New Jersey Development Company announced the successful sale of the first phase of its latest residential project, “Jamila,” in the North Coast following the receipt of ministerial approval. The company has already begun construction, adding a valuable project to Egypt’s real estate market and showcasing its commitment to providing integrated residential solutions that meet customers’ needs and adhere to global quality standards.
Fulfilling Procedures Before Launch Enhances Customer Trust
Eng. Georges Youssef, Chairman of New Jersey Development Company, stated that the company follows a clear strategy based on completing all formal procedures before launching projects for customers. He highlighted that obtaining the ministerial approval prior to the launch demonstrates the company’s dedication to safeguarding customers’ interests, contributing to record sales for the first phase.
Details of the First Phase and Project Location
The first phase of the “Jamila” project is located at kilometer 263 and spans 50 acres out of the project’s total area of 130 acres. This phase includes a diverse selection of residential units ranging from 75 square meters to 217 square meters to suit various tastes and needs, all with direct sea views. The options include chalets, duplexes, hotel apartments, townhouses, and villas, making it ideal for those seeking luxurious living.
Timely Execution According to Schedule
Youssef confirmed that New Jersey Development has already commenced construction of the first phase and emphasized that the project will be executed according to the scheduled timelines and the high-quality standards the company is known for. He added that handover is set to begin in three years, in 2027, reinforcing the company’s commitment to timely delivery and supporting its strong reputation in the real estate market.
Comprehensive Facilities and Leisure Services
The “Jamila” project features a complete array of facilities, including a five-star hotel, a variety of upscale restaurants and cafes, diverse retail stores, and a shopping mall housing global brands. These amenities create an integrated environment that combines luxurious living with leisure services tailored for families and investors alike.
Commitment to Quality and Sustainable Development Standards
Youssef emphasized that the “Jamila” project reflects New Jersey’s 20+ years of experience in real estate development and underscores the company’s dedication to global quality and sustainable development standards. The project aligns with the company’s strategy to support the country’s urban development goals and realize Egypt’s Vision 2030.
Establishment and Market Position
New Jersey Development Company was established over 20 years ago and has solidified its status as a leading real estate development company in Egypt. Known for delivering innovative projects that meet the needs of an expanding real estate market, the company has garnered wide trust from customers across the nation.
Diverse Projects in Strategic Locations
New Jersey Development focuses on providing integrated residential and commercial projects that adhere to global design and construction standards. The company aims to offer high-quality housing and commercial units that meet the diverse needs of customers. Its projects are located in strategic areas such as the North Coast, New Administrative Capital, and New Cairo, ensuring a variety of options for those looking for housing or investment.
Company Approach
The company adopts a strategic approach that involves completing all legal procedures and obtaining necessary permits before launching any project, reflecting its commitment to credibility and quality. New Jersey Development is dedicated to offering housing units with modern designs and high standards, alongside a fully integrated residential environment that includes essential services and amenities for residents’ well-being.
Comprehensive Facilities and Services
New Jersey Development is committed to providing integrated facilities and services within its projects, including shopping malls, schools, healthcare facilities, and sports clubs, as well as green spaces and artificial lakes that add aesthetic value to the residential environment, enhancing residents’ quality of life.
Innovation and Sustainability
The company emphasizes using advanced construction technologies and technological innovations, aligning with sustainable development standards and contributing to an improved urban lifestyle in Egypt. Through its future vision, New Jersey Development aims to keep pace with global advancements in the real estate sector and contribute to sustainable development and Egypt’s Vision 2030.
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