Sixth of October Development and Investment Company (SODIC) has launched its newest signature project in New Zayed, or “The Estates,” debuting a series of new projects to be developed in the newly-introduced area in west Cairo, Invest-Gate reports.
Building on SODIC’s success in catering to the upscale housing market in Allegria and addressing the demand for refined exclusive single-family homes, The Estates is part of the company’s signature communities, master-planned to ensure privacy and seamless integration with nature, while being serviced by a clubhouse and spa, designed by a world-class design house at the heart of the project, according to a recent press statement.
Envisioned as an all-villa community, distinguished by its low density and open suburban feel, The Estates spans over 630,000 square meters, with 160,000 square meters allotted for landscape and open spaces. The project will boast spacious luxurious homes with contemporary country architecture, ranging from mansion-like villas to townhouses and twin houses, located only five kilometers north of SODIC West.
Commenting on the launch, SODIC’s Managing Director Magued Sherif said, “We are very excited to bring this new community to the market and believe it will be one of the finest additions to our signature community series.”
In August, SODIC had announced that its fully-owned subsidiary, Al Yosr for Projects and Agricultural Development, has received approval by the New Urban Communities Authority (NUCA) for the masterplan of The Estates.
Sherif earlier noted, “This positive development paves the way for the launch of our signature project ‘The Estates’ in the fourth quarter of 2019, with total sales expected to exceed EGP 7 bn over a period of eight years.”
Being a natural extension to the upscale neighborhood of Sheikh Zayed, New Zayed is west Cairo’s upcoming neighborhood, with easier and faster access to Cairo’s eastern neighborhoods and Egypt’s North Coast. It benefits from the newly-developed surrounding road network, while being in close proximity to Sphinx International Airport and Grand Egyptian Museum (GEM).