Madinet Masr, one of Egypt’s leading urban community developers, launches Elan, a mixed-use development within its 5.5 mn sqm Sarai community, Invest-Gate reports.
Madinet Masr has launched Elan, its latest project in Sarai, according to a press release on June 21st.
The launch of Elan project is part of Madinet Masr’s expansion.
The mixed-use development features over 2,800 units and has a total built-up area (BUA) of 347,043 square meters, offering a variety of residential options.
Elan includes more than 2,800 residential units with 347,043 sqm of space. Options range from 80 to 165 sqm apartments with gardens, 130 to 190 sqm penthouses, 80 sqm lofts, and 170 to 210 sqm duplexes. The units will be delivered within four years.
Apartments with gardens ranging from 80 to 165 square meters in size, penthouses from 130 to 190 square meters, lofts from 80 to 210 square meters, and duplex units from 170 to 210 square meters are among the available units.
Spanning 356,000 sqm, Elan residents will have access to Sarai’s amenities like shopping, dining, an international school, a luxury hotel, and a lake. residents of Elan will have access to facilities, as well as educational and recreational opportunities offered by Sarai.The project includes 9,000 sqm of commercial space.
Situated close to the New Administrative Capital on Cairo-Suez Road, Sarai spans 5.5 million square meters.
This launch is a part of Madinet Masr’s expansion plan, which was put in place after the company’s new brand name was unveiled and is based on pursuing growth. aiming to launch multiple projects across Egypt and regionally to maintain its leading position.
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Madinet Masr reported EGP 1.015 bn revenue and EGP 304.4 in net profit in 1Q 2023, developing its land bank, supporting the state’s urban expansion, and meeting real estate demand.
