Egypt - Makadi Heights, a fully integrated community at the Red Sea owned by Orascom Development Egypt (ORHD), has launched RIA villas, with expected sales of up to EGP 700 million, according to a press release.

This comes as a result to the increasing demand for the offered units, especially after property sales in Makadi Heights surged by 402.1% to EGP 583.9 million in the first half (H1) of 2021.

RIA features 100 units that range between junior villas, family villas, one-storey villas, twin villas, and townhouses.

Orascom Development adopts a strategy based on accelerating the rates of construction and delivery of the current phases of Makadi Heights, CEO of Makadi Heights Tamer Dewidar said.

Works at the city has been completed by 50% as per the deadlines for delivery to clients, Dewidar pointed out.

RIA villas will be handed over to clients in 2025 as the construction and infrastructure works of the project are being carried out in accordance with the best global standards, he remarked.

It is worth noting that Makadi Heights includes 9,000 residential units, of which 2,750 units have been sold so far.

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