Il Cazar, the leading company in the Egyptian real estate sector, has announced the start of delivering units for the ‘Creek Town’ project, one of the most prominent urban developments in the New Cairo area, in the first quarter of next year, 2025. The company plans to deliver approximately 300 units, including twin houses and standalone villas, ranging in size from 200 to 400 square meters.
In this context, Mr. Nader khozam, Chairman and CEO of Il Cazar, stated: “The Start of the delivery of units for the Creek Town project reflects the company’s commitment to provide residential projects that meet the highest standards of quality and excellence. We are proud to announce that the project is ready for the first phase of delivery, offering clients a distinctive living experience in the heart of New Cairo.”
Mr Khozam added that “the company has worked to ensure that the Creek Town project is executed according to the highest standards of design and construction, meeting the expectations of our valued clients.” He further emphasized that the delivery of 300 units in this phase marks a milestone in Il Cazar’s journey toward realizing its vision of providing integrated and sustainable residential communities.
The “Creek Town” project is one of the most important real estate developments in the New Cairo area. It is the company’s second project and is located on the Suez Road in a prime spot in the heart of New Cairo. The project spans 100 acres and is divided into three phases. The company has allocated about 80% of the total project area to green spaces and landscaping, with 20% for buildings, totaling approximately 300,000 square meters. The total investments have exceeded 11 billion EGP. The project includes 1,500 residential units, all of which have been sold, with a sales value of around 17 billion EGP. Commercial, hotel, and administrative units have not yet been launched.
The project’s units vary between stand-alone villas, twin houses, townhouses, and apartments, with areas ranging from 120 to 400 square meters. The residential buildings consist of five floors. It is worth noting that 100% of the construction has been completed, and the entire project is set to be delivered starting in 2026, with Shadad Construction Company handling the project’s contracting.
Mr. Nader khozam stated:
“The Creek Town project is not just a real estate project; it is a model that reflects our ambition to provide exceptional housing solutions in a strategic location like the First Settlement.” He added, “We are proud that the project will enhance Il Cazar’s position as a key partner in the development of Egypt’s real estate sector.”
Il Cazar has an impressive track record in Egypt’s real estate market. Among its notable projects is GO Heliopolis, the first residential compound in Heliopolis, located on El Nozha Street. The project spans 18,000 square meters with a total investment of EGP 5 billion and includes 1,000 units spanning residential, administrative, commercial, and medical categories. The project has achieved 95% completion, with 75% of the units already delivered.
Additionally, the company owns the Safia project at KM 186 in Ras El Hekma, North Coast, which spans 180 acres. This project marks a significant investment milestone for the company. It is a residential and hospitality project built on terraces starting from 3 meters in height and reaching up to 40 meters, offering all units sea views. The project has a frontage of 1 kilometer and a depth of 1.5 kilometers, with a construction ratio of 15%, while the remaining space is allocated for lagoons, landscaping, and services.
The total investment in Safia is EGP 60 billion, with full delivery planned by 2029. The company recorded EGP 11.8 billion in sales and bookings for the project within just three days of launching the units for sale.
Il Cazar is also developing Creek District, the commercial segment of the Creek Town project, which spans 15,000 square meters. It includes commercial, administrative, and medical units starting from 55 square meters and features advanced technological systems alongside a parking facility spanning 50,000 square meters. Delivery is expected by 2026.
Other projects include:
The Crest: A residential project located at the intersection of 90th Street and the Middle Ring Road, covering 158 acres, with 83% allocated to green spaces. Delivery is scheduled for 2027, with investments totaling EGP 30 billion.
Stoda: A mixed-use residential, administrative, commercial, and hospitality project in Sheraton spanning 113 acres. Construction and finishing are 100% complete, with delivery scheduled within six months.
The Vill: A multi-use project in the First Settlement covering 160 acres. It includes apartments, villas, and townhouses, with 90% of construction completed. Designed by the architect Raef Fahmy.
AIAN: A residential project in New Cairo spanning 250 acres, with units ranging from 100 to 400 square meters and 80% of construction completed.
Mr. Khozam said, “The company takes pride in diversifying its project portfolio to offer integrated and distinguished communities that meet various client needs. Through our projects, we strive to provide innovative designs, expansive green spaces, and advanced technological solutions. The progress in our construction works reflects our commitment to delivery schedules and quality execution.”
Il Cazar, founded in 2019, has developed nine projects across nearly 1,000 acres. In 2024, the company met its targets by delivering approximately 500 residential units and 100 commercial and administrative units. By the end of 2025, the company plans to deliver an additional 1,000 residential units.
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