Egypt’s national real estate developer City Edge Developments (CED) has announced the launch of phase II of its Mazarine Islands development in New Alamein, North Coast, following the successful sell-out of the project’s first phase, Invest-Gate reports.
Extending over 128 acres, and comprising 285 contemporary designed villas, with unit areas ranging from 364 to 672 square meters, Mazarine Islands comes in close proximity to the North Square, the largest commercial project on the North Coast, said Mohamed El-Mikawi, the company’s CEO, in the official press release on September 20.
Besides, the fully-fledged project provides residents and visitors with an assortment of services and amenities, varying from swimming pools to walking tracks, spacious greenery, and parking spaces, El-Mikawi noted, also pointing to the developer’s “North Edge Towers” project, which is the first of its kind on the southern Mediterranean Coast for featuring some 44-story high-rise buildings.
North Edge Towers does not only encompass the tallest buildings in Egypt, but also the first national project to feature skyscrapers with a view over the North Coast shoreline, the CEO elaborated.
According to the statement, the high demand for projects being developed by the New Urban Communities Authority (NUCA), and marketed by CED, reflects the customer’s understanding of the value of these projects, which will help promote the concept of all-year-round residency in the North Coast area.
CED Chairman Ashraf Salman indicated that the establishment of mixed-use projects such as the Mazarine Islands contributes to the redefinition of New Alamein as a fully integrated, functional, all-year-round destination.
This is on top of the remarkable impact of such high-demand projects on the development of sustainable fourth-generation cities, in line with the state’s strategic plans for urban development, the chairman concluded.