Waterway

What Waterway does

Waterway (legal entity: Idea Verde for Real Estate Investment Waterway) is an Egyptian real estate development company founded in 2018 and headquartered in New Cairo. The company develops and sells premium residential, commercial, and hospitality properties across multiple Egyptian geographies, including New Cairo, the North Coast, and Port Said. Its portfolio encompasses over 30 named projects organized into three product lines: commercial developments (W, WHITE, The Drive, 5A, The View, Waterway Villas, The Hub, Capitalway, W55, Triangle), residential developments (Waterway New Cairo, The Waterway North Coast, Capitalway, Waterway Villas, The View, WBR, Downtown Port Said, Waterway East, W55, W Signature, Kairo, Triangle), and hotel properties under the "My Ōtel" sub-brand. Waterway operates a direct sales-led go-to-market model, engaging end buyers through its website, a 16516 hotline, WhatsApp contact, and live chat. The company employs 1,001-5,000 people and has secured a funding relationship with El Sewedy Capital Holding.

The company's revenue model is based on one-time sales of developed property units — villas, mansions, apartments, commercial spaces, and hotel units — sold directly to end customers. No SaaS, subscription, or recurring-revenue model is evident. Waterway is pursuing an aggressive expansion strategy that includes a forthcoming hospitality chain (My Ōtel) with seven planned locations, an upscale residential enclave called Triangle featuring limited-edition mansions, and international expansion into four new markets (KSA, Libya, Slovenia, and Greece), all currently listed as "Coming soon." The combination of multi-vertical real estate development, an in-house hospitality brand, and cross-border geographic expansion represents a significant vertical-integration and growth bet. No AI, proprietary technology platform, or recurring software revenue is evident in the company's current offering.

Name

Waterway

Legal name

Idea Verde for Real Estate Investment Waterway

Website

https://thewaterwaydevelopments.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Waterway is an Egyptian real estate developer (founded 2018) that builds and sells premium residential, commercial, and hospitality properties across Egypt, with international expansion planned for KSA, Libya, Slovenia, and Greece, and a new My Ōtel hospitality chain in development.

Ownership category

akta.pro rank

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Real Estate Property Sales: Waterway generates revenue through the sale of developed properties including commercial spaces (clinics, retails, F&B, office spaces), residential units (villas, mansions, apartments), and hotel units. Properties are sold directly to end customers through their sales channels.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Waterway is a real estate development company that designs, builds, markets, and sells premium commercial spaces (clinics, retail, F&B, offices), luxury residential units (villas, mansions, apartments), and develops a hospitality brand (My Ōtel) across Egypt with planned international expansion into KSA, Libya, Slovenia, and Greece.

Product overview

Waterway is a real estate development company that operates as a single unified offering across multiple property segments. The company develops Commercial Projects (office, retail, F&B spaces), Residential Projects (villas and mansions), and Hotel Projects under the My Ōtel brand. Projects include The Hub (commercial concept), Triangle (upscale residential enclave), and various mixed-use developments across Egypt and international destinations (KSA, Libya, Slovenia, Greece).

Differentiator

Problem solved

Functional benefit

Brands

• My Ōtel: Hospitality chain offering luxury hotel experiences across various locations including North Coast, The View, W55, Pyramids, Choueifat, The Triangle, and Greece.

Products and services

• Commercial Projects Portfolio of commercial real estate developments by Waterway including W, WHITE, The Drive, The Driive, 5A, The View, Waterway Villas, The Hub, Capitalway, Waterway West, W55, and Triangle projects — offering clinics, retail spaces, food & beverage outlets, and office spaces for business buyers and operators.
• Residential Projects Portfolio of luxury residential real estate developments by Waterway including Waterway New Cairo, The Waterway North Coast, Capitalway, Waterway Villas, The View, WBR, Downtown Port Said, Waterway East, W55, W Signature, Kairo, and Triangle — featuring villas and limited edition mansions for individual buyers and families.
• Hotel Projects (My Ōtel) Waterway's hospitality chain and hotel developments including My Ōtel properties at North Coast, The View, W55, Pyramids, Choueifat, The Triangle, and Greece, plus Palma Hotel — sold to hospitality investors and operated under the developer-backed My Ōtel brand.
• International Destinations Waterway real estate brand expansion to international markets including Waterway KSA, Waterway Libya, Waterway Slovenia, and Waterway Greece — extending the company's residential, commercial, and hospitality offerings beyond Egypt.
• The Hub A commercial concept by Waterway composed of clinics, retail, food & beverage outlets, and office spaces, inspired by the philosophy of effortless functionality and seamless ventures; targeted at business owners and operators seeking integrated commercial premises.
• Triangle An exclusive residential enclave by Waterway redefining upscale living, featuring state-of-the-art villas and limited edition mansions targeted at luxury residential buyers.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Ora Developers: Ora Developers, founded by Naguib Sawiris, develops premium Egyptian real estate including the iconic Zed Towers and North Coast projects. It overlaps with Waterway in luxury residential, mixed-use, and resort development across the same high-end locations.
• City Edge Developments: City Edge is a joint venture between the New Urban Communities Authority and major Egyptian developers (Madinet Nasr Housing, Housing & Development Bank, Banque Misr). It builds large residential and mixed-use communities targeting middle-to-upper income Egyptians, closely comparable to Waterway's residential and commercial mandate.
• Palm Hills Developments: Palm Hills is one of Egypt's largest integrated real estate developers, building luxury villas, apartments, and commercial space across premium Egyptian locations. It is a direct competitor to Waterway in the premium residential and commercial segment, with overlapping geographies (New Cairo, North Coast).
• Mountain View (DMG - Dar Al Ma'ali Group): Mountain View is a fast-growing Egyptian developer focused on premium residential compounds (e.g., Mountain View Hyde Park, iCity, North Coast projects). It is comparable to Waterway in its premium positioning, Egyptian footprint, and aggressive project launch cadence.
• Amer Group (AMER): Amer Group develops residential, commercial, and resort projects such as Marassi and other North Coast destinations. It is directly comparable to Waterway in luxury coastal residential and hospitality-adjacent real estate in Egypt.
• SODIC: SODIC is a leading Cairo-based real estate developer with luxury and mixed-use projects across Egypt (e.g., Beverly Hills, Villette, Eastown, Six North). It is directly comparable to Waterway in target segment (upper-income residential and commercial), geography (Egypt), and product type (master-planned mixed-use communities).
• Madinet Nasr Housing & Development: Madinet Nasr Housing is one of Egypt's oldest listed developers with a large eastern Cairo land bank and mixed-use projects. It is comparable to Waterway as a Cairo-anchored developer pursuing both commercial and residential growth.
• Tatweer Misr: Tatweer Misr develops large residential, commercial, and resort projects in Egypt, most notably Fouka Bay and Bloomfields. It is directly comparable to Waterway's portfolio in coastal luxury residential, integrated commercial nodes, and resort-style master planning.
• Orascom Development Egypt: Orascom Development operates El Gouna, Makadi, and other Egyptian resort towns combining residential real estate with hotels and hospitality — a model closely parallel to Waterway's combined residential + My Ōtel hospitality strategy.
• Emaar Misr: Emaar Misr is the Egyptian arm of Emaar Properties and develops large-scale, mixed-use luxury master plans such as Marassi, Mivida, and Uptown Cairo. It competes head-to-head with Waterway in luxury integrated communities, hotel-adjacent residential, and resort developments on the North Coast.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/WaterwayDevelopments
• LinkedInlinkedin.com/company/thewaterwaydevelopments

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments

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

Frequently asked questions about Waterway