Grit Properties has announced the official launch of its first real estate project in the Egyptian market, RATIO, with total investments amounting to EGP 6bn, marking the beginning of an ambitious expansion plan supported by a robust investment portfolio set to be deployed in the coming period. The launch event witnessed strong attendance from prominent business leaders and public figures, Invest-Gate reports.
Eng. Mohamed Hassan, Chairman of Grit Properties, emphasized that Egypt is currently experiencing extensive urban development, creating compelling opportunities for serious investors across all sectors. He noted that the real estate market is undergoing an unprecedented phase of growth, supported by the state’s sustainable development agenda and its efforts to enhance quality of life.
Hassan added during the press conference, “RATIO represents a strong first step for Grit Properties in the Egyptian market. With ambition and determination, we aim to position ourselves among the next generation of leading developers capable of delivering future-oriented, high-quality projects built on innovation and global standards.” He also revealed plans for future expansion through new residential projects in East Cairo, noting that several promising investment opportunities are currently under review.
For his part, Eng. Haytham Hassan, CEO of Grit Properties, announced that RATIO spans 13,000 sqm and is a mixed-use development encompassing commercial, administrative, and medical components. Strategically located directly on South 90th Street, opposite Hyde Park, the project features a distinctive architectural design developed in partnership with leading consultants, offering flexible unit spaces ranging from 45 to 200 sqm.
He noted that the development comprises two basement levels, a ground floor, and five upper floors, with construction scheduled to begin within a year and delivery expected in 3.5 years. The first phase represents 30% of the total project area, with flexible payment plans starting at 10% down payment and installments of up to seven years.
He added that the company targets achieving EGP 2bn in contractual sales from the project in 2026, explaining that the phased launch strategy is designed to synchronize sales with construction progress, mitigate potential economic risks, and ensure timely delivery.
Grit Properties has partnered with reputable entities to ensure the highest standards in development. The company collaborated with Mimar Architecture & Engineering as the architectural design consultant and AVA as the general consultant—reflecting a commitment to meticulous detailing and exceptional project quality.
The launch event was attended by business leaders, public figures, journalists, and media representatives, who commended the company’s clear vision, structured plans, and leadership’s strategic approach to the real estate market.