Our Landbank

At the close of 2022, we held a landbank measuring 9.6 million sqm at various phases of development. Our primary landbank, which is comprised of Taj City and Sarai, is strategically located in East Cairo in close proximity to our original Madinet Nasr community.

Our landbank is owned in freehold, a status that imparts significant advantages since we are free to set development timelines independently, as opposed to other real estate players in the market whose projects are bound by state authorities. Additionally, we are legally entitled to parcel and sell plots of undeveloped land, unlocking further value from our landbank.

As of 31 December 2022, 38% and 57% of our primary landbank is held at Taj City and Sarai, respectively. In addition to our primary landbank, we hold a plot of land of over 437,000 sqm in Assiut, Upper Egypt. As of year-end 2022, all of the land area in Assiut is under development, marking our geographical expansion beyond Greater Cairo