Gates Developments has signed a strategic partnership with SDC, owner of the Farida real estate platform, to integrate residential and hospitality services across a number of its flagship developments in the New Administrative Capital, West Cairo, and the North Coast.
Under the agreement, SDC will operate and manage serviced apartments under the Luxor Hospitality brand within Gates Developments’ CATALAN and VENIA projects in the New Capital.
CATALAN spans 36 feddans in the R7 district and comprises 1,765 units, while VENIA extends over 40 feddans with a total of 1,792 units. Both projects are scheduled for phased delivery through 2027. The introduction of serviced apartments is intended to enhance operational efficiency and offer investors flexible, hospitality-oriented residential products.
The partnership also covers collaboration on the Space Commercial Complex in Sheikh Zayed City, a mixed-use development built over 33,600 sqm and comprising 545 units. The project is designed to provide integrated commercial, administrative and medical services, alongside the introduction of a major supermarket brand to anchor retail activity.
Hassan Nasr, CEO of Gates Developments, said the agreement reflects the company’s strategy of combining real estate development with professional asset management and hospitality operations, with the aim of maximising investment returns and elevating customer experience.
Ahmed Saqr, Chairperson and CEO of SDC, noted that the partnership aligns with the company’s investment strategy of targeting high-quality real estate assets and delivering professional operational solutions that generate sustainable value for both investors and end-users.
The collaboration is expected to optimise the utilisation of Gates Developments’ portfolio, which totals approximately 7,700 units, and respond to rising demand for hospitality-integrated residential offerings in Egypt’s emerging urban destinations.
