Mabany Edris, a pioneering real-estate developer, unveiled its latest projects in Egypt’s real estate market, “Ons New Zayed”, with an investment of EGP 13.5 bn, Invest-Gate reports.
Spanning over 84 feddans, the flagship project proudly stands in New Zayed City, West Cairo, setting new benchmarks for modern development, as it is located a few minutes away from the Grand Egyptian Museum (GEM), Giza Pyramids, and the Sphinx, to seize the nearest location to one of the most important touristic locations worldwide.
“Ons New Zayed” is also located near Sphinx International Airport and the New Nile River, an area considered an attractive new location for leisure walks and luxurious lifestyles. The project is surrounded by a wide group of significant residential, educational, and commercial projects, such as mega shopping malls, international universities, and other landmarks that guarantee unique tourist and entertainment services to the client.
By launching the “Ons New Zayed” project, Mabany Edris is continuing its success series in obtaining unique projects in West Cairo. The real estate company is one of the biggest developers in West Cairo, owning a diversified portfolio of residential, medical, industrial, and service projects.
“The company is very keen on choosing a unique location in New Zayed City to obtain its latest projects in the Egyptian real estate market, which is aligning with Mabany Edris expanding plan and the Egyptian government developmental vision, regarding developing West Cairo, as it is expecting to witness an increase in demand on real estate, touristic and services projects in the light of the upcoming inauguration of the Grand Egyptian Museum (GEM), and the presence of Sphinx International Airport,” said Mohamed Idris, CEO of Mabany Edris.
“Ons New Zayed” includes 1012 multi-size units, ranging from one-bedroom apartments to townhouses, twin houses, and villas. The apartment areas start from 60 to 200 sqm, while villa sizes start from 160 to 297 sqm. Mabany Edris is very keen on devising techniques that achieve the optimal usage of spaces.
Idris also noted that the project includes hotel apartments which will be rented to foreigners, and also a hotel to meet the tourist trend in the city, in addition to different services including a social club, administrative and commercial buildings, sports courts and a mosque.