
Aayan Developments officially launches Operations in Egypt and unveils its first project 'dǎoda Towers' in the New Administrative Capital
During the press conference, Eng. Mohamed Hegazi, Chairman of Aayan Developments, stated:
'Entering the Egyptian market was not just an expansion decision — it is part of a long-term strategic commitment to a market we truly believe in. We bring decades of executional expertise from Kuwait and the Gulf, and with dǎo Towers, we aim to deliver a distinct model based on innovation, quality, and structured governance.'
He emphasized that the project is a direct reflection of Aayan's philosophy, which views real estate development as more than construction — encompassing planning, operations, value creation, and a holistic user experience. He further noted that the company is preparing to launch a series of upcoming projects across various regions of Egypt as part of its national expansion roadmap.
Eng. Rami Hegazi, CEO of Aayan Developments, highlighted that choosing MU-12 on the Bin Zayed Axis as the location for the company's first project in Egypt was no coincidence, but the result of an in-depth analysis of prime real estate positioning within the New Administrative Capital.
'dǎo Towers is not just strategically located with panoramic views of the Green River and the Iconic Tower — it's a fully integrated project in every detail, from the variety of unit types including offices, retail spaces, clinics, and a luxury hotel, to an operational experience enhanced by artificial intelligence.'
He noted that the project will include several firsts in the capital, including the largest digital advertising screen on Bin Zayed Axis, the largest rooftop infinity pool overlooking the city's landmarks, and the largest open festival and event plaza within an integrated development — all of which enhance the project's investment, commercial, and lifestyle value.
Eng. Ahmed Hegazi, Executive Director of Aayan, affirmed that the company entered the Egyptian market fully aware of the scale of the challenges, and accordingly built its internal structure on robust administrative and organizational foundations that align with its ambitious expansion plans.
'From the beginning, we adopted a flexible and scalable institutional structure. We developed an operational system that merges human expertise with advanced technologies. Artificial intelligence is not just a technical feature for us — it's a core part of our operational DNA, whether in energy and facilities management, smart customer services, or real-time performance analysis.'
To realize this vision, Aayan collaborated with a select group of leading advisory and planning entities, including MTA (led by Eng. Mohamed Talaat) for architectural design, ACE (Moharram - Bakhoum) for engineering consultancy, Al Hosny Consulting (Eng. Osman Ramadan) for structural detailing, as well as partnerships with AWI for strategic business planning and institutional structuring, ETQAN for market research and financial feasibility, AK Consulting for organizational development, and Pragma Innovations for creative design.
The company's board members emphasized that dǎo Towers is not just a strong market entry, but a bold statement of a new type of developer — one that places methodology, governance, and smart systems at the heart of its developments. They concluded the conference by reaffirming that this project is just the beginning of a series of future developments that will introduce a new model of real estate development in Egypt, grounded in quality, smart transformation, and structured growth built on strong partnerships and deep expertise.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


UAE Moments
an hour ago
- UAE Moments
Top Reasons to Invest in Dubai Real Estate for Great Returns
Dubai has established itself as a global hub for real estate investment due to its dynamic economy, luxurious infrastructure, and investor-friendly practices. In this article, we explore the top reasons why investing in Dubai real estate is a smart financial decision. 1. Tax-Free Environment Dubai offers a unique advantage with its tax-free environment. Unlike many countries, there are no income taxes, capital gains taxes, or property taxes in Dubai. This allows investors to maximize their returns without tax deductions eating into their profits. 2. Booming Economy Dubai's economy is flourishing, with key industries like tourism, logistics, trade, and financial services driving growth. The World Bank has projected 4.1% GDP growth for the UAE by 2025, reinforcing investor confidence in Dubai's stable and growth-oriented real estate market. 3. Safe and Stable City Dubai is internationally recognized for its safety and political stability. The secure environment and efficient legal system make it highly appealing for investors seeking a reliable and risk-free market. 4. Growing Population Dubai's population is consistently increasing, creating strong demand for housing. With a current population growth rate of over 100,000 new residents annually, this upward trend supports steady growth in property sales prices and rental values. 5. Strong Rental Market The rental market in Dubai is highly competitive due to the city's growing population and influx of professionals. This ensures steady demand for rental properties, offering lucrative yields for investors. 6. Thriving Tourism Industry Dubai is a top destination for global tourism, attracting millions of visitors annually. The thriving tourism sector opens opportunities for holiday home investments and short-term rentals, while stimulating economic growth and infrastructure developments. 