Maqam For Urban Development

What Maqam For Urban Development does

Maqam for Urban Development is an Egyptian private real estate development company founded in 2021 by Sherif Salem and headquartered in New Cairo. It develops mixed-use commercial, administrative, and medical properties in Egypt's New Administrative Capital, with its sole current asset being the 2,400 sqm, 13-floor Optima Business Complex in the Downtown district. The project targets individual real estate investors, retail and F&B operators, corporate tenants seeking offices near government ministries, and a single healthcare investor via the only officially licensed pharmacy unit within the complex.

The company's core technology layer consists of fourth-generation smart-city infrastructure embedded into the building, including app-integrated parking with EV charging, integrated solar energy generation, smart lighting control, smart waste management with scent detection, and indoor digital wayfinding screens, all delivered in partnership with award-winning architectural firm DMA Engineering Consultants. Revenue is generated entirely through one-time sales of units, with publicly disclosed per-square-meter pricing (administrative units from 80,000 EGP/sqm, commercial units from 300,000 EGP/sqm, and a 51 sqm pharmacy priced at 27.6M EGP) and a broad installment grid spanning 0% to 13% down payments with terms from 6 to 13 years, plus a 32% cash discount for full upfront payment.

The go-to-market is sales-led and direct, with no third-party channel partners, executed through a website with public unit pricing and inquiry forms, six social-media channels, a 17179 phone hotline, and WhatsApp consultations. The company operates exclusively within Egypt, is self-financed with no disclosed institutional funding, and runs with an 18-person team that combines sales, marketing, and project execution under founder control.

Name

Maqam For Urban Development

Legal name

Maqam for Urban Development

Website

https://maqam-ud.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Maqam for Urban Development is a Cairo-based, self-financed real estate developer founded in 2021, selling mixed-use commercial, administrative, and pharmacy units in its 2,400 sqm Optima Business Complex in Egypt's New Administrative Capital to individual investors, retail operators, and corporate tenants.

Ownership category

akta.pro rank

Product category

Real Estate Development

akta.pro primary industry

Retail & Mixed-Use Commercial Construction (IMAFACAB)

Keywords

• Commercial real estate development
• Administrative office space
• Retail property sales
• Medical unit leasing
• Mixed-use complex

Headquarters

HQ city

New Cairo

HQ country

Egypt

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Unit Sales: Maqam for Urban Development generates revenue through the direct sale of real estate units including commercial shops, administrative offices, and medical/pharmacy units within its flagship project Optima Business Complex in the New Administrative Capital. Revenue is realized as one-time transactional payments from buyers, supplemented by installment plans extending up to 13 years, creating a recurring revenue recognition pattern over the financing period.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels9 records

Core offering

Maqam for Urban Development develops and sells mixed-use commercial, administrative, and medical real estate units within its flagship Optima Business Complex project in Downtown New Administrative Capital, Egypt. The 13-floor, 2,400 sqm complex offers commercial retail shops (30–146 sqm), administrative offices (37–86 sqm), and a single exclusive officially licensed pharmacy unit, all equipped with smart building infrastructure (solar energy, EV charging, app-integrated parking, smart waste management) and sold under flexible installment plans extending up to 13 years.

Product overview

Maqam For Urban Development is a real estate development company offering property units for sale in Egypt, primarily focused on the New Administrative Capital. The company's core product is Optima Business Complex, a mixed-use development spanning 2,400 sqm with 13 floors that includes commercial retail shops, administrative offices, and a dedicated pharmacy unit. The portfolio consists exclusively of this flagship project, with units available for purchase through flexible installment plans of up to 13 years.

