Latest news with #HiltonCairoNileMaadi
Daily News Egypt
25-05-2025
- Business
- Daily News Egypt
Cairo Real Estate Market posts strong Q1 2025 performance across all sectors
Cairo's real estate market kicked off 2025 with solid momentum, showing robust activity across residential, office, retail, and hospitality segments, according to The Cairo Real Estate Market Dynamics – Q1 2025 report. Residential Sector Approximately 7,500 new residential units were delivered in Q1, bringing Cairo's total housing stock to around 301,100 units. Most upcoming completions—estimated at 28,500 units by year-end—are concentrated in East Greater Cairo. Although growth has eased from the triple-digit surges of 2024, market activity remains healthy. A stabilizing exchange rate and a sharp decline in inflation to 13.6% as of March 2025 have contributed to this normalization. Property sales prices in 6th October and New Cairo increased by an average of 89.4% year-on-year, while rental rates rose 90.2% and 88.2%, respectively. A growing trend has seen more prospective buyers opting to rent in high-end neighborhoods previously beyond their purchasing power. This shift is encouraging landlords to lease rather than sell, bolstering the rental market and enhancing investment returns. Office Sector The office market expanded by roughly 10,500 sqm of leasable space in Q1, raising Cairo's total office inventory to approximately 2.2 million sqm. An additional 615,300 sqm is expected to be completed by the end of the year. Grade A office vacancies declined to 8.6%, down from 10.9% in the previous quarter. Rents rose year-on-year by 4.7% for Grade A offices and 2.9% for Prime spaces. Limited availability of high-quality stock kept landlords in a strong negotiating position. Parking availability has become increasingly important in lease discussions, driving developers to incorporate podium parking in new projects. Retail Sector Cairo's retail market added 27,000 sqm of gross leasable area (GLA) in Q1, increasing total retail stock to 3.22 million sqm. Most of this growth occurred in New Cairo and the New Administrative Capital, with expansions in business parks, malls, and community centers. Vacancy rates fell to 7.2%, down from 9.2% a year earlier, as improved footfall and tenant demand supported performance. Outdoor, community-focused retail formats—especially those centered on F\&B and entertainment—outperformed traditional malls. Rental rates rose across the board, with super-regional malls seeing a 7.4% annual increase and community malls registering an 11.4% uptick. Despite higher rents, landlords continued to offer leasing incentives such as rent abatements and capital expenditure contributions. Hospitality Sector The hospitality sector saw the addition of approximately 870 hotel keys in Q1, following the openings of Hilton Cairo Nile Maadi and Sofitel Cairo Downtown Nile. This brings Cairo's total hotel stock to about 27,800 keys. While occupancy slipped slightly by 0.7% year-on-year through March, average daily rates (ADR) rose sharply by 30.5%, driving a 29.1% increase in revenue per available room (RevPAR). These gains signal strong pricing power and sustained recovery in tourism, especially in the upscale and luxury segments. Market Outlook Cairo's real estate market in Q1 2025 demonstrated resilience and adaptability, with each sector effectively navigating evolving economic conditions and shifting consumer preferences.
