Madinet Masr, one of Egypt’s leading urban community developers, has announced the launch of “Sheya,” the latest project in the company’s flagship development, “Sarai”.
Spanning an area of 228,212 sqm, “Sheya” is strategically located near the New Administrative Capital (NAC). The project stands out with its unique designs and a variety of services aimed at meeting the needs and aspirations of Madinet Masr’s clients. This launch aligns with the company’s growth and expansion plan, as well as its achievement of record-breaking sales in 2023.
“Sheya” offers a total of 744 residential units, including 420 S-Villas and 324 apartments, studios, and duplexes. The project features a wide range of unique recreational facilities, including a clubhouse, water lagoons, and vast green landscapes, all designed to enhance the prosperity and enjoyment of its residents.
With the launch of “Sheya,” Madinet Masr has achieved total sales of EGP 5.1 bn, and the project is expected to be fully completed within four years.
Commenting on the new launch, Eng. Abdallah Sallam, President and CEO of Madinet Masr, stated, “At Madinet Masr, we follow an ambitious strategy to develop our land portfolio, which encompasses over 9 million sqm. We aim to provide innovative, integrated, and diverse real estate concepts that meet the needs of our customers, offering them an exceptional experience and a distinguished lifestyle. Additionally, we are committed to developing Egypt’s real estate sector.”
Eng. Mohamed Lashien, Senior Vice President of Products at Madinet Masr, added, “The launch of the ‘Sheya’ project is a valuable addition to Madinet Masr’s portfolio of successes, which spans over 65 years. Thanks to the hard work and dedication of our team, we believe ‘Sheya’ will be a significant landmark in Egypt’s real estate sector due to its prime location, unique design, and diverse recreational services.”
Spanning over 5.5 million sqm, the multi-purpose Sarai project is located along the Cairo-Suez Road and the Al-Amal axis. Its prime location, just 5 minutes from the NAC, ensures convenient accessibility.