Memaar Al Morshedy is a prominent Egyptian real estate developer established in 1983 by Mohamed Morshedy. With a portfolio exceeding 1,100 buildings and 156 complexes, the company has significantly influenced Egypt's urban landscape. As of 2022, Memaar Al Morshedy reported total assets worth $6 billion, encompassing 14 major residential, commercial, and administrative projects .
Notable Developments by Memaar Al Morshedy
1. Degla Gardens – 6th of October
Area: 100 feddans
Design: 82% green spaces and artificial lakes
Unit Types: Apartments and villas (1–3 bedrooms)
Pricing: Starting from EGP 45,000/m²; ground-floor units with gardens from EGP 7.36 million
Amenities: Clubhouse, schools, medical center, shopping mall, swimming pools, and sports courts
2. Lake Front – 6th of October
Unit Types: Apartments and duplexes
Unit Sizes: 157–344 m²
Pricing: EGP 50,000–90,000/m²
Payment Plan: 5% down payment, balance over 7 years interest-free
Facilities: Shopping mall, hypermarket, health club, swimming pools, and medical center
3. Degla Palms – 6th of October
Area: 350 feddans
Unit Types: Apartments
Unit Sizes: 30–160 m²
Pricing: Starting from EGP 54,000/m²
Amenities: Market, shopping mall, kids' area, recreational area, health club, sports fields, garages, swimming pools, pharmacies, medical clinics, and social club
4. Degla Landmark – Nasr City
Area: 14 feddans
Unit Types: Residential apartments
Unit Sizes: 55–158 m²
Pricing: Starting from EGP 50,400/m²
Payment Plan: 5% down payment, balance over 8 years or 10% down payment with installments over 3 years
Facilities: Restaurants, cafes, gym, swimming pools, kids' area, health, social and sports club, schools, and universities
5. Grand City – Maadi
Area: 30 feddans
Unit Types: 32 residential towers (11 floors each)
Unit Sizes: 120–200 m²
Pricing: EGP 5–10 million
Payment Plan: 10% down payment, balance over 7 years
Amenities: Kids' area, spa, gym, mini market, commercial areas, administrative buildings, pharmacies, medical centers, garages, sports and social clubs
6. Crystal Plaza – Maadi
Unit Sizes: 70–300 m²
Pricing: Starting from EGP 8,000/m²
Payment Plan: Installments up to 6 years
Facilities: Artificial lakes, swimming pools, crystal lagoons, green spaces, spa, game center, library, cleaning services, dedicated bike paths, 24/7 security and guarding
7. Rayhana Avenue – Maadi
Unit Sizes: 73–198 m²
Facilities: Cafeterias, international brands, pharmacies, home theater, commercial mall, swimming pool, glass facades
8. Zahra North Coast – Project Overview
Location: Sidi Abdel Rahman, North Coast, Egypt
Developer: Memaar Al Morshedy
Total Area: Approximately 900 acres
Beachfront: 650 meters along the Mediterranean Sea
Design Collaborators: Mohamed Hadid, Raef Fahmy, and VDP
Completion Timeline: Delivery expected in 2025
Zahra North Coast is envisioned as a year-round destination, offering a blend of residential comfort and resort-style amenities. The development is divided into multiple phases, each designed to provide residents with a luxurious and private living experience.