7. Strong Return on Investment Investing in Dubai real estate offers excellent prospects for capital appreciation and rental yields. Whether purchasing properties with cash or financing through mortgages, investors can expect high returns due to the city's strong market performance. 8. Competitive Property Prices Compared to other global cities like New York and London, real estate in Dubai remains highly affordable. Competitive prices paired with luxurious amenities make Dubai's property market an attractive option for investors worldwide. 9. World-Class Infrastructure Dubai boasts cutting-edge infrastructure, including advanced transportation systems, healthcare facilities, schools, and technology networks. Government initiatives for becoming a Smart City further enhance Dubai's appeal, ensuring continued property value growth. 10. Various Visa Options Investing in Dubai real estate can serve as a pathway to long-term residency. Investors can secure Golden Visas of up to 10 years, offering benefits like family sponsorship and no minimum stay requirements. 11. Strategic Location Dubai's central location connecting Europe, Asia, and Africa, alongside its world-class airport with direct routes across the globe, makes it a business and travel hub. This accessibility further boosts its appeal for real estate investors. 12. Regulated Market Dubai's real estate market is governed by regulatory bodies like the Dubai Land Department (DLD) and the Real Estate Regulatory Agency (RERA). These ensure transparency and fairness, safeguarding investors' interests in the market. 13. Flexible Payment Options Dubai offers flexible payment options for property buyers, including cash purchases, mortgages, and payment plans for off-plan properties. Investors can choose structured payment plans, post-handover plans, or tailored financing solutions to suit their needs. 14. Innovative Developments Dubai is at the forefront of architectural innovation, with new projects emphasizing sustainability, wellness, and smart technology. Investing in these forward-thinking developments ensures long-term value and higher returns for buyers. Best Areas to Invest in Dubai Real Estate If you're considering investing in Dubai, selecting the right area is crucial to maximize returns. Below are some of the top investment destinations in the city: Downtown Dubai: Home to iconic landmarks, luxury apartments, and vibrant lifestyles. Dubai Marina: A waterfront neighborhood boasting high-rise apartments and entertainment options. Palm Jumeirah: The world-famous man-made island with luxurious properties and sea views. Jumeirah Lake Towers (JLT): A bustling residential and commercial area known for modern living spaces. Jumeirah Village Circle (JVC): An affordable yet stylish community featuring apartments and villas. Business Bay: A premium business district blending upscale residential and commercial properties. Dubai Hills Estate: A family-friendly community offering luxury properties alongside amenities like a golf course and shopping mall. The Future of Dubai Real Estate Dubai's real estate sector is poised for growth and innovation. Here are some insights into what the future holds:


Khaleej Times
9 hours ago
- Khaleej Times
Elevate & Ennismore partner to bring $500 million Mondrian Beachfront Residence to Al Marjan Island
ELEVATE, the visionary lifestyle real estate brand launched in the UAE by global development firm One Group and Ennismore, the fastest-growing lifestyle and leisure hospitality company, has signed an agreement to introduce the region's first-ever beachfront Mondrian residences in the UAE. The landmark $500 million project will be situated on the rapidly growing Al Marjan Island, marking a pivotal moment in the evolution of branded living experiences on the island and in the region. The grand opening is anticipated to be in Q4 2028. The signing took place between Zeeshan Shah, Founder & Chairman, ELEVATE and Louis Abboud, Regional Head of Lifestyle Collective IMEAT, Ennismore, in the presence of Arch. Abdulla Al Abdouli, CEO of Marjan. This partnership unites the strengths of two globally respected leaders, collaborating to champion bold design, authentic community experiences, and purposeful living. ELEVATE is setting new benchmarks for intentional and design-forward living. Ennismore is a powerhouse in luxury lifestyle hospitality, comprising a collective of 16 globally celebrated brands and two F&B groups—including Delano, SLS, 25hours Hotels, SO/, and Rikas—as well as over 500 restaurants and bars. Commenting on the signing, Arch. Abdulla Al Abdouli, CEO of Marjan said: 'We are delighted to welcome the Mondrian Residences to Al Marjan Island as part of our ongoing commitment to elevating Marjan's global stature, which is increasingly being famed as a lifestyle-led development. This collaboration between ELEVATE and Ennismore adds a new layer of depth and creativity to our growing portfolio of branded residences on the island. We are proud to welcome Mondrian Beach Residences to Al Marjan Island, which is slated to mark a global expansion for the hospitality giant, showcasing the draw and relevance of Marjan today'. With this project, ELEVATE reaffirms its long-term commitment to the UAE, supported by a $1 billion development pipeline scheduled for the next 12 months. Zeeshaan Shah, Chairman of One Group and Founder & CEO of ELEVATE, said: 'We're very proud to be bringing the first-ever beachfront Mondrian residences to the UAE in collaboration with Ennismore. We carefully selected Mondrian for this location as the brand is the epitome of what Marjan Island is becoming. Renowned for being at the forefront of lifestyle, art and culture, Mondrian's are icon's in every city they're in whether