Voya Development has launched its flagship project, COY, as its second venture in Sheikh Zayed City, with total investments amounting to EGP 2 billion. The announcement took place during a grand celebration hosted by artist Wael Jassar, to reveal the project’s details and competitive advantages. The event was attended by a group of businessmen, leaders in the real estate sector, successful partners, and community figures, along with several prominent journalists and media professionals.
Eng. Essam El Naggar, Chairman of Voya Development, stated that the company’s success with its first project in West Cairo strengthens the plan to launch “COY.” This new project embodies the company’s vision to provide advanced residential developments that align with market aspirations and meet clients’ diverse needs. He emphasized that the project is an integrated residential community situated in a smart and strategically distinguished location in Sheikh Zayed City.
He stated, “We believe that excellence begins with unconventional ideas. This philosophy guided our innovative project, COY. We designed it to meet the aspirations of our current and future clients by focusing on smart location, unique design, and integrated services. COY features an ultra-modern style and aims to set a benchmark for developing smart communities in the Egyptian real estate market, particularly in the rapidly growing West Cairo district.”
He explained, “We are convinced that true excellence begins with an innovative concept, which is precisely what we envisioned for our groundbreaking project COY. We crafted it to fulfill the desires of our present and future clients by focusing on smart location selection, unique design, and comprehensive services within the development. Designed in a cutting-edge style, our goal is for COY to serve as a benchmark for creating smart communities in the Egyptian real estate sector, particularly in light of the increasing demand and exciting opportunities emerging in the West Cairo area.”
He mentioned that the construction portion of the project constitutes merely 20% of the total area, while the rest comprises green spaces and water features. Additionally, the project is scheduled for completion within four years. He also noted that a contract has been established with Vodafone to deliver smart technology services for managing the compound, offering intelligent solutions and smart units, thereby positioning the project as a benchmark for a fully integrated and intelligent residential community.
He indicated that Hafez Consultants Office has been engaged to design the project, alongside Sabbour Consulting, which has been appointed as the executive consultant. This partnership showcases collaboration with well-known firms and reputable organizations to ensure the project is executed with the utmost quality, accuracy, and excellence.
He clarified that the organization provides a range of payment options for its customers, beginning with a down payment of 5%, while the remaining balance can be settled over repayment terms extending up to 10 years. The project is set to be completed within four years, as the company has effectively created a comprehensive payment model that aligns with the client’s financial capabilities, all while ensuring steady cash flow to support the ongoing progress of the project’s execution.
Shehata El Sayed, the CEO of VOYA Development, confirmed that the company boasts a strong background and a proven track record of 15 years in real estate development and construction in West Cairo. Its inaugural project, the “ZAT” Community, achieved significant success, which bolstered the company’s growth strategy and led to the initiation of its second project.
He clarified that the ZAT Community initiative is a comprehensive residential development situated on a 10-acre site, set to be executed over a three-year period. The initial phase of the project has already sold out, and preparations are currently in progress for the rollout of the second phase. Additionally, construction has commenced, demonstrating a well-defined strategy that the company is pursuing by introducing new investment opportunities while simultaneously fulfilling its obligations to complete existing projects.
He indicated that his firm aims to broaden its initiatives in West Cairo, with plans to develop a residential and tourism project along the North Coast. Additionally, the company is actively pursuing investment opportunities in this area to significantly diversify its project portfolio and better serve the needs of its clientele.
He mentioned that the initiation of the COY project elevates the company’s sales goal for this year to EGP 4 billion in projected sales for both the COY and ZAT Community projects. These unique, robust, and highly qualified projects are capable of reaching their intended clients, particularly due to the strong reputation of the company behind them.
He emphasized that the Egyptian real estate sector consistently demonstrates its resilience as one of the most appealing areas for investment. This is attributed to increasing genuine demand, a rising population, and government-driven urban development through significant national initiatives. He noted that real estate continues to be a secure investment option, which boosts developers’ confidence in broadening their efforts and initiating new projects that cater to the varied requirements of the market.
