The MarQ Communities, a leading developer of upscale residential communities and commercial destinations, has announced the handover of the first batch of residential units at its flagship project, “The MarQ Gardens,” located in New Cairo, Invest-Gate reports.

“We are celebrating the handover of the first batch of residential units at The MarQ Gardens, marking a significant step towards realizing our vision of developing sophisticated and innovative residential communities in the Egyptian market. We are committed to accelerating our construction progress to ensure timely deliveries while meeting the evolving needs of the local market,” remarked Eng. Amr Badr, Chairman and CEO of The MarQ Communities, during a press conference.

Badr also announced the company’s plan to commence the delivery of all units at its residential community, ‘The Water MarQ,’ this year. He outlined the future expansion strategy in both residential communities and commercial destinations, which will further drive economic growth within the real estate sector. He stated, “We are injecting EGP 8 bn this year to expedite construction across our existing projects and new residential and commercial ventures, fostering economic momentum.”

“In addition to our commercial project ‘Marquette’ in Mostakbal City, we are planning to launch a new commercial destination in New Cairo this year, characterized by distinctive design and contemporary appeal. This destination will be a valuable addition to Egypt’s commercial sector, offering a fully integrated environment that combines business, shopping, and leisure to provide an exceptional experience that aligns with customer expectations and market demands,” he added.

Meanwhile, Eng. Mostafa El Assal, Deputy CEO and Board Member of The MarQ Communities, revealed, “We are targeting EGP 25 bn in sales in 2025 as part of our expansion strategy to strengthen our growth and solidify our position in Egypt’s real estate market.”

He also stated, “We’ve achieved EGP 6 bn in sales in 2024, reflecting significant progress and sustainable growth, underscoring the effectiveness of our strategic vision.”

For his part, Eng. Omar Lasheen, Deputy CEO and Board Member of The MarQ Communities, announced that the company will deliver all residential units within The MarQ Gardens this year. He stated, “This milestone embodies our vision of developing fully integrated residential communities that blend luxury with innovation. The project was designed to be more than just a residential development; it offers a unique living experience that aligns with the evolving needs of individuals. With its modern and sustainable design, vast green spaces, and a healthy environment, the project ensures a lifestyle immersed in nature. The diverse range of unit sizes and layouts allows customers to choose what best suits their needs, making it an ideal destination for those seeking a balanced and contemporary way of living.”