The project, named "DO New Cairo," was unveiled during a large gathering attended by more than 1,000 real estate brokers. The development will feature a combination of hotel-serviced residences, branded apartments, and integrated leisure facilities.
One Developments stated that the project marks a pivotal
moment in its regional expansion strategy, which begins in the Egyptian market,
considering it a crucial pillar of the national economy. The company noted that
the entry of international developers like One Developments is a strong
indicator of the great confidence in the strength of the Egyptian real estate
market and its long-term future growth potential.
Ali Al Gebely, founder and chairman of One Developments,
said the company's expansion into Egypt is a vital step toward achieving its
ambition to leave a real mark on the evolution of the region's real estate and
hospitality sectors.
He added that the move follows the company's execution of the "Laguna Residence" project, with investments totaling 2.4 billion UAE Dirhams.