|19 September, 2019

AEON's Construction is Ahead of Schedule and MARAKEZ is On Track for all its Projects' Construction

MARAKEZ Launches the Last Tower of the three-exclusive high-end luxurious AEON Towers, Phase one delivery of AEON Courtyards is ahead of schedule

AEON's Construction is Ahead of Schedule and MARAKEZ is On Track for all its Projects' Construction

Cairo, Egypt: – MARAKEZ, one of the largest mixed-use developers in Egypt, announces that it is set to launch the last tower of AEON Towers next month and delivers AEON Courtyards’ first phase this December - ahead of the contractual date.

Located within MARAKEZ’s flagship mixed-use development: Central West, AEON is the first project of its kind in Sheikh Zayed and 6th of October. The Construction of West Cairo’s first luxury high-rise residential buildings - AEON Towers’ has started. AEON Towers’ three 72-meter (20-floor) high-end residential units are the first of their kind. The substructure work of the two-story underground parking garage of the towers’ has been completed and the beginning of the construction of the ground level is undergoing. 

“AEON’s unparalleled high-end living experience offers the best of both urban and suburban living in the heart of 6th of October.” said Basil Ramzy, Chief Executive Officer of MARAKEZ. “AEON provides an ideal balance between the comfort and tranquility of suburban life and the excitement of modern living, AEON Towers will offer residents exclusive access to a host of indoor and outdoor amenities, sports and recreational facilities, including a heated indoor swimming pool, gym, and spa. AEON’s amenities also include an outdoor leisure pool, a kids’ pool, an outdoor multi-purpose court, a tennis court and a football pitch, a 800-meter jogging track, a fenced dog park as well as an outdoor communal seating area.”

Strategically located in the heart of West Cairo with easy access to main roads and highways, AEON offers a wide variety of designs, with studios, apartments ranging from one to four bedrooms as well as penthouse duplexes with unmatched views of the city, ranging in size from 85 to 665 square meters. AEON Courtyards’ construction is on track and the first delivery of its G+3 buildings at the courtyards will be in December.


About MARAKEZ for Real Estate Investment

MARAKEZ is a subsidiary of the Saudi Arabian conglomerate and largest mall developer and operator in the region – The Fawaz AlHokair Group. MARAKEZ is one of the largest mixed-use developers in Egypt with a portfolio of projects with one of the highest recurring revenue profiles in the country. Anchored by the flagship Mall of Arabia in West Cairo, MARAKEZ projects include the first residential towers in 6th  October, AEON, as well as Mall of Katameya and District 5 Residential development in New Katameya. This is in addition to three commercial malls: the recently launched Mall of Tanta, a mall in El Salam and Mall of Mansoura that are due to open in 2020 and 2021 respectively.

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