Times Developments is making significant strides with its Avelin and T.Hub projects in New Cairo. These ambitious developments, located near Rehab City, are set to transform the area with their blend of residential, commercial, and recreational spaces. The Avelin project, spanning 26 acres, and the T.Hub commercial hub are both progressing on schedule, with completion expected by 2027. This article delves into the details of these projects, their current status, and the impact they are expected to have on New Cairo.
Avelin: A Vision of Luxury Living
The Avelin project is designed to offer a luxurious lifestyle with a distinctive urban character. Covering 26 acres, Avelin features a low-density masterplan that emphasizes open views and exceptional landscape features. The project includes multiple residential apartments, complemented by inspiring greenery, waterfall features, and a commercial area. The design, led by Okoplan with engineering and construction supervision by ECG, ensures that every resident enjoys a serene and upscale living environment.
Construction at Avelin is progressing as planned, with the first phase set to be delivered by 2027. The project has already achieved strong sales performance, with approximately EGP 4.5 billion ($93 million) out of its targeted EGP 6 billion ($124 million) by year-end. This success reflects the high demand for luxury living spaces in New Cairo and the confidence investors have in Times Developments’ vision.
The Avelin project is not just about residential units; it also includes a vibrant commercial portion called T.Hub. This area will feature retail shops, office spaces, and recreational facilities, creating a dynamic and integrated community. The combination of residential and commercial elements makes Avelin a comprehensive development that caters to various lifestyle needs.
T.Hub: A Commercial Hub for Innovation
T.Hub is set to become a major commercial hub in New Cairo, spanning 10,600 square meters. Designed by Raef Fahmi Architects (RFA), T.Hub will include six three-story buildings, offering a mix of retail and office spaces. The first phase of T.Hub has already been sold for EGP 500 million ($10 million), indicating strong investor interest in this innovative commercial development.
The strategic location of T.Hub near Rehab City and its modern design make it an attractive destination for businesses and retailers. The project aims to create a vibrant commercial environment that fosters innovation and collaboration. By providing state-of-the-art facilities and a prime location, T.Hub is expected to attract a diverse range of businesses, from startups to established companies.
Times Developments’ cautious development strategy ensures that 20 percent of the construction work is completed before opening sales. This approach guarantees adherence to delivery timelines and builds investor confidence. The company’s commitment to quality and timely delivery is evident in the progress of both Avelin and T.Hub.
Future Prospects and Expansion Plans
Looking ahead, Times Developments has ambitious plans for further expansion. The company is in negotiations to acquire multiple land plots in the North Coast, ranging from 100 to 150 acres. This expansion will allow Times Developments to extend its presence beyond New Cairo and tap into new markets. Additionally, the company is exploring opportunities to expand its footprint in East Cairo, further solidifying its position as a leading real estate developer in Egypt.
The success of the Avelin and T.Hub projects is a testament to Times Developments’ vision and execution capabilities. By focusing on high-quality construction, innovative design, and strategic locations, the company is setting new standards in the real estate industry. The ongoing progress of these projects reflects the strong demand for luxury living and commercial spaces in New Cairo.
In conclusion, Times Developments’ Avelin and T.Hub projects are progressing as planned, with significant milestones achieved in construction and sales. These developments are set to transform New Cairo, offering a blend of luxury living and innovative commercial spaces. With ambitious expansion plans and a commitment to quality, Times Developments is poised for continued success in the Egyptian real estate market.
