Dalia El Kordy to Osoul Misr at London Nile Property Expo: EGP 20bn sales targeted for Marriott Residences Heliopolis, with 70% achieved so far

• Expansion plans under study for new developments on the Red Sea and along the Nile in Cairo

• First-phase handovers at Marriott Residences Heliopolis, Cairo set to begin
• Full project delivery targeted by 2028, with 2,000 hotel units
• Construction progress reaches 60%, with first-phase operations scheduled for next September
• Egypt’s real estate market remains resilient, with sustained demand for property

Dalia El Kordy, Chief Commercial Officer of A Capital Holding, revealed in exclusive remarks to Osoul Misr on the sidelines of the 20th edition of Nile Property Expo in London that the company will begin handovers of the first phase of Marriott Residences Heliopolis, Cairo, with full project delivery scheduled for 2028.
She noted that the development is scheduled to begin operations in September 2026 and is the largest project managed by Marriott International, comprising 2,000 hotel units.

El Kordy added that the company has completed around 60% of total construction works. The development is being delivered as six separate towers, each with its own independent services.
She said the company is targeting total sales of EGP 20bn from the project, 70% of which has already been achieved.
Distinctive Features
She added that the development offers a fully integrated branded residential experience, including concierge, room service, and housekeeping services.
The project also features a fully equipped rooftop sports club comprising three swimming pools, five gyms, a running track, and padel courts, as well as a clubhouse, all designed to deliver the highest standards of luxury living for residents.
The development spans 27,000 sq m and comprises six interconnected towers, each offering independent hospitality services.
The development offers a diverse range of units, including one-, two-, and three-bedroom apartments, catering to a broad base of local and international buyers. The project features a frontage spanning 192 metres.
El Kordy added that the price per square metre at the project’s initial launch in 2022 was EGP 40,000, compared with EGP 180,000-230,000 currently, representing an increase of 475%.

Expansion Plans

El Kordy said the company is studying expansion into similar developments across several locations currently under evaluation, with particular interest in the Red Sea and the Nile waterfront in Cairo.
Regarding participation in international exhibitions, she said the company remains committed to maintaining a presence at Nile Property Expo and has participated in multiple editions in different countries, achieving strong sales driven by the project’s distinctive positioning and robust demand.
She added: “Our participation in Nile Property Expo represents an important opportunity to engage with investors and showcase the distinctive residential experience offered by Marriott Residences Heliopolis, which combines world-class hospitality standards with exceptional real estate value.”
She explained that buyers increasingly prioritise quality, as well as strong management and operational standards that ensure the highest possible investment returns.
El Kordy stressed that Egypt’s real estate market remains resilient, with demand continuing despite global political and economic challenges. She noted that this resilience was evident during recent periods of instability, including the Russia-Ukraine war, the war in Gaza, and most recently the conflict involving Iran.
She explained that while the Egyptian market may experience temporary slowdowns during periods of heightened uncertainty, sales momentum typically rebounds quickly.
El Kordy also underscored the importance of establishing a clear regulatory framework for both the real estate market and the property marketing sector, stressing the need for effective oversight mechanisms that protect buyers and developers while safeguarding the state’s interests.