Published with courtesy as part of a Media Sponsorship agreement with Cityscape and written by Cityscape Staff
Following the conclusion of a successful two-day Cityscape Egypt Conference, the Cityscape Awards for Real Estate in Egypt illustrated advances in the real estate sector by recognising outstanding concepts in real estate development and architecture.
Cityscape Awards for Real Estate in Egypt took place last night at the Four Seasons Nile Plaza and celebrated 33 distinguished projects who were in the running for the converted awards, from culturally integrated city skylines to mixed-use urban communities from across Egypt.
Sponsored by Maisonette Holding and JLL, the Awards shortlist consisted of some of Egypt’s notable developers and architects who went head-to-head in each of the eight categories.
“The 33 names vying for top honours this evening are evidence of an Egypt on the cusp of a new era of design and innovation. These projects epitomise the spirit and resilience of the country and all that its real estate sector offers,” said Iman Eissa, Cityscape Conference Director, at last night’s prestigious ceremony.
Taking home the Commercial Project Award, was Palm Hills Developers for its Palm Central project in 6th of October City. While the highly anticipated Al Sheikh Zayed Grand Mosque, from Capital Group Properties, received the Community, Culture & Tourism Award.
“This award is not only in recognition of our work but rather as an encouragement toward innovative architectural designs within the Egyptian Market,” said Abdelhalim Ibrahim CDC Principal of Abdelhalim, architects of the Al Sheikh Zayed Grand Mosque.
Madaar Developments received the Leisure & Hospitality Project Award for its project Tucana, and Forty West, from developer SODIC, picked up the Residential- Low to Medium Rise Project (Built).
“SODIC’s number one aim has always been excellence in providing the best experience possible to our clients and our society. We are both honoured and humbled to be recognised in such efforts,” said Ramy Raafat, Development Executive Director at SODIC.
Rooya Group’s project, Hadaba, emerged victor in the Residential – Low to Medium Rise Project Award (Future). Hesham Shoukri, Chairman and CEO said it was a great honour to receive the award, which reminded them of their purpose in creating landmarks for the country.
“We are so humbled to have been chosen, knowing that there were many qualified applicants. On behalf of Rooya Group and the entire team, thank you for continuing to support and encourage the Egyptian real estate market,” added Shoukri.
Developer, OUD scooped the award Residential – Medium to High Rise Project Award for its development Korba Royal Residence, while the project Rviette by Al Ahly for Real Estate Development won the Retail Project Award.
“Our vision is dedicated to serving not only our clients but the communities of the area with the best services at our disposal,” said Ayman Wagdy, COO at Al Ahly for Real Estate Development.
Awarded the Marketing/Communication Award, was the project Degla Landmark by developer MEMAAR Almorshedy.
The highly-anticipated Cityscape Egypt 2018 exhibition then takes place on the 28th – 31st March at its new venue, the Egypt International Exhibition Centre (EIEC) in in Mehwar Almosheer Tantawy in New Cairo. The show, sponsored by PROJECTS, kicks off with over 70 exhibitors from Egypt who will showcase projects from across the real estate spectrum, both from Egypt and around the world.
EXHIBITORS TO REVEAL EGYPT’S MOST PROMINENT MIXED-USE DEVELOPMENTS
The increased demand for residential real estate with retail, leisure and entertainment amenities is driving developers to create more mixed-use developments. The 7th edition of Cityscape Egypt – which kicks off on Wednesday – will highlight some of these innovative new projects
22 March, 2018, Cairo, Egypt: Prompted by the rise in demand for residential communities with integrated retail, leisure and entertainment facilities, real estate developers at this year’s Cityscape Egypt are ramping up efforts to entice potential homebuyers with a range of plush villas and townhouses in new mixed-use developments.
Opening its doors on March 28th and running until the 31st at its new venue the Egypt International Exhibition Centre (EIEC) in Mehwar Almosheer Tantawy in New Cairo, the 7th edition of Cityscape Egypt will reveal hundreds of real estate investment opportunities for prospective buyers across all price points.
