$2 billion Eighteen project to set new standards in Pak luxury real estate market


Staff Report

Dubai – A new world-class lifestyle destination development has been unveiled, Eighteen, distinguished as a place to reflect and a place to relate. The US$2 billion real estate project is a partnership between Ora Developers and Saif Group, in conjunction with Kohistan Builders & Developers.
Ora Developers, is an Egyptian partner in the development together with the two Pakistani counterparts, has a wealth of experience covering real estate projects in the UK, Egypt, Cyprus and Grenada, including the Nile Towers, Pier 88 and Pyramid Hills in Egypt, SilverSands in Grenada and Ayia Napa Marina.
Saif Group is a Pakistani conglomerate company largely involved in power, healthcare, textiles, real estate and telecommunications. Saif Group has been in business for last 90 years and it is amongst the oldest businesses in the country. Kohistan Builders & Developers (KBD), the third partner, has a long-standing reputation for real estate development in Pakistan.
Eighteen is a 2.77 million Square Yards gated community being developed in the 18th District, just 20 minutes away, to the south-west of downtown Islamabad. It offers the highest quality of design and construction, which will set new standards for Pakistani real estate.
Naguib Sawiris, Chairman of Ora Developers, commented: “Eighteen will revolutionise real estate projects in Pakistan. Ora, together with its highly respected partners, will be creating a new lifestyle destination in a world-class capital City. I am very pleased to be involved with the project and very excited by what we will achieve.”
Eighteen has been designed around a championship golf course and will consist of 2,000 residential units of 3 to 7 bedrooms villas and apartments. It will have an iconic Golf Clubhouse, a shopping Mall, 5-Star boutique hotel, medical facilities, educational unit and a business district.
The master plan was conceptualised by Calisson RTKL and developed by renowned architects and urban planners WATG. The unique and challenging golf course has been designed by IDG in the UK. The project is being led by CEO, Tarek Hamdy, who explained why the scheme is so unique: “All the villas and apartments have been carefully located with views over the golf course and are linked by wide parkways and open streets. The feeling is of space and privacy which will give a select group of people the homes they have always dreamt of. The amenities are second to none, delivered in a safe, secure and exclusive location.” He added, “Eighteen also offers the rare opportunity for the customer to own the title deed of the property, making it an even more attractive investment.”
Eighteen, is ten minutes away from the new Islamabad International Airport and is the ideal development for local and overseas Pakistanis who enjoy luxury living and state of the art amenities. Eighteen will be the benchmark for all future real estate projects in Pakistan. -abdulbasit@theuaenews.com