TOREC Developments is an Egyptian developer founded in 2015, and one of the few entities operating with direct shareholding from the New Urban Communities Authority. Its portfolio spans residential, commercial and coastal projects across West Cairo and New Alamein.
TOREC Developments is one of the few real estate entities in the Egyptian market operating with direct institutional backing from the New Urban Communities Authority (NUCA). Founded in 2015 under the name “Al Taameer Real Estate Development – First”, the company is chaired by Rady Mostafa Rady and led operationally by CEO Eng. Mohamed Anwar Helal. Within a few years it moved from being a marketing arm for state-owned housing units to a developer holding a portfolio of 5 projects across the residential, commercial and coastal segments.
The company’s developments are spread across New Zayed, Sheikh Zayed, 6th of October and New Alamein, with currently available units starting from EGP 16,500,000 under payment plans extending up to 9 years. The portfolio ranges from standalone villas and duplexes to commercial and administrative units, alongside apartments delivered through government housing programmes.
About TOREC Developments
The company’s full registered name is Al Taameer Real Estate Development – First, the name under which it was established in 2015 before adopting its current brand identity as TOREC Developments.
Its founding shareholder structure is unusual by Egyptian market standards. It brings together the New Urban Communities Authority as the controlling shareholder, alongside Al Oula for Real Estate Finance, MID Bank, the Holding Company for Investment and Development, Misr Insurance and Misr Life Insurance — a mix that gives the company a financial and institutional cover quite different from the conventional private developer model.
According to published press statements, the company started with a capital of EGP 5 million, which was later raised to EGP 50 million and then to EGP 124 million in 2018, reflecting a gradual scaling of activity rather than sudden expansion.
In its early years the company’s role was limited to marketing units allocated by the New Urban Communities Authority. Early 2021 marked a turning point, as full real estate development was added to its scope of work and the company began launching projects under its own brand.
Today its expertise covers four connected sectors: residential and commercial design and development, real estate asset management, leasing, and facility management after handover. That extension means the company’s relationship with a project does not end at delivery, but continues into preserving the asset’s rental and market value.
Geographically, its work is concentrated in West Cairo through Sheikh Zayed compounds and projects and New Zayed, while it extends into 6th of October through its participation in the government housing programme, and into the North Coast through its presence in New Alamein. The result is a portfolio balanced between permanent housing, seasonal units and commercial investment.
TOREC DEVELOPMENTS
TOREC Developments Board of Directors
The company relies on a management team that combines engineering expertise with a public-sector institutional background, which is reflected in how its projects are run and how it deals with land authorities.
Salem Mohamed Abdallah Nada — Head of Legal Department.
Nermine Sirry — Manager of Human Resources.
Alongside its chairman, the board includes members with engineering and economic backgrounds, among them Dr. Walid Abbas, Dr. Abdelkhalek Ibrahim, Eng. Amin Ghoneim, Eng. Ahmed Moussa, Dr. Hassan El Shourbagy and Eng. Ahmed Ibrahim, in addition to Maha Marwan and Elham El-Sergany.
This composition explains a good part of how the company operates, as it merges public-sector experience in land management and urban master planning with private-sector expertise in marketing and commercial operation.
TOREC Developments Philosophy
The company’s approach rests on a different equation from the market norm, favouring limited-count residential communities over large high-density compounds. This shows clearly in its most recent project, which is capped at just 65 units across 11 acres.
The same philosophy carries into built-up ratios, where the building mass does not exceed 20% of the total area in its residential projects, with the remainder allocated to green spaces, landscaping and facilities. In practice this means wider gaps between units, and natural light, ventilation and open views for every home.
On the execution side, the company favours releasing limited phases delivered over relatively short timelines rather than open-ended long-term launches — an approach that narrows the trust gap between contracting and handover.
TOREC Developments Vision
The company’s vision is to become Egypt’s leading real estate developer with a diverse portfolio addressing a wide range of client segments, while setting new benchmarks for excellence and innovation in how residential communities are designed and operated.
Its mission translates that vision into a commitment to building vibrant communities across Egypt’s most prominent destinations, delivering a level of service that protects the client’s investment value after handover rather than only before it.
TOREC Developments Objectives
Complete the shift from marketing state-owned units to full-scale real estate development under an independent brand.
Expand within the West Cairo market through New Zayed, currently the strongest demand pocket for villas and premium units.
Diversify the portfolio across residential, commercial and coastal assets to reduce reliance on a single segment.
Participate in government housing programmes aimed at above-average income segments in cooperation with financing entities.
Build out the asset management and facility management arm to sustain rental yields in delivered projects.
Maintain low building density across residential projects to protect privacy and resale value.
TOREC Developments Strategic Partnerships
The nature of the company’s partnerships differs from the market standard, since the most significant one is not commercial but institutional — a partnership with the land authority itself.
New Urban Communities Authority (NUCA) — the controlling shareholder in the company and the owner of the land, which gives its projects a clear legal standing in terms of allocation and licensing.
Housing and Development Bank — financing and launch partner in the government housing project in 6th of October, where reservation and payment procedures are processed through the bank.
Al Oula for Real Estate Finance — a shareholding partner supporting the financing side of instalment sales.
Misr Insurance and Misr Life Insurance — institutional shareholders that strengthen the company’s financial solvency.
