Jumeirah Real Estate launches its $1.6bn- project in Egypt’s Ras Elhekma

Egypt-based Jumeirah Real Estate Investment and Sakan Developments officially launched Jumeirah Bay – Ras Elhekma on a area of 6 million square meter with total cost of 15 billion Egyptian pounds (US$1.6 billion).

Sami Abdul Rahim, Jumeirah Real Estate company CEO said that the project is considered to the company’s partnership with Sakan Developments  to establish tourist project in Ras Elhekma- North Coast.

The implementation of the project would start during the last quarter of the current year, it would include 7 different neighborhoods with 3500 units , one  hotel and a club to be completed over three phases.  The company would deliver the first phase with 980 units by December 2019.

Jumeirah Bay is designed to offer impressive panoramic sea views that can be enjoyed from every corner of the resort; the sea can be viewed in its entirety from the beginning of the resort two kilometers inland all the way to its end.

Ras Elhekma offers one of the largest bays on Egypt Mediterranean Sea, sprawling over 50 kilometers of land into the sea.