Iwan Uncovers EGP 5 bn Majada in Ain Sokhna

Iwan Uncovers  EGP 5 bn Majada in Ain Sokhna

Iwan Developments, along with its partner Idia Architects, revealed during a joint press conference held at Sofitel Al Gezira the long-awaited details of their new resort in Ain Sokhna, “Majada,” Invest-Gate reports.

Located 118 kilometers from the New Administrative Capital (NAC) and built on an area of 101 acres over a number of cascading levels, the luxury compound oversees a 30,000-square-meter private beach and will be built over four phases in seven years, at an estimated cost of EGP 5 bn, with phase I set to be delivered in 2024.

Majada has a mixture of unique and diverse services and facilities, as well as, a number of opulent villas and a selection of spacious, twin houses, chalets, duplexes, and ground floor studios with private gardens overlooking crystal clear lagoons and sea views.

With masterplan, interior concept, and finish carried out by award-winning design firm IDIA, Majada residences are designed to offer uninterrupted views of the scenic lagoons and waterways, in addition to stunning sea vistas of El Sokhna. Majada is modern in its expression, using lightly colored tones, natural elements, and glass to blend with the picturesque surroundings to create intimate and exclusive living spaces.

Commenting on the launch, the company’s managing director Walid Mohktar says, “We express our values by what we build,” explaining his driving vision for his latest project.

Iwan’s master-planned brainchild hopes to offer 1,600 families an opportunity to live in the type of supportive environment, in which, according to Walid, “People have no excuse but to live longer, healthier lives. In this community, expected to open in 2024, common roadblocks that preclude people from exercising and relaxing have been replaced by a variety of tools meant to simplify healthy living.”

Those tools include a boutique family medical clinic that will also host health seminars providing residents with the knowledge, medical expertise, and support to achieve their healthy lifestyle goals. In addition, there are mandatory facilitates and activities such as fitness center and spa, yoga center specially-equipped lanes for jogging, walking lanes in an effort to encourage their residents to adopt healthy lifestyles.

In addition, Majada offers opportunities to encourage mental wellbeing with some of the nodes of activities dedicated to centers for handicraft activities and a large range of cultural and relaxation opportunities all together set to promote quality of life and mental and physical wellbeing.

Inspired by the Arabic word Majadan, which means “gloriously” in Arabic, Majada is built on the concept of Chakras, expressed in what Ehab calls “ nodes” – central points of activity that promote different aspects of health, healing and creativity and are all interconnected with winding parks and greenway connectors linking the different activities such as Art cafes, beach club, boutique hotel, restaurants, and other amenities through designated walking and hiking trails and open green space for all ages all within the master plan.

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