IL Cazar Developments, a prominent real estate company, has announced the remarkable achievement of EGP 9.8 bn in sales and reservations for its latest coastal endeavor, Safia Ras El Hekma, within a mere three days of its launch, following the initial announcement made two months prior, Invest-Gate reports.
Safia project stands out as one of the most distinguished developments unveiled on the North Coast, particularly in Ras El Hekma, now a coveted coastal investment hub experiencing remarkable growth and unparalleled interest from both Egyptian and international buyers seeking to secure properties in the area.
Spanning an expansive 180-acre footprint at kilometer 186, Safia represents a total investment of EGP 30 bn. The project showcases distinctive architectural designs, featuring elevations ranging from 3 m to 40 m above sea level, affording every unit breathtaking panoramic sea views. IL Cazar aims to commence project deliveries by 2029.
Reflecting on this swift triumph, Mr. Nader Khozam, Chairman and CEO of IL Cazar Developments, underscored the significance of this milestone, declaring: “The rapid success we’ve realized in sales and reservations for the Safia project within just 3 days is a testament to our capabilities and reinforces the trust our clients have placed in us. We are committed to offering unique experiences to our clientele and the Egyptian market, bolstering the nation’s real estate sector and aligning with the government’s efforts to attract foreign investments.”
“Safia represents a pivotal component of our comprehensive strategy to introduce a coastal development that rivals global counterparts, situated in the prestigious locale of Ras El Hekma. This underscores Egypt’s global competitiveness, with Ras El Hekma garnering international acclaim for its exceptional attributes, poised to attract millions of tourists annually and establishing itself as a burgeoning Egyptian tourist destination enticing both local and foreign investments,” Khozam elaborated.
Safia epitomizes contemporary coastal developments adhering to global standards. The project is meticulously planned, with only 15% of the total area designated for construction, while the remaining space is dedicated to lush landscapes, swim-friendly lagoons, commercial zones, and entertainment districts catering to the needs of every family member.
Safia’s designs, crafted by the esteemed architect Arch. Raef Fahmi, renowned for numerous distinguished projects, epitomizes sophistication and innovation.