El Waad Red Sea Tourism Development Company has announced the successful completion of marketing the first phase of the Tavira Bay Ras Sedr project, Invest-Gate reports.

The phase experienced a remarkable demand, leading to its rapid marketing. This phase comprised chalets, twin houses, and standalone villas.

Sherif Okasha, chairman of El Waad Red Sea, expressed that the strong success of launching the first phase, coupled with the high demand, has encouraged the company to proceed with the launch of the second phase. The company is now opening opportunities for contracting in this phase, which features fully finished independent villas offered at competitive prices. The payment systems for these villas are flexible, extending up to seven years.

Okasha elaborated that the units in this phase boast a direct and unobstructed view of the sea. They also come with a range of exceptional services that the company is confident in marketing according to a well-defined plan. These units offer privacy and diverse spaces, being introduced at a time when there is strong customer demand for property investment.

He further highlighted the distinguishing features of the Tavira Bay project, which benefits from its proximity to Cairo. Spanning an area of 115 acres, the project encompasses the highest proportion of entertainment services, green spaces, and commercial areas. It is a comprehensive residential and tourist project that guarantees customers a distinctive experience during their stay.