Africazine:
A new serviced apartment project in Egypt aims to transform urban living in New Cairo.
Pioneers Properties for Urban Development (PRE Group) has launched “Collage,” a serviced apartment project targeting 12 billion EGP in sales. The development will feature 490 fully integrated units, set to be delivered by 2030, and aims to enhance the real estate landscape in line with Egypt’s tourism vision.
New Cairo’s “Collage” Project Overview
“Collage” is strategically located within the Golden Square of the “Ivoire East” compound, spanning 20 acres of land. The design prioritizes green landscapes and interconnected water features, creating a tranquil residential environment. The project includes pedestrian pathways and underground parking to enhance accessibility and comfort for residents.
The serviced units will range from studios to duplexes, all fully finished with air conditioning, ready for immediate operation upon delivery. This initiative reflects a commitment to modern living standards in urban settings.
Metrics Section: Egypt: Key figures on Collage Project
- 490 fully integrated serviced units
- 12 billion EGP in sales target
- 20 acres of development area
- 104-acre “Ivoire East” development
- Delivery by 2030
- “ZAG” complex operations starting in 2028
Strategic Goals for Real Estate Development
The project is designed to diversify hotel offerings and enhance the investment value of real estate in Egypt. Waleed Zaki, the Founder and CEO of PRE Group, emphasized the importance of this development in boosting tourism. Plans are also in place to introduce an international hotel brand to the project, further elevating its profile.
Additionally, the adjacent “ZAG” commercial and administrative complex is set to begin operations in 2028, ensuring that residents will have immediate access to retail, dining, and other amenities as soon as they move in.
Next Steps for the “Collage” Project
- Completion of “ZAG” complex by 2028
- Delivery of “Collage” units by 2030
- Introduction of an international hotel brand in the future
Egypt’s “Collage” project is poised to redefine urban living and enhance the real estate market.
