Kayan Developments and Elaf Developments have announced the launch of their landmark, AQmar Residence, a major mixed-use project in West Cairo with total investments of EGP 20bn. The partnership reflects both companies’ shared vision to deliver high-quality developments that redefine modern urban living in Egypt, Invest-Gate reports.
Strategically located on Wahat Road, directly opposite MSA University and Carrefour, the 41-feddan development combines residential, commercial, and hospitality components to create a fully integrated community. The project embodies both companies’ philosophy of offering innovative real estate products that align with global urban trends and meet the growing demand for upscale housing and investment opportunities.
Eng. Ahmed Tolba, Chairman of Kayan Developments, said that the launch of AQmar Residence marks a new milestone for the company and showcases the strength of its partnership with Elaf. “Our goal is to create a fully integrated community that balances quality of life with investment value, in line with the state’s vision for sustainable urban development,” he explained.
Mr. Hossam El Shahed, Chief Commercial Officer at Kayan, noted that the project represents a major shift in West Cairo’s property market. He highlighted its flexible payment plans, starting with a 5% down payment and up to 10 years of installments, as well as the inclusion of the largest commercial hub in the area and a Radisson hotel—elements that add significant investment value.
Mr. Ahmed AbdelHamid, Head of Sales at Kayan, stated that the development will offer a secure and well-serviced living environment, featuring green spaces, artificial lakes, swimming pools, a clubhouse, a mosque, and advanced security systems.
Mr. Mohamed Ghaly, Chairman of Elaf Developments, emphasized that the partnership aligns with Elaf’s strategy to expand through large-scale projects capable of generating strong returns. He added that Aqmar Residence will stand out as a landmark development in West Cairo thanks to its comprehensive services and strategic location.
The project includes a 12-feddan commercial hub that will host leading international brands, as well as a Radisson hotel, enhancing its appeal as both a residential and investment destination. Delivery is scheduled within three and a half years, with residential units delivered semi-finished and hotel units fully finished and furnished to international standards.
Kayan and Elaf concluded by reaffirming their commitment to supporting Egypt’s urban development plans and delivering world-class projects that meet the aspirations of both local and international investors.