Concept Developments has launched the fourth phase of its flagship North Coast project, Siela, offering units ranging from 50 to 125 sqm with flexible, interest-free payment plans of up to nine years, Invest-Gate reports.

Ehab Aboelmagd, Chairman of Concept Developments, said the new phase follows the successful delivery of the first and second phases, underscoring the company’s commitment to its timeline and service delivery. “This reflects our clear roadmap for delivering units and ensuring clients can benefit from the full range of services,” he stated.

The fourth phase features one-, two-, and three-bedroom chalets, with down payments starting at 5%. New amenities include a children-only aqua park, swimming pools throughout the phase, multiple pool bars, and a wide artificial waterfall.

Aboelmagd noted these additions complement previous amenities such as a full-scale aqua park, a one-feddan artificial beach, a commercial mall, a dancing fountain, the largest artificial waterfall in the North Coast, sports courts, and multiple pools.

Built over 15 feddans, Siela includes around 1,130 fully finished units, as well as retail and entertainment zones. The built-up area accounts for 30% of the total land.

He added that the company hosted a celebratory event aligned with its campaign to revive summer memories and deliver a high-quality, luxurious lifestyle.