In a groundbreaking move for economic development, Egypt and Emirati investors have inked a historic agreement to construct Ras El Hekma, a state-of-the-art city set to become a significant urban, business, and tourism hub on Egypt's North Coast. This landmark deal, signed by Egypt's Minister of Housing Assem El-Gazzar and UAE’s Minister of Investment Mohamed Al Suwaidi, heralds a new era of collaboration and growth. Project Overview: Unprecedented Scale and Scope Ras El Hekma is slated to cover an expansive area of over 40,600 feddans, making it one of the most ambitious development projects in Egypt's history. The project will feature a diverse array of components, including: Residential districts, International hotels, Tourist resorts, Entertainment venues, Healthcare and educational facilities, Administrative and service buildings, Free economic zones, A central business district, A marina for tourist vessels. Economic Impact: Prime Minister Mostafa Madbouly has lauded the project's potential to inject $35 billion in foreign direct investment (FDI) into Egypt's economy within a remarkably short timeframe. This infusion of capital is expected to alleviate the country's current foreign currency challenges while laying the groundwork for long-term economic prosperity. Implementation Strategy: -Collaborative Efforts: The project will be a joint endeavor between Egypt's New Urban Communities Authority and the Abu Dhabi Development Holding Company, showcasing the power of international cooperation in driving economic development. -Financial Mechanisms: To facilitate the project's execution, the Abu Dhabi Development Holding Company will establish a joint-stock company named Ras El-Hekma in Egypt. Moreover, the Central Bank of Egypt will play a pivotal role in managing foreign currency transfers and bolstering Egypt's monetary reserves. Future Outlook: Transformative Potential: Ras El Hekma represents more than just a development project; it symbolizes Egypt's commitment to creating sustainable, integrated urban communities that will accommodate population growth and attract millions of tourists annually. Moreover, the project aligns with the government's broader strategy to develop the North Coast region into a vibrant economic and cultural hub. As Egypt embarks on this transformative journey with its Emirati partners, the Ras El Hekma project stands as a testament to the nation's ambition and vision for the future. By harnessing the collective expertise and resources of both countries, Egypt is poised to realize its aspirations for sustainable economic growth and prosperity.
Seashore is located in Ras El Hekma, North Coast. The developer of Seashore is Hyde Park Developments.
The completion date for Seashore is and the finishing for the properties are Fully Finished.
The starting price of properties in Seashore is 4,475,000 EGP with a price per sqm of 52,414 EGP. The downpayment for a property in Seashore is starting at 5% or 223,750 EGP. The number of installments for a property in Seashore is 32 installments and has a payment plan of 8 years. The monthly payment of a property in Seashore 46,615 EGP
Hyde Park North is located in Ras El Hekma, North Coast. The developer of Hyde Park North is Hyde Park Developments.
The completion date for Hyde Park North is and the finishing for the properties are Fully Finished.
The starting price of properties in Hyde Park North is 14,660,000 EGP with a price per sqm of 80,549 EGP. The downpayment for a property in Hyde Park North is starting at 5% or 733,000 EGP. The number of installments for a property in Hyde Park North is 32 installments and has a payment plan of 8 years. The monthly payment of a property in Hyde Park North 152,708 EGP
Koun is located in Ras El Hekma, North Coast. The developer of Koun is Mabany Edris.
The completion date for Koun is and the finishing for the properties are Fully Finished.
The starting price of properties in Koun is 4,300,000 EGP with a price per sqm of 57,300 EGP. The downpayment for a property in Koun is starting at 15% or 645,000 EGP. The number of installments for a property in Koun is 36 installments and has a payment plan of 9 years. The monthly payment of a property in Koun 39,815 EGP
Mountain View Ras El Hekma is located in Ras El Hekma, North Coast. The developer of Mountain View Ras El Hekma is Mountain View (DMG).
The completion date for Mountain View Ras El Hekma is and the finishing for the properties are Fully Finished.
The starting price of properties in Mountain View Ras El Hekma is 3,138,458 EGP with a price per sqm of 33,227 EGP. The downpayment for a property in Mountain View Ras El Hekma is starting at 30% or 941,537 EGP. The number of installments for a property in Mountain View Ras El Hekma is 12 installments and has a payment plan of 3 years. The monthly payment of a property in Mountain View Ras El Hekma 87,179 EGP
La Vista Ras El Hekma is located in Ras El Hekma, North Coast. The developer of La Vista Ras El Hekma is La Vista Developments.
The completion date for La Vista Ras El Hekma is and the finishing for the properties are Fully Finished.
The starting price of properties in La Vista Ras El Hekma is 6,950,000 EGP with a price per sqm of 63,182 EGP. The downpayment for a property in La Vista Ras El Hekma is starting at 15% or 1,042,500 EGP. The number of installments for a property in La Vista Ras El Hekma is 28 installments and has a payment plan of 7 years. The monthly payment of a property in La Vista Ras El Hekma 82,738 EGP
June is located in Ras El Hekma, North Coast. The developer of June is SODIC.
The completion date for June is and the finishing for the properties are Fully Finished.
The starting price of properties in June is 10,500,000 EGP with a price per sqm of 78,680 EGP. The downpayment for a property in June is starting at 5% or 525,000 EGP. The number of installments for a property in June is 24 installments and has a payment plan of 6 years. The monthly payment of a property in June 145,833 EGP