Grand Plaza for Real Estate and Touristic Development Grand Plaza for Real Estate and Touristic Development is an Egyptian joint-stock company led by Eng. Sherif Farouk Othman, with an industrial and investment background spanning approximately 20 years prior to entering the real estate development sector.
The company’s portfolio is distributed across five existing projects in Fifth Settlement and Mostakbal City, in addition to previous projects in Heliopolis and Maadi, covering residential, commercial, administrative, and hotel activities.
As for the currently offered residential units, prices start from EGP 7,000,000, with payment plans extending up to 9 years, targeting buyers seeking low population density within the area of 90th Street and its main axes.
The Grand Plaza for Real Estate and Touristic Development was established as an Egyptian joint-stock entity founded by an alliance of investors with extensive experience in the industrial and construction sectors, with the aim of owning, developing, and managing real estate projects under one umbrella.
Real estate development was then introduced as a calculated diversification step based on an already established financial foundation rather than external financing.
The company is currently led by Eng. Sherif Farouk Othman, who represents the second generation within the group. Alongside his real estate activities, he owns six paper, cardboard, and plastic factories, a background that has directly influenced the company’s project management approach, as it relies on a self-execution model rather than assigning the entire project to a general contractor.
The group’s activities span residential, commercial, administrative, and medical development, in addition to hotel operations, with a focus on new cities east of Cairo.
The company began its journey with residential and commercial projects in New Cairo and older areas such as Heliopolis and Maadi, before moving into the development of fully serviced gated communities in Fifth Settlement and Mostakbal City.
The company completed its first residential project in Fifth Settlement and fully delivered it to its customers. The project comprises 608 units distributed across 25 buildings on an area of 22 acres, while the next phase of expansion focused on Mostakbal City through a larger project being developed across several sales phases.
According to statements by the Chairman of the Board, the investments allocated to La Mirada Mostakbal amount to approximately EGP 4 billion, with all land dues owed to the owning entity fully paid.
The self-execution model adopted by the company has a direct impact on the buyer. Separate contracts with suppliers for each finishing and equipment item allow quality to be monitored at its source instead of simply receiving the completed project from a single contractor. It also reduces the likelihood of work stoppages if one party in the chain encounters difficulties.
This arrangement helped the company complete the execution phases of its first project and move to a larger project in Mostakbal City within a relatively short period compared with developers who entered the market at the same time.
Eng. Sherif Farouk Othman serves as Chairman of the Board of the company and is its most prominent media representative at conferences and in press statements related to execution and launch plans, combining the management of the group’s industrial activities with the leadership of its real estate arm.
The shareholder structure includes a group of investors with extensive experience in the Egyptian construction market, which has given the company the ability to self-finance execution phases since its launch.
Operating under the Board of Directors is an internal executive structure that includes procurement, warehousing, execution, technical office, quality, and finishing departments. This organizational structure explains the company’s reliance on direct execution of its projects.
The company’s philosophy is based on a clear approach to land allocation: reducing the built-up area to the lowest possible percentage while expanding open spaces. In its Fifth Settlement project, the building ratio did not exceed 20% of the total land, while approximately 70,000 m² was allocated to landscaping, water features, and recreational facilities.
The same approach is evident in the preference for a limited number of units over maximum land utilization, as the company deliberately creates green and water buffers between buildings to prevent facing views, enhancing privacy within each unit and reducing pressure on facilities and entrances.
The company also handles finishing works and supplies through direct contracts with specialized suppliers for each item separately, an arrangement that gives it greater control over quality and the project schedule.
The same approach extends to dividing a single project into successive sales phases rather than launching the entire project at once. This method allows the company to review unit areas and payment plans with each new launch in line with changes in buyers’ purchasing power, while also allowing the proceeds from each phase to be directed toward executing the following phase.
This is reflected in the diversification of customer segments within a single project, where one-bedroom units aimed at first-time buyers are located alongside larger areas and apartments with private gardens designed for families.
