In a game-changing move to diversify its portfolio and in alignment with the Egyptian state’s developing plans, Mabany Edris, a pioneering real-estate developer with a community-centric vision, unveiled the launch of its latest projects in Egypt’s real estate market “Ons New Zayed”, with investment of EGP 13.5 billion
Spanning over 84 acres, the flagship project proudly stands in New Zayed City, West Cairo, setting new benchmarks for modern development, as it is located a few minutes away from the Grand Egyptian Museum (GEM), Giza Pyramids, and the Sphinx, to seize the nearest location to one of the most important touristic locations worldwide
“Ons New Zayed” is also located nearby Sphinx International Airport, and the New Nile River, an area which is considered as a new attractive location for leisure walk and luxurious lifestyle. The project is surrounded by a wide group of significant residential, educational, commercial projects, such as mega shopping malls and international universities and other landmarks that guarantee a unique touristic, and entertaining services to the client
By launching “Ons New Zayed” project, Mabany Edris is continuing its success series in obtaining unique projects in West Cairo, as the real estate company is one of the biggest developers owning a diversified portfolio of residential, medical, industrial and service projects in West Cairo
“The company is very keen on choosing a unique location in New Zayed City to obtain its latest projects in the Egyptian real estate market, which is aligning with Mabany Edris expanding plan and the Egyptian government developmental vision, regarding developing West Cairo, as it is expecting to witness an increase in demand on real estate, touristic and services projects in the light of the upcoming inauguration of the Grand Egyptian Museum (GEM), and the presence of Sphinx International Airport,” said Mohamed Idris, CEO of Mabany Edris
Idris added that “Ons New Zayed” is surrounded by four streets, referring to the company’s keenness on designing units with smart spaces that meets the meantime needs of clients
The CEO of Mabany Edris noted that the presence of big real estate companies in New Zayed City is prompting competitiveness and the potential to present innovative projects that achieve the highest levels of client’s satisfaction, along with the highest return of Investment rates
Mabany Edris had collaborated with “Alchemy Design Studio”, a leading Egyptian design firm, to set the architecture designs for the project and presenting an innovative product that adds value to the Egyptian real estate market
“Ons New Zayed” includes 1012 multi-size units, ranging from one-bedroom apartments, to townhouses, twin houses, and villas. The apartment areas start from 60 to 200 sqm, while villas sizes start from 160 to 297 sqm, as Mabany Edris is very keen on coming up with techniques that achieve the optimal usage of spaces
Idris also noted that the project includes hotel apartments which will be rented to foreigners, and also a hotel to meet the touristic trend in the city, in addition to different services including social club, administrative and commercial building, sports courts and a mosque
“Ons New Zayed” Project will be implemented on four phases, as the residential area resembles not more than 15 percent of the project’s whole area, and the buildings comprised of ground floor and two stories
The CEO of Mabany Edris referred that the project will be completed within the coming four years, as the company will start to deliver the first phase to the clients in 2029
Regarding its expansion plans, Idris said that the company is targeting pumping investment of EGP two billion during 2025, as EGP one billion is allocated for construction work, EGP 200 million of them were spent in the first quarter of 2025, to accelerate the projects implementation rate in order to fulfill the contractual obligations signed with its clients
“Our target is to deliver not less than 300 units during this year, as the company is negotiation on owning more land in the 6th of October City, East Cairo, North Coast, and New Assiut as we will disclose the details of new projects soon,” said Idris
He added that the company completed 30 percent of “Koun” project’s first phase located in Ras Al Hekma in North Coast, which resembles the fast rates of accomplishments, as it is scheduled to deliver its units in 2027
“Koun” project is spanning over 110 acres and located in Kilo 201 of Alexandria- Marsa Matrouh Road of the North Coast. It includes over 1500 units, with different areas to meet client’s different needs, as they range between one-bedroom to three-bedroom chalets, and also different designs of townhouses, twin houses, and villas
Mabany Edris enjoys a 25-year experience in the Egyptian real estate market. It started its work in the construction and engineering sector, then diverted to the real estate sector, and presented various residential, service, commercial, administrative, medical, and warehouse projects. Throughout its profile, Mabany Edris delivered valuable messages based on its credibility, preserving the quality of work, and client’s satisfaction
The real estate company obtained a series of successful projects in the Egyptian market, and was keen to choose distinctive locations. The significance of its projects helped in the acceleration process of developing new cities. The company secured over eight projects in West Cairo, among them Green1,2,3,4,5,6 residential projects. It also launched “The Block”, which is a commercial, and administrative project, “Central Avenue” commercial, medical, and administrative project located in the heart of Sheikh Zayed City in West Cairo, and a number of industrial projects
Nevertheless, Rofaida Health Park is among Mabany Edris most successful projects in Sheikh Zayed. The medical project is a mile stone in presenting medical services in the newly-constructed cities, as it also contributed in attracting more investments
Regarding the decision of the Central Bank of Egypt of reducing the interest rates by around 2.25 percent, the CEO of Mabany Edris praised that the decision, saying it is a positive move that lift the financial burden imposed on the real estate developers, as he asks for more supportive decision to be taken
