Cornerstone Development is one of the most established names in Egypt’s real estate development sector, backed by more than 30 years of experience in contracting and real estate development. The company operates with an authorized capital of EGP 600 million under the leadership of Chairman and Managing Director Eng. Ashraf Boulos.
In a remarkably short period, the company achieved sales exceeding EGP 5 billion during 2025 through a portfolio of approximately three major projects across the New Administrative Capital and Mostakbal City, alongside an international presence extending to Cyprus.
Cornerstone delivers its units with an 80% finishing level, offering competitive prices starting from EGP 3,485,000, while maintaining a strong commitment to timely delivery and premium construction quality that creates lasting value for every client.
About Cornerstone Development
The roots of Cornerstone Development date back to the 1970s, when it was founded as a contracting and development company by Eng. Boulos Sr., operating across Cairo and Alexandria.
His son, Eng. Ashraf Boulos, later carried the legacy forward, transforming the family business into a fully integrated real estate developer competing alongside Egypt’s leading companies.
Throughout its long journey, the company has built more than 30 years of expertise in construction and development, with an authorized capital reaching EGP 600 million.
It has also expanded internationally through investments in Cyprus, Algeria, and Canada, gaining global standards in construction and architectural design that are reflected in its projects across Egypt’s fourth-generation cities.
The company manages a portfolio of approximately three major projects concentrated in the New Administrative Capital and Mostakbal City.
To date, it has delivered more than 540 units, including residential and commercial properties, while becoming well known for its 80% finishing model, which enables faster occupancy and stronger investment returns for property owners.
Cornerstone is committed to blending authentic Egyptian culture with international design standards, creating real estate developments that combine luxury with practicality to meet the expectations of a wide range of homeowners and investors seeking distinctive properties.
Cornerstone Development Board of Directors
The company’s management structure is led by a distinguished team of industry professionals responsible for shaping its growth strategy and maintaining the highest execution standards. Its key leadership includes:
- Eng. Ashraf Boulos — Chairman and Managing Director, with more than 30 years of experience in contracting and real estate development. He continued his father’s legacy, expanded the company’s operations, and also served as an advisor to the Egyptian government on several national projects.
- Eng. Morad Shenouda — Operations Director, responsible for supervising project execution and ensuring construction schedules are met, bringing more than 20 years of experience across the commercial and real estate sectors.
- Engineering Consultancy Team — A group of leading architects and consulting firms collaborating with the company, headed by Yasser El Beltagy Architects (YBA), which provides engineering consultancy services for the company’s projects in the New Administrative Capital.
Cornerstone Development’s Philosophy
The company’s philosophy is built on the belief that luxury is defined not only by ownership but by the way residents experience their surroundings.
For this reason, Cornerstone adopts distinctive architectural concepts inspired by the curves of iconic international buildings, while carefully arranging building masses to provide every unit with privacy and attractive views overlooking green landscapes and water features.
Its signature 80% finishing model remains one of the company’s defining advantages, significantly reducing the time required for final finishing and allowing owners to occupy their units much sooner.
In addition, collaboration with leading consultancy firms such as Yasser El Beltagy Architects (YBA) ensures exceptional execution quality and full compliance with technical standards throughout every stage of development.
Cornerstone Development Vision
The company aims to become the preferred choice for clients seeking quality and innovation in both the Egyptian and regional real estate markets by 2030 through the development of sustainable communities that combine elegant architecture with practical functionality, leveraging its international expertise to elevate residential standards in Egypt’s new cities.
Cornerstone Development Goals
- Diversified Real Estate Portfolio: Offering residential and commercial units with a wide range of sizes and price points to accommodate the needs of different customer segments.
- Commitment to Delivery Schedules: Accelerating construction progress and honoring contractual commitments through continuous investment in ongoing developments.
- Architectural Innovation: Delivering distinctive architectural designs that move beyond conventional concepts, exemplified by the curved architecture of The Curve in the New Administrative Capital.
- Environmental Sustainability: Applying green building standards while dedicating the majority of project land to landscaped areas and green spaces, as demonstrated in RED Mostakbal City.
- Geographic Expansion: Increasing investments across fourth-generation cities such as the New Administrative Capital and Mostakbal City, while exploring new opportunities on the North Coast and in West Cairo.
Cornerstone Development Strategic Partnerships
The company has strengthened its market position through a network of strategic partnerships that enhance project quality and secure its land portfolio. Key partnerships include:
- Midar for Investment and Urban Development — A documented partnership to develop 60 acres within the third phase of Mostakbal City, the site of RED project, ensuring that the project’s land is fully licensed and officially documented with the city’s master developer.
