Jumeirah Egypt launches 1st project ‘NAIA BAY’ in Ras el-Hekma

Jumeirah Egypt for Real Estate Investments has officially announced the inauguration of its first project named “NAIA BAY” located in Ras el-Hekma Bay on the North Coast, with investments worth LE7 billion, contributing to the prosperity of the local real estate sector, sprawling over an area of 112 acres. A press conference was held to announce this remarkable milestone for the company in attendance of partners assisting in the development of the land surrounding the commercial area. 

With its characteristics that make it one of the most significant worldwide coastal cities, Jumeirah Egypt for Real Estate Investments decided to opt for this area to be its first investment in the Egyptian market.

 “Egypt has seen a continuous urban renaissance in the last seven years, which motivated Egyptian and international investors to expand on the market and take advantage of the development of the state in the establishment of new cities and urban projects,” Hisham Eldanasoury, CEO of Jumeirah Egypt for Real Estate Investments said in the press conference. “In alignment with Egypt’s 2052 strategic plan and the state’s efforts to establish fourth-generation cities, Jumeirah Egypt for real estate investments launches its first project “NAIA BAY” at Ras el-Hekma” he added. 

“With unique surroundings and mesmerising views, the innovative design of “NAIA BAY” project is inspired by the Greek school of art and construction along with contemporary architecture. With an imperial waterfront for all units, the design of the project, which is located at 212 Km aims to meet the clients’ needs as it overlooks artificial lakes to provide a water view for all units. Moreover, it offers a wide range of services and amenities, among them an international 5-star luxury hotel, a shopping centre, a private beach, swimming pools, cafés, restaurants, and a private beach club.” said Eng. Shady El-Ghunaimi addressing the press conference.