Wadi Degla Developments to Launch Club Town, its Latest Residential Community in Maadi
Wadi Degla Developments, the integrated real estate developer, announced today the launch of Club Town, its latest residential community with total investments of EGP1.5Billion. Strategically located in New Degla, Maadi, one of Cairo’s most luxurious neighborhoods, Club Town spans over a total area of 70 acres, offering a differentiated living experience for more than 550 families, who will join the wider community of Wadi Degla in near future.
“I am very proud to introduce a new concept to the real estate market where we combined our clubs’ business to our residential module to offer a new brand to the real estate market “Club Town” said Raymond Ahdy, Deputy CEO of Wadi Degla Developments. “This residential project is set to be one of the most exclusive and luxurious residential projects in Maadi, Cairo. Club Town reinforces our project portfolio, which comprises some of Egypt’s most refined real estate projects we proudly have been developing throughout our journey in the Egyptian market since our inception 17 years ago. We’ve already developed many outstanding residential communities and touristic resorts in strategic locations all around Egypt, and today marks the launch of our newest projects in Maadi, with total investments of EGP1.5Billion”
Raymond went on explaining that the company has allocated 70 acres of its land bank amounts to 6 million square meters, for the development of this project. “Club Town supports social sustainability, by providing many amenities and key services to cater to various needs of residents” he added. The project comprises vast greeneries and robust infrastructure built according to highest standards. On the other hand, Club Town’s prime location and proximity to service hubs in Maadi set it apart from other A class residential compounds in Cairo. The total built-up area of the project is only 5% of its total area stretching over 70 acres and hosting Wadi Degla Club.
Club Town residents are eligible to enjoy sport amenities and services offered by Wadi Degla Club located in the same land plot. Other services offered to residents include: free-of-charge parking areas, CCTV and security service around the clock, lavish landscape, ponds, public utilities, and entertainment outlets. Wadi Degla Developments sees Club Town as a valuable property with high return on investments.
The project comprising a commercial area and three phases with a total of 550 residential units, including apartments and duplexes ranging from 130sqm to 220 sqm. The delivery of Breeze, phase I of Club Town, is projected to take place between in 2024 and 2026. The project is in close proximity to service hubs of Maadi, including a notary office, hospitals and medical centers, schools, hypermarkets, among others. Club Town is only 5 minutes away from Cairo-Sokhna Road, 20 minutes from New Cairo, and 30 minutes from Cairo Airport.
Raymond added that 2022 and 2023 will see new launches, new deliveries of more than 1500 units in different projects, and aggressive expansion and operational plans for the company with excellent track record.
“We always aim to be the most distinguished and highly valued developer in Egypt. Our projects are based on extensive marketing researches before introducing any new products to the market. With vast expertise and deep knowledge of the real estate market in Egypt, we develop sustainable residential units with different space options, to cater to different needs of customers. Our residential projects are located in prime locations all over Egypt, and are equipped with the best-in-class utilities and services”
