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Palm Hills Developments

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uuid0003b9c

Namestring
Palm Hills Developments
Legal namestring
Palm Hills Developments
Company typeenum
Public
Founded yearint
1997
Descriptiontext

Palm Hills Developments is a publicly listed Egyptian real estate developer (EGX: PHDC) headquartered in Cairo, founded in 1997, with a headcount in the 1,001–5,000 range. The company develops integrated master-planned communities that combine residential, commercial, and hospitality components across East and West Cairo, Alexandria, the North Coast, and the Red Sea, and is extending into the UAE through the Saadiyat Shores project in Abu Dhabi.

Core products are large-scale, amenity-rich developments rather than discrete units: Badya, a 3,000-acre sustainable and smart city in 6th of October positioned as the company's flagship; a portfolio of Hacienda-branded coastal communities on the North Coast (Heneish, Blue, Ras El Hekma with Miran Hills); established West Cairo and New Capital projects such as Palm Hills One, The Crown Extension, and Village de la Capitale; branded residences via the Marriott International partnership (The St. Regis Hotel & Residences Palm Hills, targeted 2030 opening); and the Palm Hills Sports Club platform spanning East and West Cairo with tennis (Mouratoglou), squash (PSA World Championships), and lifestyle programming.

The business model combines one-time revenue from residential, commercial, and resort unit sales with recurring revenue from hospitality operations (Casa Cook, future St. Regis) and subscription-based sports club memberships. The company reaches affluent end-user buyers through a direct sales force (19743 hotline, "Request A Sales Call" feature), exclusive private viewing events hosted at the Chairman's residence, and brand-aligned hospitality distribution channels. Construction financing is sourced through a recently approved EGP 30 billion securitization program — first tranche of EGP 2.015 billion closed in February 2026 — underwritten by a syndicate led by EFG Hermes alongside National Bank of Egypt, Emirates NBD, Suez Canal Bank, and Arab Banking Corporation. Geographic expansion into Abu Dhabi (USD 5.4 billion Saadiyat Shores) and operational build-out of the education (Badya International University with Taaleem/Maastricht) and telecom (WE Telecom Egypt) ecosystem are the principal forward growth vectors.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersCairo, Egypt
HQ citystring
Cairo
HQ countrystring
Egypt
HQ regionstring
Africa
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
real estate development, luxury residential communities, integrated mixed-use projects, coastal resort properties, smart city development
Industry4 codes
1Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities)
CodeIMAFABALPrimaryYes
2Real Estate Development Asset Management (Project/Construction-to-Stabilization)
CodeBPAJAMALPrimaryNo
3Luxury Villa Resorts & Branded Villa Communities
CodeTHAMAEAIPrimaryNo
4Regional & Land Use Planning
CodeBPAHAKAEPrimaryNo
NAICS code1 code
  • Land Subdivision2372
SIC code2 codes
  • Land Subdividers & Developers (No Cemeteries)6552
  • Real Estate Dealers (For Their Own Account)6532
Product category
Real Estate Development
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Real Estate Development and Sales
TypeOne Time License
Description

Palm Hills Developments generates primary revenue through the sale of residential units, commercial properties, and resort developments. The company develops integrated communities offering residential, commercial, and hospitality components across Egypt including East & West Cairo, Alexandria, North Coast & Red Sea.

palmhillsdevelopments.com
2Hospitality and Club Operations
TypeSubscription Recurring
Description

Revenue from hotel operations including The St. Regis Hotel & Residences Palm Hills (opening 2030), Casa Cook hotel, and sports club facilities (PHSC - Palm Hills Sports Club) offering membership and event hosting.

palmhillsdevelopments.com
3Securitized Bond Issuance
TypeTransaction Fee
Description

The company raises capital through securitized bond programs, with a new EGP 30 billion securitization program approved. First issuance of EGP 2.015 billion completed in February 2026.

