City Edge Developments

City Edge Developments is Egypt’s national real estate developer, established in 2017 through a partnership between the New Urban Communities Authority and the Housing and Development Bank.

Led today by CEO Eng. Tamer Nasser, the company reached contracted sales exceeding EGP 38 billion by the end of 2023, cementing its position among the country’s leading developers.

Its residential, coastal, and commercial projects span the New Administrative Capital, New Cairo, the Fifth Settlement, New Alamein, the North Coast, Sheikh Zayed, and New Mansoura, with prices starting from around EGP 4,400,000 for coastal units and exceeding EGP 36,000,000 for Fifth Settlement villas, backed by long payment plans with low down payments.

City Edge Developments

About City Edge Developments

City Edge Developments was founded in 2017 and officially launched in the Egyptian market in January 2018.

The company emerged from a government-banking partnership combining the New Urban Communities Authority with a 60% stake, the Housing and Development Bank with 38%, and the Holding Company for Investment and Development with 2%, with a paid-up capital of EGP 1.3 billion.

The company operates across residential, commercial, administrative, and hospitality development, alongside asset management and third-party development services.

According to its official website, it manages over 15.1 million sqm of developed land through more than 30 projects across 6 strategic destinations.

Its projects are located in the New Administrative Capital, New Cairo, the Fifth Settlement, New Alamein, and the North Coast, in addition to Sheikh Zayed and New Mansoura on the Delta coast.

According to Forbes Middle East 2026 data, total developed units reached 26,607 units with 8,296 units under construction, while the company sold more than 5,900 units during 2025 alone and launched 9 new projects, an expansion pace that reflects strong demand for its brand.

City Edge Developments

City Edge Developments Board of Directors

The company is led by Eng. Tamer Nasser, who assumed the position of Chief Executive Officer in September 2024.

A 1991 graduate of Cairo University’s Faculty of Engineering with over 33 years of experience in managing large-scale projects.

he was named by Forbes Middle East among the region’s 100 most influential real estate leaders in both 2025 and 2026.

The board of directors includes prominent banking and government figures, most notably:

• Eng. Ashraf Salman, Chairman of City Edge Developments.
• Mr. Hassan Ghanem, Chairman and Managing Director of the Housing and Development Bank.
• Mr. Tarek Kabil, former Minister of Trade and Industry.
• Mr. Mohamed Essam El-Din, Assistant Minister of Housing and Utilities.
• Mrs. Lobna Helal, who served as Deputy Governor of the Central Bank of Egypt.

City Edge Developments Philosophy

The company’s philosophy combines governmental planning discipline with banking financial strength.

Its ownership structure allows it to execute massive projects in fourth-generation cities without relying on short-term financing, while collaborating with top consulting firms on design and supervision to guarantee execution that matches global standards.

The company also adopts the integrated community model, combining housing, retail, and services within a single destination, while dedicating high land ratios to green spaces and water features across both its residential and coastal projects.

City Edge Developments Vision

To be the leading national brand associated with premium real estate development in Egypt, building sustainable value in every community it creates and managing its projects in a way that reflects the state’s vision for modern urban development.

City Edge Developments Goals

• Strategic expansion of the real estate portfolio across fourth-generation cities and promising coastal destinations.
• Strengthening partnerships with the government and private sectors in development and asset management.
• Growing third-party development services and managing external investments across residential, hospitality, retail, office, and education sectors.
• Delivering rewarding shareholder returns while raising customer satisfaction through delivery quality and after-sales services.

City Edge Developments Strategic Partnerships

• New Urban Communities Authority (60%): the government body responsible for planning Egypt’s new cities since 1979, providing the company with prime land and full planning support.
• Housing and Development Bank (38%): the financing arm of the partnership, a bank specialized in housing and real estate development finance since its establishment in 1979, granting the company financial strength that supports delivery schedules.
• Holding Company for Investment and Development (2%): an institutional partner completing the entity’s governmental ownership structure.

City Edge Developments Awards and Recognition

The company’s CEO earned a place on the Forbes Middle East list of the region’s 100 most influential real estate leaders for two consecutive years, 2025 and 2026, a regional acknowledgment of the operational growth and portfolio diversification the company achieved during this period.

To inquire about new investment opportunities and partnerships with City Edge Developments, you can reach the City Edge Developments hotline ‎+201118183030 for detailed information from the sales team.

City Edge Developments Track Record

The company’s portfolio covers premium housing, coastal towers, and commercial-administrative malls.

The following table presents its most prominent projects:

This spread between the capital, the coast, and the Delta reflects a geographic diversification strategy that addresses permanent housing, summer homes, and commercial investment all at once.

