Amid the challenges facing the Egyptian real estate market, Living Yards Developments continues to strengthen its position as a key player, relying on a balanced vision that combines long-term planning, strong financial solvency, and innovative projects.

The company, which has delivered several prominent projects in the New Capital and New Cairo, is now preparing for a new phase of growth through unprecedented launches and carefully studied pricing.

In this exclusive interview with Invest-Gate, Eng. Mohab El-Tabie, CEO of the company, speaks about expansion plans, the company’s key ongoing and upcoming projects, as well as his outlook for the future of Egypt’s real estate sector.

To begin with, what are the key projects currently under development?

There are projects under negotiation in the 6th of October and Sheikh Zayed areas, in addition to the Cairo–Alexandria Desert Road and the Dahshour Axis.

In New Cairo, we have a 27-acre land plot in Golden Square area, which is also under negotiation. As for the North Coast, it remains one of the most important investment destinations we are giving special attention to.

Are there currently opportunities available in the North Coast?

Opportunities do exist but securing them is not easy due to regulatory procedures between the governorate and concerned authorities, in addition to fulfilling all legal requirements.

Is it expected that any of these projects will be launched this year?

Our design phase usually takes between 6 to 9 months, so it is unlikely to launch them during 2025.

So, can we say that next year we will witness new project launches?

Indeed, we are planning to launch two new projects in 2026.

Let’s move to your commercial projects… what about your latest launches and pricing?

We recently launched Noir mall in New Cairo, which is considered an unprecedented offering in terms of pricing. The price per square meter for commercial space reached about EGP 440,000, while retail prices ranged between EGP 320,000 and EGP 380,000 per sqm depending on the activity. Administrative offices ranged between EGP 190,000 and EGP 260,000 per sqm, with areas starting from 47 sqm and reaching up to 9,000 sqm.

How do you view the future of the real estate market in the coming period?

We expect the market to undergo a kind of economic correction, with natural price increases of around 10% to 15%, away from major spikes linked to exchange rate fluctuations. I emphasize that strong financial solvency has become a decisive factor for companies in their ability to withstand market changes.

And what about The Loft project in the New Capital?

The Loft project extends over an area of 22.5 feddans, with 81% allocated to green spaces and services and only 19% for buildings. It includes about 900 fully finished residential units ranging between apartments, duplexes, and penthouses, ranging from 78 to 434 sqm. The project was designed with an English architectural touch by DMA in collaboration with Callison RTKL.

The company is currently delivering the first phase, consisting of 317 units, according to the timeline and with the highest standards of construction and finishing. Four different finishing packages are offered — Basic, Flexi, Premium, and Luxury — to meet all customer needs.

And what are the main features of the project in terms of design and services?

The Loft includes 8 buildings, each consisting of a ground floor and 7 repeated floors, divided into 3 phases. Each phase is considered an independent mini compound with its own swimming pool, jogging track, barbecue areas, in addition to a central park serving the entire project.

It is the first fully completed compound with the highest quality construction, located next to the Banks Complex and the Ministries District. It is also close to three main axes: The Regional Ring Road, the Middle Ring Road, and Mohamed Bin Zayed South Axis. The project is also near the Presidential Palace, the Cathedral, the Capital Airport, and Al-Fattah Al-Aleem Mosque.

The project includes a total of 942 apartments; 317 units in the first phase have already been completed, and we have already started delivering them. The second phase has reached 80% completion, and the third phase 60%. The second phase is planned to be delivered before the end of this year, while the third phase is scheduled for 2026.

Do you plan to expand into the Red Sea region?

I’m very impressed with the project currently being developed by Emaar there. Having previously worked with Emaar, I believe this project will be a strong addition that could attract major foreign investments and help stabilize the exchange rate.

We do aspire to enter the Red Sea market in the future, but for now, our focus is on a limited number of projects to ensure high quality and innovation in execution.

What is the size of investments you plan to inject in the coming period?

Our current investments amount to around EGP 32bn, but our five-year plan targets investments of up to EGP 90bn, based on the studies we have conducted.

Finally, do you rely on partnerships with other developers?

So far, we have worked independently by purchasing land directly from the authority. However, we have already initiated our first co-development project, reflecting the flexibility of our investment strategy.