it's Los Angeles, Cannes or Ibiza and this will undoubtedly be the icon of Marjan Island'. The Mondrian Al Marjan Island Beach Residences will deliver a five star hospitality-infused residential experience, featuring private beach access, signature design elements, wellness-centric amenities, and curated cultural programming. Mondrian is one of Ennismore's most iconic brands, celebrated for its progressive edge in art, fashion, and urban living. With flagship properties in cities such as Los Angeles, Mexico, Ibiza, Doha, Singapore, and Seoul, Mondrian's branded residential arrival in the UAE signals a new era for luxury beachfront living. Louis Abboud, Regional Head of Lifestyle Collective IMEAT at Ennismore, said, 'We are excited to introduce this new and exciting Mondrian residential project to the UAE in collaboration with ELEVATE. Mondrian is a symbol of creative expression, and Al Marjan Island provides the perfect canvas. This development will bring our signature energy to a thriving new destination and redefine what modern beachfront living can feel like.' Backed by a global real estate transaction record exceeding $2.5 billion, One Group's expansion into the UAE via ELEVATE is not just strategic - it's personal. Shah, who began his career in the UAE nearly two decades ago, sees the country as a natural extension of the Group's lifestyle-driven ethos. For ELEVATE, this launch is only the beginning of the UAE chapter. With several projects in the pipeline across the UAE, the brand is poised to redefine success and luxury, not by excess, but through purposeful design, community, and well-being. Shah said: 'This partnership marks our development debut in the region, and we are proud to start by setting a new benchmark in branded beachfront living. I'm deeply grateful to the trusted partners and supporters who stood by this vision from the start - your belief and commitment have been paramount in bringing it to life.' Ennismore's branded residential properties, including Mondrian Al Marjan Island Beach Residences, are supported by Accor One Living, an industry-first 360° platform focused on developing, designing, and operating mixed-use projects and branded homeowner communities. Through Accor One Living, homeowners, guests, and partners are connected to Accor's diverse ecosystem of brands, expertise, and solutions, creating a constant flow of new opportunities to live, work, and play.


Arabian Business
9 hours ago
- Arabian Business
UAE announces new mortgage procedures
The UAE has announced new mortgage plans to slash bureaucracy and support real estate efficiency. In a move toward seamless government services in the UAE, the Ministry of Energy and Infrastructure (MoEI) held its inaugural Customer Council meeting to overhaul the mortgage release procedure following loan repayment. The initiative—part of the Ministry's Smart Government agenda—brings together federal and local authorities, the Emirates Development Bank, and end-users to pinpoint bottlenecks and co-design a streamlined process. UAE mortgage procedures Council participants identified key hurdles that traditionally burdened homebuyers: Multiple required visits to various entities Inconsistent document checklists across emirates Lack of digital integration, prolonging case closures Under the new model, piloting in Ajman before nationwide rollout, all direct debit cancellations will be automatically processed by Emirates Development Bank as soon as a loan is cleared. Physical trips to collect loan guarantees are eliminated in participating emirates, and digital connectivity between MoEI, Emirates Development Bank, and Ajman's Department of Land and Real Estate Regulation ensures instant notifications once transactions finalise. These combined enhancements shrink the service timeline from several days to just one working day from repayment. In concrete terms, customers will no longer need the previous six documents nor make the five visits once deemed unavoidable—achieving a 100 percent reduction in procedural steps. Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at MoEI, said: 'The Customer Council meeting aligns with the UAE Government's vision of building flexible and smart government services that place the customer at the heart of improvement and development. 'It reflects our commitment to involving customers in decision-making and enhancing transparency. The proposed solutions today are based on actual needs that have been identified and analysed within the framework of the Government Accelerators. 'We believe that achieving zero bureaucracy can only be realised through digital integration, streamlined procedures, and the elimination of unnecessary requirements—goals we have already begun to achieve through this initiative. 'The Ministry will continue working with its strategic partners to translate the outcomes of this council into concrete, actionable improvements that enhance customer satisfaction and elevate the UAE's global rankings in government service efficiency.' Echoing this, Mohammed Bin Taliah, Chief of Government Services of the UAE Government, noted that the mortgage release service after loan repayment represents a significant leap in the level of integration between federal and local entities. Omar bin Omair Al Muhairi, Director-General of the Department of Land and Real Estate Regulation in Ajman, stated that participation in the first customer council on mortgage release procedures comes as part of the strategic partnership with MoEI and in continuation of joint efforts to shape the future of the real estate sector and enhance the efficiency of government work through proactive service packages that keep pace with rapid development.