Hassan Allam Properties (HAP), a number one actual property developer in Egypt, has acquired a brand new 279-feddan land plot in MIDAR’s Mostakbal Metropolis, marking a major enlargement in one in all Egypt’s fastest-growing actual property markets, notably in East Cairo.
The EGP 35bn mixed-use improvement will supply quite a lot of residential choices, together with single and multi-family houses, and prolong into industrial areas to cater to numerous life-style wants, selling an built-in residing expertise.
Mohamed Allam, CEO of HAP, remarked on the acquisition: “This transfer aligns with our strategic imaginative and prescient to develop our land belongings and presence. It reinforces our sturdy partnership with MIDAR, constructing on the success of Haptown and The Valleys, and continues our joint imaginative and prescient for Mostakbal Metropolis.”
Haptown has offered 93% of its models throughout 140 feddan, that includes 5,000 houses for each single and multi-family residing. The Valleys, spanning 110 feddan, has additionally seen important gross sales since its launch in late 2023.
Ayman Elkousey, Managing Director and CEO of MIDAR, shared his enthusiasm: “We’re thrilled to associate with Hassan Allam Properties once more. Our previous collaborations have been profitable, and we’re dedicated to creating sustainable, community-focused developments. We’re keen to use our experience to this new undertaking and improve Mostakbal Metropolis’s standing as a prime vacation spot.”
