Mabany Edris’ koun project in Ras El Hekma: Progress and Market Trends
Mabany Edris Developments anticipates commencing the initial handovers of its prominent koun project in Ras El Hekma, Egypt, in 2026, as stated by Mohamed Edris, Chairperson of the company. This announcement coincides with the unveiling of the project’s first fully furnished show unit, demonstrating significant construction progress.
The Koun project is strategically located at kilometer 201 on the Alexandria-Matrouh Road, along Egypt’s North-Western Coast, and encompasses a total area of 110 feddans. The first phase of development covers 20 feddans, and the project benefits from an elevated position of up to 34 meters above sea level, incorporating a central 10-feddan lagoon.https://www.mabanyedris.com/koun/
Upon completion, Koun will provide over 1,500 residential units, offering a diverse range of options including one- to three-bedroom chalets, twin houses, townhouses, penthouses, and standalone villas. This variety aims to cater to a broad spectrum of potential homeowners.
Mohamed Edris highlighted the increasing attractiveness of Egypt’s North Coast real estate market to both Arab investors and Egyptians residing abroad. This trend is particularly notable following the significant investment agreement between Egypt and the United Arab Emirates concerning the Ras El Hekma region. He further indicated expectations for a doubling in the number of residential units launched in the area this year compared to 2024, signaling robust growth and investor confidence.https://www.zawya.com/en/projects/egypt/ras-el-hekma-city-koun-mabany-edris-developments-n1w6z99w
Primary topic: Real Estate Development in Egypt
Primary Keyword: Koun Project
Secondary Keywords: Ras El Hekma, Mabany Edris, Egyptian Real Estate, North Coast Egypt, Property Investment Egypt, Mohamed Edris.