Palmir Real Estate Development Company has solidified its position as one of the leading companies in the real estate development sector in Sheikh Zayed City, successfully delivering two integrated housing projects within a year. These achievements are part of a clear strategy focused on rapid execution and adherence to delivery schedules, which enhances client trust and reflects a real estate development concept based on actual accomplishments.
In this context, the company announced the completion of construction works on its residential project Zayard Villa, with approximately 30% of its units delivered. This project is considered one of the first fully integrated housing projects delivered in the New Zayed area, showcasing the company's seriousness and ability to fulfill its contractual commitments.
Project Details
The Zayard Villa project spans a total area of 33,600 square meters, equivalent to about 8 acres, and includes 48 residential units ranging from standalone villas to townhouses. The project aims to provide a low-density residential community that ensures the highest levels of privacy and comfort for residents.
The project features modern architectural design that combines beauty and functionality, with extensive green spaces and integrated landscaping elements including water features and open areas for recreation and social gatherings, in addition to a commercial area that meets the needs of residents.
Background & Context
The New Sheikh Zayed area enjoys a strategically advantageous location, just minutes away from the Cairo-Alexandria Desert Road, Mall of Arabia, and Sphinx International Airport. These features enhance the investment value of the project and make it a promising residential destination.
At the same time, the company continues to advance the Zayard Elite project, with concrete structure completion exceeding 75%. The project aims to be completed and delivered by December 2026, covering an area of 15 acres with a total built-up area of approximately 63,000 square meters.
Impact & Consequences
The total investments for the Zayard Elite project amount to approximately 500 million Egyptian pounds, including construction and infrastructure works. These projects are part of the company's vision to deliver real estate projects with added value and exceptional execution standards, reflecting its commitment to meet the growing demand for high-quality residential units.
The company has also contracted with Sky Contracting, one of the leading companies in the contracting sector, to ensure that construction works on the project are carried out according to the highest quality standards and adherence to specified timelines.
Regional Significance
Palmir Real Estate Development Company aims to offer advanced hotel projects in the future, aligning with the state's initiatives to increase hotel capacity and achieve the target of welcoming 30 million tourists annually by 2030. These plans reflect the company's vision to enhance tourism and investment in the region.
Engineer Mohamed Al-Haj, Chairman of the company, confirmed that Palmir adopts a different vision in real estate development, focusing on building integrated urban communities that achieve real quality of life for clients. This vision enhances the company's position in the market and opens new horizons for growth and expansion.