New Jersey Developments has announced the successful sale of the first phase of its Jamila project, a luxury residential development on Egypt’s North Coast, Invest-Gate reports.
The sales follow ministerial approval, underscoring the company’s commitment to project execution. Construction on the first phase is now underway, reflecting New Jersey Developments’ dedication to timely delivery for clients.
For his part, Chairman Girgis Youssef highlighted the company’s strategy of securing all regulatory approvals before launching projects. “We obtained ministerial approval for Jamila’s first phase before offering it to our clients,” Youssef stated.
Moreover, located at kilometer 263 and spanning 130 feddans, Jamila’s first phase covers 50 feddans and includes a diverse range of units, such as chalets, duplexes, hotel apartments, studios, townhouses, and D-villas.
All units offer direct sea views, with sizes ranging from 75 to 217 sqm to accommodate varying client needs.
Notably, Jamila, scheduled for completion by 2027, will feature comprehensive amenities, including a 5-star hotel managed by the company, various restaurants and cafes, and a commercial mall with global retail brands.