The History of Orascom:
Since 1976, this developer was always one of the largest Arab companies and Orascom Development is still on track by developing several projects such as residential units, hotels and entertainment facilities, such as golf courses and yacht marinas.
In addition to, developing the infrastructure of well-known hospitals, schools and public facilities projects inside and outside Egypt, here’s some of the successful projects that were executed by Orascom Group:
- 4 Resorts in Egypt: El Gouna, Taba Heights, Makadi Heights, Fayoum.
- The Cove project in the United Arab Emirates.
- Jabal Al-Sifa project and Hawana Salalah in the State of Oman.
- Luštica Bay project in Montenegro.
- Andermatt project in Switzerland.
Orascom owns over 24 hotels and 4 resorts that are built with an extremely delicate and sophisticated designs, while also having group of land covering an area of almost 50.25 million m².
And now let’s talk more about the latest projects that are developed by Orascom Development.
Makadi Heights Hurghada
Everything that the customers can ask for is this magnificent resort that makes the vacation more vibrant as Orascom was keen to develop a fully-service project in the Red Sea that promotes a better lifestyle and an amazing experience after choosing the best location for the resort where is located in Makadi Bay which is considered one of the most beautiful places in the Red Sea.
Makadi Heights Resort is provided with variety of units and spaces as there are many types of units, for instance: apartments, chalets and lagoons while each unit has its own unique view.
And when it comes to spaces Orascom was certain to provide diversity of spaces as the space of the apartment starts from 112 m² while the villa of Makadi Heights starts from 133 m².
Always by providing the best prices to the customers that the other projects can’t compete with those prices as the price of apartments starts from 1,400,000 Egyptian Pounds and for the villas in the Makadi Height Resort can start from 4,200,000 Egyptian Pounds.
Orascom Development was keen to make the most affordable payment plans for their trusted customers and each stage in the Makadi Heights has its own payment system, as follows:
- For the Crest Phase, the down payment can start from 10% then another 7% in the delivery while the rest of the payment can be over 5 years in equal installments.
- While the down-payment in the Bayou phase starts from 10% while the installments of units can be up to 7 years.
- Orascom Group provided for the Topio phase the down-payment is 10% and the installments can be paid equally in 6.5 years.
- And the down-payment of the Villas begins from 10% and the rest of the payment can reach up to 5 years of equal installments.
Orascom development will always be one of the greatest real estate companies that is trusted by all the customers.