(3 Minutes Read)
The project is the inaugural venture of the ADVIDA, which spans over 21,000 sqm and is coming up in New Sheikh Zayed City
ADVA Developments, an Egyptian construction company has successfully sold out the initial phase of the project, located in New Sheikh Zayed’s Green Belt area, west Cairo. The sales from the first phase of the project have reached EGP 350m. The project is the inaugural venture of the ADVIDA, which spans over 21,000 sqm and is coming up in New Sheikh Zayed City.
Currently, 25% of the construction is complete, which has 30 residential units, a 525 sqm commercial center, and an expansive 1,500 sqm entertainment zone. The project comprises two phases, both set for completion in 2024, with an anticipated total sales figure of EGP 800m. Next year, the company plans to invest EGP 250m to advance the construction efforts.
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ADVA Developments is gearing up to introduce a new endeavor on 20 Feddan within New Sheikh Zayed City. This upcoming project is slated for a second-half 2024 launch, pending the finalization of land legalization, design completion, and requisite ministerial approvals and licenses.
