Emaar Misr awards DORA Construction the first contract to build the first phase of the Cairo Gate project in Sheikh Zayed, which is Emaar Misr’s first integrated residential communities project in Sheikh Zayed, Invest-Gate reports.
DORA Construction’s subsidiary Construction & Reconstruction Engineering Co. (CRC) plans to build 117 units in the Elan village, including standalone villas and duets. All contracts for the first phase areas, which include Eden, Grand Residence, and Rays Social Club, is set to be signed within the next month.
Cairo Gate project was launched in October 2020 after the success of the project’s first phase. It is Emaar Misr’s first project in the west side, on an area of 133 feddans in Sheikh Zayed City. Investments of EGP 1.5 bn have been earmarked to build villas, apartments, services apartments, a business area, commercial areas, and integrated services.
Mr. Mohamed Ali Alabbar, founder of Emaar Properties, says, “Since Emaar started operating in Egypt, we have been working to create a different model of projects – one that befits both Egypt and our ambition. Cairo Gate project in Sheikh Zayed is a new milestone for Emaar Misr as it is our first project in West Cairo, as part of our endeavor to expand our integrated real estate projects in all over Egypt. The early phases of the Cairo Gate project have enjoyed great success and popularity after their launch last year, which confirms the success of our strategic vision and confidence of customers in our projects.”
He adds, “We have recently celebrated our 15-year anniversary in Egypt. During that period, the company’s land portfolio reached more than 17.4 mn sqm in five strategically distinct locations in East, West, and Central Cairo, as well as in the North Coast. The volume of investments reached EGP 200 bn.”