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. The introduction of serviced apartments is intended to enhance operational efficiency and offer investors flexible, hospitality-oriented residential products. 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.

Source: Daily News Egypt February 15, 2026 18:15 UTC