Holding Company for Investment and Development — a shareholding partner with a background in managing large-scale urban projects.
For enquiries about investment opportunities and contracting terms across TOREC Developments projects, you can reach the TOREC Developments hotline+201118183030 for detailed information from the sales team.
The table points to a small portfolio in number, yet one distributed across four destinations and three asset types — a spread that suggests a gradual expansion strategy testing more than one segment rather than concentrating on a single format.
TOREC Developments Projects on Our Website
TOREC Developments Projects in New Zayed
T Pearl New Zayed is the company’s project currently available on our website. It sits inside the Green Belt area, Basin 1, directly on Dahshour Road opposite the Zayed 5 entrance, just 400 metres from the Dahshour link road.
The project holds only 65 units spanning ground duplexes, townhouses, twin houses and standalone villas, with areas starting from 190 sqm. Price per metre ranges between EGP 80,000 and EGP 106,000 depending on unit type and position within the compound.
Its most notable advantage is that units are offered on an immediate handover basis within 6 months — a rare proposition in the New Zayed market, where off-plan launches dominate. Prices start from EGP 16,500,000 with a 5% down payment and instalments extending up to 9 years.
To enquire about the latest prices or book a site visit for any TOREC Developments project, you can reach the TOREC Developments sales number+201118183030 for price quotations and instalment schedules.
Investment Advantages in TOREC Developments Projects
Institutional cover on the land: having the New Urban Communities Authority as a controlling shareholder means project land carries a clear legal position in terms of allocation and contracting — a factor that reduces the administrative delay risk faced by some projects in the market.
Immediate handover as proof of execution: offering units ready for delivery within 6 months in New Zayed is practical evidence of schedule commitment, and it lets the buyer occupy or lease the unit within the first year of contracting instead of waiting several years.
Limited supply and low build ratio: capping the residential project at 65 units with a 20% build ratio creates scarcity and privacy at once — the two factors with the strongest influence on resale pricing in the West Cairo villa market, particularly given the limited supply of ready villas in New Zayed.
Extended interest-free payment plan: a 5% down payment with instalments up to 9 years on a ready unit means part of the instalment can realistically be covered by direct rental income — an equation off-plan projects cannot offer.
Continued management after handover: the company’s in-house asset and facility management arm means the project’s operation is not left to chance after delivery, which supports the stability of unit value over the medium term.
Other Projects in New Zayed on Our Website
For buyers comparing alternatives within the same catchment before committing, the New Zayed and Sheikh Zayed area holds a set of projects by other developers across different price points and unit sizes.
Solana Compound — a project by Ora Developers spanning around 316 acres on Dabaa Road, offering townhouses, twin houses and standalone villas.
Naia West Compound — developed by Naia Developments, combining standalone villas and apartments with areas starting from 95 sqm.
Azha New Zayed Compound — a Madaar Developments project across 200 acres with units starting from 100 sqm.
Park Valley Royal Compound — by Eved Developments, targeting the villa segment with areas starting from 228 sqm.
One District Compound — developed by ROI Developments with units starting from 70 sqm.
Contact TOREC Developments
To get the latest information on TOREC Developments projects, you can reach the dedicated sales team for enquiries about prices, site visit bookings and payment plan details.
The TOREC Developments sales team provides a free property consultation covering a quick read of the client’s needs and budget, a recommendation of the most suitable project from the company’s portfolio, on-site unit viewings, and a walkthrough of all available financing and payment options.
TOREC Developments brings together three elements that rarely sit within one developer: direct institutional cover from the New Urban Communities Authority giving its project land a clear legal position, a low-density development approach that protects privacy and resale value, and the ability to offer units ready for immediate handover in a market dominated by off-plan sales.
For enquiries about the latest prices, available unit sizes and instalment schedules, you can reach the TOREC Developments sales number: +201118183030 for a full property consultation and an on-site viewing of the units.
Frequently Asked Questions
Rady Mostafa Rady serves as Chairman of the Board at TOREC Developments, while Eng. Mohamed Anwar Helal holds the position of Chief Executive Officer. The board also includes several members with engineering and economic backgrounds.
The company's portfolio holds 5 projects: T Pearl in New Zayed, Bliss Gate and T Square Mall in Sheikh Zayed, T Residences in New Alamein, and the Saba project in the Northern Expansions of 6th of October.
The company was founded in 2015 under the name Al Taameer Real Estate Development – First. It began by marketing units allocated by the New Urban Communities Authority, then shifted in early 2021 into full-scale development under its own brand.
The New Urban Communities Authority is the controlling shareholder in the company, and the shareholder structure also includes Al Oula for Real Estate Finance, MID Bank, the Holding Company for Investment and Development, Misr Insurance and Misr Life Insurance — which gives its projects a clear legal standing on the land.
Units at T Pearl New Zayed start from EGP 16,500,000, with a price per metre ranging between EGP 80,000 and EGP 106,000 depending on unit type. A payment plan is available with a 5% down payment and instalments up to 9 years.
The TOREC Developments sales number is +201118183030, available daily from 10 AM to 10 PM for enquiries about prices, payment plans and site visit bookings.
The TOREC Developments hotline is +201118183030, through which you can get a free property consultation and a recommendation of the most suitable project from the company's portfolio.
