In line with its commitment to disclosure and transparency, Palm Hills Developments, Egypt’s leading luxury real estate developer, announced today that it has achieved EGP 75 billion in sales at Hacienda Ras El Hekma during the first two weeks since the project’s launch, through the end of trading on Monday, August 17, 2026, Invest-Gate reports.

Record-Breaking Launch Performance

This marks the highest level of sales recorded during the initial weeks following the launch of any project in Palm Hills Developments’ history, reflecting the exceptional demand and strong customer interest in Hacienda Ras El Hekma.

The project’s strong performance further reinforces Palm Hills Developments’ leading position in Egypt’s real estate market, particularly along the North Coast.

The exceptional customer response also underscores the strength of the Palm Hills brand and its strong market positioning, as well as the appeal and quality of its offerings. It further highlights the company’s ability to identify promising opportunities and capitalize on them to maximize value in high-demand destinations.

Strategic Partnership with Miran Hills

Hacienda Ras El Hekma is being developed under a strategic partnership between Palm Hills Developments and UAE-based Miran Hills, one of the notable Egyptian-Emirati partnerships currently taking shape in the real estate sector.

Under the partnership, Miran Hills owns the land, while Palm Hills leads the development of the project.

The partnership represents an advanced model of joint development, combining Miran Hills’ vision for creating premium coastal destinations with Palm Hills’ expertise in developing integrated, mixed-use communities, backed by a strong track record of successful projects along Egypt’s North Coast.

Sales generated by Hacienda Ras El Hekma will be included in the company’s total new sales for the third quarter of 2026.