Squares Developments Launches “Sage Lakes Residence” in Egypt’s New Administrative Capital with EGP 15 Billion Investments
Company targets to expand its investment portfolio to EGP 22 billion amid growing confidence in Egypt’s real estate market
In a move that underscores its confidence in Egypt’s real estate sector and the New Administrative Capital as a premier investment hub, Squares Developments has announced the launch of its third flagship project, “Sage Lakes Residence,” with total investments amounting to EGP 15 billion
The new development, located in the R8 district of the New Administrative Capital, aligns with the company’s strategic expansion plan to diversify its investment portfolio and strengthen its position among Egypt’s leading developers
Confidence in the New Capital’s Investment Appeal
Eng. Talaat Gorgous, Chairman of Squares Developments, stated that the New Administrative Capital has, over the past years, demonstrated its ability to attract major investors and developers, supported by its robust infrastructure, advanced urban planning, and consistent government backing — all of which make it a prime destination for long-term real estate investment
He added that “Sage Lakes Residence” marks a significant milestone in the company’s growth journey, featuring a strategic location, innovative architectural design, and partnerships with reputable industry leaders. “This project further reinforces our position as one of Egypt’s most trusted and customer-focused developers with a strong record of delivering premium real estate projects,” Gorgous said
He also revealed that the company plans to launch a new project on Egypt’s North Coast, continuing its ambitious expansion and diversification strategy, supported by a solid financial foundation and an experienced management team
Distinctive Design and Integrated Lifestyle
Eng. Hany Gorgous, Vice Chairman of Squares Developments, noted that Sage Lakes Residence spans approximately 33 acres in a prime area of R8, directly facing a large service zone and close to a sports club and a university
He emphasized that the company is collaborating with leading firms, including Hafez Consultants and the International Project Management Company, to deliver a fully integrated real estate product that meets the highest standards of innovation, quality, and sustainability
“The project reflects our attention to every detail of design and execution,” Hany said, “ensuring a distinctive development that upholds our legacy and reputation for excellence”
Comprehensive Living Experience
Eng. Haron Abd Elghany, Chief Commercial Officer (CCO) of Squares Developments, explained that Sage Lakes Residence offers a diverse range of units, from studios and duplexes to villas, with areas reaching up to 258 sqm
The compound features a dedicated villas zone surrounding large artificial lakes, a mosque, and a church — embodying community cohesion and national unity, in line with the Egyptian state’s vision
He added that the project includes a commercial complex housing administrative offices, medical clinics, a pharmacy, and essential family services, complemented by multiple amenities such as clubhouses, rooftop lounges, saunas, jacuzzis, and ample parking spaces, delivering a premium lifestyle for two generations of homeowners
Abd Elghany revealed that the first phase of the project is being launched with down payments starting at just 2.5%, and flexible payment plans extending up to 10 years, designed to balance client satisfaction and company sustainability
He added that the company’s commercial team conducted extensive market research to tailor payment systems aligned with client needs
The CCO also highlighted that Squares Developments aims to grow its investment portfolio to EGP 22 billion in the near term, supported by its strong financial position and the favorable investment climate that continues to attract serious developers to Egypt’s evolving real estate landscape
Design Excellence and Strategic Collaboration
Eng. Mina Maher, Board Member of Squares Developments, stated that Sage Lakes Residence represents a fully integrated residential and urban community that blends luxury, comfort, and convenience. The company targets EGP 5 billion in sales from the project’s first phase, with construction scheduled to begin in the first quarter of next year
Maher emphasized that execution quality, timely delivery, and customer satisfaction remain central to the company’s operational philosophy and ongoing market leadership
Eng. Mohamed Hafez, Chairman of Hafez Consultants, said that the firm is delivering architectural designs that balance aesthetic appeal with functional efficiency, maximizing space utilization and ensuring that the project enjoys a distinctive architectural identity in the heart of the New Administrative Capital
Meanwhile, Tarek Fahmy, General Manager of the International Project Management Company, noted that the partnership with Squares Developments represents a strategic collaboration aimed at executing a project built to the highest construction and management standards, while providing tangible value to Egypt’s real estate market