zawya.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Others
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Palm Hills Developments is Egypt's leading real estate developer that builds and sells integrated residential, commercial, and resort communities across East and West Cairo, Alexandria, the North Coast, and the Red Sea. The company's portfolio spans flagship smart-city developments (e.g., Badya), branded residences through Marriott International (St. Regis), Hacienda coastal projects, urban residential compounds, and sports/hospitality facilities. Revenue is generated primarily through one-time sales of developed units and recurring membership/hospitality fees.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Palm Hills Developments is Egypt's leading real estate developer offering integrated residential, commercial, and resort communities. The portfolio spans across East & West Cairo, Alexandria, the North Coast, and Red Sea, with a diversified land bank. Key products include Badya (a 3,000-acre sustainable smart city), multiple Hacienda branded coastal developments on the North Coast, urban residential projects in New Cairo and October, and branded residences through the Marriott International partnership. The company also operates sports and community facilities through Palm Hills Sports Club, and is expanding internationally with the Saadiyat Shores project in Abu Dhabi. Recent strategic developments include the EGP 30 billion securitization program and the St. Regis branded residence project near the Great Pyramids.

Product and service11 records
1Badya
CategoryIntegrated Smart City / Residential Community
Description

Egypt's first sustainable and smart city, spanning 3,000 acres in the heart of new 6th of October, connecting East and West Cairo. The largest Palm Hills Developments venture, featuring integrated residential, commercial, and educational facilities.

2Hacienda Ras El Hekma
CategoryCoastal Residential Community
Description

Premium coastal living development located in Ras El Hekma on the North Coast, developed in partnership with Miran Hills, offering beachfront residential options.

3Hacienda Heneish
CategoryCoastal Residential Community
Description

North Coast luxury residential development marketed as 'The Chosen Shore,' offering premium coastal living with villa and townhouse options.

4Hacienda Blue
CategoryCoastal Residential Community
Description

Boutique coastal development on the North Coast featuring exclusive residential units in a refined seaside setting.

5Palm Hills One
CategoryUrban Residential Community
Description

West Cairo residential project representing a legacy development with newly reimagined living spaces in the October area.

6Village de la Capitale
CategoryUrban Residential Community
Description

Residential development in Egypt's New Administrative Capital, positioned as 'The Spark of the Capital,' offering modern urban living.

7The Crown Extension
CategoryUrban Residential Community
Description

West Cairo residential project located in the heart of the hill area, offering elevated living in an established community.

8The St. Regis Hotel & Residences Palm Hills
CategoryBranded Mixed-Use Residence / Hotel
Description

Mixed-use branded residence and hotel development at the P/X project near the Great Pyramids and Grand Egyptian Museum, featuring 150 luxury guestrooms, 50 serviced apartments, and 150 branded residences in partnership with Marriott International.

9Palmet October
CategoryResidential & Commercial Community
Description

New Cairo residential development featuring three commercial buildings built by Dorra Contracting, with a luxury retail partnership with Beymen.

10Saadiyat Shores
CategoryInternational Residential Community
Description

Luxury residential project in Abu Dhabi with a reported value of $5.4 billion, planned for construction start in April or May 2026, marking Palm Hills Developments' expansion into the UAE market.

11Palm Hills Sports Club (PHSC)
CategorySports Club / Hospitality Facility
Description

Sports and community facilities operated by Palm Hills with locations in East Cairo, West Cairo, and October, offering membership-based sports, fitness, and event hosting services.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership8 partners
Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2026-05-20
Description

Palmet October by Palm Hills partnered with Beymen for retail/lifestyle offerings in the development.

Strategic tierFlagshipTypeStrategic or Co-development PartnerAnnounced on2026-04-20
Description

Palm Hills & Miran Hills partnered on major Ras El Hekma coastal project flagships. An exclusive private viewing was hosted at Palm Hills Chairman's residence in June 2026 introducing this landmark collaboration offering exceptional coastal living in Ras El Hekma.

