Gates Developments announced the signing of a strategic partnership with the “Sakr” Real Estate Investment Fund (SDC), owner of the “FARIDA” platform, aiming to provide an integrated residential and hospitality experience across several of its key projects in the New Capital, West Cairo, and the North Coast. This partnership comes within Gates Developments’ vision to enhance added value and improve the experience for clients and end-users, Invest-Gate reports.

CEO Highlights the Integrated Real Estate Development Approach

Hassan Nasr, CEO of Gates Developments, said: “This strategic partnership with SDC reflects Gates Developments’ approach to delivering an integrated real estate development concept that goes beyond construction to include professional operation and asset management. This ensures maximizing the investment value of projects and enhancing client experience. We believe that integrating hospitality services into our residential and commercial projects represents a real added value, keeping pace with market developments and meeting the growing demand for hotel-style real estate products in promising locations.”

Details on Hotel Apartment Management in “Catalan” and “Venia” Projects

Under this partnership, SDC will operate and manage hotel apartments under the Luxor Hospitality brand within Gates Developments’ “Catalan” and “Venia” projects in the New Capital, ensuring high-quality hospitality services for residents and investors, and enhancing the attractiveness and long-term investment value of the units.

The “Catalan” project is one of Gates Developments’ largest residential projects in the R7 area of the New Capital, covering 36 feddans with 1,765 units. Meanwhile, the “Venia” project spans 40 feddans with 1,792 residential units, with planned delivery by 2027.

Collaboration on “Space Commercial Complex” in Sheikh Zayed

The partnership also includes cooperation on the “Space Commercial Complex” in Sheikh Zayed City to attract a major supermarket brand in partnership with SDC, providing comprehensive daily commercial services within the project. The complex covers approximately 33,600 sqm and consists of 545 multi-use units, including commercial, administrative, and medical spaces. This step reflects Gates Developments’ commitment to creating mixed-use projects that provide all elements of life, work, and leisure in one place.

SDC Chairman’s Statements on the Strategic Partnership

Ahmed Sakr, Chairman of SDC and CEO of the “FARIDA” platform, stated: “We are proud to collaborate with Gates Developments, one of the leading companies in the Egyptian real estate market, to deliver a fully integrated operational model based on professional standards in managing hotel apartments and commercial services. This partnership reflects our confidence in the strength of Gates’ project portfolio and aligns with Sakr Fund’s strategy to invest in high-quality real estate assets and provide operational solutions that add sustainable value to both investors and end-users.”

Gates Developments Aims to Maximize Value Across Its Real Estate Portfolio

Through this partnership, Gates Developments aims to maximize the value of its portfolio, which comprises approximately 7,700 units across East and West Cairo and the North Coast, by offering an integrated real estate product from design and construction to delivery, operation, and asset management. This approach keeps pace with the fast-developing Egyptian real estate market and the rising demand for hotel-style real estate products, particularly in promising areas such as the New Capital and West Cairo.