- Yasser El Beltagy Architects (YBA) — An engineering partnership providing architectural and design consultancy services for the company’s developments in the New Administrative Capital, ensuring meticulous planning and premium façade design.
- Construction & Consultancy Partners — A network of leading contractors and engineering consultants responsible for delivering projects according to international standards while maintaining the company’s distinctive 80% finishing model.
Cornerstone Development’s Presence at Real Estate Exhibitions
The company has expanded its international client base through participation in the Nile Property Expo in both Riyadh and the United States, where its units featuring the 80% finishing model attracted strong interest from Egyptians living abroad, further strengthening Cornerstone’s reputation as a trusted real estate brand across regional markets.
For inquiries about new investment partnership opportunities with Cornerstone Development, you can contact the Cornerstone Development hotline at +201118183030 to receive complete details from the sales team.
Cornerstone Development Portfolio
The company’s portfolio spans residential and commercial developments across Egypt’s leading fourth-generation cities, in addition to its international projects. The table below highlights its most prominent developments:
| Project |
Location |
Type |
Area |
Status |
| The Curve |
New Administrative Capital |
Residential Compound |
13 acres |
Under Construction |
| The Terraces |
New Administrative Capital |
Administrative & Commercial Mall |
— |
Under Construction |
| RED |
Mostakbal City |
Residential Compound |
60 acres |
Under Construction |
| International Projects Portfolio |
Cyprus |
Mixed Residential & Commercial |
— |
Delivered |
This portfolio reflects a balanced mix of residential and commercial developments across both local and international markets, with a strong focus on Egypt’s fourth-generation cities, where demand from homebuyers and investors continues to grow.
Cornerstone Development Projects on Our Website
Our website features comprehensive information about the company’s flagship projects available for booking, including the latest prices and payment plans.
Cornerstone Projects in Mostakbal City
RED Mostakbal City Compound stands out as one of the most prominent integrated residential developments in the heart of Mostakbal City. Built across 60 acres, the project dedicates 83% of its total area to landscaped gardens, green spaces, and artificial lakes, while only 17% is allocated to buildings. Its name is inspired by a rare red flower found along the Amazon River, giving every residence a picturesque natural setting.
The development offers apartments, duplexes, and penthouses starting from 50 sqm, with prices starting at EGP 3,485,000. Flexible payment plans include a 5% down payment and installments of up to 10 years, alongside cash discounts reaching 47%. The project also enjoys a strategic location close to 90 Street, New Cairo’s main road network, and the New Administrative Capital.
To inquire about the latest prices, installment schedules, or to book a site visit for any Cornerstone Development project, contact the Cornerstone Development Sales Number at +201118183030.
Advantages of Investing in Cornerstone Development Projects
- 80% Finishing Model: Units are delivered with an 80% finishing level, reducing both the time and cost of completing the interiors while enabling earlier occupancy and faster rental returns.
- Flexible Payment Plans: A 5% down payment with installments extending up to 10 years, in addition to cash discounts of up to 47% for buyers choosing full cash payment at RED Mostakbal City.
- Documented Land & Active Construction: A documented partnership with Midar on fully licensed land, supported by ongoing construction and continuous investment to ensure projects are delivered on schedule.
- Low Building Density: Maintaining a construction ratio of no more than 17% in projects such as RED enhances residents’ quality of life while increasing the market value of units overlooking landscaped areas and water features.
To get the latest information about Cornerstone Development projects, contact the company’s specialized sales team for details on prices, site visits, and available payment plans. Call now:
- Cornerstone Development Sales Number: +201118183030 (Available daily from 10:00 AM to 10:00 PM)
- Cornerstone Development Hotline: +201118183030 (Available daily from 10:00 AM to 10:00 PM)
Cornerstone’s sales team provides a complimentary real estate consultation to help every client identify the most suitable project based on their budget and requirements, while also arranging site visits to available units and presenting all financing and payment options.
Why Choose Cornerstone Development Projects ?
Cornerstone Development combines more than three decades of experience with its distinctive 80% finishing model, unique architectural concepts, and fully documented land holdings in Egypt’s most prominent fourth-generation cities.
To learn more about the latest prices, available unit sizes, and installment plans, contact the Cornerstone Development Sales Number at +201118183030 and receive a comprehensive real estate consultation.
