With steady steps towards the future
- Forecast of 2024 trends in the real estate, tourism and hospitality sectors, including expectations of an increase in the number of independent travelers and digital nomads.
- The new Orascom digital platform is launched at an exclusive opening in Dubai to meet the needs of brokers and enable them to make data-driven decisions in the changing market environment.
Dubai United Arab Emirates Orascom Development, a leading international real estate developer specializing in building vibrant cities and integrated communities in Europe, the Middle East and North Africa, looks to the trends of the real estate and hospitality sectors in 2024 and launches a new digital platform to meet the needs of real estate brokers.
Orascom Development grew out of an ambitious vision more than 30 years ago – to create a stunning and distinctive destination on the Red Sea coast of Egypt, which is now the city of El Gouna, which is considered one of the best destinations in the region. Orascom Development Company’s land area extends over more than 100 million square meters, 40% of which has been developed into integrated cities that include thriving communities in Europe, the Middle East, and North Africa. Since 1989, the Red Sea city of El Gouna has become a role model in developing world-class destinations, and Orascom Development has proven its success with projects as diverse as Hawana Salalah in Oman, Andermatt Alps in Switzerland, The Cove in the United Arab Emirates, and Luschtissa Bay in Montenegro. The company’s business model is unique as it manages its own amenities, infrastructure and facilities ranging from golf courses, marinas and commercial districts to schools and hospitals in all its destinations.
Orascom Development, which has experience in identifying market trends and integrating them into the company’s approach to developing its destinations, revealed what it considers to be the trends that will shape the hospitality, real estate, and development sectors in 2024:
•Increase in the category of independent travelers – An increase in the number of so-called free and independent travelers, who are looking for excursions with a unique experience. Orascom Development Company is preparing to meet this trend by developing and equipping destinations in a way that is compatible with the aspirations and desires of travelers looking for personal experiential adventures.
• Digital travelersThis category searches for spaces inside homes to allocate an office for work and to plan these spaces in a way that allows for the addition of multi-use screens. In addition to looking forward to the most exclusive areas in picturesque environments and far from the crowded city center. From this standpoint, Orascom Development Company’s destinations focus on providing a balance between work and life, through modern work spaces and homes that include home offices, in addition to shops and recreation areas that meet the constantly changing aspirations and needs of customers.
• Nature-centered living: Customers interested in purchasing homes are increasingly attracted to properties that blend seamlessly into the natural surroundings. Orascom Development is aware of this aspiration and is committed to creating residential spaces that are in harmony with the environment, and provide residents with tranquility and the beauty of nature within their living spaces.
• Communication with the community: There is a growing demand for communities with facilities and amenities that foster true human connections, and accordingly Orascom Development cities are designed to contain recreational areas and natural spaces – which include shops, parks and sports centers – where residents can communicate and build friendships to maintain the lifestyle. Social.
Commenting on this, Omar El Hamamsy, CEO of Orascom Development Group, said: “We expect trends related to the real estate, tourism and hospitality sectors for 2024 to include more independent travelers and home buyers seeking to connect with nature and the community. To meet these changing demands, we will continue our commitment to being a global leader in developing integrated and sustainable destinations. In addition to building homes or hotels, we craft living experiences that are in line with the evolving needs and aspirations of contemporary society. One way to achieve this is to strengthen our relationships with our customers, study their needs, and support their success through innovation and focus on customer service excellence.”
In addition to paying attention to the aspirations and needs of our clients and investors, Orascom Development also monitors the needs of real estate brokers. Recognizing the challenges in traditional relationships between real estate brokers and developers, which are characterized by the difficulty of obtaining accurate information in a quick manner, Orascom Development is redefining this relationship by launching the electronic platform for real estate sales, My Orascom, which was launched at an exclusive event in Dubai, attended by a group of the largest regional companies. And the international companies working in this field, along with the senior management team of Orascom Development Company, representing its global destinations.
The My Orascom platform provides a self-service experience, enabling brokers to quickly access all properties offered in various destinations, in addition to detailed information about residential units, payment plans, and real-life photos..
Al-Hamasy added: “Our goal with the new My Orascom platform is to transform the real estate brokers’ experience into a more effective partnership, and we are confident that this platform will be a catalyst for the growth of our business as it provides immediate access to our portfolio of real estate products in Europe, the Middle East and North Africa.”
#Corporate data
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About Orascom Development:
Orascom Development Company is a leading international real estate development company specializing in building vibrant cities and integrated communities in Europe, the Middle East and North Africa. For more than 30 years, Orascom Development has specialized in creating integrated destinations whose communities live with a passion to enjoy all aspects of life. From the stunning Egyptian Red Sea coastal city of El Gouna to Andermatt Alps in Switzerland, a picturesque year-round mountain town, every city created by Orascom Development is a testament to its commitment to building the best destinations. Integrated cities harmoniously combine residential areas, villas, apartments and hotels in addition to award-winning leisure and commercial facilities, golf courses, yacht marinas, sports facilities, shops and restaurants. Orascom Development owns more than 100 million square meters, 40% of which is under development or has been developed into thriving communities in Egypt (El Gouna, Makadi Heights, Taba Heights, Beom, and O West), in the Gulf countries (The Cove in the UAE Jebel Sifah and Hawana Salalah in Oman), and in Europe (Andermatt in the Alps in Switzerland, Lustica Bay in Montenegro and West Caracallaz Garden Village in the United Kingdom). Orascom Development’s projects include 33 luxury hotels with more than 7,000 rooms in Europe, the Middle East and North Africa. ODH shares are listed on the Swiss SIX Stock Exchange.
For more information, please visit www.orascomdevelopment.com :
2023-12-18 06:25:11
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