Siva Developments, Mada Development launch AVIDA village in Sidi Abdel Rahman North Coast

Siva Developments and Mada Development have unveiled their latest project, AVIDA, in Sidi Abdel Rahman in Egypt’s North Coast.
Designed as a distinctive hospitality-driven development, AVIDA introduces a modern concept of serviced units that seamlessly combines attractive investment opportunities with professionally managed hospitality experiences, capitalizing on the rapid growth of one of Egypt’s most sought-after coastal destinations.
Commenting on the launch, Dr. Ahmed Elhaddad, Chairman of Siva Developments, said that AVIDA embodies the partners’ shared vision of creating innovative real estate and tourism destinations that deliver long-term value to both homeowners and investors.
He added that AVIDA has been designed to cater to increasing demand for distinctive, value-driven developments, particularly as the North Coast emerges as a premier destination for tourism, hospitality, and lifestyle experiences, attracting both local and international investors seeking long-term growth opportunities.
Elhaddad noted, “Our partnership with Mada Development is driven by a shared ambition to deliver a project that reflects the changing preferences of today’s real estate buyers. Investors are no longer seeking a property solely for ownership; they are looking for assets that combine lifestyle appeal with sustainable financial returns. AVIDA was conceived to meet this demand through a hospitality-led model supported by professional property management and operations, ensuring long-term asset preservation and enhanced investment performance.”
He further pointed out that the development is strategically located within one of Sidi Abdel Rahman’s most prestigious coastal destinations, featuring access to an approximately 800-meter beachfront.
AVIDA village comprises an eight-story building offering panoramic sea views totaling 180 units, with unit spaces starting from 45 sqm. Construction is progressing according to a timeline that targets delivery within 30 years.
For his part, Shaker El Naggar, Chairman of Mada Development, said that selecting Sidi Abdel Rahman as the location for the alliance’s inaugural project was a strategic decision based on comprehensive market analysis and the area’s strong investment fundamentals.
He explained that AVIDA marks the first step in the alliance’s long-term growth strategy, with the company actively exploring additional development opportunities across the North Coast, New Cairo, and the New Capital.
“The North Coast has undergone a remarkable transformation in recent years, evolving from a seasonal getaway into a vibrant year-round destination for tourism, leisure, and investment,” El Naggar said. “We believe Sidi Abdel Rahman stands out as one of the region’s most promising locations, supported by strong demand drivers, rising occupancy levels, and significant potential for long-term capital appreciation.”
Ahmed Shaker, Board Member of Mada Development, stated that strategic real estate partnerships have become essential in light of the rapid evolution of the sector.
Shaker said that the alliance between Mada and Siva is built on complementary expertise from both sides, ensuring the delivery of a development that adheres to the highest standards of quality, execution, and operation efficiency.
He added, “The success of large-scale developments depends on collaboration and the integration of roles among partners, rather than working in isolation. In the AVIDA project, we succeeded in bringing together a prime location, strong development expertise, and a clear investment vision, which gives the project strong fundamentals for long-term success.”
He further noted that Mada Development continues to expand its investment footprint, with a diversified land bank and a pipeline of opportunities across several promising locations. The company is currently exploring new developments in partnership with leading entities that share its long-term strategic vision.
He added that the project will be managed and operated by a specialized hospitality and tourism operator based in Kuwait, ensuring the application of the highest international hospitality standards and delivering a fully integrated operational experience aimed at maximizing returns for both owners and investors.
Meanwhile, Eng. Bishoy Nagy, the project’s architectural consultant, disclosed that the design was carefully crafted to fully capitalize on the project’s unique waterfront location and direct sea views.
He said that the development integrates advanced energy-saving systems and operation efficiency measures in line with the latest global trends in real estate and hospitality development.
Nagy added, “The design prioritizes ensuring that the majority of units benefit from unobstructed sea views, while also achieving high standards of efficiency and sustainability. We have incorporated modern engineering solutions that align with the requirements of contemporary hospitality projects and enhance the overall experience for both residents and guests.”
Further, Samah Malek, Sales Director at Siva Developments, said that the village targets a broad segment of clients seeking genuine investment opportunities within the hospitality sector.
She added, “The development combines several elements that are rarely found in a single development, including a prime location, professional hotel-style management, and a variety of unit sizes. It also features flexible payment plans starting with a 10% down payment and installment plan of up to eight years, giving clients the opportunity to own a real estate asset in one of the most attractive investment areas in the North Coast.”