ARDIC for Real Estate Development and Investments has rolled out a new phase of its EGP 5 bn project in Mostakbal City, east Cairo, named “Zizinia El Mostakabal,” coming as part of the Egyptian developer’s expansion plans in the new urban area, Invest-Gate reports.
The new phase includes units of sizes ranging from 90 to 150 square meters, Mahmoud Hegazi, the company’s chairman, revealed in a press release on September 29, noting that potential clients are provided with 12-year payment schemes.
Meanwhile, phase I of Zizinia El Mostakabal, which incorporates 800 residential units, is set for delivery in June 2022, while the entire project is planned for completion by 2023, Hegazi further stated.
ARDIC has also sold out and handed over 1,100 residences in four other urban developments in east Cairo, under the Zizinia series, the chairman added.
Extending over 70 acres, Zizinia El Mostakabal comprises a total of 2,400 homes, with different residential modules and spaces of up to 300 square meters. Almost 80% of the compound is dedicated to green landscapes, not to mention that the entire project is powered by solar energy, according to the statement.