الوسم: East Cairo

  • ALJAR Developments launches Phase One of Aljar British District project in East Cairo

    ALJAR Developments launches Phase One of Aljar British District project in East Cairo

    ALJAR Developments has introduced the first phase of its new project, Aljar British District, in East Cairo, with total investments estimated at EGP 20bn, spanning more than 70 feddans

    Dr. Ahmed Abdel Mageed—Member of Parliament, Deputy Chairman of the Housing Committee, and Founder of ALJAR Developments—said that the first phase will feature approximately 1,200 residential and serviced units. The hotel component will be operated by the international Concorde Hotels and Resorts and developed in line with innovative architectural designs

    Abdel Mageed added that construction will be limited to no more than 25% of the total land area, ensuring that the majority of the space is devoted to green landscapes and a wide range of recreational amenities

    He noted that construction work had already commenced ahead of the project’s official launch — a move that underscores the company’s solid financial capacity and unwavering commitment to on-time delivery

    To mark the project’s launch, Abdel Mageed announced a 10% discount on initial offering prices, stressing that Aljar British District will stand out as a landmark development in East Cairo’s real estate market

    He further explained that the project represents a significant addition to the concept of fully integrated residential communities, featuring swimming pools, expansive green areas, pedestrian pathways, as well as a fully equipped clubhouse with a gym, spa, and relaxation lounges

    Abdel Mageed pointed out that the project enjoys a prime location in the heart of East Cairo — directly on the Suez Road, opposite the Open Air Mall in Madinaty, and just minutes from the New Administrative Capital and Cairo International Airport. This strategic situation makes it one of the area’s most sought-after residential and investment destinations, particularly with its easy access to key routes such as Gamal Abdel Nasser Axis

    The development also includes a fully integrated educational district, featuring first accredited British Medical Sciences University, which will grant degrees directly from the prestigious Aston University in partnership with British company NHMC. This district represents around 35% of the project, established under a recently signed Memorandum of Understanding with Aston University. The project’s medical and commercial zones stretches over 25 feddans

    The university will offer undergraduate and postgraduate programs in medicine and health sciences, with degrees awarded directly from Aston University. The integrated campus will feature a hospital, healthcare villages, and state-of-the-art educational and recreational facilities. The programs are scheduled to launch in September 2027, targeting both Egyptian and international students

    The company’s founder highlighted that the project represents the first fully integrated residential community combining luxury living, medical education, and healthcare under one roof. It will also include a modern commercial and administrative district powered by the latest smart technologies and round-the-clock security systems

    In line with its vision to deliver a world-class development, Abdel Mageed indicated that the company has engaged a distinguished group of top consultancy firms from Egypt and the region, bringing their expertise to ensure a real estate product that combines quality, modern design, and international standards

    Aljar British District’s commercial part was designed by world-renowned Egyptian architect Raef Fahmy, while the landscape design was led by Eng. Tarek Sobhy, Chairman of Okoplan

    Additionally, the project includes 67 residential buildings, each consisting of a basement, ground floor with a garden, four upper floors, and a rooftop, spread across 45 feddans. The design ensures optimal standards of natural ventilation, ample lighting, efficient use of open spaces, and the integration of artificial lakes

    The development also offers a diverse range of residential units tailored to meet various customer needs, starting from one-bedroom apartments sized between 66 and 72 sqm, two-bedroom units ranging from 116 to 132 sqm, and three-bedroom apartments ranging from 151 to 188 sqm

    He concluded that the company provides flexible payment plans starting with only a 5% down payment, with installment options extending up to seven years. The project is scheduled for full delivery within three years, reflecting the company’s commitment to precision and quality in execution

  • Hisham El Fouly to head samco Holding Development commercial sector

    Hisham El Fouly to head samco Holding Development commercial sector

    Eng.Saddam Alsayed Samco Holding Development Company Chairman, announced appointing Hisham El Fouly as the head of samco holding commercial sector, among the company’s development plan as the company seeks to recruit a number of unprecedented competences and specialized experiences in various sectors, so that can align with the company’s upcoming vision and its expansion strategy in the Egyptian real estate market, besides launching new distinguished projects in East Cairo

    El Fouly owns experience in real estate development field exceeds 15 years, as he is a founding member at “House of Bricks” company, and has many distinguished contributions concerning business
    growth of a number of prominent companies which achieved great successes in the Egyptian market,recording a strong portfolio full of successes during his past working years, as he held a number of leading positions in major real estate development companies to be classified as one of the most qualified head of sales sectors in major companies, in addition to improving this experience via attending specialized and accredited courses, as he got a Master’s degree in investment and financial sciences from CCIM in America, a master degree in Business Administration from GUC, in addition to specialized courses in economic feasibility studies for projects, companies structuring and development, which qualified him to take over the position of head of the commercial sector in many major companies working in the Egyptian market, as “IHC”, “Sky Way”, “The Address”, “Sorouh”, “Cleopatra” “Emtlak” and “Era”

