Real estate development company, City Edge Developments has announced the complete sell out of the first phase of its newly launched project Downtown – New Alamein, which is completely owned by New Urban Communities Authority (NUCA), achieving EGP 700m in sales.
The first phase of the project comprised 200 units with different sizes. “The sell-out of the first phase of Downtown-New Alamein in such a short period is a confirmation that there is continued demand for our offerings there and accordingly we are working to prepare the launch of phase two in the near future,” said, City Edge’s CEO Amr ElKady
ElKady said that the company plans to deliver the Downtown New Alamein in 2020. He explained that the project comprises residential buildings that include a mix of units ranging from penthouses to ground floor apartments with private gardens of different sizes.
“Downtown Alamein will house a diverse number of amenities cantered on designed plazas with commercial and lifestyle facilities for the residences including large public green space,” he added.