SODIC launches the first phase of its Vye project in New Zayed
Real estate watchers, take note: Sodic sells 1 bn-worth of units in Vye in two days: Sodic’s 500 acre Vye project in New Zayed City recorded EGP 1 bn in sales two days after the first phase of the project was launched, the company said in a press release (pdf). Sodic is expecting to sell a total of EGP 43 bn-worth of units in the project, which includes solar energy-operated townhouses and expandable apartments that allow customers to add extensions to their apartments through pre-designed floor plans for expansion. “We are very happy about the successful launch. Vye is the beginning of an exciting journey for Sodic where we think about the changing needs of this new generation of home buyers.” Nabil Amaasha, Sodic’s Chief Commercial and Operations Officer said. Vye is the second of four new projects in Zayed this year after the company launched The Estates in September.