Project guide

Vela-Azha

Ras El Hekma · Madaar Development

Browse published owner resale homes in this compound.

Ras El Hekma1 recorded amenitiesMasterplan available

Owner homes Brochures & plans

Part of Azha North Coast

Browse published owner resale homes in this compound.

Developer: Madaar Development
Area: Ras El Hekma

Project amenities

Commercial strip

Project media and amenities describe the development; resale photos and asking amounts belong to owner listings.

How is a resale priced?

We compare the owner's asking amount with the amount paid to the developer as of a stated date, once evidence is reviewed.

Resale with over

The owner's asking amount exceeds the paid portion. The difference is the over.

Resale without over

The owner's asking amount equals the paid portion.

Discount on paid portion

The owner's asking amount is below the paid portion. The difference is the discount.

These labels do not describe the full acquisition cost: remaining developer payments and other fees may apply. Listings are not classified until paid amounts are evidenced.

3 ways a resale can be priced

Simple hypothetical numbers explain an over, no over, and a discount on the paid portion. These are not homes for sale or facts about any particular compound.

View numerical examples

Illustration of a hypothetical coastal home

Illustrative example — not a listing

SAMPLE-01

Coastal chalet

+ Over on paid portion

120 sq m3 rooms2 bathsFully finishedUnder constructionAssumed handover year: 2028

Owner's asking amountEGP 3,450,000

Paid to developer as of 23 September 2026: EGP 3,000,000
Over on paid portion: EGP 450,000
Remaining developer balance: EGP 5,000,000
Assumed additional buyer costs: EGP 150,000

Cash needed at transferEGP 3,600,000

Estimated acquisition totalEGP 8,600,000

Owner's asking amount + developer balance + additional costs

Illustrative installment: EGP 250,000 every 3 months