Monday 16 backend.Sep

Real estate

Sales at Hyde Park soar by 280% in the first half of 2024


Sales at Hyde Park soar by 280% in the first half of 2024

Hyde Park Development Company reported a 280% surge in sales during the first half of this year, reaching 24.3 billion Egyptian pounds compared to 6.4 billion pounds during the same period last year.

The company's 'Sea Shore' project on the North Coast achieved remarkable sales of 14.2 billion Egyptian pounds during the first six months of 2024. This success propelled Hyde Park Development Company into the top 10 real estate development companies operating on Egypt's North Coast, according to The Board Consulting report.

The 'Sea Shore' project, a 240-acre development on the North Coast, was a key factor in Hyde Park's exceptional sales performance in the first half of 2024. All phases of the project were sold out within hours of launch, including the recently launched 'Shoreville' phase, which generated sales of 3 billion Egyptian pounds.