City Edge Developments announced the launch of New Alamein Downtown, a project owned by the New Urban Communities Authority (NUCA).
The launch of the Downtown follows the sale of over 1,000 units in New Alamein in 2019 for an amount exceeding EGP 6.5bn to be delivered during 2020.
City Edge CEO Amr El Kady said, “The launch of New Alamein Downtown should meet demand by customers who are looking for medium rise apartment buildings and represents a good diversification of our portfolio of products”.
The Downtown, which is located in the heart of New Alamein City, is a mere15 minute walk to the beach, an 8 minutes walk to the hospital, and 3.5 km to the universities, with a very close proximity to the Monorail and Old Town Area.
The project comprises of residential buildings that include a mix of units ranging from penthouses to ground floor apartments with private gardens of all sizes.
Delivery of the project is expected to start in 2020 along with Mazarine and The Gate, according to El-Kady “We remain committed to the hand-over of the projects as per contractual schedules. In fact, both Mazarine and The Gate, which were launched in July this year, as well as North Edge Towers, are progressing rapidly.”