Gates Developments achieves contracted deals worth 8 billion EGP in the ‘Lyv’ project
Gates Developments announced achieving contractual sales worth 8 billion EGP in the “Lyv” project on the North Coast. The project is being developed in partnership with PIBC group, the owner of the project land.
Hassan Nasr, CEO of Gates Developments, stated that the Lyv project spans 206 acres at kilometer 200 in the North Coast. Through this project, the company aims to offer a unique real estate product capable of competing. The project is a fully integrated residential community with a built-up area of approximately 350,000 square meters and total investments exceeding 40 billion EGP.
LYV Ras El Hekma is the newest development by Gates Development, a comprehensive residential concept along the picturesque Egypt North Coast. Boasting a prime location, the project aims to cater to all resident needs by offering various services and facilities. Moreover, LYV sets itself apart with competitive pricing, distinguishing itself in a region marked by fierce competition. Residents can look forward to many amenities and services, including a 400-meter Sandy Beach, swimming pools, a dedicated kids’ area, a swimmable lagoon, a commercial district, a boutique hotel, an elite clubhouse, and a community clubhouse. This holistic approach to residential living ensures that LYV Ras El Hekma is well-equipped to meet the diverse needs of its residents in the scenic and sought-after North Coast region.
He added that the project’s designs were created by DMA Engineering Consultants. The Lyv project includes a commercial area featuring the largest and strongest international brands, various restaurants, and cafes. The project offers a favorable investment environment and multiple opportunities in the heart of the North Coast. This is due to our ability to select a prime location and contemporary designs that keep pace with the significant developments in the Ras El Hikma area and the state’s interest in it, especially as it represents the future of tourism investment in Egypt.
This project aligns with the company’s expansion strategy and ambitious vision to create integrated investment real estate projects in key locations across the country. The company is dedicated to achieving excellence and fostering innovation in the real estate development sector.
