TLD-The Land Developers, a leading real estate development company, announces their plans for the Egyptian real estate market in 2023, Invest-Gate reports.
The company has completed the sales of the first and second phases and is now preparing for deliveries and launching the third phase of the Armonia project.
Also, TLD-The Land Developers announced the launch of various summer and entertainment programs for its clients and visitors to Sharm El-Sheikh at its il Bayou project, the latest residential hotel project on the Red Sea.
The company has successfully sold the first phase and launched the second phase during this quarter, with construction work currently being carried out on 30 units in il Bayou over the next three months. The project is committed to all environmental considerations and sustainability requirements, reflected in all components and materials used in the construction.
Additionally, the company prepares for launching various activities, including CrossFit, ping pong, beach volleyball, hiking, yoga, and others. It is worth noting that the il Bayou project covers an area of 45,000 sqm, with investments of EGP 500 mn. The project comprises 85 units, ranging from standalone villas, twin houses, townhouses, as well as 60 hotel apartments.
Omar El-Tayebi, Vice Chairman of TLD-The Land Developers, states, “We have an ambitious expansion plan in the Egyptian real estate market, supported by our constant commitment and the trust we have gained from our clients through fulfilling our commitments in delivery times or preparation of our units.”
El-Tayebi continues, “The company’s efforts to expand its investment portfolio amounted to EGP 4 bn and a land portfolio of 52 acres,” adding, “TLD has strategic goals that align with the state’s efforts in the urban development within the framework of Egypt’s Vision 2030 and the National Strategic Plan for Urban Development in Egypt 2052.”
Notably, the company continues to work diligently on the Armonia project in the New Administrative Capital, located in the R7 area on an area of 42 acres. The project has a built-up area of 20%, and the remaining 80% area is allocated to services and green spaces.