Egypt: Talaat Moustafa Group records $3.15bln in sales year-to-date
Egypt - Talaat Moustafa Group (TMG), a prominent developer and investment company in Egypt's real estate and hospitality sectors, has recorded total real estate sales of EGP 160bn year-to-date.
This performance includes EGP 70bn in sales achieved in a single day from the second phase launch of its North Coast project, SouthMed.
The company announced that the second phase launch of SouthMed generated EGP 70bn in sales on one day, a div that surpassed the demand observed during the project's first phase in 2024. Approximately 5,100 units were sold on that day, bringing the total sales for the SouthMed project to over EGP 352bn since its inception in July 2024.
Talaat Moustafa Group overall real estate sales of EGP 160bn year-to-date represent a 127% year-on-year growth. In a disclosure to the Egyptian Exchange on Wednesday, the group stated that this achievement confirms its position in the market, with its sales performance serving as a clear and solid benchmark.
The group's performance in 2025 follows a strong 2024, when its sales surpassed EGP 500bn. TMG reported a 70% compound annual growth rate (CAGR), which it said demonstrates the strength of its business model and brand.
The company attributed its success to strong trust from over 200,000 high-net-worth clients, deep market insight, high-quality developments, and innovative payment systems that it stated are influencing standards across Egypt's real estate sector.
Talaat Moustafa Group has surpassed EGP 1trn in cumulative real estate sales. The company holds a land bank of over 107 million square metres and is pursuing regional expansions aimed at boosting its growth and foreign currency generation.
The company highlighted its entry into the Saudi market last year as a significant development, noting it as the first Egyptian developer to export high-quality real estate to Gulf countries on this scale and an entity that has set new benchmarks in the region.
© 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
3 hours ago
- Khaleej Times
One Group announces billion-dollar entry into UAE real estate market
One Group, a global real estate firm, has officially entered the UAE with a development pipeline exceeding $1 billion scheduled to roll out over the next 12 months. The company is set to begin its UAE journey with the launch of ELEVATE, a new brand dedicated to lifestyle-centric real estate development. The brand's inaugural project — a branded beachfront development — is expected to be announced soon, in collaboration with a leading global hospitality operator. Commenting on the launch, Zeeshaan Shah, Chairman of One Group, said: 'I'm thrilled to officially begin our development journey in the UAE. I started my career in this extraordinary country 18 years ago, and witnessing its incredible transformation has been deeply inspiring. Today, the UAE stands as a global benchmark for lifestyle, ambition, and opportunity — a true reflection of the vision and dedication of its great leadership.' With a 15-year track record and a presence across three continents, One Group has facilitated more than $2.5 billion in global real estate transactions, with a portfolio of over 3,000 units completed and under development. The launch of ELEVATE marks the Group's most ambitious regional expansion to date, with a development pipeline exceeding $1 billion scheduled to roll out over the next 12 months. Shah added: 'In every market we enter, we forge our own path — not by following trends, but by introducing a distinct, lifestyle-led approach to design and development. At its core, great real estate isn't just about space — it's about creating a way of life. Our focus is on crafting environments that elevate everyday living by integrating community, connection, wellness, and meaningful experiences.' Every ELEVATE destination will be strategically located to both inspire and energize. The brand is already in advanced discussions with globally renowned hospitality and lifestyle names to co-create branded residences — an increasingly sought-after segment that merges luxury living with elevated service and investment value. Designed to outperform traditional luxury assets, ELEVATE residences will offer hotel-grade amenities with the privacy and exclusivity of home. This unique positioning appeals to both end-users and sophisticated investors seeking long-term appreciation and high-yield potential in the region's booming real estate market.