Egypt’s foremost developers are expected to tout their latest projects, with most developments featuring a strong emphasis on lifestyle and community living. According to experts, market trends are indicative of a rise in demand for residential communities that cater to homeowners’ requirements of green space, retail such as cafes and restaurants, leisure facilities, education, and healthcare.
“The current demand in the Egyptian real estate market is for lifestyle products,” said Ian Albert, Regional Director at Colliers. “Cairenes are looking for secure neighbourhoods complete with community retail facilities, as well as education and healthcare facilities that complement the residential component. Affordability is also of primary concern as consumers are becoming more price sensitive and competition is becoming intense.”
Exhibitors at this year’s Cityscape Egypt will speak to this need.
Tatweer Misr will be launching three mixed-use, residential projects at Cityscape Egypt: Fouka Bay, in Ras El Hekma North Coast; Bloomfields, New Cairo; and IL Monte Galala in Sokhna. Bloomfields in New Cairo will also include, commercial space, parks and open-air galleries.
Hyde Park Developments are expected to launch the latest phase of its Hyde Park Business District New Cairo, and the second phase of Coast 82, on the North Coast.
Eng. Amin Serag, CEO of Hyde Park said: “The company intends to inject further investment by introducing several new residential, administrative, service and tourism projects to support the Egyptian economy.”
With a focus on lifestyle products, Hyde Park plans on developing an area of 40 acres in 2018, devoted to leisure activities, including spaces for all sports. “In addition to a social club, an elite team comprising sports cadres and administrators in Egypt will run the club in accordance with the administration standards of international organisations,” added Serag.
Visitors to the four-day show, will have a chance to meet developers, who will offer special promotions on residential units and complexes, as well as property consultants who will be able to dispense advice.
Developer, SUD will showcase High City, Capital Heights 1, and Capital Heights 2. High City, which will be ready in 2020, sits on top of a hill on Obour City overlooking Ahmed Orabi Square as well as the entrance to the Fifth District. The residential complex will feature green space, a shopping mall and health clubs. A 0% down payment and a 5-year instalment will be offered at the show.
Tabarak Developments will showcase its popular 90 Avenue development in New Cairo and Capital East Residence in Nasr City.
“90 Avenue is expected to deliver phase one fully finished in 2018 with a total investment of 7 billion EGP. In addition, Capital East Residence, which was launched in February 2017, with 800 million EGP is expected to start delivering its units in 2019,” said Ali El Shorbany, CEO and Chairman of Tabarak Developments.
This year’s platinum sponsor, PROJECTS, will showcase its Blues Tiffany development, in Ras El-Hekma on Egypt’s North Coast. The project is spread over 250 acres and the developer will offer a 10% discount and will also reveal flexible payment structures at the show.
This year, visitors looking to gain knowledge, insight and advice on the real estate sector can attend the Cityscape Talks, a free-to-attend content offering held on the show floor on all four days. Visitors can hear from speakers on how to maximise their real estate investment, find out about the current market trends, acquire important information before finalising their purchase and network with potential business contacts in the industry. Speakers include, real estate brokers, architects, engineers and other professionals.
Other exhibitors at this year’s Cityscape Egypt include: Talaat Moustafa Group, SODIC, Aristo Developers, Ardic for Real Estate Development, Edge Architects, Madaar Development, Misr Italia Properties, Mousa Coast Development, and many more.
For more information on Cityscape Egypt visit www.cityscapeegypt.com
About Cityscape Egypt:
Cityscape Egypt is owned by Informa Exhibitions. Informa Exhibitions delivers over 220 trade and consumer exhibitions annually across the globe. Cityscape first took place in 2002 in Dubai and since then, it has grown to be the largest real estate event brand globally, with events taking place across the GCC, Middle East, Asia and Turkey. Since its launch, Cityscape has welcomed over 500,000 real estate professionals and investors from over 160 countries.