IL Cazar Developments, the leading company in the Egyptian real estate sector, has announced the start of delivering units for the “Creek Town” project, one of the most prominent urban developments in the New Cairo area, in the first quarter of 2025, Invest-Gate reports.

The company plans to deliver approximately 300 units, including twin houses and standalone villas, ranging in size from 200 to 400 sqm.

In this context, Mr. Nader Khozam, Chairman and CEO of IL Cazar Developments, stated: “The start of the delivery of units for the Creek Town project reflects the company’s commitment to providing residential projects that meet the highest standards of quality and excellence. We are proud to announce that the project is ready for the first phase of delivery, offering clients a distinctive living experience in the heart of New Cairo.”

Khozam added, “The company has worked to ensure that the Creek Town project is executed according to the highest standards of design and construction, meeting the expectations of our valued clients.” He further emphasized that the delivery of 300 units in this phase marks a milestone in IL Cazar’s journey toward realizing its vision of providing integrated and sustainable residential communities.

The Creek Town project is one of the most important real estate developments in the New Cairo area. It is the company’s second project and is located on the Suez Road in a prime spot in the heart of New Cairo.

The project spans 100 acres and is divided into three phases. The company has allocated about 80% of the total project area to green spaces and landscaping, with 20% designated for buildings, totaling approximately 300,000 sqm.

Total investments have exceeded EGP 11 bn. The project includes 1,500 residential units, all of which have been sold, generating a sales value of around EGP 17 bn. Commercial, hotel, and administrative units have not yet been launched.

The project’s units vary between standalone villas, twin houses, townhouses, and apartments, with areas ranging from 120 to 400 sqm. The residential buildings consist of five floors.

Notably, 100% of the construction has been completed, and the entire project is set to be delivered starting in 2026, with Shadad Construction Company handling the project’s contracting.