LOTÉRA (Sold Out)
Type
Residential
Year
2028
About This Project
LOTÉRA is a mixed-use coastal development by ARX Development in New Damietta, positioned directly on the Mediterranean Sea on the city’s last available direct beachfront plot, next to Ithmar Village. The project extends across approximately 39 feddans, including around 23 feddans allocated to a private beach, creating a destination that combines coastal living, hospitality, business, and leisure within one integrated development. The development brings together residential units, commercial spaces, administrative offices, and hotel apartments, allowing residents, visitors, investors, and businesses to access different functions within the same destination. Its masterplan is planned around the project’s beachfront setting, with extensive green areas and integrated leisure facilities designed to complement the coastal lifestyle. LOTÉRA incorporates a range of lifestyle and recreational components, including swimming pools, a spa, padel courts, landscaped green areas, a seafront promenade, retail and shopping areas, restaurants, cafés, and entertainment spaces. The development is intended to provide an integrated environment that combines everyday living with hospitality and leisure experiences. The hospitality component is further supported by ARX Development’s strategic partnership with Helnan, which has been announced to manage and operate LOTÉRA Hotel. The partnership is intended to provide professional hotel management and hospitality services within the project. With its direct Mediterranean frontage, private beach, diversified property types, and integrated commercial and hospitality components, LOTÉRA is positioned by ARX Development as a destination serving both end users and investors seeking exposure to New Damietta’s growing coastal and tourism market. Key Project Facts Developer: ARX Development Classification: Mixed-Use / Coastal / Resort Location: New Damietta, directly on the Mediterranean Sea Project Area: 39 feddans Private Beach: Approximately 23 feddans Unit Types: Residential, Commercial, Administrative, Hotel Apartments Key Facilities: Private beach, seafront promenade, swimming pools, spa, padel courts, green areas, retail, restaurants, cafés, and entertainment facilities Hotel Operator: Helnan – announced to manage and operate LOTÉRA Hotel Payment Plan: Starting from 10% down payment with installments extending up to 5 years, according to ARX's current project material. Delivery Date: Not officially disclosed in the current ARX material reviewed.