SV Developments announced the launch of a new phase of the Diamond resort in Ras Sidr. This phase includes units ready to move, with various spaces and flexible payment plans.
Chairman of SV Developments consulting engineer Abdel Hamid El-Batsha said that the project features all elements of excellence, namely location, the beach and interior design, as well as internal components of the project that provide quality of life and luxury for residents.
El-Batsha stated that Ras Sidr city is one of the promising coastal cities that customers are interested in being there, especially after developing road network and hubs that connect the city with its surroundings.
He added that the offered phase comprises units with various spaces starting from 40 sqm for studio units, and160-sqm villas, with the lowest loading rate for all units.
He further noted that the contract allows client to own a share in the building land which is an exceptional feature that is not available in most projects to achieve the maximum benefit for customer from space of his unit.
Diamond Resort project is a tourist residential project located on 50 feddans with total investments exceeding EGP 1bn. The resort features the largest beach in Ras Sidr city with a width of 3,200 sqm, and all chalets overlooking the sea. Meanwhile, the farthest chalet from the sea is 250 sqm away only. The project is located in a prime location near the heart of Ras Sidr and is close to all services that client needs during their stay, he disclosed.
“The Diamond Resort encompasses a commercial mall, 14 swimming pools spread throughout the project, two lagoons, an aqua park. Moreover, the sea that does not have a tidal problem at all, which makes residents enjoy calm and safe waves, as well as, kitesurfing,” he elaborated. “The company offers various payment plans for its clients commensurate with their purchasing capabilities, with only 20% down payment and the rest in installments up to 7 years”.
The company’s chairman revealed that the company plans to launch several projects during the current year, which achieve more diversification in its investment portfolio, and integrate with the state’s plan for urban development in all new cities.
Egypt’s real estate market is full of investment opportunities despite market challenges, but serious companies with financial solvency and experience is able to seize these opportunities, El-Batsha concluded.