Al Diwan for Real Estate and Tourism Investment, in partnership with Misr International for Construction and Development, is set to launch its landmark project “Villar Al Alamein” on Egypt’s North Coast with a total investment of EGP 20 bn, Invest-Gate reports.
The official launch will take place on Sunday, May 25, at a historic venue in Heliopolis, featuring a major celebration with prominent public figures and celebrities.
Mohamed Atta, CEO and Board Member of Al Diwan, said the mixed-use project spans 42 feddans and comprises 2,600 units ranging from 40 to 120 sqm, with luxurious sea-view apartments rising up to 13 floors. The project’s prime location offers direct views of lakes and the Mediterranean, with architectural designs crafted to appeal to a wide demographic.
Ahmed El Masry, Chairman of Misr International and landowner of the project, said the location was selected for its exceptional value and official allocation as a fully integrated urban area by ministerial decree. “Villar Al Alamein is designed to serve a broad market segment lacking access to high-quality, well-serviced, and reasonably priced properties,” he noted.
Hesham El Husseiny, Chief Commercial Officer at Al Diwan, added that the project’s construction cost exceeds EGP 4 bn, with expected sales between EGP 16–20 bn. Delivery is scheduled within 3.5 years. Engineering firm Mohamed Hafez Consultants was commissioned for the project’s architectural design.
Atta also revealed plans to expand to Ain Sokhna with a seafront project launch in winter 2026.