Al Ahly Sabbour Development Co. has begun handing over 500 units in the first phase of the GAIA project in Ras El Hikma on Egypt’s North Coast, Invest-Gate reports.

The company plans to deliver 3,000 units across all projects this year as work continues in new phases of all offered projects, CEO Ahmed Sabbour said, adding Al Ahly Sabbour has started implementing a new management and marketing strategy for the next phase to offer the best services to customers.

The GAIA project includes 3,571 units, covering about 284 acres. The non-building area of around 1 mn sqm includes 44 swimming pools, artificial lakes, landscapes, and special project services at a construction cost of about EGP 8 bn, Sabbour said.

The company has achieved sales of about EGP 3.5 bn in the project so far this year out of an EGP 4 bn target for 2022, reflecting customer confidence, Sabbour said.

GAIA includes Kynd 01 Hotel, part of Al Ahly Sabbour’s Kynd Hotel chain brand, and will soon have a Sheraton Hotel in addition to clinics, stadiums, cafes, restaurants, and international brands like Bar Du Port.

The 3,571 GAIA units range from 262 to 284 sqm villas to 175 sqm twin houses, 122-147 sqm duplexes and chalets, with excellent facilities and a 9-year payment plan.