Seldar Misr Projects in Egypt

About Seldar Misr

Seldar Misr Real Estate Development was founded in 2007 and operates through eight wholly owned subsidiaries, including First Arabian Hotels and Resorts, Gulf Construction and Development, Al Samariya for Development and Real Estate and Tourism Investment, Sniar Tourism and Delta Tourism and Hotels. That structure explains why its name is tied to hotels and malls as much as to housing.

The company's record also includes the First Residence complex home to the Four Seasons Cairo, First Mall, the Hilton Alexandria Corniche, and in Hurghada the Hilton Plaza and City Center mall.

Before you buy a hotel-managed home

Branded, hotel-managed units such as Al Jazi Marriott Residences follow different math from a regular apartment. Ask in detail which services you get, what the yearly service charge is, and whether it is fixed or rises each year, since it is usually well above standard compound fees.

Find out whether the hotel operator runs a rental program if you decide to lease, and what share of the income goes to the owner. If you prefer a traditional family home, Al Jazi Gardens may suit you better. Either way, since the company has long experience with hotels and malls, visit one of its operating properties and judge the management yourself.