Mazaya Developments is preparing to launch a new real estate project in East Cairo during the second half of 2025, as part of its broader strategy to expand and diversify its offerings, Invest-Gate reports.

Chairman Mohamed Allam said the company is currently evaluating several land plots it owns to select the most promising location for the upcoming project.

“We are committed to diversifying our real estate portfolio based on actual market demand, which has given our projects a competitive edge in Egypt,” Allam noted. He stressed that each Mazaya project is developed with a strong focus on structural quality and tailored to meet customer needs.

Mazaya is currently developing four projects in the New Administrative Capital, with total investments exceeding EGP 8 bn. The company’s flagship project, The Rook, located in Downtown on a 2,650 sqm plot, has completed over 94% of its concrete structure, with interior finishing and façade works underway. Completion is expected by December 2025.

Gemini Red, the second project, also Downtown, has reached 38% structural completion. Construction began in September 2024, with full delivery expected by June 2026.

Work is progressing rapidly on Gemini Blue and Norm Spaces, the company’s latest mixed-use development in MU23. Norm Spaces recently launched a new batch of luxury residential units, with groundwork preparations ongoing and excavation expected to begin in Q3 2025.