JUMEIRAH EGYPT for Real Estate Investments launches its first project “NAIA BAY” in Ras El Hekma
Cairo: JUMEIRAH EGYPT for Real Estate Investments has officially announced the inauguration of its first project called “NAIA BAY” in Ras El Hekma Bay on the north coast with an investment of EGP 7 billion adding to the prosperity of the local real estate sector over an area of 112 hectares. To announce this remarkable milestone for the company, a press conference was held in the presence of partners who are helping with the development of the property around the industrial park.
With its characteristics that make it one of the most important coastal cities in the world, JUMEIRAH EGYPT for Real Estate Investments has chosen this area as the first investment in the Egyptian market.
“Egypt has seen a continuous urban renaissance over the past seven years, which has motivated Egyptian and international investors to expand in the market and take advantage of the development of the state in establishing new cities and urban projects,” said Hisham Eldanasoury, CEO of said JUMEIRAH EGYPT for Real Estate Investments in the press conference. “In line with Egypt’s 2052 Strategic Plan and the state’s efforts to establish fourth generation cities, JUMEIRAH EGYPT is launching its first real estate investment project, NAIA BAY, in Ras El Hekma,” he added.
“With a unique setting and fascinating views, the innovative design of the“ NAIA BAY ”project is inspired by the Greek art and construction school along with contemporary architecture. With an imperial waterfront for all units, the design of the project, which is 212km, aims to meet customer needs as it overlooks man-made lakes to give all units a view of the water. In addition, it offers a wide range of services and amenities, including an international 5-star luxury hotel, a shopping center, a private beach, swimming pools, cafes, restaurants and a private beach club. ”Said Ing. Shady El-Ghunaimi speaking at the press conference.
“NAIA BAY” has 732 units with different types of accommodation, which meet the different needs of customers from 65 m² to 520 m². The project includes a variety of utilities and services; In addition, it is divided into 6 different areas to ensure the luxury and privacy of customers, including a hotel area with a private beach and unique facilities as well as a bungalow and cabins and a “Fira” area for villas, semi-detached houses and townhouses. It also includes a “Pelagio” area made up of semi-detached houses with a private imperial waterfront and a “Hali” area with townhouses overlooking the lagoons. There is also a “Plaka” region for commercial outlets and chalets, a “Poli” zone for lavish kiosks, cafés and an outlet for international brands. It also includes a boutique hotel area.
In addition, the company works hand in hand with large specialist architecture consultancies and world leaders in tourism services, as well as a US company, Crystal Lagoon, to oversee the construction of the 60,000 m² crystal lagoon to house the residents of the project To offer and serve you an incomparable experience while ensuring your privacy.
It is worth noting that Ras El Hekma Bay stretches for 48 km on the Mediterranean Sea, making it a strong competitor to the best beaches in the world. The goal of the city is to become one of the most popular facades in the world due to its proximity to New Alamein Airport, so in winter it will attract thousands of tourists from different countries of the world with its warm beaches.
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About JUMEIRAH EGYPT for real estate investment
JUMEIRAH EGYPT for Real Estate Investments has started operations with its first project “NAIA BAY” in Ras El Hekma on the new north coast. With a total investment of 7 billion EGP and a land bank of 112 hectares in Ras El Hekma, JUMEIRAH EGYPT for Real Estate Investments aims to be one of the five largest and most important companies in the Egyptian market and plans to increase its investments in real estate Year 2021. The company’s flagship project, NAIA BAY, is strategically located in Ras El Hekma next to Ras El Hekma Bay. In line with Egypt’s unprecedented urban expansion, JUMEIRAH EGYPT for Real Estate Investments has an exceptional pipeline of projects to meet client demands.
© Press release 2021