Differentiator

Problem solved

Functional benefit

Products and services

• Optima Business Complex A 2,400 sqm, 13-floor mixed-use real estate complex in Downtown New Administrative Capital, Egypt, comprising ground and first-floor commercial retail units, floors 2–12 administrative offices, and one exclusive officially licensed pharmacy unit. Designed by DMA Engineering Consultants, it features smart infrastructure including app-integrated parking with EV charging, solar energy, smart lighting, smart waste management, central air conditioning, high-speed internet, and 24/7 security. Sold to businesses, individual investors, and healthcare operators via installment plans of up to 13 years.
• Commercial Retail Units Ground and first-floor commercial retail units ranging from 30 sqm to 146 sqm within Optima Business Complex, priced from 300,000 EGP per sqm. Ground floor units (30–62 sqm) priced from 9,960,000 EGP to 30,892,290 EGP; first floor units (35–146 sqm) priced from 4,795,000 EGP to 25,696,000 EGP. Targeted at retail operators, F&B businesses, fashion boutiques, electronics shops, and service providers seeking high-footfall commercial space in Downtown New Capital.
• Administrative Office Units Administrative office units ranging from 37 sqm to 86 sqm on floors 2–12 of Optima Business Complex, priced from 80,000 EGP per sqm. Smallest unit 36 sqm at 3,135,600 EGP (third floor); largest unit 82 sqm at 9,225,000 EGP (second floor). Includes high-speed internet, central air conditioning, security systems, fire suppression, shared meeting rooms, and coffee corners. Targeted at startups, SMEs, consultancies, and multinational companies establishing presence in Egypt's new business hub.
• Pharmacy Unit A single exclusive 51 sqm officially licensed pharmacy unit within Optima Business Complex priced at 27,601,200 EGP. It is the only officially licensed pharmacy within the entire Optima Business Complex project, creating a legally protected monopoly for the buyer. Targeted at healthcare entrepreneurs and pharmacy operators seeking to serve the growing residential and workforce population of New Administrative Capital.

Quantifiable outcome

• Downtown New Capital commercial units priced at 300,000 EGP/sqm — significantly below future market values as the city approaches full operation in 2026
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• DMA Engineering ConsultantscoreStrategic or Co-development PartnerMaqam for Urban Development partnered with DMA Engineering Consultants, an award-winning architectural firm, to design Optima Business Complex. DMA's design draws inspiration from European architectural principles, merging modern aesthetics with the Egyptian vision for the New Administrative Capital. The partnership ensures the project meets the highest standards of design quality and sustainability aligned with the smart city requirements of the New Capital.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Wadi Degla Developments: Egyptian developer with mixed-use residential and commercial projects across Greater Cairo, including expansion into New Capital-area developments. Comparable to Maqam in unit-sale-driven revenue model with installment plans, and in targeting Egyptian individual and corporate investors.
• Ora Developers: Egyptian developer founded by Naguib Sawiris with projects across Egypt including New Administrative Capital. Directly comparable to Maqam as a developer of premium mixed-use and commercial real estate targeting high-net-worth individual investors and corporate buyers.
• Hassan Allam Properties: Egyptian developer with diversified residential, commercial, and hospitality projects, including a presence in the New Administrative Capital. Comparable to Maqam in mixed-use commercial product positioning and in serving Egypt-based corporate and individual investors.
• Mountain View: Egyptian developer active across Greater Cairo with residential and mixed-use communities, including presence in New Capital-adjacent corridors. Comparable to Maqam in targeting middle-to-upper-income Egyptian investors and corporate buyers with installment-plan-driven unit sales.
• Madinet Nasr Housing & Development: Egyptian developer of Madinaty and other large mixed-use communities, with established presence across East Cairo. Comparable to Maqam as a publicly listed Egyptian developer building mixed-use commercial/administrative product targeting similar investor and corporate buyer segments.
• Palm Hills Developments: Major Egyptian developer with diversified residential, commercial, and mixed-use projects, including a notable presence in the New Administrative Capital. Comparable to Maqam in target buyer segments (individual investors and corporate tenants) and in mixed-use commercial product positioning.
• Emaar Misr: Egyptian arm of Emaar Properties and one of the largest developers in the New Administrative Capital, with major mixed-use and commercial projects including Cairo Gate and Marassi-style developments. Directly comparable to Maqam as a mixed-use commercial/administrative developer targeting the same Downtown New Capital buyer.
• SODIC: Six of October Development & Investment is a leading Egyptian developer with a presence across Greater Cairo and the New Administrative Capital, including mixed-use commercial and administrative offerings. Comparable to Maqam as a publicly listed Egyptian developer competing for the same corporate and investor buyer base in New Capital.
• City Edge: Real estate developer established as a joint venture involving the Ministry of Housing's New Urban Communities Authority, with a major footprint in the New Administrative Capital. Comparable to Maqam in building mixed-use commercial/administrative complexes in New Capital and serving corporate and government-adjacent tenants.
• Tatweer Misr: Egyptian developer of large-scale mixed-use and residential projects including Fouka Bay and Bloomfields, with an emerging footprint in the New Administrative Capital. Comparable to Maqam in mixed-use product strategy and target investor segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@MaqamForUrbanDevelopment
• Facebookfacebook.com/maqamforurbandevelopment
• LinkedInlinkedin.com/company/maqam-for-urban-development
• Instagraminstagram.com/maqamforurbandevelopment
• TikToktiktok.com/@maqamud8?is_from_webapp=1&sender_device=pc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Maqam For Urban Development