Cairo – Mubasher: Al Ahly for Real Estate Development (Sabbour) has launched its latest mixed-use urban community project in Mostakbal City, The Ridge.
Spanning an area of 1 million square metres, The Ridge features eight types of elevations with a total of 1,400 units and an approximate built-up area of 400,000 square metres, according to a press release.
The project is being built at a cost of EGP 2.5 billion and its first phase is projected to be delivered in 2023, Sabbour said.
“The Ridge is inspired by the fact that it’s developed on an area that possesses different elevations which helped in introducing a variety of designs as well as exploring an array of unparalleled views,” managing director Ahmed Sabbour commented.
Located 30 kilometres east of Greater Cairo, The Ridge is near New Cairo City and the New Administrative Capital from the east, as well as Cairo International Airport.
The project features a diverse mix of units, including standalone villas, twin houses, and townhouses, according to the press.
“El Mostakbal is a company driven by a clear strategic vision and the expertise of its management. Our partnership is based on trust and mutual benefit and the most successful partnership is one which provides synergy,” Sabbour remarked.
The Ridge is Sabbour’s second residential complex to be developed within the city of Odyssia following Alaire spreading an area of 2.4 million square metres and is the latest collaboration between Al Ahly for Real Estate and El Mostakbal for Urban Development with an estimated revenue of EGP 35 billion.
