Palm Hills Implements Up to 2,700 Units in Phase I of Badya

Palm Hills Implements Up to 2,700 Units in Phase I of Badya

Palm Hills Developments announces the implementation of 2759 new units in Badya diverse between 148 buildings, 1959 housing units, and 800 villas, Invest-Gate reports.

The implementation rates align with the plans set to develop phase I of Badya, which should be completed in 2023.

Palm Hills Developments pledges to spend more than EGP 1 bn on construction and buildings in Badya, the largest real estate project in West Cairo.

The company is set to start working on phase II next year while completing phase I in order to deliver the units to the clients according to the delivery dates and meet the huge demand for the project.

Moreover, the company starts to deliver the first phase of villas before the expected delivery dates, to accelerate the pace of construction of the project and deliver the units to the clients before the scheduled dates as the demand for the project increases.

Palm Hills achieves the highest sales in Egypt during Q1 2022 at a value of EGP 5.5 bn compared to EGP 3.4 bn, with an increase of 62% on an annual basis.

This increase in sales goes back to the increase in selling prices coinciding with the growth in the number of units sold during this period and an increase of 96% on an annual basis reaching 959 units in Q1 2022 compared to 488 units sold in Q1 2021.

Hazem Badran, Co-CEO and managing director of Palm Hills Development, says that the great demand for Badya’s units and the accelerated growth rates in sales push Palm Hills to speed up the pace of construction in the city. Thus, completing the largest number of units in order to deliver the units ahead of schedule.

Badya is one of the largest projects for Palm Hills Development and the first integrated smart residential city in West Cairo with an investment of EGP 100 bn in collaboration with the Urban Communities Authority.

The project spans over 3000 acres with 50,000 housing units, varying between apartments, penthouses, townhouses, and standalone villas divided into six residential phases, and each phase is a separate community with its own services and facilities.

The project also features commercial units representing 12% of Badya’s land including different educational, sports, and entertainment facilities, the most notable is Badya International University associated with is one of the biggest universities in Europe. In addition to that, six local and international schools equipped at the highest level. Badya also includes a sports club on 80 acres, besides shopping malls, administrative offices, a clubhouse, cinemas, spas, and international hotels.

It is worth mentioning that Badya is located in the middle of the ring road around Greater Cairo and the regional ring road. It is also located on Al-Wahat (Oasis) road and is 45 minutes away from the NAC. Badya also oversees many of the new main axes, which refers that the project is connected to all kinds of services all over Greater Cairo.


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