Damac, the largest private developer in the Middle East has decided to give buyers of villas in its Hyde Park development in new Cairo to add an attic and a basement to their properties, increasing the floor space by up to 40% (230sqm to 330sqm).
Damac CEO Alaa Ayoub said:
“DAMAC Properties is the master developer for Hyde Park in New Cairo, and we are continually thinking outside the square. Everything at Hyde Park is on a grand scale, from the surrounding parkland to the Park Avenue retail complex, so we thought it appropriate that customers have an opportunity to optimise the size of their living space as well.
“These villas will be custom made to suit the requirements and tastes of our customers. DAMAC Properties is focused on providing luxury lifestyle concepts, and there’s a real sense of relaxation and freedom that comes from spacious interiors” Ayoub added.
The New Cairo development will be the pinnacle of modern environmentally friendly property construction. The development, which sits 350 meters above sea, will have a fully fledged infrastructure, including excellent road links to all other districts.
It is thought that the development will become a centre for prime residential development, designer shopping, entertainment and recreation complexes and retail and business parks.
Damac is the master developer on the project including the Park Avenue Shopping district, luxury villas at Hyde Park and a touch of Paris at the French architecturally inspired Centre Ville apartments. The firm undoubtedly hopes that the option to customise floor plans and increase floor space will generate more exposure and publicity for the development, to highlight the other strengths of the offer, including 5% deposits and interest free credit.
The wider New Cairo project is the brainchild of Dubai state-owned developer Ear properties, via its wholly owned subsidiary Emaar Misr for Development.
New Cairo is a fully integrated community located in the fifth district of New Cairo City. The project features over 1,200 fully detached homes, 1,200 townhouses and 3,500 apartments, as well as 2 million square feet of commercial offices in a modern Business Park setting, an advanced 1 million square feet healthcare centre, two hotels, shopping centres and a world-class school.