Cairo: JUMEIRAH EGYPT for Real Estate Investments has officially announced the inauguration of its first project named "NAIA BAY" located in Ras El Hekma Bay on the North Coast, with investments worth EGP 7 billion, contributing to the prosperity of the local real estate sector, sprawling over an area of 112 acres. A press conference was held to announce this remarkable milestone for the company in attendance of partners assisting in the development of the land surrounding the commercial area.
With its characteristics that make it one of the most significant worldwide coastal cities, JUMEIRAH EGYPT for Real Estate Investments decided to opt for this area to be its first investment in the Egyptian market.
“Egypt has seen a continuous urban renaissance in the last seven years, which motivated Egyptian and international investors to expand on the market and take advantage of the development of the state in the establishment of new cities and urban projects,” Hisham Eldanasoury, CEO of JUMEIRAH EGYPT for Real Estate Investments said in the press conference. “In alignment with Egypt's 2052 strategic plan and the state’s efforts to establish fourth-generation cities, JUMEIRAH EGYPT for real estate investments launches its first project “NAIA BAY” at Ras El Hekma” he added.
“With unique surroundings and mesmerizing views, the innovative design of “NAIA BAY” project is inspired by the Greek school of art and construction along with contemporary architecture. With an imperial waterfront for all units, the design of the project, which is located at 212 Km aims to meet the clients’ needs as it overlooks artificial lakes to provide a water view for all units. Moreover, it offers a wide range of services and amenities, among them an international 5-star luxury hotel, a shopping center, a private beach, swimming pools, cafés, restaurants, and a private beach club.” said Eng. Shady El-Ghunaimi addressing the press conference.
"NAIA BAY" has 732 units with various residential types that cater and appeal to clients’ different needs ranging from 65 sqm to 520 sqm. The project includes a plethora of utilities and services; additionally, it is divided into 6 different areas to ensure the luxury and privacy of customers, including a hotel area with a private beach and unique facilities, as well as a Bungalow and cabins, and a “Fira” area for villas, twin houses, and townhouses. It also contains a "Pelagio" neighborhood, which consists of twin homes with a private imperial waterfront, and a “Hali” area that includes townhouses that overlooks the lagoons. Furthermore, it features a “Plaka” region for Commercial Outlets and Chalets, a “Poli” area for Lavish Kiosks, Cafés, and an outlet for International Brands. Moreover, it includes a boutique hotel area.
In addition, The Company is working hand in hand with major specialized architectural consultancy firms and world-leading companies in tourism services, as well as a US-based company, namely “Crystal Lagoon”, to oversee the construction of the 60,000 sqm crystal lagoon to provide an unparalleled experience and service the project’s residents while ensuring their privacy.
It's worth mentioning that Ras El Hekma Bay extends over 48 km on the Mediterranean Sea, which makes it a strong competitor to the world's greatest beaches. The aim of the city is to become one of the most popular facades around the world, due to its proximity to the New Alamein Airport, therefore it will attract thousands of tourists from different countries of the world with its warm beaches in winter.
About JUMEIRAH EGYPT for Real Estate Investments
JUMEIRAH EGYPT for Real Estate Investments has launched its operations with its first project "NAIA BAY" in Ras El Hekma on the new North Coast. With a total investment of EGP 7 billion and a land bank of 112 acres in Ras El Hekma, JUMEIRAH EGYPT for Real Estate Investments aspires to be among the five largest and most significant companies in the Egyptian market and plans to boost its investment in real estate during 2021. The company's flagship project, NAIA BAY, is strategically located in Ras El Hekma adjacent to Ras El Hekma Bay. In line with Egypt's unprecedented urban expansion, JUMEIRAH EGYPT for Real Estate Investments has an exceptional pipeline of projects to meet the customers’ demands.
© Press Release 2021