Due to the phenomenal success of the 1st release of units on the Makadi development- 98% sold within 2 months of release- the developers have now released further units to meet the demand.

The rate of sales on Makadi has been staggering considering the recession in the UK, however investors have been tempted by the low prices, high quality & superior layout & location of the project. The option to spread payments over a 5 year year period has also been a factor in boosting sales.

The release of properties on Quadrant 2 has given buyers  more choice of properties, with type    7 – a 2 bedroomed apartment & type 8 – a 3 bedroomed semi-detached villa now available on this phase. The new release has also shown an increase in size to some of the properties with the Type 2 increasing from 35 to 38sqm & Type 3 & 4 increasing from 53 to 57sqm.

The properties on Quadrant 2 are due for completion November 2011 & work has already started on this phase, however investors need to hurry – this release is already 25% sold!

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Makadi seems to have brought a new confidence to the Egyptian property market & is bringing back investors to the stunning Red Sea Coastline.