Egypt's Palm Hills unveils plans for major development in Jirian City
The announcement was made during the official launch of Jirian City, attended by Prime Minister Mostafa Madbouly.
PHD's project, which will span 361 acres and include over 9 kilometres of Nile waterfront, will integrate residential and touristic elements, the company said in a press statement.
PHD's Chairman and CEO Yasseen Mansour said the Jirian City project will include a new Palm Hills Sports Club focused on water and marine activities, with ambitions to support athletes competing at the 2028 Los Angeles Olympic Games. He added that the project aims to create around 100,000 direct and indirect jobs annually.
PHD has developed 41 integrated projects across East and West Cairo, Alexandria, and the North Coast. It also has an established presence in the hospitality sector, with partnerships including The Ritz-Carlton Cairo Palm Hills and plans to add 4,000 new hotel rooms over the next five years.
(Writing by Eman Hamed; Editing by Anoop Menon)
(anoop.menon@lseg.com)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
an hour ago
- Zawya
Canopy by Hilton Cape Town Longkloof makes its debut in South Africa
Nestled in Cape Town's Longkloof neighbourhood, a historic district revitalised by Growthpoint Properties, which features a newly opened shopping centre, several office spaces, and a tech startup hub, the hotel perfectly reflects the spirit of the neighbourhood. 'South Africa saw nearly nine million visitors in 2024 and offers travellers beautiful tourist attractions, vibrant culture and outstanding dining. Hilton has enjoyed a presence in South Africa for more than three decades, and this new opening represents a significant milestone for us in a country where we continue to see great opportunity,' said Guy Hutchinson, president, Middle East & Africa, Hilton. 'We are delighted to debut Canopy by Hilton and look forward to welcoming guests to Cape Town to experience a locally inspired, and welcoming stay.' The 154-key property features Chef Bertus Basson's newest restaurant, Ongetem, a fitness centre, and thoughtfully designed public spaces that reflect the colourful spirit of the neighbourhood. First look The hotel's façade features distinctive red bricks, carefully preserved to reflect the history of the 112-year-old Longkloof neighbourhood. Image by Evan-Lee Courie To make the property feel like an extension of Longkloof, the hotel's public areas feature inspiring design, abundant natural lighting and buzzing energy – drawing in guests and locals alike. Image by Evan-Lee Courie The thoughtfully designed Canopy by Hilton Cape Town Longkloof hotel blends upscale comfort with the charm of Cape Town's rich cultural tapestry, featuring custom art pieces that reflect the neighbourhood's creative spirit, articulated in a Cape Malay colour palette, and inspired by fynbos, the ocean and nearby Bo-Kaap on different floors. Image by Evan-Lee Courie Image by Evan-Lee Courie Inside the hotel, the 154 guest rooms are spacious and modern, with each room featuring a signature canopy above the bed adorned with colourful South African prints. An eclectic mix of artisan-crafted furnishings and locally inspired design, including a curated collection of paintings from local artists, adorn the property. Image by Evan-Lee Courie Image by Evan-Lee Courie 'Introducing Canopy by Hilton to South Africa is a meaningful step for our brand. Cape Town's vibrant culture, creative energy and culinary richness align beautifully with our commitment to offering locally inspired stays,' said Jenna Hackett, global lifestyle category leader, Hilton. 'At Canopy Cape Town, guests will find thoughtful design, a strong connection to the neighborhood, and experiences that reflect the city's dynamic spirit, from the bold flavors of Ongetem to the curated art throughout the hotel. This opening represents our continued focus on growing in destinations that celebrate community, creativity, and a sense of place.' A culinary destination Ongetem, the hotel's signature restaurant and bar, brings a fearless energy to the city's dining scene. Led by acclaimed chef Bertus Basson, whose approach draws from South Africa's rich culinary heritage, the menu blends bold local flavours with a modern twist. Image by Evan-Lee Courie Ongetem – which translates to 'untamed' – is anchored by the guiding philosophy of 'Butcher, Baker, Cocktail Maker' and delivers a vibrant dining experience, from flame-grilled meats and fresh pastries to handcrafted cocktails infused with local botanicals. Designed as a gathering place for locals and guests alike, the space is set to earn its name in Cape Town's dynamic food culture, elevated by playful, design-forward interiors that celebrate community and craft. Located in the sought-after City Bowl area, Canopy by Hilton Cape Town Longkloof is a short 10-minute drive to the scenic Table Mountain. It is also 20 minutes away from Cape Town International Airport and 10 minutes from the Cape Town International Convention Centre and has easy access to the beaches of Camps Bay and Clifton, as well as to popular landmarks such as Signal Hill, the Museum Precinct and the V&A Waterfront. The property joins Hilton's seven hotels in South Africa, including Hilton Durban, DoubleTree by Hilton Cape Town - Upper Eastside and Hilton Garden Inn