Egypt-based Al Ahly for Real Estate Development has launched the first phase of “The Ridge,” its latest villa-only community in Mostakbal City with total investments of EGP 2.5 bn and is expected to be delivered in 2023, Invest-Gate reports.

With a total area of 1 mn square meters and a built-up area of 400,000 square meters, The Ridge is set to feature eight types of elevations, offering a total of 1,400 units within the mixed-use urban community.

“The Ridge is inspired by the fact that it’s developed on an area that possesses different elevations which helped in introducing a variety of designs as well as exploring an array of unparalleled views,” according to Ahmed Sabbour, managing director of Al Ahly Sabbour. Ahmed Sabbour

“What makes this project different is that units are distributed across different levels and incorporate a number of non-symmetric designs, alongside new colors and materials that cater to the preferences of the new generation and their day-to-day lives,” he added.

Located 30 kilometers east of Cairo, the project is in close proximity to New Cairo city from the west and the New Administrative Capital from the east, as well as Cairo International Airport.

The Ridge encompasses two clubhouses and offers a diverse mix of units with sizes ranging between 260 and 380 square meters and varying modules – including standalone villas, twin houses, and townhouses.

Interested buyers are to benefit from an eight-year installment plan with a 10% down payment.

Commenting on the developer’s newest addition, the managing director noted, “Al Ahly Sabbour has a long proven track record in the market as a leading real estate developer. Over the course of 30 years, they have successfully developed 57 major projects in diverse fields including residential, retail, office buildings, touristic, social and sports clubs in prime areas in Egypt on over 12 mn square meters.”

He added that the unique expertise, vision, and capabilities of Al Ahly Sabbour ensure the successful implementation of new-to-market, integrated solutions that stand out and have an impact on the areas surrounding its projects.