Coming Soon to the Egyptian Real Estate Scene is Zahra…brought to you by Memaar Al Morshedy. Zahra is the First Morshedy project to be located on Egypt’s North Coast. It spreads over almost 900 Feddans in Sidi Abdelrahman.
Memaar Al Morshedy
The company was established in 1983 with a mindset of penetrating the real estate development industry. Memaar Al Morshedy built its success on Degla for Real Estate Developments; a team of architects and engineers recruited by Mohamed Morshedy himself. Starting off in the Maadi Area, the company launched multi-family residential buildings. Now, however, Memaar Al Morshedy introduces a new concept of living. It provides fully integrated development projects that combine residential, administrative and commercial buildings in one place. With that in mind, the company has created its most recent project on the North Coast: Zahra.
Zahra falls in the heart of Sidi Abdel Rahman. Right in between New Alamein and Hacienda Bay on the K124. The compound is only 39 minutes away from Al Alamien airport.
Zahra is a Mixed Use Development. It caters to all of its residents’ needs. The first phase of Zahra spreads over 45 acres with 55 buildings on premises. That is all divided into 5 clusters, with each having its own set of facilities.
The Zahra project on the Egyptian North Coast will play host to 5 and 7 star hotels. It will also feature a Court Island that caters to pure recreation as well as a Commercial Strip for the love of shopping. Additionally, Zahra will feature 8 swimming pools – aside from those specifically for children- . 10% of the overall area of the project will be covered in artificial lagoons and 40% green landscapes, with only 17% built up area. Moreover, residents will have full access to the compound’s Club House, which spreads over 8 acres on its own.
You can find in Zahra Chalets ranging from 50 to 130 sqm. Also, the project offers 2 floor Cabanas that are fully finished. Price per meter ranges from 14,700 EGP to 17,700 EGP. However, the Cabanas range in price from 1,480,000 to 1,650,000.
Memaar Al Morshedy gives you the option to choose from 2 prestine payment plans:
1- 5% Down Payment, 20% upon Contract, and the remaining installments over 6 years.
2- 10% Down Payment, 20% upon Contract, and the remaining installments over 7 years.
Unit Delivery will be within 3.5 years.
If you wish to know more about what’s available in the real estate market, you can visit our website Cooing Estate. Take a look at our wide selection of exclusive homes!