Jdar Group announced on May 19 the launch of the second phase of its 137-acre residential project, Sea View North Coast, Invest-Gate reports.

Jdar Managing Director Ahmed Fakhry said in press statement that the launch of the project’s second phase followed the complete sale of the first phase.

While the whole project features 1,670 units, the second phase includes 94 buildings comprised of 468 units including villas and chalets with various spaces.

Fakhry added that the company offers its customers discounts for a limited period up to 20% when contracting on the second phase of the project, noting that the second phase is scheduled to be delivered in 2021.

The managing director added that 90% of the first phase of Sea View has been completed, with a total of 800 residential units. Meanwhile, the 700-unit first phase is scheduled for delivery before the end of 2020, he highlighted.

The company is also preparing to begin implementing a water desalination plant within the project, he pointed out.

He elaborated that the project’s investments reached EGP 4 bn, and being developed over three phases.