MIRAD Developments

What MIRAD Developments does

MIRAD Developments is an Egyptian real estate development company founded in 1979, headquartered in El Sheikh Zayed, Cairo. It develops residential properties for individual homebuyers and real estate investors, with an active and completed portfolio spanning Maadi, El Sheikh Zayed, 6th of October City, and the Red Sea coastal market of Marsa Allam. Key active products include Villaria (15 residential buildings in 6th of October City with unit sizes of 130–259 m²), Maadi Gate, and M Apartments; completed inventory includes the MMT, NPT, ELT, NMR, and NPIT projects.

The company's revenue model is direct unit sales to consumers under a 20% down payment structure with installment plans extending up to eight years, creating a long-tail revenue recognition profile tied to construction milestones and buyer payment schedules. MIRAD outfits its residential units with smart home technology — IP cameras, light sensors, access control, and visual intercom systems — as a product feature, though these are standard building automation rather than proprietary AI systems. The company operates as a private Egyptian joint-stock (contributed) company with approximately 21 employees, positioning it as a small-to-mid-tier developer in the Egyptian residential market.

Name

MIRAD Developments

Legal name

MIRAD

Website

https://mirad.co

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

11–50 employees

Short description

MIRAD Developments is an Egyptian residential real estate developer founded in 1979, headquartered in El Sheikh Zayed, Cairo. It builds and sells smart-home-equipped apartments and compounds in Maadi, 6th of October, El Sheikh Zayed, and Marsa Allam to individual homebuyers and investors.

Ownership category

akta.pro rank

Headquarters

HQ city

El Sheikh Zayed

HQ country

Egypt

HQ region

Africa

Offices3 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Residential Property Sales: MIRAD generates revenue through the sale of residential units in their developed compounds. The company sells completed and off-plan residential properties directly to buyers with flexible payment plans including down payments and installment schemes.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

MIRAD Developments is an Egyptian real estate developer that builds and sells premium residential compounds in prime Egyptian locations including Maadi, El Sheikh Zayed, 6th of October, and Marsa Allam. The company develops master-planned communities featuring modern architecture, smart home technologies (IP cameras, light sensors, access control, visual intercoms), and community amenities, offering residential units of 130-259 m² with flexible payment terms of 20% down payment and up to 8 years of installments.

Product overview

MIRAD Developments is an Egyptian contributed (joint-stock) real estate development company that operates as a single unified property development platform. The company offers a portfolio of residential projects including Villaria (latest project in 6th of October), Maadi Gate, and M Apartments, with completed projects spanning Maadi, El Sheikh Zayed, 6th of October, and Marsa Allam. MIRAD is characterized by selecting prime locations, implementing modern architectural designs, utilizing newest building technologies and finishing trends, and employing quality local and imported materials. Payment options include 20% down payment with up to 8 years installment plans.

Differentiator

Problem solved

Functional benefit

Products and services

• Villaria

Segments2 records

Ideal customer profiles2 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.

• Brand HeatersminorOthersBrand Heaters is identified as the website developer for MIRAD Developments. This is a service/contractor relationship for digital infrastructure development rather than a strategic business partnership.

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• City Edge: Joint venture between the New Urban Communities Authority and major Egyptian developers, focused on large-scale residential developments across new Egyptian cities — directly comparable in target market and product type.
• SODIC: One of Egypt's leading real estate developers, with flagship projects in Sheikh Zayed, 6th of October, and the North Coast — directly overlapping MIRAD's core geographies and premium residential segment.
• Hassan Allam Properties: Egyptian real estate developer with residential compounds in New Cairo, Mostakbal City, and the North Coast — operates in the same premium residential submarket with similar product features.
• Tatweer Misr: Egyptian developer behind large integrated residential projects including Fouka Bay and Bloomfields — comparable premium residential positioning with similar target clientele.
• Ora Developers: Egyptian real estate developer focused on luxury residential projects in prime Cairo locations including the North Coast — directly comparable in product positioning and amenity focus.
• Amer Group: Egyptian developer with residential projects across Cairo, the North Coast, and Ain Sokhna — competing in the same mid-to-premium residential compound segment.
• Emaar Misr: Egyptian arm of Emaar Properties, developing large-scale integrated communities including Marassi (North Coast) and Uptown Cairo — competes in the same premium residential niche across overlapping geographies.
• Mountain View Egypt: Egyptian residential developer with master-planned compounds in 6th of October, New Cairo, and the North Coast — directly comparable in product format and target buyer to MIRAD's Villaria and Maadi Gate.
• Palm Hills Developments: Egyptian premium residential developer operating across Cairo, the North Coast, and Red Sea — a direct competitor in master-planned residential compounds aimed at upper-middle and high-income buyers.

Broad incumbents

• Madinet Nasr Housing (MNHD): Long-established Egyptian developer with a large land bank in East Cairo and a listed share offering — broader incumbent with similar residential offerings and shared institutional credibility challenges.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mirad-developments

Revenue estimate

Valuation estimate

Number of profiles

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 MIRAD Developments