Abraj Misr, an Egypt-based real estate developer, launched a new phase of The Shore project, View 46, in Ras El Hekma in the North Coast, Daily News Egypt reported.
The project occupies a total area of 180 acres and its investments amount to EGP 2 billion, reported Al Mal News.
Dubbed View 46, due to the 46-meter elevation of the area from sea level, the new phase covers an area of 60,000 square meters and includes 500 housing units, said Tarek Bahaa, commercial director at Abraj Misr.
The project will host a range of two-,three-, and four-bedroom units ranging from 115 square meters to 180 square meters in size, all fully finished, Bahaa noted.
The Shore enjoys a beach of 1,100 meters in length, in addition to swimming pools and other commercial and recreational services that meet customers’ needs.
The resort is located on the 186th kilometer of the Alexandria-Marsa Matrouh Desert road. The projectis about 240 kilometers away from Cairo, after the completion of the new road to the North Coast (Alfoka) and Cairo, which will connect the North Coast directly.