Egypt’s hospitality and property developer ALDAU Development, a member of Sami Saad Holding, has launched the first phase of “Cairo West Residence,” its newest 11-acre residential project in west Cairo, Invest-Gate reports.
“ALDAU invested EGP 3 bn in this project[, which lies in close proximity to the Grand Egyptian Museum (GEM)] solely with a vision based on diversity reflected in the mixed-use units blending the purposes and concepts of the residential and the hotel apartments,” according to a press statement on September 23.
The project’s units vary in types from one-bedroom studios to two- or three-bedroom units, duplexes, and penthouses, with sizes ranging between 44 and 412 square meters.
“Diversity does not stop at this, but also extends to the building and construction methods that follow the latest trends and standards aimed at providing our residents with the utmost smart tech solutions facilitated by an advanced internet network for smoother living and entertainment conditions,” according to Senior Operations and Commercial Director at ALDAU’s Real Estate Division, Mohamed Salem.
Salem added that the project will provide a comprehensive security system and management office for handling the project’s assets, which will be working around the clock to cater to residents’ needs and demands.
The project will comprise entertainment areas, swimming pools, and green open spaces, he said, adding that the owners will have access to hotel services in their residencies provided by the Puro Urbano international hotel chain.
Salem stressed the company’s keenness on targeting lands in sophisticated and promising areas to address the needs of the growing base of target buyers in Egypt and abroad who look to invest in the local market.
“Cairo West Residence” serves the objectives of ALDAU’s Real Estate Division aimed at supporting and enhancing the export of the Egyptian real estate product.
ALDAU picked a strategic location for the project, lying in proximity to prominent destinations in Giza such as the Grand Egyptian Museum (GEM), which planned to be a remarkable attraction in the governorate. The project is also adjacent to the Sphinx International Airport (SIA) which adds to the attractiveness of west Cairo to tourists.