Egypt’s property developer Mountain View has announced that its newest phase at Mountain View Ras ElHikma, “Rhodes Island,” was sold out in just two days, with contractual sales totaled at EGP 1.5 bn, Invest-Gate reports.

Rhodes Island saw a large turnout of interested buyers, following the success of the previous phase in Mountain View Ras ElHikma, “Paros,” according to a press statement on August 21.

Offering infinite serenity and luxuriant landscapes, the new Greek island is divided into two zones, namely Rhodes Views and Rhodes Lagoon. The former area features a number of two- and three-bedroom chalets, built 34 meters above sea level

For his part, Amr Soliman, chairman and CEO of Mountain View, revealed that this month will see the launch of a new phase, featuring a limited number of distinctive villas, in response to high demand on fully-finished villas and twin houses.

Besides, Soliman denied all allegations of a slowdown in the Egyptian real estate or tourism development markets. He referred to the company’s record-breaking sales, highlighting that the developer managed to sell all units of New Cairo’s Club Villa in just five hours.

Additionally, he praised the state’s efforts, especially the housing ministry, in supporting the property sector over the past years. He confirmed that real estate investors exert major efforts to boost urban development and increase their business volume, which, in turn, contribute to backing the Egyptian economy.

Just three hours away from Cairo, and 15 kilometers from the Fouka Road exit, Mountain View Ras ElHikma aims to showcase the essence of Greek architecture, providing its clients with a wide range of services and facilities. This includes a ladies beach, a community center, a promenade, a commercial hub, food and beverage (F&B) outlets, 19 swimming pools, an 800-meter pristine white sand seashore, to name a few.