CairoScene
22-02-2025
- Business
- CairoScene
Egyptian Riverside Elegance at the New Hilton Cairo Nile Maadi
Right in the heart of the city, Hilton Cairo Nile Maadi blends sweeping Nile views with ancient Egyptian charm. If there's one thing that never gets old, it's a stunning Nile view—and the new Hilton Cairo Nile Maadi has a front-row seat. Right on the corniche of Cairo's upscale area of Maadi, on the banks of one of the most legendary rivers in the world, the newly-opened 255-key hotel offers sweeping views of the historic city below and the Pyramids of Giza beyond. Paying tribute to the rich history that once glided along the ancient river, the hotel's contemporary interiors feature ancient Egyptian motifs, locally inspired artworks, and a striking lobby centerpiece—an installation of draped white cloth suspended from the ceiling, a nod to the iconic Nile felucca. 'Hilton has a strong legacy in Egypt, where we have operated for more than 60 years,' Guy Hutchinson—President, MEA at Hilton—tells SceneTraveller. 'The opening of Hilton Cairo Nile Maadi is just one exciting step towards our plan of tripling our portfolio in the country.' Just minutes away from the National Museum of Egyptian Civilization, Hilton Cairo Nile Maadi, which was developed by Saudi Egyptian Developers, serves up four restaurants and bars that take guests on a journey of delectable flavours—from Levantine delicacies at Dayma to international favourites at the Nile-facing O'Nile Restaurant, where you can linger for hours, watching the city hum and the river flow. For a more laid-back experience, Tonic Pool Bar & Restaurant stands ready to serve some casual bites. Beyond the culinary, the hotel also features six meeting rooms capable of hosting up to 500 guests, a state-of-the-art fitness center, where you can run as you admire the views, and, most excitingly, the first ever eforea Spa in Egypt. Here, you can find targeted treatments, full-body therapies, and ancient healing practices, such as cupping and massages that incorporate warm sand. 'From reliable and friendly service and state-of-the-art amenities to compelling dining options and breathtaking views, we look forward to welcoming guests to a memorable stay at our outstanding property,' Haitham Nassar, General Manager of Hilton Cairo Nile Maadi, shares with SceneTraveller. 'We take a lot of pride in our newest hotel in Cairo and look forward to welcoming visitors to experience everything the city has to offer.' And, if you're looking for even more perks, Hilton Honors members can get their hands on exclusive discounts, opt for contactless check-in, and earn points for future stays, so you can easily come back, and experience all the Nile-side lavishness Hilton Cairo Nile Maadi has to offer.
Zawya
17-02-2025
- Business
- Zawya
Saudi Egyptian Developers launches Hilton Cairo Nile Maadi
Egypt - Saudi Egyptian Developers (SED) has officially opened Hilton Cairo Nile Maadi, a landmark addition to the Nile Pearl project. Situated along the banks of the Nile in the heart of Maadi, this architectural masterpiece embodies elegance and sophistication. With an investment exceeding EGP 6bn, the project strengthens Egypt's position as a premier global tourism destination while showcasing SED's commitment to world-class real estate development. Spanning 9,600 sqm, Nile Pearl is a luxury mixed-use development featuring two iconic towers. One houses a high-end residential complex with 190 upscale units of varying sizes, while the other is a five-star hotel managed by Hilton Global Hospitality. The hotel offers 256 elegantly designed rooms and suites, all boasting panoramic views of the Nile. Mohamed Al-Taher, CEO of Saudi Egyptian Developers, emphasized that the inauguration of Hilton Cairo Nile Maadi and the handover of residential units in Nile Pearl mark a defining moment in the company's journey. He highlighted the project's significance in strengthening SED's contribution to the Egyptian real estate sector while playing a crucial role in enhancing tourism and attracting visitors worldwide. Al-Taher noted that the development aligns seamlessly with Egypt's Vision 2030, which aims to attract 30 million tourists annually. Haitham Nassar, General Manager of Hilton Nile Maadi, expressed pride in partnering with Saudi Egyptian Developers to introduce this prestigious addition to the Hilton brand. The success of Nile Pearl is the result of a strategic collaboration with leading industry entities, including SIAC Construction, Hill International, EHAF Consulting Engineers, Siemens, and Pino Meroni. Their expertise was pivotal in shaping this architectural marvel, with more than 2,000 workers dedicating over 90,000 hours to its completion. Located near some of Egypt's most renowned landmarks, including the Pyramids and the Grand Egyptian Museum, Hilton Cairo Nile Maadi offers an exceptional hospitality experience with seamless access to key transportation routes. The 22-floor hotel is designed to deliver unparalleled luxury, with rooms and suites featuring breathtaking panoramic views of the Nile. Saudi Egyptian Developers, founded in 1975 as a joint venture between the Egyptian government—represented by the Ministry of Housing, Utilities, and Urban Communities—and the Saudi government, through the Ministry of Finance, has been at the forefront of Egypt's real estate sector for nearly five decades. The company has consistently delivered pioneering projects that redefine luxury living and investment opportunities. SED's financial performance has been remarkable, with profits surging from EGP 25m in 2017 to EGP 500m in 2023, reflecting its sustained growth and strategic vision.
