For his part, Wael Abdel Ghany, Chairman of JDAR Developments, reveals the updates on the Sea View North Coast project, the deliveries plan in 2023, and the most prominent services within the project, Invest-Gate reports.

Abdel-Ghany explains that the company’s investments in the Sea View North Coast project amount to about EGP 7 bn, adding that the project includes several services, most notably a 5-star hotel, 49 swimming pools, and a commercial area that includes restaurants, cafes, artificial lakes, a gym, an aqua park, a clubhouse, and a mosque.

“The company’s delivery plan in 2023 aims to deliver 600 units by the end of this year, and the target sales volume for the current year and next year amounts to EGP 3 bn,” Abdel-Ghany points out.

Abdel-Ghany continues that the marketing rate reached 45%. Meanwhile, the marketing of the first phase was fully completed, explaining that JDAR succeeded in overcoming all previous crises that faced the Egyptian market.

Abdel-Ghany stresses that the project is divided into three phases; the first phase represents 50% of the entire project area, pointing out that the first and second phases were sold completely in record time.

It is worth noting that the project occupies a privileged location on kilo 187 of the Alexandria-Marsa Matrouh Road, and is built on an area of 137 acres. The project includes a variety of housing units with a total of 2,000 units, varying between standalone villas, twin houses, and chalets with various areas starting from 57 sqm.