The company’s vision is summarized in developing distinguished residential communities that meet the expectations of a customer segment seeking a high-quality lifestyle at affordable prices and with flexible payment plans, while offering a practical and elegant architectural concept that facilitates daily life and accommodates the different needs of each customer within the same project.
The company has relied on a network of specialized suppliers and contractors to execute its projects rather than contracting with a single general contractor. The execution items are distributed as follows:
For inquiries about new investment partnerships with Grand Plaza, you can contact Grand Plaza’s hotline +201118183030 to obtain detailed information from the sales team.
| Project | Location | Type | Area | Status |
|---|---|---|---|---|
| La Mirada Fifth Settlement Compound | Fifth Settlement | Residential | 22 acres | Delivered |
| La Mirada Mostakbal City Compound | Mostakbal City | Residential | Across sales phases | Under Construction |
| Mirasol Phase Mirasol | Mostakbal City | Residential | 9 acres | Under Construction |
| La Mirada Plaza Mall | Fifth Settlement | Commercial, Administrative, and Medical | Not Announced | Delivered |
| Grand Plaza Hotel | Cairo | Hotel | Not Announced | Operational |
| Previous Residential and Commercial Projects | Heliopolis and Maadi | Residential and Commercial | Not Announced | Delivered |
The table reveals the company’s progression in project scale, as it moved from residential and commercial developments within established areas to fully serviced gated communities in new cities, while maintaining commercial and hotel activities alongside residential development. This diversification makes its portfolio less dependent on a single market cycle.
La Mirada Fifth Settlement Compound is the company’s residential project currently featured on our website. It is located on the Suez Road within Fifth Settlement, 15 minutes from the New American University and 5 minutes from Mohamed Naguib Axis.
The project comprises four phases with different names, with areas starting from 91 m² for one-bedroom apartments and extending to larger areas and apartments with private gardens.
Unit prices start from EGP 7,000,000 with a 10% down payment and installments extending up to 9 years, with a direct discount for those who prefer cash payment. One of the project’s key features is its semi-finished delivery system, which gives owners the freedom to choose finishing materials, in addition to preparing the units with central air-conditioning connections before delivery.
The project is planned with pedestrian walkways and cycling tracks separated from vehicle movement, with garages beneath the buildings accommodating residents’ cars away from the internal streets.
Commercial and recreational facilities are distributed around the phases rather than concentrated in a single location, so that the distance between any building and the nearest facility does not exceed a few minutes on foot.
The company’s projects in Mostakbal City and La Mirada Plaza commercial mall are not currently listed among the project pages on the website, and details and launch dates for their new phases can be obtained directly from the sales team.
For inquiries about the latest prices and to book a viewing for any of Grand Plaza’s projects, you can contact Grand Plaza’s sales number +201118183030 to obtain price offers and installment schedules.
The criteria for evaluating a developer differ from the investor’s perspective compared with the resident’s perspective, as the former is more concerned with resale potential, supply volume, and rental yield than with finishing details and services. The following are the key factors supporting the investment aspect of the company’s portfolio:
To obtain the latest information about Grand Plaza’s projects, you can contact the specialized sales team to inquire about prices, book viewings, and learn about payment plans.
Grand Plaza’s sales team provides a free real estate consultation that includes a quick analysis of the customer’s needs and budget, along with recommendations for the most suitable project from the company’s portfolio, as well as on-site viewings of available units and a presentation of all financing and payment alternatives.
Grand Plaza for Real Estate and Touristic Development combines three elements that are difficult to find together in new-city projects: low population density that preserves privacy within the unit, self-execution that reduces the risk of delivery delays, and flexible payment plans starting with a 10% down payment and extending over long periods.
For inquiries about the latest prices, available areas, and installment schedules, you can contact Grand Plaza’s sales number: +201118183030 to receive a comprehensive real estate consultation and view the units in person.
