Madinet Masr for Housing & Development — Egypt's Urban Pioneer Since 1959

Madinet Masr for Housing & Development (MMHD) is one of Egypt's oldest and most trusted real estate developers, with over 65 years of experience building master-planned communities across Greater Cairo. Founded in 1959 under the name Madinet Nasr for Housing & Development, the company rebranded in 2023 to Madinet Masr — marking a national expansion beyond Nasr City to communities across all of Egypt. Today, with a land portfolio exceeding 12.7 million sqm, the company stands as the developer behind two of Egypt's largest integrated urban communities: Taj City and Sarai.

Key Facts at a Glance

• Founded: 1959
• Stock Exchange: Listed on the Egyptian Stock Exchange since 1995 (Ticker: MNHD)
• Land Portfolio: Over 12.7 million sqm across Greater Cairo
• 2024 Sales Record: EGP 41 billion in contractual sales
• Flagship Projects: Taj City (3.6M sqm) & Sarai (5.5M sqm)
• Community Capacity: Designed to house approximately 32,000 families
• Construction Budget (2025): EGP 20 billion in planned contracting works

Company History & Milestones

Madinet Masr's story began when President Gamal Abdel Nasser transferred 4.5 million sqm of land in Nasr City to the company in 1959 — launching what became one of Cairo's most iconic mixed-use districts. Over the following six decades, the company pioneered modern residential neighborhoods, government headquarters, educational institutions, and the Cairo International Stadium, all of which define eastern Cairo today.

• 1959: Founded; entrusted with developing Nasr City under President Nasser
• 1995: Listed on the Egyptian Stock Exchange
• 2012: Launched Taj City — a landmark integrated community in New Cairo (first phase: Taj Sultan, 40 acres)
• 2014: Launched Primera Compound with record-breaking sales
• 2017: Unveiled Sarai, a mixed-use megaproject near the New Administrative Capital
• 2023: Rebranded from Madinet Nasr to Madinet Masr, reflecting a national expansion strategy
• 2024: Achieved EGP 41 billion in contractual sales — a company record — and allocated EGP 10 billion in construction capital expenditures

Flagship Projects

Taj City — New Cairo

Taj City is a fully integrated master-planned community spread across 3.6 million sqm in eastern Cairo, just minutes from Cairo International Airport. It includes two international schools, a business district, a sporting club, premium retail, restaurants, and 24/7 security. As of 2024, 78.3% of Taj City's land is actively under development, with 21.7% reserved for future non-residential use.

Sarai — Near the New Administrative Capital

Spanning 5.5 million sqm along the Suez Road, Sarai is one of Egypt's largest mixed-use developments. Sub-communities within Sarai include Sheya (228,212 sqm, generating EGP 5.3 billion in sales) and Esse Residence (400,000 sqm, with anticipated sales of EGP 18.2 billion). Payment plans include a 10% down payment with installments spread over 10 years. As of 2024, five new phases were launched within the Sarai project alone.

Other Notable Projects

• Taj Sultan: Luxury gated compound — the first and original phase of Taj City (established 2012)
• Primera Compound: Delivered record sales since its 2014 launch
• Cobalt Business District: Commercial development in New Cairo
• Taj Gardens: Residential community within the Taj City ecosystem
• Cavana Springs: A residential community in New Cairo

Why Choose Madinet Masr?

• 65+ Years of Proven Delivery: A track record stretching back to 1959 — no other developer in Egypt matches this heritage of consistently delivered projects.
• Egypt's Largest Land Bank in East Cairo: A portfolio exceeding 12.7 million sqm gives Madinet Masr the scale to build complete cities, not just gated compounds.
• Publicly Listed for Full Transparency: Traded on the Egyptian Stock Exchange since 1995, ensuring financial accountability under capital market regulations.
• Sustainable Building Practices: Committed to green construction standards; signed an MoU with Elmarakby Steel to reduce carbon emissions across all projects.
• Education-Integrated Living: Partnered with Blue Ribbon and CIRA Education to establish Egypt's first Swiss international school inside its communities.
• Flexible Payment Plans: Up to 10-year installment plans with low down payments, designed around the needs of Egyptian families and investors.

Frequently Asked Questions

What is Madinet Masr for Housing & Development?

Madinet Masr (formerly Madinet Nasr) is one of Egypt's largest and oldest publicly listed real estate developers. Founded in 1959, it specializes in large-scale, master-planned residential and mixed-use communities — primarily in eastern Cairo. The company is listed on the Egyptian Stock Exchange under the ticker MNHD.

What are Madinet Masr's most popular projects?

The two flagship projects are Taj City in New Cairo (3.6 million sqm) and Sarai near the New Administrative Capital (5.5 million sqm). Both are integrated communities offering villas, townhouses, apartments, commercial spaces, international schools, and recreational facilities.

Is Madinet Masr a reliable developer?

Yes. Madinet Masr is listed on the Egyptian Stock Exchange (MNHD), holds a 65-year track record of project delivery, and recorded EGP 41 billion in contractual sales in 2024. The company operates under full regulatory oversight by the Egyptian Financial Regulatory Authority.

Where are Madinet Masr's projects located?

Most projects are in eastern Cairo — along the Suez Road, near Cairo International Airport, and in New Cairo — providing direct access to the New Administrative Capital, Ring Road, and major business districts.

What types of units does Madinet Masr offer?

Madinet Masr offers a full range of residential unit types: apartments, townhouses, twin houses, and standalone villas — across various price points to serve both end-users and investors. Commercial and retail spaces are also available within its mixed-use developments.