White Eagle Developments intends to launch a residential project in the New Administrative Capital
White Eagle Developments intends to launch a residential project within a few days in the most prominent area in R8 in the New Administrative Capital, with investments of EGP 2.5 billion.
Dr. Ahmed Gebili, Chairman of White Eagle Developments, said that, believing in the strength of the Egyptian real estate market and its ability to face economic conditions globally and locally, the company has decided to launch its first project in the New Administrative Capital to be an icon in design, implementation and customer requirements, after a study of the target segments and requirements.
He pointed out that the project is in partnership with EgyptAir, the owner of the land, and White Eagle Developments will build the project.
Gebili added that “Blue Bird” is located in the R8 area on an area of 25 acres, near the Green River and the Diplomatic District and 15 minutes from the New Administrative Capital Airport.
Pointing out that the project includes 33 buildings, with areas starting from 120 meters per units, with the lowest loading ratio ranging between 22:24%, and the building area doesn’t exceed 18% of the total area of the project.
Dr. Ahmed Gebili added that the project also includes a social club, and swimming pools for families away from the residential buildings to take into account the privacy of customers, in addition to a covered swimming pool for women, the project also includes lagoons, gym, and a strip mall with a distinctive design for easy shopping on an area of 8000 meters.
He added that the company is awaiting the ministerial approval to start construction work.
Dr. Ahmed Gebili, Chairman of White Eagle Developments, confirmed that the Egyptian real estate sector is witnessing its brightest era, especially after the construction boom led by the government.
Pointing out that the government’s tendency to build smart cities and expand in fourth-generation cities motivated Arab and foreign investors to enter the Egyptian real estate market, whether development companies, engineering supervision, designs or global management companies, stressing that the coming period will witness the participation of major entities from the Gulf countries in the Egyptian real estate sector, which was evident in the recent visits of delegations from major companies that visited the New Capital and Alamein city to find out the most important developments of urban projects in those areas and study ways to invest in them.
It is noteworthy that Dr. Ahmed Gebili has more than 15 years of experience in the real estate sector, and a strong business history in the United Arab Emirates, where he developed a number of medical and health centers.
