Madaar Developments has sold out on the first and second phases of its newest project – The Hillage in Sheikh Zayed City, generating sales worth EGP 12bn. The project is predicted to generate total investment returns of roughly EGP 45bn.
The Hillage is being developed on what Madaar indicates as the last available land plot in Sheikh Zayed, with direct access to central Sheikh Zayed and the Cairo-Alexandria Desert Road.
The 100-feddan project is curated as a boutique smart community, with 86% of the total area allocated to green spaces and car-free open areas.
Madaar Developments mentions the project adopts the ‘five-minute city’ concept, aiming to provide residential, commercial, sports, and entertainment facilities within walking distance. The developer expects to complete the project within four years due to accelerated construction rates.
The Hillage includes roughly 1,000 residential units, including standalone villas, twin houses, townhouses and serviced apartments, as well as a commercial zone and a sport and social club. The announcement is further to Madaar’s Developments previous work including ‘Azha Ain Sokhna’ and ‘Azha Ras El Hekma’.
