Delta Capital for Urban Development intends to achieve EGP 4bn in sales of the Blue Beach project in the Delta region, the company’s CEO Samy Abdelkader has said.
Abdelkader added that the Blue Beach was the company’s third project in the Delta region and located on the International Coastal Road. The project comprised 2,000 units of chalets, residential units, and separate villas. It was launched last year and boasted Sky Roof units with a panoramic view of the sea.
He noted that the Blue Beach resort features luxury and entertainment activities and properties especially serviced-apartments which are experiencing great demand in the region due to lack of supply, pointed out that the company pays great attention to the entertainment aspect of these projects. For instance, Delta Capital was the first company to develop the idea of a Beach club. Accordingly, the resort comprises a group of restaurants on the sea and a theater for summer concerts.
The company’s CEO disclosed that Delta Capital has managed to sell out the entire first phase of the project which constitutes 40% of the total project, and added that the second phase will be offered soon for reservation.
“The company has completed and delivered two projects and they are currently fully operated, which are Marina Delta and Marina Delta Lagoons. They span over 90 feddan encompassing 4,000 units, Abdelkader elaborated. “We plan to launch our fourth project next year.”
He revealed that the total sales of the three projects reached EGP 7.5bn, of which EGP 1.3b was recorded in the past year.
Abdelkader concluded: “Our projects are met with great demand from customers, especially the owners of units in our other projects. These make up 60% of the sales of the new project. This shows the great confidence our customers have in us.”