
Cairo Capital Developments delivers first phase of Lake West 1
Yasser Khalaf, Chairperson of Cairo Capital Developments, said the Lake West project spans 43 feddans on Waslet Dahshour Road and is being developed entirely through self-financing. Comprising two phases, the first has already been handed over to residents, while the second phase is on track for completion within the next two months.
The upcoming phase includes 123 villas and is being executed by Cairo Capital Contracting—a sister company with over 30 years of experience in the Saudi market, Khalaf noted.
He added that 96 villas from the first phase have been delivered and are now occupied, emphasising the company's commitment to maintaining the highest construction standards as it completes the remainder of the project. Positioned as the largest development on the Waslet Dahshour Road, Lake West is set to become a model residential community in this prime West Cairo location.
Khalaf concluded that Cairo Capital Developments is simultaneously working on four projects in Sheikh Zayed City as part of an ambitious expansion strategy. These projects, he explained, are diverse in scope and designed to meet a range of market needs, reflecting the company's commitment to strengthening its presence in one of West Cairo's most promising real estate markets.
© 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Khaleej Times
6 hours ago
- Khaleej Times
Dubai: New areas driving strong demand as July property sales near Dh50 billion
Dubai's property market continues to hold strong in July, as demand shifts from traditional to new areas that are offering long-term value for end-users, according to the latest data. Released by Springfield Properties, data showed that the emirate's real estate market recorded Dh49.67 billion in transactions in July 2025, a 12.09 per cent increase from June 2025 and a 24.8 per cent rise year-on-year. A total of 18,191 deals were registered, up 16.5 per cent month-on-month and 21.5 per cent annually, underscoring the market's momentum heading into the second-half. Off-plan transactions accounted for 74.26 per cent of activity, supported by a broader end-user base, enhanced affordability measures, and rising investor appetite in emerging corridors. "Transaction volumes are holding steady at a high base, supported by the scale and pace of new project launches," said Farooq Syed, CEO of Springfield Properties. "We're seeing particular strength in the off-plan segment where developers are responding to buyer expectations with flexible payment plans, and integrated masterplans designed for long-term community living," he said. Syed added that buyers are better informed these days and more focused on tangible value - from quality of product to delivery timelines. According to Springfield Properties, as Dubai's infrastructure expands and masterplanned communities evolve, demand is shifting beyond traditional prime areas toward developments offering long-term value and livability. The current cycle is shaped by informed buyers, diversified capital allocation, and sustained confidence in the emirate's real estate fundamentals — underpinned by consistent transaction growth, flexible financing, and a deepening commitment to quality delivery across segments. July data showed that the average price per square foot for off-plan apartments was Dh2,090, with ready apartments averaging Dh1,495. For villas and townhouses, off-plan prices averaged Dh1,353 per sqft, while secondary market prices averaged Dh1,666 per sqft. Compared to June, price movements across most segments remained within a tight range, with performance tied more closely to product design and location than macro shifts. The secondary market also remained active in July, with ready apartments in established locations seeing demand from first-time buyers taking advantage of new mortgage schemes. Villas continued to register interest selectively, with premium end-user buyers prioritising layout efficiency and long-term value.


Khaleej Times
7 hours ago
- Khaleej Times
Dubai completes 24 real estate projects worth Dh4.5 billion in first half of 2025
Dubai's real estate sector continues to strengthen its position as one of the key pillars of the emirate's economic growth, recording steady performance and results that reflect the market's resilience and diversity of investment opportunities. According to data from the Dubai Land Department (DLD), the first half of 2025 saw the completion of 24 real estate projects valued at Dh4.5 billion. This momentum is part of a wider growth trajectory, with 726 projects currently under construction across the emirate, underscoring sustained demand from both developers and investors. The surge in ongoing development also indicates the accelerated pace of project delivery to meet rising demand for standalone units and integrated residential communities. Dubai's real estate market registered 90,337 new real estate units during the first half of the year, serving as a clear indicator of the sector's sustained growth. This also reflects developers' responsiveness to market needs, particularly amid rising demand for ready-to-move and sustainable projects that offer comprehensive living spaces. In H1 2025, 75,347 real estate units were sold valued at Dh151 billion, highlighting the sustained momentum in residential property transactions, supported by investors' confidence in the market's long-term prospects. Keeping with this trend, villa sales demonstrated strong performance, with 7,167 villas sold for over Dh28 billion, reflecting a considered shift in buyer preferences toward standalone units and fully integrated residential communities. In the rental market, 465,738 lease contracts were registered during H1 2025, a slight increase from 462,657 in the same period of 2024, representing a rise of under 1%. This indicates a stable and steady sector, supported by government initiatives and programmes aimed at encouraging residents to transition from renting to home-ownership and enhancing family and social stability in the emirate. The total value of lease contracts reached approximately Dh42 billion in H1 2025, reflecting a 5% increase compared to the same period in 2024. New lease contracts saw a 7% rise, reaching 232,928, up from 217,101 in the same period last year. The figures reaffirm Dubai's leading position in the regional and global real estate sector and highlight the effectiveness of the Dubai Land Department's regulatory policies and frameworks aimed at stimulating investment, enhancing transparency, and empowering all segments of society to own property within a stable and attractive environment. Through its strategic initiatives and advanced digital efforts, DLD continues to develop an integrated real estate ecosystem that meets the aspirations of both individuals and investors. These efforts support the objectives of the Dubai Real Estate Strategy 2033 to position the emirate as the world's best city for quality of life and real estate investment.


