This photo was incorrectly used with two stories on this site, here and here. It is in fact a photo of a condominium project, Katameya Grand Residence, introduced to Egypt by Golden Gate Investment Contracting & Real Estate Developments S.A.E.
According to Diaa Behairy, a member of the International Real Estate Institute, a Registered Property Manager, CA, USA, and the Property Manager at Golden Gate Investment Contracting & Real estate developments S.A.E., “Developers, all over the world are busy converting and building one of the hottest concepts in the lodging and real estate industries–condominium hotels. In almost all cases these complexes typically include a hotel, residential units for sale, office space and retail stores."
The project is on residential rental bases only, with professional property management services.