Emaar Properties Egyptian arm Emaar Misr is preparing to launch yet another big ticket development, this time with Saudi Arabia’s Dallah Albaraka under a strategic partnership, according to a disclosure (pdf) from the EGX30-listed company. The project with Dallah Albaraka’s Samla and Alam Al Roum for Urban Development will require EGP 78 bn — equivalent to around USD 1.7 bn at the current exchange rate — in investments and is expected to bring in returns totaling EGP 117 bn.

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The 380-feddan project will be in New Cairo’s Kayameya district. Details are still few and far between, but they say the development will feature residential, administrative, and commercial components.

“We are proud of this new strategic partnership with Dallah Albaraka Group, which extends our firm commitment to supporting Egypt’s real estate sector and contributing to the country’s unprecedented urban renaissance. Egypt’s property market is full of promising potential, and we believe in the importance of delivering projects that uphold the highest quality standards and place customer comfort first,” Emaar Properties founder Mohamed Alabbar said in a separate statement (pdf) from the company.

This isn’t even Emaar Misr’s biggest development in the works, with the developer working on a EGP 900 bn integrated tourism complex alongside Saudi-owned Citystars Properties called Marassi Red Sea. The USD 19.0 bn project will feature 12 hotels, thousands of residential units, a world-class marina, and a range of leisure and community facilities. Earlier in the year, Emaar also partnered with Midar for Investment and Urban Development to launch New Mivida in New Cairo, an EGP 100 bn residential project that includes nearly 2.9k homes, a school, and a sports club.

DATA POINT- Emaar’s investment in Egypt now total EGP 1.9 tn, while its land bank currently stretches some 34.6 mn square meters. The company is now in the process of doubling these figures over the coming years, according to Alabbar.

IN OTHER REAL ESTATE NEWS-

#1- ÈLM Developments has signed an EGP 3.5 bn agreement with Consolidated Contractors Company Egypt (CCC Egypt) to develop its ELM Tree project in SIxth of October, the company said in a statement (pdf). CCC Egypt will serve as the main contractor responsible for delivering the full scope of works for the project. The 58 acre development will allocate more than 80% of its area to green and open spaces and will feature low density residential units, a 26-acre commercial and administrative zone, and a social club with sports and recreational facilities.

#2- Real estate developer Madinet Masr recorded EGP 36.3 bn in new sales during the first nine months of 2025, according to a disclosure (pdf) to the EGX. The developer saw its unit deliveries jump 112% y-o-y and over EGP 2 bn-worth of reservations during the period. The figures highlight “substantial demand” following the launch of several new projects and partnerships in the nine-months period.

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