Emaar Misr highlights ‘countdown to handover’ of world-class projects by year-end at Next Move 2010

Published May 2nd, 2010 - 06:53 GMT

Emaar Misr, the wholly owned subsidiary of global property developer Emaar Properties PJSC, is highlighting the countdown to handover by the end of this year of residences and commercial property within its world-class developments in Egypt at the Next Move 2010 exhibition to be held from April 28 to May 1 at the Cairo International Convention Centre.


Emaar Misr is showcasing its integrated lifestyle developments – Uptown Cairo, Marassi and Mivida – at the premier real estate exhibition under the theme ‘Unveiling World Class Living.’ The pioneer of integrated master-planned communities in Egypt is also emphasizing on the world-class standards it upholds in all its developments featuring fully-finished homes, superior lifestyle amenities, superb location, focus on community interaction and modern facility management services.


Hazem Ashry, General Manager, Emaar Misr, said that the three projects by Emaar Misr are progressing as per schedule with the first residences in the first phase of Uptown Cairo and Marassi to be handed over by the end of this year.


“The excitement is building up as we move closer to the hand-over date of the first residential units. Emaar Misr has provided consumers with a taste of Emaar’s superior quality standards with the opening of the Marassi Beach Clubhouse. Customers are now aware of the advanced quality and superior standards that we bring to our projects including our market-leading initiative of offering fully finished and fully managed residences. With the planned handover of homes in Marassi and Uptown Cairo later this year, we will further highlight the unique lifestyle and advanced facility management that we bring to our communities.”


In preparation to welcome the first residents, Emaar Misr has also made remarkable progress in terms of infrastructure support, power and water supply at Uptown Cairo and Marassi.


Uptown Cairo golf clubhouse is nearing completion and billed to be finished in summer this year.  Emaar Misr is also developing a new road infrastructure project that will connect Uptown Cairo, the only project in central Cairo, to the 6th of October bridge and the Ring Road, thus making the community just minutes away from any Cairo address.


In Marassi, the driving range has been completed and work on the Golf Academy is in the final stages. Excavation work for lagoons is also currently ongoing, in addition to progress achieved in completing the main gate and model homes, which offer customers a true feel of the lifestyle experience that awaits them.


In Mivida, the Office Park, set amidst serene parks and wide open spaces, is rapidly progressing for on-schedule handover. Work on the residences will commence shortly for handover in 2012.


Highlighting the theme of its participation, ‘Unveiling World Class Living,’ Emaar Misr will have a large pavilion at Next Move with three dedicated areas – each set apart for an individual development and showcasing the superior finishing and amenities provided in the project.


On display will be the projects’ masterplan, finishing boards that feature samples of the materials used for interior design as well as images of construction in progress and videos, which will be streamed on Plasma screens. The company’s management team will be present to interact with visitors and address their queries.


Emaar Misr is one of the largest foreign direct investors in Egypt’s real estate sector with an investment portfolio of EGP 31.67 billion.


Uptown Cairo, the pioneering master-planned golf community in Egypt, is developed to world-class quality standards to include all needed amenities. Located some 200 metres above sea level, the neighborhoods offer residents the comfort of cooler climate, lower pollution levels and spectacular views from the hilltop of the city. Easily accessible from all parts of Cairo through the new road infrastructure, the fully integrated community features gated urban villages, each constructed around a golf course and with an individual community center.


Marassi is a 6.25 million sq m development located on the sandy white shores of Sidi Abdel Rahman Bay. A world-class resort development, Marassi features seven distinct lifestyle districts celebrating the varied facets of Mediterranean living. With a development value of EGP 9.92 billion, Marassi will feature up to 3,000 hotel rooms, Egypt’s first Armani Residences, a marina, golf course, Golf Academy, healthcare facilities and other lifestyle amenities.


Mivida is an EGP 5.75 billion residential development at the 5th district, New Cairo City located near the new campus of the American University in Cairo. The development features world-class homes designed by international architects. With the focus of offering a robust and lively outdoor environment, Mivida is anchored by a 33-acre central park in addition to smaller parks that are ideal for community activities. To promote an environment-friendly lifestyle, there are walking trails connecting the community roads for walks and jogging, as well as promenades and cycling trails. These will be a great value addition for Cairo residents, who look forward to green spaces and outdoor activities in their living environment.

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