Ajna Developments has announced the launch of its newest venture, Eastville, situated in New Cairo’s Fifth Settlement, Invest-Gate reports.

Encompassing 20 acres with a total investment of EGP 5 bn, the project signifies a strategic collaboration with industry experts: Dr. Ahmed Youssef Al Araby of Kelma Development Consulting, Dr. Omar Okail of Azure Architects, and Mohamed El Messary of Frontline Commercial Real Estate.

This partnership aims to expedite the project’s advancement, showcasing Ajna Developments’ dedication to delivering innovative, top-tier real estate offerings that foster cohesive urban communities in line with Egypt’s Vision 2030.

“Eastville” project emerges as a distinguished addition to the Fifth Settlement in New Cairo, envisioned by Ajna Developments to cultivate a dynamic urban community that enriches residents’ lives and uplifts the surrounding locale.

Boasting an array of amenities and comprehensive services, the project features modern designs that exude distinctive urban charm.

Comprising a variety of residential units spanning 190 to 290 sqm, strategically positioned amidst numerous lakes, unit handovers are slated to commence in 2028.

Eng. Osama Shalaby, the Chief Executive Officer of Ajna Developments, emphasized, “Our commitment lies in presenting innovative visions within the Egyptian real estate sphere through the creation of integrated, top-notch projects that cater to our clients’ requirements, align with global trends, and contribute to sustainable urban progression, fortifying our standing in the real estate domain.”

Furthermore, Shalaby expressed, “In line with our expansion strategy, we are delighted to introduce ‘Eastville’ in New Cairo, a significant new addition to our portfolio alongside the ‘Carnelia’ project in Ain Sokhna, boasting investments totaling EGP 10 bn. At Ajna Developments, we are propelled by the confidence and trust of our clientele to strive for greater accomplishments.”