Egyptian real estate developer, Mabany Edris, has announced the launch of the Koun project, with a total investment of EGP 6bn. This project marks their first venture in the North Coast region.
PROJECT DETAILS
Koun is on the North Coast, about 201 kilometers from the Alex-Matrouh road. It spans a large area of 447,657.5 sqm and offers various residential options.
Mohamed Edris, the CEO of Mabany Edris, aims to meet all the needs of clients and their families with each project. Construction will start in the fourth quarter of 2023, and the first phase will finish within four years. Only 15% of the project will be buildings, while the majority will be lagoons, landscapes, a hotel, a clubhouse, and a commercial area.
BENEFITS OF THE NORTH COAST
Edris emphasized that the North Coast is a renowned destination in Egypt. Recently, it has seen significant construction growth due to fierce competition between companies and the government's efforts to develop the roads leading to the area. These factors have increased the investment value of the region, making it an attractive location for visitors year-round, not just during the summer season.
UNIQUE FEATURES OF KOUN
Koun is Mabany Edris' first project on the North Coast, offering residential, entertainment, and tourism options. It is in three phases and provides a wide range of housing choices. These housing choices include twin houses, townhouses, chalets, duplexes, and standalone units. The company's goal is to cater to the diverse needs of clients in coastal cities by developing various projects.
Ismail Habrouk, the project's consultant, emphasised the company's dedication to improving architectural awareness in Egypt and the Middle East through diverse modern architectural styles. What makes this project unique is that all units are waterfront properties, offering stunning views of the lagoons that replicate an authentic beach experience.
MABANY EDRIS' EXPERTISE
With over 20 years of experience, Mabany Edris has established a solid reputation in the real estate industry. Their portfolio encompasses residential, commercial, medical, and industrial projects, catering to the needs of both individuals and investors.
CONCLUSIVE TAKEAWAY
In conclusion, Mabany Edris' launch of the Koun project in Egypt's North Coast marks their entry into a competitive real estate market. With an investment of EGP 6bn, the project offers a wide range of residential options in a rapidly developing area. The focus on waterfront properties and lagoons add to the project's appeal, creating a unique and desirable living environment. This expansion reflects Mabany Edris' dedication to meeting the changing needs of clients in coastal cities. Overall, the Koun project contributes to the growth and diversification of Egypt's real estate sector, presenting opportunities for both individuals and investors.
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