Construction work on The Crest project is scheduled to be completed within three and a half years to start delivery in 2027. Leading real estate developer IL Cazar has announced the launch of its latest project in New Cairo, The Crest, which spans an area of 158 acres and has a total investment of 30 billion pounds. The project is the first step in the cooperation between IL Cazar and UDC Real Estate Development, a subsidiary of the Mohammad Omar bin Haider Group (MOBH Holding), under a partnership agreement signed in December 2023 by Nader Khozam, Chairman and CEO of IL Cazar, Fady Nassif, Vice Chairman of IL Cazar, and Mohammed Zahid Al-Baterni, CEO of the Mohammad Omar bin Haider Group.
The Crest project is distinguished by its very strategic location at the intersection of South 90th Street and the Middle Ring Road, making it one of the most prominent projects in East Cairo. It has also been carefully planned to be developed in three phases, each providing a variety of residential units ranging from signature villas, independent villas, townhouses, Quadro, duplexes and apartments, and a specialized commercial area.
The project is an accurate representation of IL Cazar’s commitment and dedication to developing real estate projects of the highest quality that meet the different needs and requirements of its clients. Construction work on The Crest project is scheduled to be completed within three and a half years to start delivery in 2027.
The company targets to achieve total sales from the project of 60 billion pounds, which will strengthen the company’s position as one of the most distinguished real estate companies in the Egyptian market.
In this context, the officials of IL Cazar expressed their great enthusiasm for this vital step, as the launch of The Crest project is a true testament to IL Cazar’s constant commitment to excellence and innovation. The project’s unique strategic location, stunning designs, and world-class services give The Crest the ability to redefine the standards of modern living in New Cairo.
IL Cazar is sparing no effort to provide an ideal experience for its clients in every part of the project. This is why it was keen to cooperate with the most professional entities in each field to develop the project, starting with the partnership with UDC Real Estate Development, one of the most famous and distinguished real estate companies in the United Arab Emirates, known for its successful global projects. This cooperation will combine the expertise of both companies to ensure the highest development standards for integrated communities.
IL Cazar officials confirmed that The Crest will be implemented according to the latest international standards, hoping the company will provide its clients inside and outside Egypt with a unique project. The company has planned to market the project locally and internationally as part of its strong commitment to supporting the Egyptian state’s efforts to attract more foreign direct investment and promote the Egyptian real estate industry.
The master plans for The Crest project were designed by Raef Fahmy Consulting, the most distinguished company in the field of architectural and engineering design, which is distinguished by its contemporary designs and innovative approach. One of the most distinctive features of The Crest is the focus on providing the highest levels of privacy and comfort for its residents, as the apartment area in the project enjoys a unique feature of complete independence with a direct view of the green spaces and provides a private underground parking lot, which ensures that residents have full privacy and security away from the hassle.
The project will also provide a range of exclusive amenities and features that will improve the quality of life for its residents, including a Clubhouse as a dedicated area for social interaction and entertainment. In addition, the project’s residents and visitors will enjoy easy access to various services, including restaurants, hypermarkets, and pharmacies, all within the project’s buildings.
IL Cazar is one of the leading real estate companies in Egypt, with a long track record of significant achievements in the real estate development industry. The company’s impressive achievements in this industry include a diversified land portfolio of up to 1000 acres, including Creek Town, The VILL, and AIAN projects in New Cairo, Go Heliopolis in Heliopolis, and its latest project, The Crest in New Cairo. In addition, the company has an ambitious plan to expand in the most critical vital investment areas throughout Egypt, especially in New Cairo, the North Coast, and the 6th of October City.
