The Land Developers (TLD), a leading real estate developer, has announced the launch of “Laguna”, the latest extension of il Bayou project in Sahl Hasheesh, Red Sea, with a total investment of EGP 2 bn, Invest-Gate reports.

This new extension adds an additional 80,000 sqm to the existing area, bringing the total project space to 125,000 sqm, with a targeted sales value of EGP 550 mn.

Building on the tremendous success of selling out the first and second phases within just one year in il Bayou project, this strategic milestone reaffirms TLD’s unwavering commitment to investing in key tourist destinations, aligning with the state’s vision for tourism development and urban planning.

“Laguna” serves as the first phase of a fully-fledged coastal residential and hotel project, strategically located as an extension to il Bayou. It seamlessly blends various residential styles to cater to the diverse needs of clients, fulfilling their aspirations of living amidst natural scenery. il Bayou extension is divided into five phases, each with its unique features meticulously designed to offer tranquility and comfort to residents.

Omar El Tayebi, CEO of The Land Developers (TLD), commented on the launch of Laguna, stating, “We are proud to unveil ‘Laguna,’ the latest and first phase of il Bayou project extension, serving as a residential-hotel tourist destination and a distinct landmark due to its strategic location in Sahl Hasheesh, Red Sea. With this project, we aim to support tourism investment and stimulate tourism in Egypt.”

“Laguna” offers fully finished residential units that adhere to the highest standards, providing a range of luxurious units including townhouses and twin houses with two to four bedrooms and diverse areas ranging from 177 sqm up to 212 sqm. Each unit features its own private swimming pool, along with a selection of chalets ranging from 105 sqm to 130 sqm, making it an ideal destination for those seeking a tranquil environment.