Cornerstone Development Company Launches Luxury Units with 80% Finishing at RED- Water Villas & Floating Gardens in Future City
Following the success of the first and second phases and the increasing demand from clients, Cornerstone Development is preparing to launch the third phase of its project at RED- Water Villas & Floating Gardens in Future City, New Cairo. The project features luxurious units at competitive prices.
Engineer Ashraf Boulos, Chairman of Cornerstone Development, stated that the new phase of the RED- Water Villas & Floating Gardens project includes luxurious penthouse units with various sizes and innovative designs. The units are available in two models: the first consists of single-floor flat units, and the second comprises two-floor duplex units.
He emphasized that the company has incorporated smart designs that adhere to the latest construction standards, providing clients with a luxurious living experience. The project has been designed with minimal construction ratios to enhance privacy for residents and maximize green and water features, promoting a healthy, sustainable, and happy lifestyle.
He explained that the company delivers 80% finished units, a model for which Cornerstone Development is well-known. This approach ensures rapid occupancy of residential units and maximizes investment returns.
The RED- Water Villas & Floating Gardens project spans 60 acres and includes 750 units of various sizes and types. Despite the large area, Cornerstone Development has built on only 17% of the land, leaving the remaining space for green areas, roads, services, and landscaping, with a permissible building ratio of approximately 22%.
Cornerstone Development’s philosophy focuses on delivering contemporary designs aligned with the latest global standards, enabling clients to meet all their needs and enjoy high levels of luxury and comfort in a healthy environment. The projects aim to balance environmental sustainability with high investment returns for beneficiaries.
The company is also preparing to start handover of its project The Curve in the New Administrative Capital by December 2025.
The Curve is among the first projects launched in R8 district of the New Administrative Capital. It is situated in a prime location adjacent to the Green River, near Mohammed bin Zayed Axis, the airport, the presidential palace, and government ministries. The project comprises four blocks with 15 buildings, covering a built-up area of 100,000 square meters. The units vary between residential apartments, duplexes, and upper-floor apartments with large open spaces.
