Egyptian developer NAIA Developments reported strong sales and construction milestones at its North Coast and New Capital projects, reflecting robust consumer demand, Invest-Gate reports.
NAIA Bay in Ras Al-Hikma has its Phase 1 final finishes and the offshore structure is 55% complete. NAIA West in New Sheikh City, situated on the Cairo-Alex road, is also advancing.
Mohamed Farag, Vice Chairman of the company, said summer sales exceeded expectations. The high-end VAIA segment at NAIA Bay fully sold out villas. Phase 2 interest is growing as it will feature lagoon views. NAIA West’s standalone, twin, and townhomes in its first phase sold out within six months.
Farag credited NAIA’s strategy of maximizing value and meeting needs. By anticipating demand, it has diversified offerings within a fast-growing yet dynamic market.
In line, NAIA has launched a second phase for NAIA West. Its location near the new Sphinx Airport serves Greater Cairo’s western region through key amenities and destinations. Standalone, twin, and town villas will again be available.
NAIA’s customer-centric approach and value proposition continue driving exceptional sales across its expanding property portfolio.