Umhlanga Arch as well as three hotels under development. Wouter de Vos, Growthpoint's Regional Head: Western Cape, adds that the hotel is the perfect complement to the mix of uses and tenancies in the Longkloof precinct. Wouter de Vos, Growthpoint's Regional Head: Western Cape at the official opening of Canopy by Hilton Cape Town Longkloof. Image by Evan-Lee Courie 'We are proud to welcome Canopy by Hilton to South Africa, which brings fresh, dynamic energy to the city's hospitality scene, and captures the character, culture and creative charm of its location.' Andreas Lackner, vice president of operations, Africa & Indian Ocean, Hilton, says, 'We are delighted to start welcoming guests to the much-anticipated Canopy by Hilton Cape Town Longkloof and are proud to be the centrepiece of the iconic precinct. We congratulate our partners at Growthpoint for completing the development of Longkloof, revitalising the historic precinct with this world-class hotel, an attractive public square and more. The neighbourhood is set to be a destination in its own right, and we are pleased to be at the heart of it.' All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
Arabian Business
an hour ago
- Arabian Business
Dubai real estate hits all-time high in Q2 2025 with $50.2bn in sales
Dubai's real estate market has recorded its strongest-ever quarterly performance, with property sales in Q2 2025 surging to AED 184.3bn ($50.2bn), according to new data from Property Finder. The second quarter saw 53,252 property transactions, marking a 22 per cent year-on-year increase in volume and a 49 per cent jump in value—making it the highest-performing quarter in Dubai's real estate history. The milestone builds on the momentum of a strong first quarter and underscores Dubai's status as one of the world's most attractive and resilient property markets, even amid global economic uncertainty. Dubai real estate record Dubai's existing property segment led the surge with record-breaking numbers: 22,975 transactions, up 33 per cent from Q2 2024 AED 115.5bn ($31.5bn) in value, a 62 per cent year-on-year increase This segment now accounts for 43 per cent of total market activity Value jumped 32 per cent and volume rose 15 per cent over the previous all-time peak The performance reflects a growing trend of residents shifting from renting to owning due to rising rental costs and long-term investment interest. Cherif Sleiman, Chief Revenue Officer, Property Finder said: 'What continues to set the UAE apart is proactive governance, including agile policy making, updated licensing protocols, and tighter regulation around agent conduct and property advertising, all of which contribute to greater transparency, investor confidence and robust sectoral performance. 'As our data shows, the diversity of options in the property market today, especially across apartments, villas, and townhouses, reflects a healthy and active ecosystem, particularly in segments like villas and townhouses that have historically faced supply constraints. 'This balance between demand and inventory signals market maturity rather than oversupply.' Dubai off-plan real estate records Off-plan sales also reached new heights: AED 68.8bn ($18.8bn) in total value, up 31 per cent year-on-year 30,277 transactions, marking 16 per cent growth Off-plan accounted for 57 per cent of all Q2 transactions The continued demand highlights long-term investor confidence in Dubai's development pipeline, regulatory stability, and global appeal. Cherif Sleiman also praised the launch of Dubai's First-Time Home Buyer Program. He said: 'We're especially energised by the launch of the First-Time Home Buyer Program, which aligns with Property Finder's mission to 'change living for good' and empowers residents to move from renting to owning'.
Zawya
2 hours ago
- Zawya
Qatar: Real estate trading volume exceeds $102.74mln in a week
Doha: The volume of real estate trading in sales contracts registered with the Real Estate Registration Department at the Ministry of Justice during the period from June 22 to 26 amounted to QR282,329,907, while the total sales contracts for the real estate bulletin for residential units during the same period reached amounted to QR92,286,715. The weekly bulletin issued by the department shows that the list of properties traded for sale included vacant lands, residences, residential buildings, a residential complex, commercial shops, administrative offices, and residential units. The sales operations were concentrated in the municipalities of Al Rayyan, Doha, Al Dhaayen, Umm Salal, Al Khor and Al Dhakira, Al Wakrah, and Al Shamal, in addition to the areas of the Pearl, Lusail 69, Fox Hills, and Umm Al Amad. The volume of real estate transactions in sales contracts registered with the Real Estate Registration Department reached more than QR483 million between June 15-19. Qatar is advancing efforts in economic diversification and accelerating the pace of economic growth by continuously creating new opportunities for investors. The country's real estate sector has significant potential for growth. This positions Qatar at the forefront of global investment, fostering a sustainable and attractive business environment that benefits the national economy and fulfils future generations' aspirations. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
