Gates Developments Launches Second Phase of 'Lyv Ceaser' in Egypt's Ras El Hekma
Egypt - Gates Developments has officially launched the second phase of its flagship North Coast project, Lyv Ceaser, located in the sought-after Ras El Hekma area at kilometer 200. With a total investment surpassing EGP 2 billion in 2025, the second phase introduces three distinct zones: 'Bliss' in the sub-lagoon area, 'Shore' on the main lagoon, and 'Muse,' a dynamic district set just behind the waterfront.
Spread across 206 acres, Lyv Ceaser has become a key pillar in Gates Developments' strategy to tap into Egypt's growing coastal tourism and residential sectors. The second phase alone is expected to generate EGP 12 billion in sales, building on the remarkable success of the first phase, which achieved over EGP 9 billion in contractual sales since its launch last year.
'We are committed to delivering projects that meet the evolving aspirations of our clients,' said Hassan Nasr, CEO of Gates Developments. 'Lyv Ceaser reflects our vision of creating integrated, lifestyle-oriented communities in prime locations. This project also aligns with Egypt's national goals to position Ras El Hekma as a leading tourism and investment hub on the North Coast.'
Nasr highlighted that the launch of the second phase is a natural progression following the trust and demand demonstrated by clients during the first phase. The upcoming phase will offer a wider variety of units featuring updated designs and enhanced amenities.
Construction is expected to begin promptly upon permit approvals, with delivery schedules aligned to the project's timeline. Lyv Ceaser stands out with its panoramic views of the Mediterranean, a 400-meter private beach, over 55,500 square meters of lagoons, multiple swimming pools, children's play areas, a gym, restaurant, health club, and expansive walkways — all designed to international standards. Residential options include chalets, villas, and townhouses ranging in size from 85 to 280 square meters, with most units offering direct sea views.
Further enhancing the project's appeal, Gates Developments recently unveiled a luxury serviced apartment offering within the 'Lyv Boutique' Hotel, managed by a leading hospitality firm. Designed in partnership with 'Studio Five,' the development includes 32 beachfront cabins, providing upscale, fully serviced living for year-round residents and tourists.
'Ras El Hekma is no longer just a summer escape,' added Nasr. 'It's evolving into a year-round destination for living, leisure, and investment. With Lyv Ceaser, we are proud to contribute to this transformation.'
The project forms part of Gates Developments' broader investment strategy, which spans residential, commercial, and hospitality projects across East and West Cairo. The company's total investments exceed EGP 71.2 billion, underscoring its ambition to play a key role in shaping the future of Egypt's real estate sector.
© 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
Gulf Business
2 hours ago
- Gulf Business
Abu Dhabi: ADGM assets under management show 33% YoY rise in Q1
Image: ADGM Abu Dhabi Global Market (ADGM) has recorded a strong start to 2025, posting significant year-on-year growth across its ecosystem in Q1, as investor confidence and international interest in the UAE capital's financial centre remain high. Backed by major regulatory developments, global engagement and jurisdictional expansion, 'ADGM's Q1 2025 performance marks the beginning of another landmark year,' said Ahmed Jasim Al Zaabi, chairman of ADGM. 'This is not just a reflection of ADGM's capabilities to deliver sustained growth, but also the trust it has gained among global and regional institutions. 'ADGM continues to expand and diversify with purpose, welcoming leading firms, deepening international partnerships, and driving digital and sustainable transformation across sectors.' At a glance: ADGM's key growth areas in Q1 Assets under management (AUM): AUM grew 33 per cent from Q1 2024. A total of 119 fund and asset managers now manage 184 funds. Licences: The number of new licences issued increased by 67 per cent year-on-year. Entities: Operational entities surged 43 per cent to 2,781. Financial services entities rose 26 per cent to 367. Workforce: More than 29,000 people are now employed on Al Maryah Island, up 17 per cent from the previous year. Work permits: 3,509 new work permits were issued for businesses establishing on Al Reem Island. Expanded international presence and strategic engagements In January, an ADGM delegation attended iConnections Global Alts in Miami, held bilateral meetings in New York and Washington, and joined a panel titled 'Abu Dhabi: The Capital of Capital'. In February, ADGM participated in a high-level UAE-China delegation led by ADDED, supporting efforts to deepen bilateral economic ties. In April, ADGM conducted nearly 30 strategic meetings in Japan with institutions focused on private banking, wealth management and family businesses. Al Reem Island integration and new incentives More than 600 new businesses established on Al Reem Island and 500 existing firms migrated to ADGM licensing during Q1. ADGM revised its fee structure in January, slashing commercial licence fees by 50 per cent or more for non-financial and retail businesses. A flat licence fee of Dhs1,000 was introduced to boost SME access. Digital and blockchain developments In March, ADGM signed an MoU with Chainlink to enable compliant tokenisation frameworks. Stacks Asia and Bitgrit joined ADGM under its DLT Foundations framework. ADGM launched an all-in-one mobile app offering compliance tools, licence renewals and regulatory updates. A new digital real estate platform was introduced, enabling fully virtual sale and purchase transactions. Read: Focus on sustainable finance The Abu Dhabi Sustainable Finance Declaration reached 170 signatories, including Aquila Capital, Century Financial, Oryx Global Partners, PwC and Olive Gaea. The initiative continues to promote ESG integration in the region's financial sector. Human capital and UAE National empowerment ADGM Academy created 800 job placements for UAE Nationals across nine career tracks. Signed strategic MoUs with Arab Youth and the Federal Tax Authority to support upskilling in technology and finance. Published six research papers on the impact of AI in the UAE financial sector via the ADGMA Research Centre. As the financial centre continues its expansion and regulatory innovation, it expects further growth in 2025, particularly from financial markets in Europe and Asia.
