Palm Hills — Palm Hills October
Palm Hills Developments (PHD) was founded in 2005 by Mansour and Maghraby Investment and Development Company and is traded on the Egyptian Stock Exchange as well as the London Stock Exchange. PHD builds both residential and commercial developments, with commercial developments further divided into five target segments: retail, office space, leisure and health & education. PHD’s project portfolio spans four main regions: West Cairo, East Cairo, the North Coast, the Red Sea, and a land plot in Riyadh, Saudi Arabia. The company’s projects in West Cairo include its flagship Palm Hills October, Golf Views, Golf Extension, Palm Parks, Casa, Bamboo Extension and Woodville. East Cairo developments include Palm Hills Katameya, Palm Hills Katameya Extension, The Village, Village Gate, Village Avenue Katameya, Village Gardens Katameya, Capital Gardens New Cairo and Palm Hills New Cairo. PHD’s developments in the North Coast include Hacienda Bay and Hacienda Bay. PHD is a sub-developer at Egyptian Resorts Company’s Red Sea development Sahl Hasheesh, with 92,000 square meters allocated to PHD. PHD also holds a 5 mn square meter land plot in Saudi’s capital which is being held for sale.
Palm Hills October is built on a 2 mn square meter area and features villas, townhouses and twin houses with plenty of green areas. The development was built in five phases, including the King Palm (Phase 2) with 37 units, Queen Palm (Phase 3) with 56 units and Princess Palm (Phase 5) with 57 units. 732 out of 750 units have been delivered as of April 2016, housing 476 families.
The compound boasts a 27-hole golf course designed by Nicklaus Design. There is also a community mall under development dubbed Street 88 whose purpose is to serve the Palm Hills October Developments whose population is expected to reach approximately 12,000 families. As of April 2016, the mall is 60% complete and will include a polyclinic center.