Wadi Degla Developments launches Waterside in Murano’s third phase

Wadi Degla Developments has launched Waterside in the third phase of Murano. With investments of around EGP 8bn, Murano beach stretches across 750 metres on the Red Sea shore.

“Murano’s first phase comprises 600 units fully-finished and delivered, and construction works are underway in the second phase, as well as the third phase project we’re launching today. Waterside is introducing new units with areas between 115 and 260 sqm ranging from chalets, duplexes and villas,” stated Raymond Ahdy, Deputy CEO of Wadi Degla Developments.

Wadi Degla Developments is considered one of the pioneers in Ain Sokhna since the launch of their first project, Marina Wadi Degla in 2005.  Since then, Wadi Degla’s portfolio in Sokhna has reached 6 projects, making them one of the largest developers in the region. “With the number of new plots available for development limited to mountain areas, the project represents a rare remaining opportunity with its over 700-metre private beach. Waterside is built with a new innovative concept,” said Ahdy.

Since its launch, Murano has come with more distinct features. In addition to Ain Sokhna’ hot spring running through the project, Murano sits on a prime location on Zaafarana road at the entrance of Sokhna, half an hour from the newly built capital and about an hour away from Cairo. The recent logistic and geographic developments to Ain Sokhna raising its investment returns gives the resort a “huge competitive advantage,” and that with the future development of a commercial space, foreseen, will prove extremely successful as it caters to the requirements of the area.

Spanning 470,000 sqm, Murano has about 2,320 units with areas between 90 and 260 sqm, ranging from villas to attached villas, duplexes and chalets as well as various facilities including a hotel, private beach, marina, commercial area with a range of restaurants and cafes, swimming pools and vast landscapes surrounding the project.