Cairo, Egypt - Al Tameer Arabian Developments, one of the leading real estate companies in the region, has announced the launch of a new compound in the New Administrative Capital of Egypt, named Rivan. According to the company, Rivan offers a unique combination of luxury, sustainability, and community, designed to cater to the needs and aspirations of modern urban dwellers.
Spread over an area of 27 acres, Rivan features a variety of residential units, including apartments, duplexes, townhouses, and standalone villas, that range in size from 120 sqm to 450 sqm, and in price from 1.8 million EGP to 15 million EGP. The architectural style of Rivan emphasizes simplicity, functionality, and elegance, with a focus on natural elements such as wood, stone, and greenery, that blend harmoniously with the surroundings.
However, what sets Rivan apart from other compounds in the New Capital is its commitment to sustainability and green living. Al Tameer Arabian Developments has incorporated several innovative features and technologies that minimize the environmental footprint of the compound and enhance the quality of life of its residents. For example, Rivan has a solar farm that generates clean energy, a rainwater harvesting system that reduces water waste, and a recycling program that promotes waste reduction and circular economy. In addition, Rivan has a fitness center, a clubhouse, a kids' area, a commercial mall, and other amenities that foster a sense of community and leisure.
"We are proud to introduce Rivan, which represents a new chapter in the real estate market of Egypt and the Middle East," said Mohamed Salah, the CEO of Al Tameer Arabian Developments. "Rivan is not just another residential compound, but a holistic and sustainable lifestyle that reflects our vision of responsible and innovative urban development. We believe that Rivan will appeal to a wide range of clients who seek the best of both worlds: luxury and sustainability."
The launch of Rivan comes at a time when the demand for high-quality residential compounds in the New Capital is rising, following the recent inauguration of several governmental and administrative buildings, as well as the expected relocation of several ministries and institutions to the new city. As a result, Al Tameer Arabian Developments is optimistic about the prospects of Rivan, and the company expects to sell most of the units before the end of the year.
"As lawyers representing Al Tameer Arabian Developments, we are delighted to witness the launch of Rivan, which is a landmark achievement in the real estate sector of our country and the region," said John Smith, the legal counsel of the company. "We have worked closely with our clients to ensure that all legal and regulatory requirements are met, and that the interests of both our clients and their clients are protected. We believe that Rivan will set a precedent for sustainable and luxury living in Egypt, and we look forward to seeing its success in the market."