Al Mirage Developments Projects in Egypt

About Al Mirage Developments

Al Mirage Developments is led by Dr. Mohamed Selim, a member of the House of Representatives and chairman of Future FC. The company has chosen a clear direction: projects in prime spots in the new cities, such as Mohamed Bin Zayed Axis and the Green River in the New Capital, combined with international hotel brands, as its agreement with Hilton on its flagship project shows. It says it relies on panoramic glass designs and modern building technology.

Projects carrying a global hotel brand work differently in operation and pricing, so you need to understand the developer-brand relationship before buying.

What to understand before buying in Hilton Tower

The key question for any hotel-branded project is what exactly Hilton's role is. Will it manage the tower or part of it, or is the name mainly for marketing? Ask for written details on the length of the management agreement and what happens if it ends, since that directly affects your unit's value.

Hotel-managed units usually carry higher service charges than standard ones, so ask about expected annual fees and how they are calculated. If you are after rental income, find out whether there is a rental program run by the operator and what share of the rent management takes.

When contracting with this Al Mirage developer, check the handover date and late-delivery penalty, compare the price per square meter with other towers in the same area, and ask for the permit and the unit's licensed use.