Mazaya Developments has announced the launch of 60 fully serviced hotel-style residential units at its Norm Spaces project in the New Administrative Capital’s MU23 district, Invest-Gate reports.

The announcement was made during the company’s annual suhoor gathering, held at the Grand Egyptian Museum and attended by over 500 stakeholders, including consultants, real estate marketers, and company employees.

Chairman of Mazaya Developments, Mohamed Allam, said during the company’s suhoor event at the Grand Egyptian Museum, “This offering comes as part of our strategy to diversify our real estate products. The project includes fully serviced hotel-style apartments in one of the most strategic locations, opposite the Sports City, and is supported by top-tier medical, administrative, and commercial services. These features ensure ease of operation and maximum investment return.”

Allam added, “Our vision since entering the Egyptian market has been focused on continuous development and delivering sustainable, high-quality real estate that adapts to market shifts and offers clients strong investment gains.”

CEO Mohamed Mostafa said, “The new residential units at Norm Spaces are planned and built to global standards, with internal spaces starting from 60 sqm. We have partnered with a top-tier management company to operate the units, guaranteeing full compliance with operational standards and ensuring clients benefit from maximum returns.”

Mostafa confirmed that a professional property management firm has been contracted to operate the units, ensuring consistent service quality and strong returns for investors. Buyers can take advantage of flexible payment plans, including a 10% investment installment plan and a limited-time 10% discount.

Norm Spaces marks Mazaya’s fourth development in the capital. Spanning 6,700 sqm, the mixed-use project includes three underground parking levels, a ground floor, and nine upper floors. Construction is expected to begin in Q3 2025. Since its founding in 2017, Mazaya has launched multiple projects across the capital, including The Rock, Gemini Red, and Gemini Blue, with total investments nearing EGP 8 bn.