Strategic tierFlagshipTypeStrategic or Co-development PartnerAnnounced on2025-12-16
Description

Palm Hills Developments signed an agreement with Marriott International to develop The St. Regis Hotel & Residences Palm Hills in Cairo, anticipated to open in 2030. The mixed-use development includes 150 luxury guestrooms, 50 serviced apartments, and 150 branded residences located within the P/X project at Palm Hills October near the Great Pyramids and the Grand Egyptian Museum. Plans include up to 3,000 hotel rooms in coming years.

Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2025-11-27
Description

Mouratoglou tennis academy partnership with Palm Hills Sports Club (PHSC), featuring grand opening and coaching programs.

Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2025-08-16
Description

Partnership with Fundamental Hospitality for hospitality and lifestyle services.

Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2023-10-24
Description

Hotel brand partnership with Casa Cook for hospitality offerings at Palm Hills developments.

Strategic tierMinorTypeImplementation/ SI/ Consulting PartnerAnnounced on2023-10-23
Description

Palm Hills awarded Dorra Contracting to build 3 commercial buildings in Palmet New Cairo.

Strategic tierMinorTypeStrategic or Co-development PartnerAnnounced on2022-08-01
Description

Taaleem signed MoU with Maastricht University to establish an international university campus within Badya smart city development.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Market position
Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers2 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration1 record

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds4 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors5 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Palm Hills Developments

Real Estate Developmentpalmhillsdevelopments.com

What Palm Hills Developments does

Palm Hills Developments is a publicly listed Egyptian real estate developer (EGX: PHDC) headquartered in Cairo, founded in 1997, with a headcount in the 1,001–5,000 range. The company develops integrated master-planned communities that combine residential, commercial, and hospitality components across East and West Cairo, Alexandria, the North Coast, and the Red Sea, and is extending into the UAE through the Saadiyat Shores project in Abu Dhabi.

Core products are large-scale, amenity-rich developments rather than discrete units: Badya, a 3,000-acre sustainable and smart city in 6th of October positioned as the company's flagship; a portfolio of Hacienda-branded coastal communities on the North Coast (Heneish, Blue, Ras El Hekma with Miran Hills); established West Cairo and New Capital projects such as Palm Hills One, The Crown Extension, and Village de la Capitale; branded residences via the Marriott International partnership (The St. Regis Hotel & Residences Palm Hills, targeted 2030 opening); and the Palm Hills Sports Club platform spanning East and West Cairo with tennis (Mouratoglou), squash (PSA World Championships), and lifestyle programming.

The business model combines one-time revenue from residential, commercial, and resort unit sales with recurring revenue from hospitality operations (Casa Cook, future St. Regis) and subscription-based sports club memberships. The company reaches affluent end-user buyers through a direct sales force (19743 hotline, "Request A Sales Call" feature), exclusive private viewing events hosted at the Chairman's residence, and brand-aligned hospitality distribution channels. Construction financing is sourced through a recently approved EGP 30 billion securitization program — first tranche of EGP 2.015 billion closed in February 2026 — underwritten by a syndicate led by EFG Hermes alongside National Bank of Egypt, Emirates NBD, Suez Canal Bank, and Arab Banking Corporation. Geographic expansion into Abu Dhabi (USD 5.4 billion Saadiyat Shores) and operational build-out of the education (Badya International University with Taaleem/Maastricht) and telecom (WE Telecom Egypt) ecosystem are the principal forward growth vectors.

Palm Hills Developments firmographics

Firmographics
Name
Palm Hills Developments
Legal name
Palm Hills Developments
Website
https://palmhillsdevelopments.com
Company type
Public
Founded year
1997
Operating status
Operating
Headcount range
1,001–5,000 employees
Ownership category
akta.pro rank

Palm Hills Developments industry classification

Industry
Product category
Real Estate Development
NAICS
Land Subdivision (2372)
SIC
Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)
akta.pro primary industry
Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
akta.pro secondary industries
Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL), Luxury Villa Resorts & Branded Villa Communities (THAMAEAI), Regional & Land Use Planning (BPAHAKAE)

