iCapital Developments has announced the launch of the final phase of Orla Residence, its integrated residential project in New Cairo’s Fifth Settlement, with targeted sales of EGP 1.5 billion for the newly launched phase.
The launch comes amid significant progress at the project, with construction completion exceeding 40%, reinforcing the developer’s commitment to delivering tangible progress on the ground and maintaining its construction and delivery schedules.
Located in one of New Cairo’s strategic areas, Orla Residence extends across 12 feddans along Suez Road, Direct on Northern 90th Street New Cairo, offering residents convenient connectivity to key destinations across the Fifth Settlement.
Commenting on the launch, Eng. Mahmoud Abu El Yazid Abu El Kheir, Chairman of iCapital Developments, said that the launch of Orla Residence’s final phase represents an important milestone in the company’s five-year journey and reflects the confidence it has built among its clients and within the Egyptian real estate market.
He stated that iCapital Developments has adopted a clear development strategy centered on creating genuine value through carefully selected locations, well-planned designs, integrated services, and disciplined execution.
He added that the company remains committed to pursuing its growth strategy while maintaining its focus on project execution, construction quality, and adherence to planned delivery schedules.
*Mohamed El Eraqi, Vice President of iCapital Developments, highlighted the strong construction performance achieved at Orla Residence, noting that completion rates have surpassed **40%*, with construction progressing at an accelerated pace.
He explained that the latest phase offers a diverse portfolio of residential units, ranging from
“The construction progress achieved at Orla Residence reflects our commitment to transforming our development plans into tangible reality. Reaching more than 40% completion, while maintaining an accelerated execution pace, strengthens our ability to deliver the project according to the planned schedule.”
*one- to three-bedroom *, catering to different customer requirements and providing options for both end users and investors.
El Eraqi added that Orla Residence has been designed as an integrated community that goes beyond residential spaces to provide a comprehensive lifestyle experience. The project includes landscaped green areas, water features, dedicated workspaces, a residents’ clubhouse, Fitness area, a spa, and a commercial mall serving the community.
The development also features dedicated social and gathering spaces designed to encourage interaction among residents and support a balanced lifestyle within the community.
With the launch of its final phase and construction progress exceeding 40%, Orla Residence represents a key milestone in iCapital Developments’ portfolio, as the company continues to expand its presence in the Egyptian real estate market while focusing on projects that respond to evolving customer needs and market dynamics.
