Egypt’s SODIC books $62.2m in sales following launch of VYE in Cairo
Developer says VYE concept is targeted at new generation of homebuyers looking for modern, sustainable living
SODIC, the Egyptian developer, has announced the successful launch and selling out of VYE, the first neighbourhood in the company’s newest 500-acre development in the West Cairo suburb of New Zayed.
In a statement, the developer said that it had booked $62.2 million worth of sales within two days of the launch of VYE, which brings to market the first-of-its-kind expandable apartment within a multi-family building branded as Neo. It also has introduced Sol – the first solar-powered town and twin homes in Egypt, which has also proved to be popular with buyers.
VYE is targeted at the new generation of homebuyers, who are seeking modern-day, eco-friendly living spaces, the developer added. The neighbourhood’s outdoor spaces are designed to cater for sports and community activities and are WI-FI connected to serve as co-working spaces for a growing entrepreneurial generation, all whilst being linked to the main Nova Park, delivering busy and vibrant living throughout, it stated.
VYE is the first of three neighbourhoods within the 500-acre development that offer different living solutions with free flow access to the features and amenities within them.
On the solid sales, Nabil Amaasha, SODIC’s Chief Commercial & Operations Officer, said: “We are very happy about the successful launch. VYE is the beginning of an exciting journey for SODIC where we think about the changing needs of this new generation of home buyers.”
“Set to become a natural extension to the upscale neighbourhood of Sheikh Zayed, New Zayed enjoys easy and faster access to Cairo’s eastern neighbourhoods and Egypt’s north coast using the newly developed surrounding road network,” he added.
The entire development is connected through walkable green axes and themed around community hubs, encouraging carefree active outdoor living. Together these three neighbourhoods will create a one of a kind mixed-use development that will serve as New Zayed’s city centre, it added.