Zawya
17 hours ago
- Zawya
Liberia: President Boakai Inaugurates US$1.4 Billion ArcelorMittal Concentrator Plant in Nimba County
President Joseph Nyuma Boakai, Sr. has officially inaugurated the US$1.4 billion Concentrator Plant at the Mt. Tokadeh Mining Site in Nimba County, operated by ArcelorMittal Liberia. The facility represents one of the largest private sector investments in Liberia's postwar history and signals a renewed era of industrial development, job creation, and economic transformation. The President's visit included a guided tour of the newly completed facility which is scheduled to begin full operations later this month. The plant, originally initiated in 2012, was paused due to the 2014 Ebola crisis. Construction resumed in 2021, integrating modern technology and updated engineering designs. Speaking at the ceremony, President Boakai welcomed the launch as a strong vote of investor confidence in Liberia's stability and future. 'This level of investment is a testament to the growing confidence in the security and wellbeing of our state, and in the positive direction of our investment climate,' President Boakai remarked. He furthered, 'We are proud to witness this expansion—an achievement that touches the lives of our people and represents progress not just in infrastructure, but in human capacity and national pride.' The Project has already created over 5,000 construction jobs and is expected to generate 1,000 permanent positions. The Liberian Leader emphasized that the economic impact of such investment is far-reaching. 'This brings great relief to our economy. It's not just about the scale of capital—it's about the thousands of lives being touched, families being supported, and skills being developed,' the President noted. He commended ArcelorMittal Liberia for its vision and resilience, urging the company to continue advancing its additional investment commitments, including the Railway Expansion, Port Enhancement, and Power Plant Installations. 'We commend ArcelorMittal Liberia for this bold and courageous step, and we encourage continued momentum in all aspects of the company's investment roadmap,' President Boakai said. 'These projects are essential to deepening Liberia's integration into global value chains and unlocking long-term benefits for our people,' he intoned. He also emphasized the importance of Corporate Social Responsibility (CSR) and encouraged the company to expand its support in areas such as education, healthcare, and local commerce, reinforcing the mutually beneficial nature of sustainable development. 'No doubt, a project of this magnitude must enrich the corporate social responsibility envelope,' he said, adding, 'Our communities must feel the impact not just in employment, but in schools, clinics, and markets.' President Boakai concluded by extending appreciation to all stakeholders, particularly the engineers, workers, and community members who contributed to the Project's realization. He reaffirmed the Government's commitment to honoring agreements and ensuring a stable environment for investment. 'We want to assure you that the benefits of this Project will be realized by our people,' he said. 'We do not want any disruptions. We are committed to seeing this through—for the good of Liberia and the future of our younger generation,' he said. Distributed by APO Group on behalf of Republic of Liberia: Executive Mansion.
