Founded in 2014 by real estate experts with over 35 years of experience, DM Developments (Dar Misr Development) شركة دار مصر للتنمية السياحية aims to become one of the largest real estate companies in Egypt. The company is led by the managing director and urban planning professor, Engineer Ahmed Abdel Hamid who has created the designs of Mostakbal City.
Additionally, the company is committed to delivering DM Developments projects with exceptional designs, timely delivery, high-quality construction, and excellent locations, all at competitive prices to ensure the satisfaction of clients, seeking to buy or invest in units for sale. DM Developments focuses on providing an unforgettable experience of luxury and comfort while emphasizing its social responsibility through eco-friendly construction materials.
The Groove Sokhna is one of the most recent and significant DM Developments projects. Situated on the Zaafarana Road, atop Mount Galala, the project is just 45 minutes from Cairo and in close proximity to the New Capital, making it perfect for short getaways. The location of Dar Misr Development project near the capital ensures increased future demand.
Boasting a design that rivals the world’s best resorts, The Groove Sokhna extends over 83 acres and offers a diversity of villas and chalets for sale. With each phase carefully planned and separated, you’ll feel like you’re in multiple resorts, ensuring constant excitement. The resort of DM Developments also features the longest beach in Sokhna of 930 m.
Dar Misr Development has ensured a variety of unit spaces in The Groove Sokhna, therefore, spaces of chalets start at 94 m2, while villas for sale start from 172 m2. The price per meter is also convenient, leading to competitive total prices, starting from 3,500,000 EGP.
Moreover, to allow a large number of clients to book chalets and villas in The Groove Sokhna, DM Developments requires a 10% down payment, and the period of installments is up to 9 years. The date of delivery of units in The Groove is after 4 years.
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Recognizing the grand scale of The Groove Sokhna, Dar Misr Development partnered with several companies to ensure the highest quality, adherence to global standards, and timely delivery. With a total investment of 4 bn EGP in The Groove Sokhna, the project has already achieved sales of nearly 1 bn EGP.
DM Developments’ distinguished project is being executed by three contracting companies: New Charm, its subsidiary ISF, and another Canadian firm. This collaboration guarantees the company’s commitment to delivering the first phase this year, the second phase in 2024, and the final stages of the project in 2026.
In addition, Dar Misr Development has partnered with the renowned Hilton Hotels chain to construct a world-class DoubleTree hotel within The Groove Sokhna Village. The company’s investment in this project reaches 400 MN EGP, and with implementing more upscale DM Developments projects, it aims to become a leading real estate company in Egypt.