Arabian Business
3 hours ago
- Arabian Business
Banking & Finance
New IG Prime report says Dubai and Abu Dhabi are expected to see the most hedge fund growth, and increase pressure on global regulators with their rules
Arabian Business
3 hours ago
- Arabian Business
OMNIYAT acquires Marasi Bay Island and unveils Dubai's first beach club in Burj Khalifa district
OMNIYAT, Dubai's leading ultra-luxury real estate developer, has acquired Marasi Bay Island in the prestigious Burj Khalifa District, marking a significant expansion of its waterfront ecosystem that will feature the district's first beach club alongside exclusive leisure and wellness experiences. The acquisition forms part of OMNIYAT's broader vision to transform Marasi Bay into Dubai's premier ultra-luxury waterfront destination, seamlessly blending high-end residential living, premium commercial spaces, five-star hospitality, and wellness offerings. The development enjoys strategic connectivity to Downtown Dubai, Business Bay, DIFC, D3 Design District, and Dubai International Airport. Beyond the island acquisition, OMNIYAT has unveiled an extensive array of amenities along Marasi Bay's south side, designed to create a resort-style environment that connects urban living with maritime experiences. The Marasi Bay Marina, operated by OMNIYAT, will accommodate superyachts and feature an exclusive Yacht Club, complete with tender boat services and jetty lounges serving both boat owners and guests of The Lana Hotel. A standout feature is the Signature Pavilion, a 10,000-square-foot retail and events space positioned over the water, complemented by a waterfront promenade that combines public access areas with resident-exclusive facilities including padel courts, children's play areas, running tracks, and an art trail. Exclusive to OMNIYAT residents, Sunset Park represents a unique 30,000-square-foot private floating island that serves as the development's green heart. The facility offers comprehensive wellness and leisure amenities including picnic lawns, private dining spaces with chef's kitchen and BBQ facilities, flexible indoor areas for work and events, and specialised zones such as sensory and meditation gardens, yoga terraces, and a dedicated dog park. Architectural excellence and residential offerings The development's residential portfolio is anchored by VELA Viento, Dorchester Collection, Dubai, a 180-meter tower designed by internationally acclaimed architects Foster + Partners. The building houses 95 exceptional residences featuring floor-to-ceiling windows that frame panoramic views of the Burj Khalifa, Downtown Dubai, and the waterfront. Residences feature expansive terraces that blur indoor-outdoor living boundaries, with select units offering terrace pools, double-height spaces, and suspended dining rooms. Interior design by Gilles & Boissier ensures elegant, fully furnished homes with private lift lobbies, while select residents can opt for Banda Studio-designed interiors for the Horizon Residences. The tower's Sky Amenities Deck, positioned over 100 meters high, features an infinity pool, double-height gym, yoga studio, and lounges, complemented by ground-level amenities including indoor pools, spa facilities, meeting spaces, and direct promenade access. OMNIYAT's Marasi Bay vision has already achieved significant milestones with The Lana Hotel and Residences, Dorchester Collection, Dubai, which opened in Q1 2024. Designed by Foster + Partners, The Lana represents Dorchester Collection's first Middle East property and houses the region's first Dior Spa. The development made headlines in May 2024 when The Lana Residences penthouse set new price records as the most expensive property sold in the Burj Khalifa District. The ecosystem will be further enhanced by ENARA by OMNIYAT, an ultra-luxury office tower scheduled for completion in 2027. This standalone commercial building will cater to the global business elite, offering luxury office spaces with direct promenade access and outdoor wellness facilities, seamlessly connected to the broader Marasi Bay development via promenade and jetty services. Strategic vision Commenting on the acquisition, Mahdi Amjad, Founder and Executive Chairman of OMNIYAT said, 'In a re-imagined approach to urban living, we are reshaping Marasi Bay into Dubai's definitive ultra-luxury waterfront destination. Marasi Bay Island is another jewel in its crown, complementing this luxurious ecosystem with exceptional waterfront experiences.' Amjad highlighted the development's role in transforming a former commercial district into 'a highly desirable, vibrant and extraordinary UNHW community,' positioning Marasi Bay as 'the ultimate celebration of waterfront living' that leverages Dubai's continued growth momentum and OMNIYAT's commitment to luxury redefinition. The Marasi Bay development represents OMNIYAT's broader strategy to create integrated lifestyle ecosystems that combine world-class amenities with strategic location prestigious districts.