City Edge Developments Projects on Our Website

City Edge Projects in the New Administrative Capital

Al Maqsad Compound New Capital

Al Maqsad Compound sits in the R3 residential district on plots D4-D5 near the Green River and the Ring Road.

It stands out for its multiple phases, spanning Al Maqsad Villas, Al Maqsad Residences, the Promenade, Argan, and Al Maqsad Park, with units ranging from apartments to townhouses and standalone villas between 111 and 570 sqm.

New Garden City occupies a pivotal spot in the R5 district close to the Central Business District and the Iconic Tower, offering apartments and townhouses with modern European designs starting from 80 sqm, with installments extending up to 15 years.

R-Five Compound is the company’s latest launch in the capital, distinguished by a low down payment starting from 5% with payment periods reaching 10 years.

 making it the most accessible entry point to owning a unit from a government-backed developer inside the capital.

City Edge Projects in the Fifth Settlement

V40 Compound is a pure boutique villa community on a concentrated plot in the heart of New Cairo, targeting the luxury villa segment with elevated privacy and direct proximity to educational and entertainment facilities.

V60 Compound lies behind the Redcon project near 90th Street, offering fully finished apartments and duplexes with a dedicated service zone of nearly 20 feddan of the total project land.

Lush Valley Compound in the Lotus area near the American University features a built-up ratio of just 16% against 70% landscape and artificial lakes, with units spanning apartments, lofts, and triplex mansions.

V40 District Mall represents the company’s commercial-administrative arm on North 90th Street facing Maxim Mall, with a facade stretching about 400 meters, housing semi-finished offices and clinics with delivery expected in 2029.

City Edge Projects in New Alamein

New Alamein Towers by City Edge Developments

New Alamein Towers at kilometer 48 of the Alexandria-Matrouh road near the Marina and Alamein Museum comprise 25 towers with panoramic Mediterranean views and units starting from 48 sqm.

The Gate Towers deliver fully finished units directly on the beach with a design blending European luxury and the smart coastal city concept, offering interest-free installments of up to 7 years.

North Edge Towers stand as the city’s hotel-style icon with around 230 units per tower, combining apartments and serviced chalets with open views over the sea or the landscape.

Downtown New Alamein is a mixed-use community in the heart of the city comprising 40 buildings and about 1,320 fully finished units, with 70% of the land dedicated to services and open spaces.

Mazarine Hub is the commercial destination complementing the Mazarine community, offering retail and service units with down payments starting from 5% and installments of up to 12 years.

City Edge Projects on the North Coast

Mazarine New Alamein by City Edge

Mazarine at kilometer 107 near the Fouka road and Alamein International Airport is the company’s first tourism venture in the area, wrapped around lagoon lakes with a mix of chalets, villas, and townhouses.

Latin District draws its character from Alexandria’s Latin quarters with Mediterranean-styled buildings and units ranging between 55 and 250 sqm, offering a fully serviced urban seaside living model right on the sea.

To inquire about the latest prices or book a site visit for any City Edge Developments project, you can reach the City Edge Developments sales number ‎+201118183030 for price offers and installment schedules.

Why Invest in City Edge Developments Projects

• Government-banking backing: majority ownership by the New Urban Communities Authority with Housing and Development Bank financing, granting execution reliability and financial strength rarely matched among developers.
• Genuine payment flexibility: down payments starting from 1.2% in select coastal launches and installment periods reaching 15 years in the New Administrative Capital.
• Ready-to-operate units: the coastal towers are delivered fully finished, opening the door to seasonal rental income in New Alamein right upon handover.
• Geographic diversification within one portfolio: the ability to combine a permanent home in the capital or New Cairo with a summer unit on the Mediterranean from the same developer.

Contact City Edge Developments

To get the latest information about City Edge Developments projects, you can reach the specialized sales team to ask about prices, book site visits, and learn the details of payment plans.

City Edge Developments sales number: ‎+201118183030

Available daily from 10 AM to 10 PM

City Edge Developments hotline: ‎+201118183030

Available daily from 10 AM to 10 PM

The City Edge sales team provides a free real estate consultation that includes a quick analysis of the client’s needs and budget, a recommendation of the most suitable project from the company’s portfolio, along with arranging site visits to available units and presenting all financing and payment alternatives.

Why Choose City Edge Developments Projects?

City Edge Developments combines government ownership that guarantees execution, geographic diversity covering the capital, the coast, and the Delta, and payment flexibility suiting first-time buyers and investors alike.

To ask about the latest prices, available spaces, and installment schedules, you can reach the City Edge Developments sales number ‎+201118183030 for a comprehensive real estate consultation and on-ground unit viewing.