IL CAZAR for Urban Development is preparing to launch the second phase of its The Crest project in New Cairo, with expected total sales reaching EGP 4bn. This will be part of their participation in the Cityscape exhibition. The company will also offer special deals for the Safia, Creek Town, and Go Heliopolis projects.
The second phase of The Crest project is set to include 200 units, comprising residential apartments, duplexes, villas, and townhouses, with sizes ranging from 85 to 330 sqm. These units feature distinctive architectural designs by the office of architect Raef Fahmy. All units will offer stunning views of the green spaces and water features that cover 83% of the project area, which spans 158 feddans.
IL CAZAR has achieved sales of EGP 5bn in the project since the beginning of this year, out of a total expected sales of EGP 4bn for 2024. The company is set to complete construction of the project, with an investment of EGP 30bn, within the next three and a half years starting from this year. The handover of the project’s units is scheduled to begin in 2027.
As for the Safia project, the company’s latest development, it is a residential and hotel project located at Kilometer 186 on the North Coast in the Ras El Hekma area. The project spans 180 feddans, with a total investment reaching EGP 60bn.
The project’s built-up area is 15% of the total space, with the remaining area allocated for artificial lakes, green spaces, and amenities. The project is scheduled for completion in 2029.
