ArabFinance: Prime Build Development sold the units of Ondixa Resort, its 5-feddan project on the North Coast, Al Borsa News cited Chairman Mohamed Murid on February 21st.

Total sales of the first phase reached EGP 250 million, while the whole project is due sale over this year, the official added.

Murid elaborated that Ondixa comprises 270 hotel units of sizes ranging between 50 square meters and 110 square meters.

The prices, meanwhile, start at EGP 350,000 and can reach up to EGP 1 million. Prime Build offers up to 6-year installment plan, with a down payment starting at 10%.

The chairman noted that the built-up area does not exceed 30% of the total development.

CEO Yasser Zidan said the company has acquired land plots in Badr City where it would implement 20 projects with targeted sales surpassing EGP 250 million.

The real estate developer intends to open five new branches, Zidan added.

Prime Build is also executing Venesia project that is located across the New Administrative Capital. The development includes 15 residential neighborhoods with services suitable for each segment.

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