Emaar Misr for Development, Egypt’s leading real estate developer, announced the start of construction works for its “Mivida Gardens” project in East Cairo, less than four months after the project’s launch and the sale of its first phase. The development spans 2.1mn sqm (500 feddans) with an estimated investment of EGP 100bn, Invest-Gate reports.

This milestone reflects Emaar Misr’s strategy to accelerate project execution and strengthen client confidence through strict adherence to delivery schedules and quality standards.

Contracting works have been awarded to major firms including Hassan Allam Construction, Innovo, and Atrium Quality Contractors, with additional contractors to be appointed before the end of the year as part of a comprehensive plan to ensure top-quality implementation.

Mohamed Alabbar, Founder of Emaar Properties, expressed his satisfaction with the progress, stating: “The commencement of construction at Mivida Gardens marks a key step in realizing our vision to accelerate development and reinforce Emaar’s leadership in Egypt’s real estate market.” He added, “Mivida Gardens is a distinctive addition to Emaar’s portfolio, offering an exceptional blend of design, location, and integrated services that reflect our commitment to sustainable and high-quality urban living.”

Emaar Misr is among Egypt’s largest developers, with projects across West Cairo, East Cairo, the North Coast, and the Red Sea — including Marassi, Soul, Belle Vie, Cairo Gate, Uptown Cairo, Mivida, and Marassi Red Sea. The latter, spanning 2,426 feddans on the Red Sea coast, is envisioned as a world-class destination combining luxury living, hospitality, and unmatched marine experiences.

With total investments exceeding EGP 1.8tn and a land portfolio surpassing 33mn sqm, Emaar Misr continues to play a pivotal role in Egypt’s urban development renaissance, supported by an ambitious expansion plan to double its footprint in the coming years.