The Rise of New Real Estate Developers in Egypt and Its Impact

Tasneem Khalil 14 Sep 2023

New real estate developers are quickly gaining the attention of the real estate market in Egypt. The number of new real estate developers is increasing every year as the demand on properties is always increasing. These new developers are bringing fresh ideas and new perspectives to the properties, which made them quickly have a recognized name for themselves. As the real estate sector has been experiencing significant growth in recent years, more projects of houses and commercial units are available.

There are a number of factors that have resulted in the rise of new real estate developers in Egypt. One important factor is the government's investment in infrastructure development. The government is building new roads, bridges, and airports, which is making it easier for developers to build and deliver projects.

Another factor is the growing middle class in Egypt which is increasingly looking to invest in real estate, and this is creating a demand for new projects. The new generation of real estate developers in Egypt is not afraid to take risks. They are willing to experiment with new ideas and concepts which has led to some exciting projects. Finally, the devaluation of the Egyptian pound has made real estate a more attractive investment for foreign investors. This has also led to an increase in the number of foreign developers entering the Egyptian market as the economy is stable.

The rise of new real estate developers has a positive impact on the economy and customers. These developers are bringing new ideas and new investments to the market, and they are helping to create modern and dynamic projects. It means that there are more choices and competition in the market, which leads to lower prices and better quality projects. Let’s explore some of the new developers that have delivered outstanding projects.

Horizon Egypt Real Estate Development

Horizon Egypt was founded by Majid Al Nuaimi, the Head of the Royal Court in Ajman, UAE, and engineer Adnan Safarini. Horizon Egypt has gained recognition as one of the top real estate developers that recently emerged in Egypt as it has great experience in the real estate field. The company focuses on exceptional architectural projects and provides excellence in design, quality, and delivery. Thanks to their expertise, the company has been able to deliver modern residential communities like Saada New Cairo which has a unique luxurious lifestyle. That’s why Horizon Egypt is expected to be among the top real estate companies in Egypt and the Middle East.

Green Valley Developments

Green Valley Developments (GV) is one of the new real estate companies in Egypt known for its ambitious project. The company is affiliated with government entities in order to deliver mega projects in Egypt. Over the past few years, GV Developments has gained its reputation through different residential and commercial projects. Green Valley Developments has succeeded in executing a number of projects with a high level of expertise, skill, credibility, and integrity. The company is dedicated to deliver the best projects in regards to architectural designs, services and facilities. This makes GV Developments as one of the top real estate development companies in Egypt. Some of their projects include Upville October compound, White Sand North Coast, and Tarboul Industrial City.

Serac Developments

Although Serac Developments is not entirely new, the company has gained status for its commitment and high-quality projects. Serac Developments is one of the successful companies in the real estate market. Since its entry into the Egyptian market, it has left its unique fingerprint by changing the concept of residential living. The company has a great experience, which combines both Emirati and Egyptian aspects in the projects it delivers. Serac Developments also provides the highest possible quality. The company has a strong approach that has earned it a prestigious position in the real estate field.

Serac Developments is committed to establishing unique cities that reflect the developments happening in real estate. Their projects feature modern designs, the latest technologies, and the highest standards to ensure the projects’ success. Serac Development offers luxurious residential units in the most strategic locations in Egypt, such as New Cairo and the New Administrative Capital. Their projects, such as City Hall New Cairo, Alura north coast, and Shamasi north coast have set new standards for properties in Egypt.

Lozan Urban Developments

Lozan Urban Developments is another developer that has recently emerged in Egypt. The company has over 25 years of experience in real estate in the Middle East. It has shown successful progress in Abu Dhabi, with more than 17 compounds located in Mohammed bin Zayed City and Khalifa bin Zayed City. The company has also executed over 19 projects, including commercial, residential, tourist, or administrative, in the Delta region, so every client can find what they are looking for. It also engages in the supply and general contracting sectors to ensure the highest quality in construction. Their projects include Apex New Capital and The Rift business park.

Nawassy Developments

Nawassy Developments is a new real estate developer that is a subsidiary of Inco Group, a top-notch contracting firm with over 20 years of experience. The company has shown their effectiveness with successful projects in the real estate market, thanks to high standards and reliable partners. As a result, Nawassy is now one of the leading real estate companies in Egypt. Nawassy Developments has been working on a range of projects, including great investments such as 3 Sides New Cairo Mall. They're doing this to keep up with changes in the real estate market and take part in the country's growth plans in new cities.

Egics Development

Egics Development, is considered one of the best real estate marketing companies founded by engineers Ashraf El Genedy and Mohsen Hamdi, along with the company's CEO Ihab Abu El Hadeed. The company has good experience in real estate development and comprises six subsidiaries specializing in industrial solutions, automation, and contracting. Egics Development has branches in many countries, including Oman, Sudan, Saudi Arabia, Uganda, and the United Arab Emirates. Their projects in Egypt include Haven Business Tower which is located in the New Administrative Capital.

The future of the Egyptian real estate market looks bright. With the continued growth of the economy and the rising demand for housing, there is plenty of room for new developers to succeed.