    It is worth noting that Samco holding Company is the parent company for many companies in different fields, the most important of which is real estate development and investment, owned bysaddam Al sayed. As the company is present in the market since 2008

  • Paragon Developments and Adeer International Form Strategic Alliance to Develop 1 million Square Meter Project in East Cairo

    Paragon Developments and Adeer International Form Strategic Alliance to Develop 1 million Square Meter Project in East Cairo

    Paragon Developments has announced a strategic alliance with Adeer International to develop a massive mixed-use project spanning 1 million square meters in East Cairo. The announcement was made during a signing ceremony held yesterday at the Four Seasons Nile Plaza Hotel, attended by Eng. Bedeir Rizk, CEO of Paragon Developments, Eng. Mohamed Bedeir, the Chairman of paragon Developments, Eng. Bassel Elserafy, CEO of Adeer International, and Dr. Ayed Al-Qahtani, Chairman of the board of directors of Sumou Real Estate Company

    The alliance will oversee the development of an integrated complex covering 1 million square meters in East Cairo, including administrative, commercial, and hotel spaces. The first phase of the prohect will be developed on a land area of 250,000 square meters, with a built-up area of approximately 350,000 square meters. It will feature upscale hotels, serviced apartments, shopping centers, and office spaces. The total sales for the first phase of the project are expected to reach 1.5 billion dollars (approx. 80 billion EGP), reflecting the substantial investment and importance of this project in supporting the Egyptian economy and achieving Egypt’s Vision 2030

    The first phase of the project includes the development of 250,000 square meters, with plans for expansion in subsequent phases. The alliance also aims to explore investment opportunities in other regions, leveraging international expertise in real estate development and hospitality

    Commenting on the collaboration, Eng. Bedeir Rizk, CEO of Paragon Developments, said: “This alliance marks a significant step in our company’s growth strategy on both the local and regional levels. Our extended partnership with Adeer International, renowned for its outstanding reputation and extensive experience globally, reflects our ambitious plans for expansion and innovation. We are committed to exploring new horizons beyond the Egyptian market, including Saudi Arabia, to offer distinguished and innovative experiences in various markets. This collaboration is a vital opportunity to enhance our capabilities and expand our impact by delivering integrated real estate projects that contribute to sustainable development and meet our clients’ aspirations”

    He added, “We believe this collaboration will bolster our ability to realize our ambitious vision of developing integrated real estate projects that elevate the quality of life and meet the needs and aspirations of our clients. We will deliver projects of high quality in accordance with international standards, contributing to the sustainable development of the Egyptian economy”

    Rizk also noted that this project would enhance luxury tourism in Egypt by introducing new brands that have not previously been present in the Egyptian market. He added, “We aim to make this project a leading model of technology and innovation in the real estate market, integrating art, culture, and entertainment into all aspects of the project, with a focus on regenerative development and placemaking geared towards the highest sustainability standards”

    The project aims to significantly contribute to Egypt’s economic development in line with the state’s Vision 2030 by creating new job opportunities, attracting foreign investments, and boosting the real estate and tourism sectors

    About Paragon Developments

    Paragon Developments is a leading Egyptian developer with extensive experience and a proven track record of achievements. The company delivered its “Paragon 1” project in the Financial District of the New Administrative Capital, with 80% of the project’s sales coming from abroad, reflecting the company’s strategic focus on attracting foreign investors and expatriates. Paragon has launched three projects in the Egyptian market with a total built-up area of 120,000 square meters, aiming to reach a developed area of 1 million square meters by 2025

    About Adeer International

    ADEER International Egypt is owned by ADEER Holding Company, A part of the Sumou Holding Group for investments in Saudi Arabia, established in 2008 to provide a wide range of innovative services in the real estate industry, adhering to international standards across all real estate sectors

    ADEER Saudi Arabia began its operations in 2012, initially focusing on providing integrated real estate solutions. Over the course of more than 10 years, it has achieved numerous accomplishments and record-breaking sales, earning the title of the best real estate company in the Kingdom in 2015 and 2022. Recently, ADEER expanded its operations to the UK market in 2022

    ADEER International Egypt headed to the Egyptian market in 2023 and proved its presence as a window for exchanging international investments and expertise with a group of distinguished deals that made it a different mark in the market, including the Paragon Real Estate Development for sustainable administrative buildings in Saudi Arabia, the acquisition of Shark Hub Egypt, and the ADEER Plaza project in Sheikh Zayed, Establishing the PropteX Fund for technology investment in the real estate sector, and launching the ADEER Lounge project

    ADEER International Egypt offers services in property portfolio management, sales, leasing, property and asset management, investment, brokerage, and real estate marketing. It has recently announced its entry into the Egyptian market and has plans for development and expansion within this promising market