By: Abdullah Bedeir
Cairo – Mubasher: Ora Developers, a real estate firm owned by the Sawiris family, has launched its first mixed-use residential complex, ZED, at the heart of Sheikh Zayed, with total investments of EGP 35 billion ($2.08 billion).
Spanning over 165-acre land plot, ZED is three minutes away from Hyper one and is seven minutes away of Arkan Plaza.
Prime minister Mostafa Madbouly witnessed the launch ceremony
The landmark project has amenities including the 65-acre Sheikh Zayed’s main park, pedestrian retail boulevard, hotel, and office buildings.
Sheikh Zayed’s main park is set to be inaugurated on 6 October, Ora’s chairman Naguib Sawiris revealed.
ZED features mixed-use towers consisting of 20 floors, in addition to residential towers of up to 10 floors, expected to be delivered within four years and three and a half years, respectively.
The 20-storey towers offer two-bedroom apartments stretching over 135 square meters area, three-bedroom units ranging from 172 to 223 square meters, and four-bedroom apartments with a built-up area (BUA) of 250 square meters, at a starting price of EGP 29,000 per square metre.
The Egypt-based property developer Ora Developers operates in Pakistan, the UK, Cyprus, and the Caribbean along with its business in the most populous Arab state.
Translated by: Muhammad Abdul-Wakeel
