EGP 5,439,000
Reference: PR 538
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Property Type:
Villas / Sale
Price:
EGP 5,439,000 Installment
Finishing Status:
Semi Finished
Plot Area:
1244 M2
Building Area:
500 M2
Type:
Stand Alone
Price:
EGP 5,439,000
Down Payment:
EGP 1,087,800
The value of Installment:
EGP

IL Monte Galala

Tatweer Misr launched the first phase of its “IL Monte Galala” project in Ain Sukhna on Wednesday.

With an initial investment of $250m , phase one of the project will include residential and hotel units , which will be completed by 2019. The project is expected to build over 5000 units in some ten years.

“IL Monte Galala-Sokhna is positioned to become a local and international destination of choice , offering unparalleled activities and lifestyle options based on their unique vision of building value that goes beyond the integration of Ain Sokhna’s stunning natural beauty into the project’s urban design” , according to a company statement.

Situated over 2.2 million sqm of the Galala Mountain , the development will offer distinctive zones that focus on providing unique leisure and entertainment experiences yet to be offered in Egypt.

Discussing the project’s importance , Managing Director and Member of the Board at Tawteer Misr , Ahmed Shalaby , said , “At Tatweer Misr we are committed to building value and , as such , providing more than just a residential destination”.

The project has a wide variety of units , from 80 sq metre chalets to 400 sq metre villas , said Shalaby.

IL Monte Galala will be developed in partnership with both local and international industry leaders , including the international architectural company 5+1AA.

Discussing the project’s master plan , the Technical Director and partner of 5+1AA , Gianluca Peluffo , said , “The carefully designed master plan of the development offers three distinct leisure and entertainment areas at different levels of the development; sea front , mid-level and high altitude”.

“We will start with some entertainment and commercial units in order to market the project , with delivery set for next year” , Shalaby added.

“The project is a second home destination , but we are targeting , in the second phase , to build first homes , as this region is developing and is expected to be an urban city , while it is located only 30 minutes from the new administrative capital”.

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