Strong Demand Drives Expansion of Tesla Residence in West Cairo
Tesla Developments has successfully sold out Phase One of its flagship Tesla Residence
project in record time, reinforcing the project’s strong market appeal and paving the way
for the launch of Phase Two The new phase is expected to witness robust demand, fueled
by increasing interest from both homebuyers and real estate investors seeking high-return
investment opportunities in West Cairo
Client Confidence Reflects Strength of Tesla Developments’ Vision
Commenting on the achievement, Alaa El-Sheikh, Chief Commercial Officer at
Tesla Developments, said that the rapid sell-out of the first phase reflects clients
confidence in the company’s strategic vision and its ability to deliver a fully integrated
real estate development He noted that the project stands out due to its prime location
mixed-use concept, and high standards of planning and execution, making it attractive
to a wide range of buyers looking for residential and investment properties in West Cairo
Launch of Phase Two Featuring Fully Furnished, Hotel-Managed Units
El-Sheikh revealed that the company is currently rolling out Phase Two of Tesla Residence
which will include serviced residential units with hotel management, delivered fully finished
and furnished in line with international standards He added that early market indicators and
strong inquiry volumes point to high anticipated demand, supported by the phase’s strong
investment returns, ease of operation, and professionally managed services The hotel
management company responsible for operating the serviced units will be announced shortly
Prime Location Enhances Investment Value
Located on 26 acres in West Cairo, Tesla Residence enjoys a strategic position directly
opposite MSA University on Al-Wahat Road, offering excellent accessibility and sustained
rental and end-user demand The location significantly enhances the project’s long-term
investment value
A Fully Integrated Mixed-Use Development
Designed as a comprehensive mixed-use destination, Tesla Residence integrates residential
retail, hospitality, administrative, and medical components The development includes residential
units in various sizes, a 450-meter commercial promenade, a dedicated medical building, and
multiple administrative buildings—ensuring continuous activity and strong operational performance
across the project
Four-Phase Development with Delivery Timeline
Tesla Residence is being launched across four sales phases, with unit deliveries scheduled to
begin within three years, following a clearly defined construction timeline The project reflects
Tesla Developments’ ambition to deliver a distinctive, fully integrated real estate landmark in
West Cairo, El-Sheikh concluded