Zawya
7 hours ago
- Zawya
ExxonMobil launches third edition of 'EXCITE' program
Cairo – As part of its ongoing commitment to supporting its partners across the region, ExxonMobil has launched the third edition of its flagship training program 'EXCITE,' reaffirming its collaborative approach to enhancing regional cooperation and empowering customers and distributors in the automotive and industrial lubricants sectors through comprehensive capacity building. The prominent event was hosted in Cairo, bringing together 57 participants from 16 different markets across Egypt, Africa, and the Middle East, including representatives from authorized distributors, alliances, and joint ventures. This year's edition reaffirms ExxonMobil's pivotal role in supporting its partners, sharing expertise, and driving growth in the energy and industrial sectors in Egypt and the Middle East. As one of the region's top exporters, ExxonMobil supplies its products to around 21 countries across Africa and the Middle East. EXCITE goes beyond being a training initiative, it serves as an integrated platform that empowers partners by enhancing leadership, sales, and marketing capabilities, bolstering their competitiveness, and reflecting ExxonMobil's commitment to building not only long-term but also sustainable partnerships. In this regard, Eng. Amr Abou Eita, Chairman and Managing Director of ExxonMobil Egypt and Regional Manager of Lubricants Sales for Africa and the Middle East, commented: 'With Egypt's ongoing economic growth, we understand that our true success lies in supporting our partners across the region. We are committed to cultivating trust and maintaining constant engagement with all our customers and distributors in Egypt, Africa, and the Middle East. This is a core pillar of ExxonMobil's long-term strategy to invest in people and strategic partnerships. EXCITE is a testament to this approach, fostering collaboration and knowledge-sharing to drive sustainable innovation, support industry-wide progress, and reaffirm Egypt's role as a regional hub for talent development.' Eng. Mohamed El-Assar, Africa and Middle East Sales Manager at ExxonMobil, added: 'The third edition of EXCITE has achieved remarkable success, thanks to the continued support of our strategic partners, especially our key distributors in Egypt and the region. This year, EXCITE was more than just a training program—it was a celebration of collaboration and partner development across Africa and the Middle East. The enthusiasm and active participation of all attendees underscore the power of shared learning and the significance of our regional partnerships. We remain committed to equipping energy professionals with the tools they need to lead, innovate, and thrive—building more agile, skilled, and connected capabilities across the region, supporting our ongoing growth, market expansion, and driving sustainable development in our target markets.' It is worth noting that ExxonMobil, while always keen on enhancing the capabilities of its partners and clients, also pays significant attention to community development. The company pursues this through key pillars, such as education and training, women's economic empowerment, innovation, and entrepreneurship. About ExxonMobil ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society's evolving needs. The corporation's primary businesses - Upstream, Product Solutions and Low Carbon Solutions – provide products that enable modern life, including energy, chemicals, lubricants, and lower emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants, and chemical companies in the world. ExxonMobil also owns and operates the largest CO2 pipeline network in the United States. In 2021, ExxonMobil announced Scope 1 and 2 greenhouse gas emission-reduction plans for 2030 for operated assets, compared to 2016 levels. The plans are to achieve a 20-30% reduction in corporate-wide greenhouse gas intensity; a 40-50% reduction in greenhouse gas intensity of upstream operations; a 70-80% reduction in corporate-wide methane intensity; and a 60-70% reduction in corporate-wide flaring intensity. With advancements in technology and the support of clear and consistent government policies, ExxonMobil aims to achieve net-zero Scope 1 and 2 greenhouse gas emissions from its operated assets by 2050. To learn more, visit and ExxonMobil's Advancing Climate Solutions. Follow us on LinkedIn, Instagram and X.