UAE: Stella Stays, the leading proptech startup disrupting the global residential
real estate sector with its innovative business model and key offering of tech-enabled branded
residences, announces its expansion into Egypt, introducing a prime location in New Cairo city,
through its agreement with Tameer.
The agreement that Mr Mohammed Al Ghussein, Chairman of Stella Stays and Mr Saad Al Wazzan,
Chairman of Tameer signed in a ceremony on September 27th
, 2022 and will mark the joint
endeavour between the two companies to build communities rather than general structures, a new
living experience rather than dull spaces, to create life and stories within the development. Through
this agreement, Stella Stays aims to disrupt Egypt’s residential real estate sector landscape
alongside Tameer, Egypt’s well-established residential developer driving the pulse and progression
of the housing market since 1954.
The highly-anticipated Stella Stays AZ Homes, strategically located in a prime spot in the midst of
the bustling New Cairo city, is within fifteen minutes from Cairo International Airport, ten minutes
from both downtown Katameya and walking distance from the American University in Cairo;
making it highly attractive not only foreign travellers and expats but also local residents. In line with
Stella Stay’s modern approach, the property will offer ready-to-live, smart apartments with open
kitchens, as well as modern recreational and commercial amenities. The project is unique as it
encourages an ever-so-inviting, community-driven lifestyle and provides a social neighbourhood
where residents enjoy large open kitchens, outdoor deck and lounge, swimming pool, outdoor gym,
a cinema theatre and co-working spaces. Stella Stays EZ Homes are well-crafted with facilities that
fit every lifestyle, all at the residents’ fingertips.
Residents and guests will be able to use the Stella Stays app to navigate the entire journey – from
finding, booking and managing their stays, checking in, controlling smart home systems, to
ordering a wide range of guest services. Payment terms are flexible and can be made through
various methods, including credit, debit cards and crypto payments.
Set to become the world’s most-loved residential hospitality brand, Stella Stays has witnessed
global growth and is now present in five markets since its inception only three years ago. The
company currently operates in the UAE, KSA, Turkey, Bahrain and Canada with more than 1,000
contracted units, and its latest expansion plan to Egypt is a true testament to the company’s
impressive growth trajectory.
To create a global real estate pipeline, Stella Stays uses proprietary algorithms that identify,
evaluate, and select the most desirable properties around the world, based on location, financial
projection, and trends. The upcoming launch in Egypt solidifies Stella Stays plans to continue
expanding operations into other markets to keep up with the ever-growing demand from
millennials, Gen Z residents and corporate travellers for its ‘Show Up and Start Living’ concept
which has propelled the company forward.
Commenting on the expansion, Mr Mohammed Al Ghussein, Chairman of Stella Stays, said: ‘‘We are
very proud of our expansion into Egypt, and we believe that our vision for the future of living aligns
perfectly with Tameer to develop lively communities that offer everything the modern residents
and travellers would need.”
“We are excited to announce our agreement with Stella Stays in Egypt which will boost both the
residential real estate and hospitality sectors. As we continue to cultivate our culture and legacy,
we look forward to the future with this strategic move which will enhance the experience for
modern travellers, residents, independent trendsetters and everyone in between”, said Mr Saad Al
Wazzan, Chairman at Tameer.
Transforming the residential real estate landscape, Stella Stays continues to build strategic
partnerships to bring the globe a new living experience, with plans to expand further to different
markets in 2023.
About Stella Stays: Stella Stay is a proptech startup with a vision to create the future of living, where people can just
show up in a city and instantly start their lives, work, adventure, cultural experience with
like-minded people. The company is reimagining the global living experience through their portfolio
of tech-enabled branded residences that offer residents & guests a community-driven lifestyle,
modern amenities such as co-working spaces, and the flexibility to live, work, travel anywhere.
Established in 2019, Stella Stays is present and growing rapidly in major cities across the Middle
East, Europe and North America. The company’s proprietary technology empowers unmatched
efficiency across real estate supply growth, interior design, pricing, economics, bookings, guest
service, and property management.
Stella Stays is the winner of the 2021 Stevie awards for the “Most Innovative Tech Start-up of The
Year” and “Innovative Achievement in Sales” for its technology and revenue generation strategy
respectively.
Visit the company website at www.stellastays.com
About Tameer: Since its foundation back in 1954, Tameer has always taken pride in its credibility, commitment and
single-minded promise, touching people’s lives. Through building developments that are all about
customer insight and tangibly offering products to fit, enhance and upgrade everyday living.
Modern & Progressive Tameer aims to build social communities that encourage friendly
neighbourhoods and healthy balanced lifestyles.
For big families, fast-paced individuals, investors or startups. The company’s product portfolio in
the market addresses spot-on requirements in today’s dynamic world.
Visit the company website at www. tameer.com.eg
