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3 of the Most Successful Real Estate Firms in Egypt

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Egypt has experienced steady growth in real estate in recent years, and these three companies have led the way.

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3 of the Most Successful Real Estate Firms in Egypt

  1. 1. 3 OF THE MOST SUCCESSFUL REAL ESTATE FIRMS IN EGYPT EHSAN BAYAT
  2. 2. 3 OF THE MOST SUCCESSFUL REAL ESTATE FIRMS IN EGYPT  How valuable is the real estate sector in Egypt? Property development in the country has provided a strong boost to the Egyptian economy in recent years. Moreover, the country’s real estate market is expected to expand by 70 percent between 2012 and 2020.  Several key players in the Egyptian real estate industry enjoyed significant growth during 2015. Here is a look at three of these firms and a handful of their major developments.
  3. 3. TALAAT MOUSTAFA GROUP HOLDING COMPANY (TMG)  At TMG, consolidated net profits from January to September 2015 increased by 8.9 percent over the same period in 2014. The total revenue for those nine months surpassed the projected sum and reached 5.17 billion Egyptian pounds. One of the biggest projects at TMG is the Four Seasons Sharm El-Sheikh expansion, slated for completion in 2019. Other notable projects include Madinaty, Al Rehab, and San Stefano.  Madinaty – The Madinaty community is located roughly 20 minutes outside of the capital city Cairo, and the large-scale, master-planned development includes a mixture of modern apartments and villas. Commercial areas and cultural and recreational amenities are also included, along with health care centers and schools. In addition, a series of gardens and wide pedestrian promenades provide boundaries between residential and commercial areas.
  4. 4. TALAAT MOUSTAFA GROUP HOLDING COMPANY (TMG)  Al Rehab – Built in New Cairo, Al Rehab city entails a 10-phase construction plan and will offer housing for 200,000 residents upon completion. Buyers interested in apartments may select from 50 models, and those who prefer residential villas have 31 options from which to choose. Education is a primary focus of the Al Rehab developers, and the completed city will include five schools that will provide instruction in several different languages.  San Stefano – TMG developed the San Stefano Grand Plaza to include extravagant housing, luxurious hospitality properties, and world-class shopping. The result is 37 residential models and a Four Seasons Hotel, all combined with an upscale shopping mall. San Stefano offers its guests and tenants beautiful views of the Mediterranean Sea along the coast near Alexandria.
  5. 5. PALM HILLS DEVELOPMENT (PHD)  In 2015, PHD nearly tripled its consolidated net profits, which rose from 373.3 million to 1.06 billion Egyptian pounds. The firm solidified its exceptional performance by achieving a 128 percent increase in net profits during the final quarter, when compared to the same period during the previous year. Among other upcoming developments, PHD has partnered with Madinet Nasr Housing and Development (MNHD) to launch a new residential community in East Cairo.  Tawaya – The Tawaya resort community in Sahl Hasheesh rests on the shores of the Red Sea just 18 kilometers from the airport. Pleasant year-round weather increases the value of the community’s luxury apartments, and every unit features a clear view of the sea. In addition, the adjacent Old Town area offers a wide selection of recreational, entertainment, and dining options, including a waterfront boardwalk and pier with shops, restaurants, and cafes.
  6. 6. PALM HILLS DEVELOPMENT (PHD)  Hacienda Bay and Hacienda White – The Hacienda Bay and the Hacienda White developments make up the PHD North Coast portfolio, which comprises thousands of homes. At Hacienda Bay, interested buyers will find a fully furnished resort community complete with an 18-hole golf course. Hacienda White, which also features resort-style homes, includes several beach-side lagoons, cafes, and a spa.  East Cairo – The PHD portfolio on the eastern side of Cairo encompasses eight new developments, including Village Avenue, Capital Gardens, and Palm Hills Katameya. Covering an area of 4.3 million square meters, the overall project will provide homes for more than 12,000 buyers.
  7. 7. SIXTH OF OCTOBER FOR DEVELOPMENT AND INVESTMENT (SODIC)  SODIC more than doubled its net profits from 2014 to 2015. In terms of sales, the company recorded a 43 percent year-over-year growth from 2014. Recent activity at SODIC includes a new contract with Heliopolis Development Housing in which SODIC will earn the majority of the revenue. La Plaza de Caesar, the Polygon, and Westown Hub are additional important projects.  La Plaza de Caesar – Expected to rank among the top beachfront communities in Egypt, La Plaza de Caesar will include three sections: The Bay, Beach Front, and The Pier. Residential real estate will be located on The Bay in walking distance from the water, and the latter two areas will feature multiple recreational amenities.
  8. 8. SIXTH OF OCTOBER FOR DEVELOPMENT AND INVESTMENT (SODIC)  The Polygon – One of SODIC’s largest commercial developments, the Polygon leverages a unique contemporary design to achieve both aesthetic appeal and energy conservation. In addition, companies who lease space in the development will benefit from the large number of corner offices, ample parking, and security patrols.  Westown Hub – Within a short distance of The Polygon, Westown Hub comprises restaurants, shops, and cafes set along public plazas lined with trees, greenery, and fountains. The current list of tenants at Westown Hub totals more than one dozen, and spaces are filling fast as the development gains greater attention.

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