31 March 2022

DM Development records EGP 1bn selling the 1st phase of The Groove Sokhna

DM Development records EGP 1bn selling the 1st phase of The Groove Sokhna

DM Development announced the results of its third quarter of 2020, selling all units of Brellia village at The Groove Sokhna Resort: EGP 700 million across 400 units, along with EGP 300 million from all 102 units of Sereia’s first phase.

The company collaborated with Global Waste Water Solution (GWWS) to deliver the networks, utilities and integrated infrastructure at The Groove Sokhna. Pool construction was finished on the first terrace, with the second terrace in progress alongside road paving and tree planting.

The first phase of the beach is complete, including a clubhouse with two pools and several restaurants and cafés.

The Groove Sokhna is located on the Zafarana road, 35 minutes from the New Capital and 45 minutes from Cairo’s new gates. It houses 1,700 residential, administrative and retail units. Only 15% of the project is built-up; the beach covers 13% (11 feddan), lakes and pools 16% (13 feddan), and green and service areas 56%.

DM Development was established in 2014 and owns a land bank of 2 million m² with projects in New Cairo, the North Coast, Ain Sokhna and new cities.

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