MARAKEZ to Open URBANE – a New Hotel in District 5 in Collaboration with Credence Hospitality Developments (CHD)

In continuation to MARAKEZ’s unwavering commitment to innovation and excellence in the real estate sector, Egypt’s award-winning mixed-use developer signs with Credence Hospitality Developments (CHD) to develop and operate Urbane – an urban business hotel in the heart of District Five, set to operate early 2027.

This landmark agreement is a testament to MARAKEZ’s continued dedication to exploring exploiting novel ideas, exploring new ventures, and tapping into opportunities where others have not. This strategic partnership is poised to seamlessly integrate with District 5’s fully fledged mixed-use development, introducing a paradigm shift in corporate accommodation and facilities.

On this occasion, MARAKEZ’s Executive Vice Chairman, Dasha Badrawi stated, “At MARAKEZ, we pride ourselves on pushing the boundaries of mixed-use developments to new heights. Collaborating with Credence Hospitality Developments reinforces MARAKEZ’s innovative approach to development, creating spaces that nurture and serve the needs of forward-thinkers and leaders. We are keen to address key industry needs, fostering synergy with other components within the development, and meeting the growing market demand for premium accommodation options.”

Designed with meticulous attention to detail, Urbane, spread over some 7,000 sqm, will boast around 100 rooms and suites, setting a new standard for modern, corporate-centric hospitality. With a strategic location catering to the corporate community within District 5 office park – District 5 Strip Mindhaus and District 5 Campus – as well as accommodating visiting executives, Urbane, the business hotel will be a hub of activity and innovation. Among its many offerings are state-of-the-art meeting rooms, a conference hall, a rooftop restaurant, retail outlets, a spa, and outdoor sports facilities.

Commenting on this cooperation Islam Mahdy, Chairman and CEO of Credence Hospitality Developments stated, “CHD is thrilled to embark on this collaborative journey with MARAKEZ exemplifying our shared commitment to providing unparalleled hospitality experiences. This is considered an exceptional moment for MARAKEZ as it continues to lead the way in transforming urban landscapes with its innovative mixed-use developments, positioning the company as a trendsetter and a pioneer in service excellence, hospitality, and functionality. We are delighted to contribute to MARAKEZ’s journey in raising the bar for quality in the real estate industry.”

District 5’s a living destination that has continually grown to be at the forefront of the retail and residential scene, demonstrating MARAKEZ’s unwavering commitment to fostering creativity and innovation. It is a seamlessly integrated community where work, leisure, entertainment, dining, and shopping come together in the thriving New Cairo area. District 5’s strategic location makes it easily accessible to Cairo Airport, Maadi, Heliopolis, Nasr City, and Sokhna the Red Sea.
MARAKEZ continues to push boundaries and inspire with its groundbreaking collaborations. As MARAKEZ continues to explore new frontiers, this strategic partnership with CHD reaffirms its position as a driving force in the evolution of mixed-use developments.