Keywords

  • Real estate development
  • Luxury residential communities
  • Integrated mixed-use projects
  • Coastal resort properties
  • Smart city development

Where Palm Hills Developments is headquartered

Location

Headquarters

HQ city
Cairo
HQ country
Egypt
HQ region
Africa

Offices1 record

Markets served

Palm Hills Developments business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Others

Revenue model

  1. Real Estate Development and Sales: Palm Hills Developments generates primary revenue through the sale of residential units, commercial properties, and resort developments. The company develops integrated communities offering residential, commercial, and hospitality components across Egypt including East & West Cairo, Alexandria, North Coast & Red Sea.
  2. Hospitality and Club Operations: Revenue from hotel operations including The St. Regis Hotel & Residences Palm Hills (opening 2030), Casa Cook hotel, and sports club facilities (PHSC - Palm Hills Sports Club) offering membership and event hosting.
  3. Securitized Bond Issuance: The company raises capital through securitized bond programs, with a new EGP 30 billion securitization program approved. First issuance of EGP 2.015 billion completed in February 2026.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Palm Hills Developments product offering

Product offering

Core offering

Palm Hills Developments is Egypt's leading real estate developer that builds and sells integrated residential, commercial, and resort communities across East and West Cairo, Alexandria, the North Coast, and the Red Sea. The company's portfolio spans flagship smart-city developments (e.g., Badya), branded residences through Marriott International (St. Regis), Hacienda coastal projects, urban residential compounds, and sports/hospitality facilities. Revenue is generated primarily through one-time sales of developed units and recurring membership/hospitality fees.

Product overview

Palm Hills Developments is Egypt's leading real estate developer offering integrated residential, commercial, and resort communities. The portfolio spans across East & West Cairo, Alexandria, the North Coast, and Red Sea, with a diversified land bank. Key products include Badya (a 3,000-acre sustainable smart city), multiple Hacienda branded coastal developments on the North Coast, urban residential projects in New Cairo and October, and branded residences through the Marriott International partnership. The company also operates sports and community facilities through Palm Hills Sports Club, and is expanding internationally with the Saadiyat Shores project in Abu Dhabi. Recent strategic developments include the EGP 30 billion securitization program and the St. Regis branded residence project near the Great Pyramids.

Differentiator

Problem solved

Functional benefit

Products and services

  • Badya Egypt's first sustainable and smart city, spanning 3,000 acres in the heart of new 6th of October, connecting East and West Cairo. The largest Palm Hills Developments venture, featuring integrated residential, commercial, and educational facilities.
  • Hacienda Ras El Hekma Premium coastal living development located in Ras El Hekma on the North Coast, developed in partnership with Miran Hills, offering beachfront residential options.
  • Hacienda Heneish North Coast luxury residential development marketed as 'The Chosen Shore,' offering premium coastal living with villa and townhouse options.
  • Hacienda Blue Boutique coastal development on the North Coast featuring exclusive residential units in a refined seaside setting.
  • Palm Hills One West Cairo residential project representing a legacy development with newly reimagined living spaces in the October area.
  • Village de la Capitale Residential development in Egypt's New Administrative Capital, positioned as 'The Spark of the Capital,' offering modern urban living.
  • The Crown Extension West Cairo residential project located in the heart of the hill area, offering elevated living in an established community.
  • The St. Regis Hotel & Residences Palm Hills Mixed-use branded residence and hotel development at the P/X project near the Great Pyramids and Grand Egyptian Museum, featuring 150 luxury guestrooms, 50 serviced apartments, and 150 branded residences in partnership with Marriott International.
  • Palmet October New Cairo residential development featuring three commercial buildings built by Dorra Contracting, with a luxury retail partnership with Beymen.
  • Saadiyat Shores Luxury residential project in Abu Dhabi with a reported value of $5.4 billion, planned for construction start in April or May 2026, marking Palm Hills Developments' expansion into the UAE market.
  • Palm Hills Sports Club (PHSC) Sports and community facilities operated by Palm Hills with locations in East Cairo, West Cairo, and October, offering membership-based sports, fitness, and event hosting services.

