o   With EGP 30 bn. Total Investment... IL Cazar Launches The Crest in New Cairo 

The leading real estate company، IL Cazar، has launched its latest residential venture، The Crest. Spanning an expansive area of 158 acres and total investments of EGP 30 billion، The Crest is marked as the first milestone of the collaboration between IL Cazar and Emirati UDC Real Estate Development، the subsidiary of Mohammad Omar bin Haider Group (MOBH Holding). This partnership agreement was signed in December of last year، 2023، by Mr. Nader Khozam، the Chairman and CEO of IL Cazar، Mr. Fady Nassif، Vice Chairman and Board Member، and Mr. Mohammed Zahid Al-Baterni، CEO of “UDC” Real Estate Development.

Unique strategic location

The Crest is poised to become a landmark project in East Cairo due to its unique strategic location at the intersection of South 90 St. and E-Ring Road، as well as the meticulous planning of the project، which is divided into three distinct phases and offers a diverse range of residential units such as Signature Villas، Standalone Villas، Townhouses، Quadro، Duplexes and Apartments، as well as a specialized commercial district. The Crest demonstrates IL Cazar's unwavering dedication to delivering real estate projects that cater to various needs and preferences of the clients; the project's construction work is expected to be completed within 3 years and a half to start delivery in 2027. The Crest is projected to generate target sales of EGP 60 billion، reinforcing IL Cazar's position as one of the top-notch companies in the Egyptian real estate market.

In this context، IL Cazar Leaderships expressed their enthusiasm for this significant milestone، the launch of The Crest، which is considered a tribute to the company’s commitment to excellence and innovation. With its prime location، visionary design and masterplans، and world-class services، The Crest is set to redefine the standards of modern living in New Cairo. IL Cazar strives to provide an outstanding experience to its clients in each part of the project by collaborating with the most professional entities in developing the project. The start was the partnership with UDC Real Estate Development، one of the most reputable real estate companies in the UAE، which is known for its successful international projects. The collaboration will bring together the experience of both companies، ensuring the highest standards for developing an integrated urban community.

Latest global standards

“The Crest will be implemented according to the latest global standards، hoping to provide clients inside and outside Egypt with a unique project، as IL Cazar planned to market the project locally and globally as a part of its dedication to supporting the Egyptian government’s efforts to attract direct foreign investments and enhance the Egyptian real estate industry،" according to IL Cazar's representatives.

The Crest's master plan was designed by the esteemed Raef Fahmi Architects، the most renowned company in the architectural and engineering fields with its contemporary designs and innovative approach. One of the standout qualities of The Crest is its focus on providing the highest levels of privacy and convenience. The apartment district is completely separate، with a direct view of the green areas and private underground parking، ensuring residents have all of their needs for privacy، security، and a hassle-free life..

The project will offer an array of exclusive amenities and facilities that will enhance the quality of life for its residents. A state-of-the-art clubhouse will provide a luxurious space for socializing and recreation. Residents will also have convenient access to a range of services، including restaurants، a hypermarket، and a pharmacy، all within the project's premises.

IL Cazar is one of the most remarkable real estate companies in Egypt with its spectacular achievement record in the industry. IL Cazar has a diverse land portfolio spanning 1000 acres، including “Creek Town"، “Vill”، and “AIAN” in New Cairo، and “Go Heliopolis،” in Heliopolis، as well as its most recent project “The Crest" in New Cairo، with an ambitious plan to expand in the most vital investment areas around the country، particularly in New Cairo، the North Coast، and the 6th of October City.