Concept Developments plans to deliver the first phase of Siela project in North Coast in November, with 200 housing units representing about 30% of the total project units of 600 housing units, Invest-Gate reports.
The project spans over 10 acres, and comprises about 600 units, besides commercial and recreational properties. The project also includes chalets starting from 45 sqm to 100 sqm. Siela project features a range of services, including a sea, an artificial waterfall, a dancing fountain, and a commercial center.
Chairman of Concept Developments Ehab Aboelmagd says that all utilities for the first phase have been completed. The utilities will be delivered fully finished and connected with all utilities and services, elaborated that client can use his unit after receiving it.
The real estate developer is to deliver the first phase in parallel with the development of the second and third phases of the project. Aboelmagd adds that concrete work is being carried out in the second phase of the project, which will be delivered in the period from October 2022 to March 2023.
He explains that the whole units of the second phase will be delivered fully connected to services and utilities and thus residents can use these units due to the availability of services, landscaping and swimming pools within the project.
He points out that the first phase of the project is sold out. 95% of the second phase is also sold out, meanwhile, the third phase of the project will be sold in the coming summer season.
Additionally, Concept Developments plans to develop a new project in North Coast, after legalizing lands following the transfer of lands mandate in North Coast to New Urban Communities Authority. The company plans to acquire a 50-acre plot of land in the North Coast.