Arqa Real Estate Development has announced that it has sold over 80% of Phase One of its residential project Ritz in New Zayed City, generating sales exceeding LE1 billion in a short period following the launch of bookings and contracts.
Ahmed Ezzat Zyada, Chief Commercial Officer at Arqa, stated that despite the current slowdown in the real estate market, Ritz has managed to stand out strongly, thanks to its prime location on the Dabaa Axis—linking New Zayed with Alamein—and just minutes away from Sphinx International Airport, giving it a significant competitive edge.
He added that the strong demand for Ritz is largely driven by fair pricing and flexible payment plans extending up to 15 years, making ownership more accessible to a broader segment of clients seeking upscale living or long-term investment opportunities.
Zyada emphasised that this success reflects Arqa’s keen ability to understand market dynamics and deliver projects that combine strategic locations with real value, effectively meeting investors’ expectations.
Ritz marks the company’s first residential venture following a series of successful commercial and administrative developments. It represents a significant leap for real estate projects in West Cairo, especially amid rising demand for premium, low-density communities.
The project offers a diverse range of units including studios, apartments, garden villas, sky villas, and townhouses, all featuring modern designs that prioritize privacy. Approximately 80% of the compound’s area is dedicated to green spaces and artificial lakes, enhancing the quality of living for residents.
