Wadi Degla Developments hosted a media visit at Murano Ain Sokhna in celebration of the launch of \u201cWaterside\u201d in the third phase of Murano.<\/p>\n
With investments of around EGP 8 billion, Murano beach stretches across 750 meters on the red sea shore as the project sits on a prime location on Zaafarana road, making it one of the closest Ain Sokhna resorts to Cairo.<\/p>\n
\u201cWe\u2019re excited to be here on ground and showcase the progress we\u2019ve reached with Murano, starting with the first phase all 600 units fully-finished and delivered, and show the progress with the construction work in the second phase, as well as the third phase project we\u2019re launching today. Waterside is introducing new units with areas between 115 and 260 sqm ranging from chalets, duplexes and villas,\u201d stated Raymond Ahdy, Deputy CEO of Wadi Degla Developments. \u201cWe\u2019re proud to say that this launch was an essential step in the implementation of our new strategy aimed at increasing the company\u2019s agility, performance and sustainability, strengthening governance controls, ensuring financial viability, and meeting customers\u2019 expectations through a value driven offering.\u201d<\/p>\n
Wadi Degla Developments is considered one of the pioneers in Ain Sokhna since the launch of their first project, Marina Wadi Degla in 2005.\u00a0 Since then, Wadi Degla\u2019s portfolio in Sokhna has reached 6 projects, making them one of the largest developers in the region. \u201cWith the number of new plots available for development limited to mountain areas, the project represents a rare remaining opportunity with its over 700-meter private beach. Waterside is built with a new innovative concept. The land layout itself promotes a masterplan with a sea view for all units, something that is considered a rarity on a beach resort\u201d said Ahdy.<\/p>\n
Since its launch, Murano has become with more distinct features. In addition to Ain Sokhna\u2019 hot spring running through the project, Murano sits on a prime location on Zaafarana road at the entrance of Sokhna, half an hour from the newly built capital and about an hour away from Cairo. The recent logistic and geographic developments to Ain Sokhna raising its investment returns gives the resort a \u201chuge competitive advantage,\u201d and that with the future development of a commercial space, foreseen, will prove extremely successful as it caters to the requirements of the area.<\/p>\n
Spanning 470,000 sqm, Murano offers an exclusive sea view for all its units. The project has about 2320 units with areas between 90 and 260 sqm, ranging from villas to attached villas, duplexes and chalets as well as various facilities including a hotel, private beach, marina, commercial area with a range of restaurants and cafes, swimming pools and vast landscapes surrounding the project.<\/p>\n
\u201cWadi Degla Developments is constantly implementing new and innovative concepts and creating distinct products to maintain its customers\u2019 trust and satisfaction and offer an added value to the Egyptian real estate market that ensures higher ROI,\u201d said Ahdy \u201cWith the delivery of the projects\u2019 first phase with full-fledged facilities and fully-finished units that housed over 600 families, we have been developing the project to provide our residents and customers\u2019 an exquisite lifestyle. In addition to the launch of Waterside, we have recently opened \u201cBianca\u201d, a new restaurant offering delicacies of the Italian cuisine for a luxurious dining experience to Murano residents. The project will also include a hotel, commercial zone, a private beach and swimming pools, in addition to green spaces making up various landscapes and playgrounds.\u201d<\/p>\n
Wadi Degla Developments is also collaborating with Injaz on designing the third phase with an innovative look reflected in the unit architecture and its interior designs, as well as the stunning landscapes that impart a distinct taste of luxury throughout the project.<\/p>\n
On the project\u2019s investments, Raymond Ahdy said that the company is investing 8 billion Egyptian pounds into the construction of the total project. It is difficult to set a final price tag in current market circumstances. \u201cThe lesson post-covid, post-war economic reform taught us is that it is essential to ensure you have a project management schedule along with a sufficient time buffer for execution.\u00a0 In line with this, phase two of the project, which had witnessed reached a halt as a result of the new beach legislation, is progressing rapidly,\u201d added Ahdy \u201cIn spite of the halt, Wadi Degla Developments teams has worked nonstop to successfully obtain the required permits and resume construction works on phase 2 towards the delivery of some of its units this year and delivering the rest in 2024.\u201d<\/p>\n
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Wadi Degla Developments hosted a media visit at Murano Ain Sokhna in celebration of the launch of \u201cWaterside\u201d in the third phase of Murano. With investments of around EGP 8 billion, Murano beach stretches across 750 meters on the red sea shore as the project sits on a prime location on Zaafarana road, making it …<\/p>\n","protected":false},"author":1,"featured_media":20637,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[81],"tags":[7890,6885],"class_list":["post-20639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-news","tag-murano-ain-sokhna","tag-wadi-degla-developments"],"yoast_head":"\n