Hyde Park expands its real estate portfolio with developments in prime locations across East and West Cairo، as well as the North Coast
Hyde Park Developments continues to expand its footprint in the Egyptian market، diversifying its investment portfolio with projects in West Cairo and the North Coast and its flagship development، Hyde Park Fifth Settlement.
The company demonstrates strong performance in project execution and sales.
Founded in 2007 as Damac Properties، the company underwent a significant ownership change in 2009 when the Housing and Development Bank، the Egyptian Arab Real Estate Bank، and the Holding Company for Investment and Development acquired a 60% stake.
In May 2013، the New Urban Communities Authority joined as a shareholder and strategic partner، replacing Damac Properties Group.
In March 2024، the National Bank of Egypt acquired a 24% stake in Hyde Park by purchasing shares from the Egyptian Arab Land Bank. Hyde Park’s land portfolio now exceeds 6 million square meters، encompassing several key projects.
These include Hyde Park Fifth Settlement، which spans 1177 acres the Tawney project، covering 31 acres in 6th of October City the Garden Lakes project، spanning 69 acres in 6th of October City; and the 240 -acre Seashore project on the North Coast.
Hyde Park remains committed to selecting prime locations for its developments to maximise value.
Seashore Project
A key phase of the Seashore project in Ras El Hekma on the North Coast sells out entirely within 24 hours of its launch
Hyde Park Developments recently launched its Seashore project in Ras El Hekma on the North Coast، marking its first venture in the region as a strategy to diversify its real estate portfolio.
Strategically positioned at Kilometer 214 on Ras El Hekma Road، the project offers convenient access to major routes: 52 kilometres from Dabaa Road، 91 from New Alamein Road، and 120 from El Alamein Road.
The Seashore project features an urban design based on terraced levels، reaching up to 32 meters in height، ensuring panoramic sea views for all residential units.
The development spans 550 meters along the coast and includes approximately 25 swimming pools of various sizes. Some units also overlook lakes and pools.
The project’s master plan was designed by EDSA Consultancy، and the architectural designs were by international firm SB Architects.
The master plan was crafted by global consultancy EDSA، with architectural designs by the international firm SB Architects، ensuring high-quality، distinctive designs that enhance the project’s appeal.
Hyde Park demonstrated strong market demand by selling all units in the Shoreville phase، the final chalet phase of the Seashore project، within just 24 hours of its launch، generating over EGP 3 billion in sales.
This rapid sellout underscores the high level of customer confidence in Hyde Park.
Hyde Park، New Cairo
Rapid progress at Hyde Park New Cairo includes 20000 units and investments totaling EGP 80 billion
Hyde Park New Cairo، the company’s flagship project، encompasses 20000 residential units of various designs، representing an investment of approximately EGP 80 billion.
The development offers advanced services and amenities، including a clubhouse 600000-square-meter central garden، administrative and business districts، and HydeOut entertainment areas.
Garden Lakes
Hyde Park is also developing the Garden Lakes project in 6th of October City، located near Al-Jazira Sports Club، Mall of Egypt، and Mall of Arabia.
The 69-acre development features a range of luxury apartments and duplexes with modern designs that prioritise residents’ privacy.
Founders
Founders Company makes significant strides in marketing and consulting، providing services to major public and private sector entities.
In 2020، Hyde Park Developments launched Founders Company as a strategic arm focused on executing marketing and commercial plans، providing customer services، and offering development consulting services to various government and investment entities in the real estate sector.
The National Bank of Egypt acquires a 24% stake in Hyde Park by purchasing shares from the Real Estate Bank
Following its inception، Founders formed a strategic alliance with Al-Ahly Sabbour to develop and implement the commercial plan for the Gardenia City project، owned by the National Bank of Egypt and Banque Misr.
Spanning 513 acres، the project includes approximately 19500 fully finished residential units ready for immediate occupancy، with a sales target exceeding EGP 24 billion.
Founders also partnered with Al-Ahly Sabbour to market the Wessal City project at Kilometer 30 on the Cairo-Suez Road.
This development comprises over 11000 fully finished residential units of various sizes، all equipped with facilities and ready for immediate residence.
