Brevan Developments has announced the issuance of the ministerial decree for the Lake House project in Obour City, coinciding with the launch of its second phase with a target sales value exceeding EGP 1 billion.
Project Highlights:
- Strategic Location: Located on the 10th Line Axis, directly facing the 8th District villas and adjacent to the New Obour City Authority.
- Project Scale & Concept: Spanning 9.5 acres, the project is designed to offer an advanced, low-density residential lifestyle.
- Unit Diversity: The second phase offers a variety of apartments, ground floor units with gardens, and duplexes, with areas ranging from 136 sqm to 350 sqm.
- Payment Plans: Reservations start with a 15% down payment and installment plans of up to 6 years.
- Integrated Amenities: The project features a Club House, swimming pools, artificial lakes, green spaces, kids’ recreational areas, walking tracks, 24/7 security, CCTV, electronic gates, and parking facilities.
Brevan Developments has announced that it has obtained the ministerial decree for the “Lake House” project in Obour City, coinciding with the launch of the second phase for sale, with targeted sales exceeding one billion Egyptian pounds.
From his side, Engineer Saeed Sakr, CEO of Brevan Developments, stated that obtaining the ministerial decree represents an important milestone in the development phases of the Lake House project. It reflects the company’s success in meeting all necessary conditions and requirements to complete the project’s execution according to an integrated vision that ensures the protection of clients’ rights and maximizes the project’s investment value.
He added that the ministerial decree comes as a continuation of a series of executive steps the project has achieved since its launch. He emphasized that from day one, Brevan has been committed to a clear schedule for execution and development, which has strengthened client trust and contributed to achieving strong sales results during the first phase.
Engineer Saber Zahran, Board Member and Co-founder, affirmed that the Lake House project is one of the most prominent new residential projects in Obour City, due to its unique strategic location directly on the Line 10 Axis, in front of the 8th District villas, and next to the New Obour City Authority, an area witnessing rapid urban and investment growth.
He pointed out that the project is being built on an area of 9.5 acres and was designed to offer an advanced concept of quiet, low-density residential living, while providing vast green spaces, open areas, and integrated services that achieve the highest levels of comfort and privacy for residents.
He explained that the great success achieved by the first phase and the notable demand from clients prompted the company to accelerate the launch of the second phase, which includes a distinguished group of residential units with diverse locations and views within the project, while offering flexible payment systems that suit current market needs.
Engineer Ibrahim Abdel Azim, Board Member and Co-founder, explained that the launch of the second phase comes at an important time following the receipt of the ministerial decree. This gives clients more confidence in the project and enhances its investment attractiveness, especially in light of the continued high demand for distinguished residential projects in Obour City.
He added that the new phase includes diverse units, including apartments, ground floor units with gardens, and duplexes, with areas starting from 136 square meters up to 350 square meters, with reservation and payment systems starting with a 15% down payment and installment periods of up to 6 years.
He confirmed that the project includes an integrated package of services, including a Club House, swimming pools, artificial lakes, green spaces, children’s recreational areas, walking paths, 24/7 security and guarding, surveillance cameras, electronic gates, and garages, cementing its position as one of the promising residential projects in Obour City.