Khaleej Times
19 hours ago
- Khaleej Times
UAE: How to own a stake in property for as little as Dh500
Buying property in some parts of the UAE has become out of reach for many people, but there are solutions. One option is to buy a portion of the space instead of the whole thing. This is known as fractional ownership and thanks to technology, it has become cheaper and more transparent. Companies like Stake and SmartCrowd offer investors the chance to buy small stakes in properties from around Dh500. For example, Stake currently has six properties available to invest in, including a one-bedroom apartment in Downtown Dubai, with a projected net yield/income of 5.1 per cent. Recently, we saw the launch of a new type of fractional property ownership called real estate tokenisation. When you buy a portion of a property, it's recorded on the blockchain, and you get a digital token to prove ownership. The platform is called Prypco Mint and it's a collaboration between property company Prypco and the Dubai Land Department (DLD). Matt Blom, co-founder at Tokinvest, said: 'Fractional ownership opens the doors of real estate investing to a broader, more diverse pool of investors. Traditionally, property investment required significant capital and often came with geographic or legal barriers. But with fractional models, especially those powered by blockchain and tokenisation, investors can access high-quality, income-generating assets at a fraction of the cost.' Prypco Mint's first listed property — a two-bedroom apartment in Damac Prive Tower in Dubai's Business Bay — was fully funded within a day. It attracted more than 200 investors from over 40 nationalities, with an average investment of Dh10,714. Following the platform's strong debut, multiple developers have shown interest in listing their properties. The platform currently has a waiting list of more than 6,000. How it works Through the Prypco Mint platform, investors can buy small shares, or fractions, of premium Dubai properties, with a minimum investment of Dh2,000. These shares, which are in the form of digital tokens, can earn returns through both rental income and rising property values. At the moment, the scheme is only open to UAE residents with an Emirates ID, but there are plans to open it up to international investors in the future. All transactions are done in UAE dirhams and no cryptocurrency is involved during this trial phase. Investors will get full access to detailed information about the properties, including pricing, risks, and minimum investment amounts. Toby Young, a Dubai-based digital assets strategist, said: 'The scheme is aimed at anyone and everyone assuming they meet the minimum investment criteria. The idea behind fractionalising real estate is to democratise ownership and make assets available to everyone, not just the select few.' Raising the Stakes The DLD/Prypco pilot scheme is along the same lines as that of Stake, a private company that was set up in 2021 and which has been at the forefront of fractional property ownership. It allows people to invest as little as Dh500 to own a fraction of a property. It has already funded more than 400 properties worth more than Dh1 billion in transactions. Rami Tabbara, co-founder and co-CEO at Stake, said that fractional ownership can often be a difficult concept to explain to people. 'It's a new concept for many. People naturally associate real estate with full ownership, large sums of money, and mountains of paperwork. But when we explain it as buying shares in a property, just like you'd buy shares in a company, it starts to make sense.' On Stake's app, there are only six properties currently available to invest in. Why such a low number? 'We prioritise quality over quantity. Every property goes through a strict underwriting process, and only the best listings and the best yielding opportunities make it to Stake,' Tabbara explained. Returns Stake's yearly investment returns average around 10 per cent, but this drops to a projected net yield (after costs have been taken into account) of around 5 per cent a year. Stake said it has been in active discussions with both the DLD and Dubai's digital assets regulator VARA to align its platform with the new regulatory framework around tokenised real estate. Tabbara expects his company to participate in the second phase of the pilot programme, which is scheduled to go live in the second half of this year. DLD said $16 billion (Dh58.7 billion) worth of real estate could be digitised by 2033. What about the DLD/Prypco pilot project's returns? The first property offered was sold at a discount to attract buyers, which equates to a higher yield. Returns on future properties will depend on the selling price, usage of the property, and whether it is a short- or long-term rental. 'That said, typical net yields are between 6-8 per cent after the aforementioned has been taken into account. I would expect similar new returns, with a few outliers above and below that range,' Young added. Investors also need to bear in mind that there may be a lock-up period for their investment. Innovation Dubai is making a name for itself as a leading crypto and blockchain hub, along with being a pioneer of real-world asset (RWA) tokenisation of property. The Prypco and DLD property platform means that a young professional in Dubai can invest in a prime villa or luxury apartment without the complexity or cost of full ownership. 'This isn't just innovation for innovation's sake. It's a structural shift in how wealth can be built and shared,' added Tokinvest's Blom. 'Fractional investment creates liquidity, flexibility, and access, which have been barriers in traditional real estate investing. With lower entry points, more people can participate, which in turn leads to (hopefully) increased capital flow into the sector.' The launch of the government-backed real estate tokenisation project and the success of platforms like Stake show the huge demand for this type of innovative property ownership. But as more properties are bought up by companies for fractional ownership, it could lead to higher prices in the property market. 'It's a valid concern, and one we take seriously. When more capital flows into real estate, demand can increase, which could potentially put upward pressure on prices. But it's important to look at the bigger picture,' said Blom. 'The goal isn't to inflate markets, it's to broaden access and enable more efficient use of property assets. If managed responsibly, tokenisation and fractional investing can help smooth the peaks and valleys of global real estate, not exacerbate them.' Vanessa Bayma, the founder of CBC Consultancy and Events, has invested in two fractional properties using Stake. Currently, she is getting a 6 per cent return with rental income. 'We were interested in crypto investing but found it volatile. And didn't have enough money to own properties outright,' she explained. She is interested in making more fractional property investments. 'Sometimes people are bedazzled by short-term investments such as crypto or volatile stocks. My father always said that real estate is the safest investment. Granted, we can't afford to buy full properties, but this style of investment allows us to diversify.'
