Toledo Development

What Toledo Development does

Toledo Development is a Cairo-headquartered, privately held real estate development company operating across Egypt and Saudi Arabia. The company was founded in Saudi Arabia in 1995 and entered the Egyptian market in 2018, building a portfolio that spans residential compounds in New Cairo (Bait Al Watan, Al Andalus, Al Narges, Al Qronfol, Al Mostashareen, New Rehab, Yasmine), the Gardenia City Walk Mall — a 40,000 sqm strip mall with 130 stores in Greater Cairo — and Layana Residence, a 1,968-unit luxury coastal compound on Egypt's North Coast. Earlier commercial developments in Saudi Arabia included projects for Al Ahli Bank, McDonald's, and Tamimi Markets in Riyadh, executed via the wholly-owned Wadi Al-Abrakain Construction subsidiary.

The company's revenue model is dominated by one-time residential unit sales (apartments, villas, chalets) across its compound portfolio, supplemented by commercial space leasing at Gardenia City Walk Mall and a smaller real estate consulting line. Pricing is structured around flexible multi-year installment plans with low down payments, targeting both end-user homebuyers and investment-oriented buyers. Distribution is sales-led and direct: corporate office at Cairo Business Park, on-site showrooms at project locations, plus website, phone, and WhatsApp inquiry channels.

The business is family-controlled, with Chairman Mohamed Hammam and CEO Omar Hammam leading the Toledo Group parent structure. The company reports 11-50 employees and operates with no disclosed proprietary technology, AI capabilities, or external institutional investors. Total cumulative investments are stated at EGP 9 billion (~USD 180M), and the company has delivered over 500 residential units in New Cairo with active presales and leasing underway on its two 2025 mega-launches.

Name

Toledo Development

Legal name

Toledo Development

Website

https://toledoeg.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Toledo Development is a private Cairo-based real estate developer with 30+ years of operating history, delivering residential compounds, commercial retail malls, and luxury coastal projects across Egypt and Saudi Arabia for individual homebuyers and commercial investors.

Ownership category

akta.pro rank

Product category

Real Estate Development

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

Infrastructure — Development (Greenfield) (FSAAAKAF)

Keywords

• Real estate development
• Residential property sales
• Commercial property leasing
• Luxury coastal compounds
• Mixed-use developments

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Property Sales: Sale of residential units including apartments, villas, and chalets in projects across New Cairo and North Coast
2. Commercial Property Leasing: Leasing of commercial retail spaces in Gardenia City Walk Mall (40,000 sqm, 130 stores) to retailers, restaurants, and service providers
3. Real Estate Consulting: Professional advisory services for property buying, selling, and investment decisions

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Toledo Development is a real estate development company that builds and sells residential units (apartments, villas, chalets) within compounds across New Cairo and Egypt's North Coast, and develops commercial retail real estate such as the Gardenia City Walk Mall for lease. It also provides real estate consulting, buying/selling advisory, and rental services with flexible installment payment plans. The firm operates in Egypt and Saudi Arabia, with over 30 years of cumulative experience and reported total investments of EGP 9 billion.

Product overview

Toledo Real Estate Development Company is a real estate development firm operating in Egypt and Saudi Arabia with over 30 years of experience. The company's portfolio spans residential compounds and unit buildings in New Cairo areas (including Bait Al Watan, Al Andalus, Al Narges, Al Qronres, Al Mostashareen, New Rehab, and Yasmine), commercial retail developments (Gardenia City Walk Mall — the largest strip mall in Greater Cairo with 130 stores across 40,000 sqm), and luxury coastal projects (Layana Residence on the North Coast spanning 52 acres with 1,968 units). The company also has a track record of delivering commercial projects in Saudi Arabia including Tamimi Markets in Riyadh. Services include property buying, selling, rentals, real estate consulting, and flexible payment plans. The portfolio includes both core residential offerings and commercial/mixed-use developments, positioning the company across the residential, commercial, and coastal/tourist market segments.

