Leading real estate company Ora Developers has announced the acquisition of a 486-feddan area of land in the North Coast, to officially launch its latest mixed-use development project on Egypt’s sandy beaches. Laying across a 1- kilometer seafront, the project is strategically located at kilo 220 on the Alexandria – Marsa Matrouh Road, neighboring Almaza Bay on Egypt’s sunny North Coast. Silversands will serve as the go-to beach destination for all vacationers all year long, from those who prefer to spend the whole summer by the beach, to those looking for a quick weekend getaway.
An investment of EGP 25 billion will be injected into the beach-side development that will enclose a variety of units, such as villas, twin houses, and chalets. The majority of the units will have a sea view while others will have a panoramic view of lagoons. All units will be delivered fully finished and equipped with air conditioners. The prestigious architectural firm Wimberly Allison Tong & Goo has been awarded the master-planning and the architectural design of the development.
“Ora Developers aims to constantly develop sustainable, luxurious and practical neighborhoods, and we’re thrilled to bring Silversands to Egypt and to add to our portfolio an extraordinary North Coast all year-round destination. With this project, we are presenting the beauty of sandy beaches, and the glimmering crystal-clear waters and lagoons without compromising practicality all in one seaside development.” stated Eng. Naguib Sawiris, Global CEO and Chairman of Ora Developers.
Haitham Abdel Azim, CEO of Ora Developers Egypt also expressed his pride in this milestone for Ora Developers by affirming “We are all about embracing innovation and seeking new opportunities, and we have a proven record of creating beautiful environments that balance exceptional thinking with enduringly sleek design. Through the launch of our latest project in the North Coast, we’re aiming to create a new coastal destination that would attract all kinds of customers with varying lifestyles. Ora Developers wants to provide a safe, relaxing community where everyone has access to open waters and the vacation environment that they’ve always dreamt of.”
Ora Developers aims to constantly develop sustainable neighborhoods and introduce new concepts to the Egyptian market. The project will launch its first phase in July 2021 and delivery is expected to start after 30 months.
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About Ora Developers:
Ora Developers has a proven track record of creating beautiful environments that balance exceptional thinking with enduringly sensitive design in several markets such as London, Cyprus, Grenada, Pakistan and Egypt. Ora’s developments are living, breathing lifestyle destinations with a real sense of community spirit – bringing opportunity for all and offering a wide range of enjoyable lifestyle experiences.
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