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Key Points
- Margins Development, led by Mohamed El Aasar, launched a $304-million Sheraton Hotel residential resort in Mostakbal City, Cairo.
- The resort features 190 luxury units, 81% green spaces, top-tier amenities, and a Marriott Bonvoy partnership offering Gold Elite status.
- Margins plans to invest $50.7 million by 2025, with the ZIA project set to reshape Egypt’s real estate landscape.
Margins Development, a property developer led by Egyptian tycoon Mohamed El Aasar, has launched a $304-million Sheraton Hotel residential resort in Mostakbal City, Cairo.
The 35-feddan project marks the developer’s entry into luxury residential and hospitality. It combines high-end living with hotel-style services to meet the growing demand for premium developments in Cairo.
El Aasar, chairman of Margins Development, described the project as a key milestone in moving into upscale market segments.
Exclusive resort focuses on green spaces
The resort offers 190 luxury units focused on privacy and sophistication, with 81% green spaces, top-tier dining, entertainment, retail, and hotel-style pools. An exclusive Marriott Bonvoy partnership gives property owners two years of Gold Elite status.
El Aasar noted that the company, launched in 2021 with EGP1.5 billion ($30.4 million) in investments, is near Cairo’s major hubs. The project is Egypt’s first business complex with WELL certification from the International WELL Building Institute.
The company is also running promotions for its Oaks Egypt hotel in the New Administrative Capital, a EGP3.5 billion ($71 million) project launched in 2022, marking Egypt’s debut of the Oaks brand by Minor Hotels. New real estate projects are set to launch in Q4 2024.
Margins to invest $50.7 million by 2025
Margins Development, founded in 2020, aims to integrate sustainable, human-centric design into every project. The company has quickly emerged as a leader in Egypt's real estate market.
Under Mohamed El Aasar, Margins has completed more than 130 projects, including 22 schools for the Egyptian General Authority for Educational Buildings, 40 residential developments in Greater Cairo, and 38 luxury towers and villas in the Delta region.
Margins plans to invest EGP 2.5 billion ($50.7 million) by 2025. The upcoming ZIA project, set for completion in mid-2025, is poised to further reshape Egypt’s real estate landscape, solidifying the company’s role in the country’s urban transformation.
