Mohamed Edris Launches 266 Million Housing Project In Cairo

Mabany Edris launches Ons New Zayed in New Zayed City, investing EGP13.5 billion 266.4 million to deliver 1,012 residential units by 2029.

The 84-feddan project features apartments, villas, a hotel, and amenities, with homes covering just 15 of the land for low-density living.

Mabany Edris plans 39.5 million in new investments for 2025 and continues expansion with projects in 6th of October City, East Cairo, and the North Coast.

Mabany Edris, one of Egypts leading real estate developers led by Mohamed Edris, has unveiled its latest project, Ons New Zayed, investing EGP13.5 billion 266 million to bring the vision to life.

Set in New Zayed City, a fast-growing area west of Cairo, the development will span 84 feddans. Its location offers easy access to major landmarks like the Grand Egyptian Museum, the Giza Pyramids, and the Sphinx, while its proximity to Sphinx International Airport makes it especially attractive for both locals and international visitors.

Ons New Zayed aims to deliver more than just homes. It will offer a mix of one-bedroom apartments, townhouses, twin houses, and villas, with apartments ranging from 60 to 200 square meters and villas from 160 to 297 square meters. The project will feature 1,012 units.

The plan also includes serviced apartments and a hotel to cater to foreign tenants, tapping into the areas growing tourism appeal. Residents will enjoy a range of amenities, including a social club, commercial and office spaces, sports courts, and a mosque.

Mohamed Edris emphasized that the project is designed for spacious, low-density living, with homes covering no more than 15 percent of the total land area. Construction will roll out over four phases, with the first homes expected to be ready by 2029.