Residence Development launches the fourth phase of the Aroma Sokhna
Residence for Real Estate Development plans to launch the fourth phase of the ‘Aroma Sokhna’ project soon, with a targeted sales goal of 2.5 billion EGP.
Wael El Shahed, the CEO of the company, stated that the fourth phase spans 25 acres and will be implemented soon. This phase features architectural designs, premium services, and diverse spaces to meet all customer needs. He noted that ‘Aroma Sokhna’ is the first coastal project to provide gas to all its units and is distinguished by its unique location. The first and second phases of the project have been operational since 2018.
During a tour organized by the company, El Shahed added that the Aroma Residence project in Ain Sokhna is one of the most significant existing tourism and coastal projects on the Red Sea. Aroma Sokhna covers 85 acres with investments exceeding 6 billion EGP. Finishing touches are currently being applied to the third phase of the project, which is scheduled for full delivery and operation by the end of this year
He noted that investments totaling 1.25 billion EGP are being injected into the project in 2024. This includes 750 million EGP for construction work on the project until the end of 2024, in addition to 500 million EGP that have already been invested to complete finishing work and services for the project from the beginning of the year until the end of July.
He pointed out that Aroma Sokhna includes services spread over 25 acres, such as a sandy beach, the largest water bodies with a unique and distinctive distribution throughout the project area, water games, beautiful green landscapes, a marina for yachts, a designated children’s play area, 12 swimming pools, a social club, in addition to the project’s hotel, “Aroma,” which offers the best hotel services for the chalets throughout the year.
He confirmed that the company has a comprehensive development plan and is selecting several investment opportunities to launch a new project next year. He also mentioned studying various opportunities available in several key and attractive investment areas in both West and East Cairo, the North Coast, and weighing them against each other. Additionally, the company plans to launch a new project in 2025 according to its new expansion strategy.
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