Rain Developments Launches “Majal Towers” in the Heart of the CBD in Egypt’s New Administrative Capital, with Investments of EGP 3 Billion

9 Projects in One Year: Rain Affirms Commitment and Accelerates Growth in the New Capital.

As part of its ambitious expansion strategy, Rain Developments has officially launched its latest project, Majal Towers New Capital, located at the heart of the Central Business District (CBD) in Egypt’s New Administrative Capital.

The announcement took place during a press conference attended by senior company executives and strategic partners. With this launch, Rayn’s portfolio in the capital has now reached nine projects within just one year, clearly highlighting its rapid pace of development and strong market presence.

Speaking at the event, Eng. Ehab El-Obaidi, CEO of Rayn Developments, emphasized that both the timing and location of Majal Towers were carefully selected after an in-depth analysis of market demand and the strategic significance of the CBD—one of the most vibrant and fast-evolving areas in the capital.

Furthermore, he pointed out that Rayn consistently follows a policy of completing all licensing procedures, settling land payments, and initiating construction before publicly announcing any project. This proactive approach reflects the company’s financial strength and unwavering commitment to execution.

The Majal Towers project comprises a ground floor and 18 additional stories, with a total investment of EGP 3 billion, and a targeted delivery timeline of three years—six months ahead of schedule.

El-Obaidi proudly stated that Rayn has successfully implemented nine projects within a single year, with several of them achieving 100% construction completion rates.

In fact, Rayn plans to hand over and operate three projects within the next six months.

He described Majal Towers as a key milestone in the company’s journey and a reflection of its maturity and momentum.

Reham Abou Bakr, Vice Chairperson of Rayn, affirmed that the project represents a significant challenge aligned with the company’s strategic vision of delivering innovative, high-quality real estate solutions.

She revealed that Rayn has recently launched three projects with sales rates reaching 95%, underscoring strong market confidence in the company’s brand. She also stressed Rayn’s commitment to developing distinctively branded projects, built on a deep understanding of customer needs and cutting-edge design and construction practices.

Mohamed Hossam, Chief Commercial Officer at Rayn, explained that the company currently owns 27 fully owned land plots across the New Capital. Each project is the result of a comprehensive feasibility study that aligns land potential with the ideal development type.

He described Majal Towers as a game-changer for the CBD investment landscape, citing its prime location on a 50-meter-wide main street, with uninterrupted views of both the Iconic Tower and the Green River—two of the capital’s most prestigious landmarks.

Spanning 3,288 square meters, the project features a 220 sqm external plaza designed for modern commercial attractions such as dancing fountains, hologram shows, and interactive water features.

The commercial units offer a ceiling height of 5.5 meters, maximizing functional and operational flexibility. Moreover, the tower includes four elevators to ensure smooth and efficient vertical movement throughout the building.

Regarding the administrative spaces, Hossam highlighted Rayn’s added value proposition, which includes a free rooftop meeting room and a fully equipped Sky Lounge, offering an inspiring, high-end work environment.

Importantly, the project introduces flexible payment plans—a first of its kind in the New Capital—with options starting from 0% down payment and extending up to 15-year installments.

To maximize investment returns, Rayn designed these plans to offer guaranteed profits of up to 200%—a reflection of its client-first philosophy.

Commercial spaces start at EGP 400,000 for ground-floor units, while administrative unit prices range between EGP 130,000 and EGP 215,000 per square meter.

The company plans to launch the project in two phases and will adopt fixed contractual pricing to ensure transparency and reinforce client trust.

“We’ve flipped the marketing model,” Hossam noted. “Now, the client chooses the location.”

From a design perspective, Eng. Karim Osama, Head of OYK Engineering Consultancy, emphasized that Majal Towers adheres to international architectural standards. The project incorporates smart building technologies, including robotics, intelligent control systems, soundproofing, and energy-efficient solutions. The result will be a state-of-the-art structure that meets global expectations while remaining tailored to the needs of the local market.

From the operational side, Mohamed Shehata, Chairman of Incommercial, expressed his pride in partnering with Rayn.

He noted that his team was involved from the early design stages to ensure maximum operational efficiency.

Incommercial’s role also includes attracting leading international brands by delivering premium asset management services that enhance the project’s long-term investment value.

Finally, Abdelrazek El-Shehi, Chairman of Dealers Studio, discussed the philosophy behind the brand. According to him, the name “Majal” represents flexibility, opportunity, and openness to the future. The project aims to empower clients with versatile spaces suitable for both work and investment.

He highlighted the pressing need for such mixed-use developments in the CBD and confirmed that Dealers Studio will lead a comprehensive marketing campaign, leveraging both traditional media and advanced digital tools to reach the target audience.

In conclusion, El-Shehi asserted that Majal Towers sets new industry benchmarks in the New Capital and redefines the competitive standards of Egypt’s real estate sector.