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Aldawlia Developments completes first phase of Regent's Park Residence in New Cairo Company implemented 60% of project's construction, marketed 75% of its units
Aldawlia Developments celebrated with its clients and real estate developers the completion of first phase of Regent's Park Residence in Fifth Settlement, New Cairo on Friday. The company's General Manager Ahmed Elnesr said that the project is built across 19.9 feddans in New Cairo close to the American University in Cairo. Elnesr added that the project includes 496 units with sizes range between 100 sqm and 300 sqm and its units includes duplexes, studios, and apartments. He noted that the company started implementing the project 18 months ago and implemented a large volume of work that exceeded 60% of the total construction. During the ceremony, the company handed over the first batch of units to customers to deliver the rest of the apartments in phases and the completion of the delivery of all units during the next year. Elnesr pointed out that the company has marketed 75% of the units of the project, which includes buildings, with construction rate of only 20% and the rest of the area dedicated to service activities, green spaces, corridors, and other services. The project includes a social club, a swimming pool, playgrounds, and entertainment areas for children as well as a commercial section to serve the residents of the project. Elnesr noted that the company has a considerable experience in real estate activity and has developed a number of projects in commercial and residential activities in the Fifth Settlement, while his company is studying a number of opportunities in various areas of its expansion plan. The company has developed 2.5m sqm of premium property in countries including Egypt, Sudan, and Yemen, as well as developed Landmark Village project, besides several administrative buildings in New Cairo.