Companies that use Palm Hills Developments

Customer profile

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Palm Hills Developments technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration1 record

Feature1 record

Palm Hills Developments partnerships and signals

Strategic signal

Partnerships

Eight partnerships are on record, tiered minor and flagship.

  • BeymenminorStrategic or Co-development Partner · 20 May 2026Palmet October by Palm Hills partnered with Beymen for retail/lifestyle offerings in the development.
  • Miran HillsflagshipStrategic or Co-development Partner · 20 April 2026Palm Hills & Miran Hills partnered on major Ras El Hekma coastal project flagships. An exclusive private viewing was hosted at Palm Hills Chairman's residence in June 2026 introducing this landmark collaboration offering exceptional coastal living in Ras El Hekma.
  • Marriott InternationalflagshipStrategic or Co-development Partner · 16 December 2025Palm Hills Developments signed an agreement with Marriott International to develop The St. Regis Hotel & Residences Palm Hills in Cairo, anticipated to open in 2030. The mixed-use development includes 150 luxury guestrooms, 50 serviced apartments, and 150 branded residences located within the P/X project at Palm Hills October near the Great Pyramids and the Grand Egyptian Museum. Plans include up to 3,000 hotel rooms in coming years.
  • MouratoglouminorStrategic or Co-development Partner · 27 November 2025Mouratoglou tennis academy partnership with Palm Hills Sports Club (PHSC), featuring grand opening and coaching programs.
  • Fundamental HospitalityminorStrategic or Co-development Partner · 16 August 2025Partnership with Fundamental Hospitality for hospitality and lifestyle services.
  • Casa CookminorStrategic or Co-development Partner · 24 October 2023Hotel brand partnership with Casa Cook for hospitality offerings at Palm Hills developments.
  • Dorra ContractingminorImplementation/ SI/ Consulting Partner · 23 October 2023Palm Hills awarded Dorra Contracting to build 3 commercial buildings in Palmet New Cairo.
  • Maastricht UniversityminorStrategic or Co-development Partner · 1 August 2022Taaleem signed MoU with Maastricht University to establish an international university campus within Badya smart city development.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Palm Hills Developments competitors and assessment

Company assessment

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Palm Hills Developments social profiles

Digital presence

Palm Hills Developments financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Palm Hills Developments leadership team

Management profile

Number of profiles

Profiles1 record

Palm Hills Developments funding detail

Funding detail

Funding overview

Funding rounds4 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Palm Hills Developments M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Palm Hills Developments

What does Palm Hills Developments do?

Palm Hills Developments is Egypt's leading real estate developer that builds and sells integrated residential, commercial, and resort communities across East and West Cairo, Alexandria, the North Coast, and the Red Sea. The company's portfolio spans flagship smart-city developments (e.g., Badya), branded residences through Marriott International (St. Regis), Hacienda coastal projects, urban residential compounds, and sports/hospitality facilities. Revenue is generated primarily through one-time sales of developed units and recurring membership/hospitality fees.

Is Palm Hills Developments a public or private company?

Palm Hills Developments is a public company. It is classified as public and is currently operating.

When was Palm Hills Developments founded?

Palm Hills Developments was founded in 1997. It employs 1,001 to 5,000 people.

Where is Palm Hills Developments based?

Palm Hills Developments is headquartered in Cairo, Egypt, in the Africa region.

How does Palm Hills Developments make money?

Three revenue lines are on record. Real Estate Development and Sales are the primary driver. The others are hospitality and Club Operations and securitized Bond Issuance.

Does Palm Hills Developments have an API?

No public API is recorded for Palm Hills Developments.

What industry is Palm Hills Developments in?

Palm Hills Developments's product category is Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities), with a secondary code of BPAJAMAL, Real Estate Development Asset Management (Project/Construction-to-Stabilization). Its NAICS code is 2372 and its SIC code is 6552.

