Latest news with #MassDevelopments
Economic Key
18-05-2025
- Business
- Economic Key
Mass Developments launches Yardin on 13 acres in New Cairo
. By / Amy amer Mass Developments has unveiled its newest residential project, Yardin New Cairo, strategically located in the heart of New Cairo. Covering more than 13 acres, the project is part of the company's strategy to diversify its investment portfolio and introduce innovative real estate solutions that reflect evolving market trends and cater to customer needs. Eng. Atef Monai, Chairman of Mass Developments, stated that the project represents a valuable addition to the company's portfolio and is situated in a prime area of the Fifth Settlement. Eng. Atef Monai highlighted the project's prime location as one of its most distinctive advantages—just a minute from South 90 Street, three minutes from the Middle Ring Road, five minutes from Ain Sokhna Road, and only 20 minutes from Cairo International Airport. It is also conveniently located near the Air Force Specialized Hospital and the District 5 development. He said that the project is a fully integrated residential development offering a variety of unit sizes ranging from 66 sqm up to 330 sqm for duplex units. It features flexible payment plans starting from a 0% down payment with installment options extending up to 10 years, catering to a wide range of customer needs. He added that Mass Developments is dedicated to working with top-tier partners to ensure the project is delivered with the highest standards of quality and sustainability. As part of this commitment, the company has partnered with AZURE Architects, led by Eng. Omar Okail, to lead the architectural design. Inspire Integrated will oversee property and facility management, while execution and construction will be handled by Concept Engineering & Constructions, chaired by Eng. Mamdouh Fekry, a Board member of Mass Developments. Eng. Mamdouh Fekry brings extensive engineering experience, with his company having contributed to several prominent projects such as Al Dau Heights and Al Dau Strand in Hurghada, and the Almaza Bay project in Marsa Matrouh in collaboration with Travco. The company also developed Al Dau Village Mall, spanning 30,000 sqm in Hurghada, and participated in the execution of several international hotels including Steigenberger Pure Lifestyle and Steigenberger Aqua Magic in Hurghada, Hyatt Centric in Cairo, Hyatt Regency Cairo, Steigenberger Al Kazar in Sharm El Sheikh, Arena Plaza Hall in Cairo, and Dar Al Rahma in the New Administrative Capital. Eng. Fekry's projects span across various regions, including Cairo, the New Administrative Capital, Hurghada, Sharm El Sheikh, Ain Sokhna, Marsa Matrouh, Port Said, and 10th of Ramadan City—reflecting the diversity and expansion of his work across residential, leisure, commercial, and medical sectors. Eng. Atef Monai added that the project's construction period is expected to last three and a half years and will include a range of premium amenities that ensure luxury and quality of life for residents. These include a social club, swimming pools, restaurants and cafes, indoor and outdoor gyms, electric vehicle charging stations, jogging and cycling tracks, and a children's play area. Eng. Atef Monai owns prime residential and commercial land in New Cairo, 6th of October City, Sheikh Zayed City, New Minya City, New Sohag City, and New Damietta City. He is also a partner in several real estate development companies behind prominent projects such as Verity Business Complex in the New Capital, Innoview Business Complex in the New Capital, Valencia Valley in New Cairo, and Valencia Hub Mall in New Cairo. He concluded by stating that Mass Developments is actively pursuing its expansion strategy in the Egyptian real estate market, drawing on the extensive experience of its founders, led by Eng. Atef Monai. He has held key leadership roles, including CEO of the International Import and Export Group and Chairman of Dar Al Benaa. Eng. Atef Monai also serves on the boards of leading real estate development companies. تم نسخ الرابط
Economic Key
16-03-2025
- Business
- Economic Key
Mass Developments Targets EGP 6 Billion in Contracted Sales for 2025
Mass Developments has announced record-breaking sales of EGP 2 billion in the last quarter of 2024. This milestone reflects the strong market confidence in the company and reinforces its ambitious expansion plans for 2025. According to Ahmed El-Dessouky, Chief Commercial Officer of Mass Developments, the company aims to achieve EGP 6 billion in total sales this year, backed by an ambitious expansion strategy and strategic partnerships with top consulting and management firms. 'The current market is witnessing strong demand for residential projects in New Cairo, driving developers to launch new projects that cater to this growing need,' El-Dessouky stated. As part of its expansion, Mass Developments plans to launch three new projects in 2025, including its first-ever residential development in New Cairo, set for release immediately after Eid Al-Fitr. The project reflects the company's commitment to delivering high-quality real estate products that combine modern designs with integrated services. To uphold the highest standards of quality and innovation, Mass Developments has established strategic partnerships with leading industry experts. It collaborates with Mohamed Essam, Executive Director of Inspire Integrated, the firm responsible for project management and operations, ensuring top-tier services. Additionally, the company is partnering with architectural consultant Nader Fouda from LDP, who will oversee project designs, and executive consultant ACE – Moharram Bakhoum, supervising execution with the highest levels of precision and quality. The company has also partnered with Mamdouh Fikry, Founder of Concept, responsible for construction, ensuring adherence to top engineering and technical standards. As part of its expansion strategy, Mass Developments plans to open multiple new branches across Egypt in 2025, enhancing its operational efficiency and supporting its ambitious growth plans. Furthermore, the company continues to strengthen its market position through its latest project, Olin Social District, strategically located on Gamal Abdel Nasser Axis in New Cairo, facing Al-Narges Villas and Apartments, an area with over 350,000 residents. This prime location gives the project a strong competitive advantage as a fully integrated commercial and entertainment hub designed to cater to a wide audience. Unlike traditional shopping centers, Olin Social District redefines the concept of commercial destinations by blending retail, entertainment, and essential services into a comprehensive lifestyle experience. The project features a dedicated entertainment zone, retail units, cafes and restaurants, a state-of-the-art fitness center, a jogging track, a children's area, a government services office, and advanced technology features such as holograms and free public Wi-Fi. With over 25 years of experience, Mass Developments continues to cement its presence in Egypt's real estate market, having successfully delivered landmark projects in New Cairo and the New Administrative Capital, with a portfolio exceeding EGP 20 billion in total investments. The company also holds a diverse land bank across East and West Cairo, as well as key provinces and new cities. تم نسخ الرابط
