Brevan Development has officially announced that it has received a ministerial approval for its Lake House project located in Obour City, marking a major milestone in the company’s real estate development journey in Egypt.
The announcement coincides with the launch of the second phase of Lake House, which carries a targeted sales volume exceeding EGP 1 billion, reflecting strong market confidence in the project and increasing demand for premium residential developments in Obour City.
Ministerial Approval Strengthens Project Execution and Investor Confidence
Eng. Saeed Sakr, CEO of Brevan Development, stated that obtaining the ministerial approval represents a significant milestone in the development of the Lake House project.
He explained that the approval confirms the company’s full compliance with all regulatory requirements and development standards, ensuring a secure and structured execution process that protects clients’ rights while maximizing the project’s investment value.
Sakr added that this milestone continues a series of successful implementation stages achieved since the project’s launch, emphasizing that Brevan Development has maintained a clear and disciplined execution timeline from day one. This commitment has strengthened customer confidence and contributed to strong sales performance during Phase 1.
Strategic Location and Premium Residential Concept in Obour City
Eng. Saber Zahran, Board Member and Founding Partner at Brevan Development, highlighted that Lake House project is one of the most prominent new residential developments in Obour City, thanks to its strategic location directly on Axis Line 10, opposite District 8 villas, and adjacent to the New Obour City Authority.
He noted that the project is built on an area of 9.5 acres, and has been designed to deliver a modern residential concept based on low-density living, offering wide green landscapes, open spaces, and fully integrated services that ensure maximum comfort and privacy for residents.
Phase 2 Launch Driven by Strong Market Demand
The overwhelming success of Phase 1 and strong customer demand encouraged the company to accelerate the launch of Phase 2 of Lake House project.
The new phase includes a diversified collection of residential units with different layouts and views, alongside flexible payment plans tailored to current market needs in the Egyptian real estate sector.
New Phase Launch Following Ministerial Decree
Eng. Ibrahim Abdel-Azim, Board Member and Founding Partner, explained that launching the second phase at this timing—following the receipt of the ministerial decree—enhances investor confidence and strengthens the project’s market positioning.
He added that the new phase includes apartments, ground-floor units with gardens, and duplexes, with unit sizes ranging from 136 sqm to 350 sqm. Payment plans start with a 15% down payment, with installment periods extending up to 6 years.
Comprehensive Facilities Supporting a Premium Lifestyle
Lake House project features a fully integrated range of amenities, including a clubhouse, swimming pools, artificial lakes, landscaped green areas, children’s zones, walking tracks, 24/7 security systems, surveillance cameras, electronic gates, and parking facilities.
These features reinforce Lake House’s position as one of the most promising residential projects in Obour City, aligned with growing demand for high-quality residential communities in Egypt.
A New Milestone for Brevan Development in Egypt’s Real Estate Market
The simultaneous receipt of the ministerial approval and the launch of Phase 2 represents a new strategic starting point for Lake House project.
It reflects Brevan Development’s vision of delivering real estate developments that combine prime locations, high construction quality, and efficient execution, ultimately creating strong added value for both clients and investors in the Egyptian property market.
