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Ajna, Manara partner on phase four of Carnelia in Galala

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Ajna Developments has signed a partnership agreement with Manara Developments to develop Phase Four of the Carnelia project in Galala City, Ain Sokhna.

Under the agreement, Manara will oversee the development and marketing of the fourth phase, while Ajna continues managing and operating the overall project.

Osama Shalaby, Chairperson of Ajna Developments, said the company had received several partnership proposals for upcoming phases of Carnelia and chose Manara following previous cooperation between the two sides. He added that the partnership is expected to accelerate construction progress, noting that total investments in Carnelia have reached around EGP 30bn.

Ahmed Omar, Chairperson of Manara Developments, said the phase spans more than 150,000 sqm—around 35 feddans—with a targeted completion timeline of four years. He noted that targeted sales for Phase Four are estimated at EGP 5bn, while approximately EGP 500m in construction investments are planned for the current year.

Omar added that the master plan has been updated to include a broader range of unit sizes between 55 sqm and 150 sqm, including studios and chalets, to meet varying market demand. The phase will feature 389 units overlooking the sea, landscaped areas, and water features. The first launch is scheduled for mid-May, offering 100 units with prices starting from EGP 4m and payment plans extending up to eight years.

Carnelia extends over 100 feddans in Ain Sokhna and includes around 1,800 fully finished units ranging from 55 sqm to 265 sqm. The project also features swimming pools, lagoons, clubhouses, and green spaces.

Ajna stated that construction work is progressing across the project, with around 90% of Phase One buildings completed. Deliveries for the first and second phases are expected to begin in the fourth quarter of this year.

Founded in 2019, Ajna Developments operates across residential, commercial, and mixed-use projects in Ain Sokhna and New Cairo. Manara Developments, also established in 2019, is currently developing several projects in Galala City, including Bella Vento, Bella Romantic, and Bella East.

The post Ajna, Manara partner on phase four of Carnelia in Galala first appeared on Dailynewsegypt.