Arab Developers Holding (ADH) announces the completion of the sale of all villas in the first phase of the Nyoum Mostakbal project, with a total value of EGP 1.4 bn, Invest-Gate reports.

The company sells 729 villas in the project, which is located in the New Administrative Capital. ADH contracts with Pillars for General Contracting to implement 12 residential buildings in the first phase of the Nyoum project, including 666 units.

The implementation rate at the villa units in Nyoum’s first phase amounts to 60%, two years before the date of delivery. CEO of ADH, Ayman Khalifa, states that his company sets a complete plan to maximize the project’s return on investments for shareholders. The implementation rates at the second and third phases of Nyoum total 20%.

Situated on 151 feddans in Mostakbal City, Nyoum is executed with over EGP 6 bn in investments. The project is implemented in six phases, including 3,474 units (382 villas and 3,092 apartments).