Differentiator

Problem solved

Functional benefit

Products and services

• Layana Residence North Coast A luxury coastal residential and touristic compound located at km 70 on Egypt's North Coast, comprising 1,968 villas and chalets across 52 acres with a private beach, lagoon pools, retail zone, cinema, sports club, spa, fitness centers, clubhouse, high-speed internet, 24/7 security, housekeeping, and room service. Targets families and individuals seeking a Mediterranean lifestyle investment or second home.
• Gardenia City Walk Mall A modern shopping and entertainment strip mall positioned as the largest in Greater Cairo at approximately 40,000 sqm with 130 commercial stores, including a hypermarket, medical center, pharmacy, gym, banking area, restaurants, cafés, and beauty salons. Available for lease to retailers, F&B operators, and service providers serving surrounding New Cairo residential catchments.
• Al Mostashareen A premium residential and commercial complex in New Cairo featuring elegant architecture, spacious units, and high-end facilities, designed to provide both comfortable living and business environments with modern lifestyle amenities.
• NEW REHAB A modern residential community in Cairo offering spacious apartments, green spaces, and top-tier facilities in a prime location, providing a safe, elegant, and vibrant environment for families and individuals.
• Yasmine - New Cairo A residential building in New Cairo offering well-designed apartments with modern finishes, easy access to main roads, and proximity to schools, services, and shopping areas, targeted at families and individuals seeking quality housing.
• Real Estate Consulting & Advisory Services Professional advisory services covering property buying, selling, and investment decision-making, offered alongside the company's development portfolio to individual clients and investors seeking guidance through real estate transactions.

Quantifiable outcome

• 500+ residential units delivered to satisfied clients in New Cairo
• +2 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Wadi Al-Abrakain ConstructioncoreOthersWholly-owned subsidiary responsible for construction operations in Gulf countries. The subsidiary has executed multiple projects in Saudi Arabia, enabling Toledo's regional expansion and leveraging local construction expertise.

Scale indicators7 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Ora Developers: Egyptian developer behind premium projects such as Zed Towers and Pyramids Hills, active in Cairo and the North Coast. Comparable to Toledo on luxury residential product, installment-plan sales motion, and family-driven capital structure.
• Amer Group: Egyptian developer of large-scale coastal resorts (e.g., Marassi, Porto Marina) and mixed-use communities. Comparable to Toledo on the resort/coastal North Coast product line and integrated retail-residential master planning.
• Palm Hills Developments: One of Egypt's largest listed real estate developers, active across residential, commercial, and coastal projects in Cairo and the North Coast. Directly comparable to Toledo in product mix, target customer (upper-middle-class Egyptian homebuyers and investors), and geographic focus.
• Emaar Misr: Egyptian arm of Emaar Properties, developing large-scale master-planned communities in Cairo and along the North Coast. Comparable to Toledo on residential and commercial mixed-use product and on serving premium Egyptian and Gulf investor buyers.
• Madinet Nasr Housing & Development (MNHD): Listed Egyptian developer of residential, commercial, and mixed-use projects across Cairo including New Cairo. Comparable to Toledo on Cairo-centric residential pipeline and recurring rental income from commercial assets.
• Tatweer Misr: Egyptian developer of large mixed-use and residential projects including Fouka Bay and Bloomfields. Directly comparable to Toledo on coastal North Coast resorts and integrated residential/commercial communities.
• Mountain View (DMG): Egyptian developer focused on premium residential compounds in New Cairo and seasonal North Coast resorts. Directly comparable to Toledo on luxury positioning, coastal/resort product (e.g., Mountain View North Coast), and upper-middle-class buyer segment.
• SODIC: Leading Egyptian developer of premium residential compounds in New Cairo and West Cairo, with a growing coastal portfolio. Closely comparable to Toledo on luxury positioning, New Cairo emphasis, and installment-based off-plan sales.
• City Edge Developments: Egyptian real estate developer backed by the New Urban Communities Authority, active in New Cairo, Alamein, and East Cairo. Comparable to Toledo on New Cairo residential product and large-scale mixed-use development.

Regional players

• Dar Al Arkan Real Estate Development: Major Saudi Arabian residential and commercial developer, listed on Tadawul. Relevant as a regional peer given Toledo's historical Saudi project base and Gulf construction subsidiary, though it primarily serves the Saudi market rather than competing directly with Toledo in Egypt.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ToledoEgypt
• Facebookfacebook.com/ToledoEgypt
• LinkedInlinkedin.com/company/toledo-development

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 Toledo Development