Makadi Heights, by Orascom Development Egypt, achieves EGP 441.8 mn in revenues during the first nine months of 2021, an increase of 281.8% when compared to EGP 115.7 mn in the same period of 2020, Invest-Gate reports.

The company’s sales hiked by 153.6% YoY to EGP 854.7 mn during the nine-month period ending in September 2021, compared to EGP 337 mn in the same period a year ago.

Makadi Heights achieved an increase in revenues of the city management sector by 38.6%, recording EGP 15.8 mn during the January-September period of 2021.

It is worth noting that Makadi Heights is elevated 78 m above sea level, guaranteeing magnificent views. The project is 20 minutes away from Hurghada Airport and 25 minutes away from the city of Hurghada. The project spans over an area of 3.4 mn sqm. It also features 9,000 residential units, 2,750 of them are sold.

Furthermore, the company launched Raya Villas with magnificent panoramic views of the city’s lakes. Raya villas include 100 units, ranging from junior villas, family villas, single-storey villas, twin villas, and townhouses, in addition to artificial lakes and vast green spaces. The villas, set to be delivered in 2025, are expected to generate EGP 700 mn in sales.