Valero Developments announced it will begin the unit allocation process for clients of the first phase of its integrated residential project, CITALIA, starting Saturday, 24 May, Invest-Gate reports.

Buyers will select their units based on booking priorities.

Eng. Ahmed Abdel Salam, CEO of Valero Developments, confirmed strong demand for the first phase, saying it reflects customer confidence in the company’s real estate offerings. “We’ve seen exceptional interest in CITALIA, which demonstrates the strength and competitiveness of our product in the Egyptian market,” he said.

He added that a significant portion of the phase one units were reserved in record time due to the project’s wide variety of unit sizes and layouts, appealing to a broad customer base. “CITALIA offers an outstanding investment opportunity, not only as a residential project but also in terms of long-term returns,” Abdel Salam noted.

He emphasised the company’s success in meeting market needs through a deep understanding of client expectations. “We developed CITALIA as a fully integrated urban compound with flexible housing options that align with the purchasing power of our target customers,” he added.

Located in New Obour City, the 13-feddan project targets EGP 3.2 bn in sales and features a mix of residential units and a commercial zone serving both residents and the surrounding community.

Valero has partnered with the Hussein Sabbour Consulting Office and Distance Studio Consultants (DSC) to oversee the project’s design and quality, reinforcing its long-term investment value.