Yafa Mac has delivered 600 units of the Emirates Heights project in the North Coast during the current year, according to the Head of the Commercial Sector, Ramy Haggar.
Haggar said that the delivery of the units is consistent with the timetable set by the company as part of its development plan.
Furthermore, he added that the company plans to complete the delivery of the project’s remaining units during the coming year.
Yafa Mac has committed itself to the delivery plan for its committed customers, as stipulated in the contracts, despite the fluctuation in raw material prices, stressed Haggar.
Additionally, he revealed that the company is close to completing the project’s second phase and that the occupancy rate in Emirates Heights resort is developing well.
Moreover, the company is working on the project in two parallel directions; the first one is to complete the rest of the remaining construction work in two phases, whilst the second direction is to work on completing the project’s utilities such as water and electricity. Additionally, the company is working towards finalising the utilities by next year, he indicated.
The Emirates Heights is a 125 acre and 750 sqm beachfront project which includes 3,000 serviced apartments with various sizes and three 5-star hotels.
Yafa Mac announced last year the provision of EGP 1.5bn in the second phase of the Emirates Heights project and has so far administered EGP 500m in the first phase. In addition, it announced it will implement a yacht port.