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Live signals
ZawyaEgypt’s Palm Hills targets Q1 2027 construction start for Abu Dhabi projectPalm Hills Developments targets Q1 2027 construction start for its Saadiyat Shores project in Abu Dhabi, a 25 billion UAE dirhams ($6.8 billion) development. The 1.87 million sqm master-planned community will be delivered in three phases, with the first handover expected within four years and full completion by 2034.EnterpriseamIran war energy shock puts Africa’s rate-cut cycle on ice — somewhatNigeria cut its benchmark rate by 350 basis points to 23% on slowing inflation, while Morocco held at 2.25% as energy costs threaten to reverse disinflation. Surging oil prices and tighter US policy make easing harder, with most of 11 African central banks expected to hold or hike.ZawyaEgypt’s Palm Hills unit secures $157mln syndicated financing agreementA unit of Egypt’s Palm Hills Developments has secured an 8 billion Egyptian pounds ($157 million) long-term syndicated financing agreement. The funds are designated to accelerate construction works on the development phases of the firm's Palm Hills New Cairo project.DailynewsegyptSouthMed project sales reach EGP 520bn as North Coast drives Egyptian real estate marketTalaat Moustafa Group’s SouthMed project achieved cumulative sales of EGP 520bn, driven by strong demand in Egypt's North Coast region which accounted for 33% of total sales among top developers in the first half of 2026. Palm Hills Developments also reported significant sales of EGP 75bn for its Hacienda Ras El Hekma project, reflecting a market shift towards end-use and long-term investment returns.DailynewsegyptTop 10 Egyptian developers’ sales rise to EGP 670bn in H1 2026The top 10 Egyptian real estate developers recorded a 2.9% year-on-year increase in combined sales to approximately EGP 670bn in the first half of 2026, driven by rising property prices despite a 5% decline in transaction volumes. Talaat Moustafa Group led the sector with EGP 219bn in sales, followed by Palm Hills Developments and Mountain View. This divergence indicates that while revenue figures are growing, underlying demand is under pressure due to affordability constraints.AInvestPalm Hills - new sales reached c. EGP96.1 billion in 1H2026Palm Hills Developments reported cumulative new sales of approximately EGP 96.1 billion in the first half of 2026, driven by strong demand in East Cairo. The company maintains a substantial development backlog of EGP 263 billion and is preparing to launch its North Coast project, Hacienda Ras El Hekma. Although net income declined 21.7% year-over-year to EGP 1.2 billion, management attributed this to a one-off land sale, noting that normalized income would have increased by 23%.AInvestPalm Hills reports record-breaking launch sales of EGP75 billion in Hacienda Ras El-HekmaPalm Hills Developments reported record-breaking launch sales of EGP75 billion for its Hacienda Ras El-Hekma luxury coastal project in Egypt. The development, a collaboration with Emirati firm Miran Hills, offers flexible payment plans and is situated near El Alamein International Airport to attract domestic and international investors.AInvestPalm Hills Q2 consol revenue EGP 10.18 blnPalm Hills reported consolidated revenue of EGP 10.18 billion for the second quarter. The article provides this financial figure as a factual update on the company's performance without offering further operational details or strategic context.AInvestPalm Hills Q2 COSNOL net profit after tax EGP 1.06 blnPalm Hills Developments reported a consolidated net profit of EGP 1.06 billion for the second quarter of 2025, marking a 28.80% increase from the previous year. The company also saw revenues rise by 52.60% to EGP 7.18 billion, driven by robust sales and a significant expansion in its backlog of units sold but not yet delivered. Additionally, Palm Hills plans to launch a major project in Abu Dhabi expected to generate substantial future sales.EnterpriseamEgyptian corporates are expanding regionally as outward FDI jumps 30%Egyptian corporates are expanding regionally into the GCC, Iraq, and North Africa, with outward FDI rising 30.3% to $508 million in 2024. The surge follows currency devaluations, and income receipts remain strong relative to outflows. The government views this as a source of future hard currency.