Siva Developments, in partnership with Mada Development, has officially launched its latest project, “AVIDA”, in Sidi Abdel Rahman on Egypt’s North Coast.
The project represents a new generation of hospitality-driven real estate developments, combining premium serviced units with professionally managed hospitality operations, in one of Egypt’s fastest-growing coastal destinations.
AVIDA responds to the rising demand for high-end coastal developments that offer both lifestyle value and long-term investment returns within Egypt’s booming North Coast real estate market.
A Hospitality-Led Real Estate Investment Model
Dr. Ahmed Elhaddad, Chairman of Siva Developments, stated that AVIDA reflects a shared vision between the partners to create innovative real estate and tourism destinations that deliver sustainable long-term value for both homeowners and investors.
He added that the project comes in response to the increasing demand for distinctive developments in the North Coast Egypt property market, as the region continues to evolve into a leading destination for tourism, hospitality, and lifestyle investment.
Elhaddad noted that today’s investors are no longer seeking ownership alone, but rather assets that combine lifestyle appeal with sustainable financial returns. AVIDA was designed to meet this demand through a hospitality-led model supported by professional property management and operational systems that enhance asset value and performance.
Prime Location and Direct Beachfront Views
AVIDA is strategically located in one of the most prestigious areas of Sidi Abdel Rahman, featuring a rare 800-meter beachfront stretch overlooking the Mediterranean Sea.
The development consists of an 8-story building comprising 180 serviced hotel-style units, each designed with panoramic sea views. Unit sizes start from 45 square meters, with a planned delivery timeline of approximately 30 months.
This prime location further strengthens AVIDA’s position within Egypt’s growing luxury beachfront real estate sector.
North Coast: A Year-Round Investment Destination
Shaker El Naggar, Chairman of Mada Development, said that selecting Sidi Abdel Rahman for the launch of the alliance’s first project was based on extensive market research and strong investment fundamentals.
He emphasized that the North Coast of Egypt has evolved from a seasonal destination into a year-round hub for tourism, leisure, and real estate investment.
El Naggar added that Sidi Abdel Rahman stands out as one of the most promising areas for long-term capital appreciation, supported by rising demand and increasing occupancy levels.
Strategic Partnerships Driving Real Estate Excellence
Ahmed Shaker, Board Member of Mada Development, highlighted that strategic partnerships have become essential in today’s rapidly evolving real estate sector.
He explained that the collaboration between Mada and Siva is built on complementary expertise, ensuring the delivery of a high-quality development with strong execution and operational efficiency.
Shaker added that large-scale developments require collaboration rather than isolated efforts, and AVIDA reflects a successful integration of location, expertise, and investment vision.
International Hospitality Management for Enhanced Returns
The project will be managed and operated by a specialized hospitality and tourism operator based in Kuwait, ensuring adherence to international hospitality standards.
This operational model aims to maximize returns for both investors and owners while delivering a fully integrated hospitality experience within the North Coast serviced real estate segment.
Sustainable Architectural Design with Sea Views
Eng. Bishoy Nagy, the project’s architectural consultant, stated that AVIDA’s design was carefully developed to maximize the value of its unique waterfront location and direct sea views.
He explained that the development integrates modern energy efficiency systems and sustainable engineering solutions aligned with global trends in real estate and hospitality development.
The design ensures that the majority of units benefit from unobstructed sea views while maintaining high operational efficiency and sustainability standards.
Flexible Payment Plans for Investors
Samah Malek, Sales Director at Siva Developments, said that AVIDA targets a wide segment of investors seeking strong opportunities in hospitality real estate investment in Egypt.
She added that the project offers flexible payment plans starting with a 10% down payment and installment plans of up to 8 years, making it an attractive opportunity to own a serviced unit in one of the most promising investment zones on the North Coast.
Malek emphasized that the project combines location, hospitality management, and diversified unit types, strengthening its investment appeal.
