, and the company aims to implement distinctive projects in all its details, starting with choosing the project location, and an innovative architectural design that provides luxury and privacy to its clients.

In addition, LAZULI offers to its clients all the services and facilities they need on a high level to ensure an outstanding residency that includes a Clubhouse, tropical swimming pools, sports track, Gym & Spa, Central Park, Luxury hotel, Business and commercial spaces, High-end shops, paddle tennis and more.

LAZULI’s build-up area is 20% compared to the landscape, green areas, and lagoons that reach 80% of the total project area, besides the project, also features a distinguished commercial walkway extending to 350 meters.

Tamer Bakeer, CEO of Rekaz Developments, states that the developments which implemented by the government across the whole country provides real investment opportunities, besides, the developments over coastal cities and the state plan to activate those cities all over the year which attracts the investors and clients to these cities.

It is worth noting that LAZULI is the first gated private compound in Hurghada that provides a drive-thru service, indicating that providing the necessary services is an essential part to ensure a stable and distinguished residence for the clients within the projects, especially coastal projects.

Further, the company offers various flexible payment plans that satisfy all clients, which include a plan of paying a 10% down payment and the rest as equal installments over five years, or a 20% down payment and the rest as equal installments over six years.

Bakeer highlights that Rekaz developments focuses on sustainability standards and reducing power consumption that aligns with the state plans to implement sustainability standards, as well as, this vision has a great impact on the clients for the medium and long term, stressing that sustainability standards became a common dominator.