Ajna Developments offers distinctive units with competitive payment plans in its flagship project Carnelia Sokhna

Ajna Developments holds a celebration to launch new units in Carnelia Sokhna project, in presence of real estate marketing companies and company’s officials.

The project's location in Ain Sokhna adds to its competitive advantages and we are studying the expansion in east Cairo and North Coast, says Osama Shalaby

We focus on raising construction rates of the project and cooperating with SITES International to develop the project's masterplan, says Amr Eid

The new phase offers competitive payment plans for a period of up to 12 years, says Moataz Shalaby.

Flexible payment plans

During a huge celebration, Egypt’s real estate developer Ajna Developments announced the launch of new distinctive units in Carnelia Sokhna project in Ain Sokhna, which includes various unit spaces and new and flexible payment plans that suit the needs of target customers.

The company held the celebration in presence of company’s officials, officials of real estate marketing companies and a group of journalists and media professionals.

Chairman of Ajna Developments Osama Shalaby said that the Carnelia Sokhna project is located 30 km from the gates of Ain Sokhna, and 15 km from Zaafarana Road, and the project is adjacent to El Galala Tourist Resort. Besides, Carnelia is situated on just steps away from the Marina International Marina, which adds to the project's competitive advantages.

Osama Shalaby noted that Egypt’s real estate sector is capable of facing economic challenges, which was proven by the sector during the recent period that witnessed high prices of raw materials globally and high construction cost. Moreover, demand for real estate continued and companies achieved strong sales during the first half of this year.

He pointed out that real estate remains a safe haven for investment, especially during periods of economic challenges.

He further added that local property market is able to compete globally in light of some new elements, namely the size of urban development that Egypt is witnessing, the development of local real estate product and the innovation carried out by companies in developing their projects during the recent period. In addition to, low price of properties in Egyptian market compared to prices in the region and the world.

Ajna Developments is in process of studying the expansion in east Cairo and North Coast in line with the state's plan to develop these areas, as well as with the increase of demand on these areas. Accordingly, the company focuses on meeting needs of customers for tourism, residential and hospitality products that achieve diversity in its projects portfolio, according to Shalaby.

Chief Development Officer (CDO) at Ajna Developments Amr Eid stated that the project is being built on an area of 100 acres with total investments worth more than EGP 4bn, said that the project is being developed over six phases.

Eid added that the masterplan of the project was developed by SITES International, and the famous Javier Oswaldo Cuevas López, CEO & Founder of CREATO ARCHITECTS, was hired to develop interior architecture designs for the project.

He pointed out that the Carnelia Sokhna resort has a frontage on the sea of 700 meters, and features 9,000 sqm of swimming pools, as well as an swimmable lagoon of 12,000 sqm.

Open and green spaces

The masterplan of the project provides open and green spaces covering 83% of the project size, in addition to that, all units of the project enjoys a full sea view, he noted, disclosed that a social club will be established for the project owners with a total of 3 clubs in addition to a beach club.

He highlighted that the company is focusing on raising construction rates of the project, explained that accelerating constructions of the project is one of the elements that are focused on in order to adhere to delivery dates, noting that promptness is an essential pillar of the company in all its projects.

The company’s Chief Commercial Officer Moataz Shalaby said that the Carnelia Sokhna resort comprises 1,500 fully-finished housing units supplied with kitchens. Furthermore, the project includes villas, twin houses, townhouses and chalets with areas ranging from 90 to 350 sqm. The company plan to begin delivering the project in 2024, he disclosed, noted that units are currently offered include various spaces, starting with studio of 55 sqm, two bedrooms apartments with an area of 115 sqm, plus units with spaces of 120 sqm, up to units with spaces of 260 sqm.

Diversity in spaces

Ajna Developments focuses on diversity in spaces and payment plans to suit different needs of customers, Shalaby added.

He explained that the company focuses on providing flexible payment methods that suit target customers, and encourage purchasing decision, commented, “This phase includes multiple payment plans starting from 8% down payment and payment plans of up to 12 years. These payment methods have been carefully studied to achieve the availability of required liquidity for the project constructions.

Moataz Shalaby pointed out that real estate marketing companies that market the project are success partners who contribute to achieving the company's salesobjectives, in addition, they are a link in identifying sales and operational requirements of clients in the project, which benefits the company and clients as well.

The company is marketing the project inside and outside local market, especially with the distinguished properties within the project and its suitability with various needs of customers outside Egypt who are looking for real estate in coastal cities, he elaborated, concluded that Egypt is characterized by the presence of coastal areas that are not repeated worldwide.