I saw an ad yesterday in Al Sharq Al Awsat’s first page about a luxurious residential project on the Nile , yes on the Nile. This project is called Nile Residence ; it is simply a compound of villas directly on the Nile. What made me interested in knowing more about that project the fact that it is 30 minutes from Cairo Sheraton which means it is Cairo and it turned to be true ; it is in Badarshin and now I have a question : Was not this piece of land an agricultural land in the first place ?
The ad was about its second phase , yes the first phase was finished and its unites were sold !!
The project is owned by a company called Al-Moaz group that seems to target the rich Gulf clients , otherwise why are they advertising in Al Sharq Al Awsat and do not advertise in Al Ahram !!??
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