What Aljar Development does

Aljar Development (formerly Bunyan, founded 1999) is a privately held Egyptian real estate developer headquartered in Cairo, focused on luxury residential and mixed-use communities across Cairo and Alexandria. The company operates three primary projects: Aljar British District (a 46-70 acre mixed-use development in New Cairo with a $300M investment and a 24-acre integrated medical city), Valore El Thawra (a 28,000 m² sold-out project in Heliopolis), and Aljar Sheraton (a premium residential community in the Sheraton District). A signature technical and commercial feature is 100% hotel-finished residences — fully finished units with concealed ACs, fitted kitchens, and hotel-standard quality — paired with a 3-year guaranteed delivery commitment.

The company's business model is predominantly one-time residential property sales to high-net-worth individuals and real estate investors, with multi-year installment plans (5-20% down payments, up to 7 years interest-free). It supplements unit sales with hospitality-managed serviced apartments (via Concorde Hotels & Resorts) and commercial/retail space in mixed-use developments. Distribution is direct-to-consumer through on-site sales offices, a dedicated phone line (15024), and website inquiry capture, with brand-building amplified through PR events and social media.

The 2025 corporate rebrand to Aljar Development coincided with the strategic launch of Aljar British District, anchored by flagship partnerships with Aston University (first British medical university in the Middle East) and NHMC UK (a $300M integrated medical complex). This positions Aljar as a developer pursuing an integrated community-as-a-service model — bundling residential, education, healthcare, hospitality, and retail — rather than competing purely on residential square footage. The company is led by Dr. Ahmed Abd El Magid, also Chairman of affiliated entities Valore Group, El Riyad Castle Development, and Bunyan Development.

Name

Aljar Development

Legal name

Aljar Development

Website

https://aljardevelopment.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Aljar Development is a privately held Egyptian real estate developer (founded 1999, formerly Bunyan) building luxury, hotel-finished mixed-use communities across Cairo and Alexandria. It serves high-net-worth buyers and investors through flagship projects including Aljar British District, Valore El Thawra, and Aljar Sheraton.

Ownership category

akta.pro rank

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Residential Property Sales: Primary revenue from selling fully finished residential units across developments in Cairo and Alexandria. Units include studios, 1-3 bedroom apartments, duplexes, and penthouses with flexible payment plans.
2. Hospitality & Serviced Apartments: Revenue from hotel-managed serviced apartments operated by Concorde Hotels & Resorts, providing hotel-standard lifestyle services in select developments.
3. Commercial & Retail: Revenue from commercial units including central retail promenade with cafes, restaurants and lifestyle services in mixed-use developments.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Aljar Development is a private Egyptian real estate developer that builds and sells fully finished luxury residential units and mixed-use communities across Cairo and Alexandria. Its portfolio includes Aljar British District (a 70-acre flagship mixed-use development in New Cairo with a $300 million investment, medical city, and Aston University partnership), Valore El Thawra (28,000 m² mixed-use project in Heliopolis), and Aljar Sheraton (premium residential community). All units are delivered 100% hotel-finished with concealed ACs, fitted kitchens, and flexible interest-free installment plans of up to 7 years.

Product overview

Aljar Development is a real estate development company (formerly Bunyan) operating since 1999, creating landmark mixed-use communities across Egypt. The portfolio consists of three main projects: Aljar British District (70-acre educational/hospitality development in New Cairo), Valore El Thawra (28,000 m² mixed-use project in Heliopolis), and Aljar Sheraton (premium residential community in Sheraton). All properties feature hotel-finished residences with 100% completion standards, 3-year guarantees, and flexible payment plans up to 7 years interest-free.

Differentiator

Problem solved

Functional benefit

Products and services

• Aljar British District A 70-acre mixed-use flagship development in New Cairo on Suez Road featuring residential, hospitality, educational, and commercial components. Includes 100% hotel-finished residences, 80% green spaces, a 24-acre medical city in partnership with NHMC UK, and a British medical university partnership with Aston University. Targets affluent buyers and families seeking integrated live-work-learn communities.
• Valore El Thawra A 28,000 m² mixed-use project in Heliopolis combining residential apartments, serviced residences operated by Concorde Hotels & Resorts, and a central retail promenade with cafes, restaurants, and lifestyle services. Offers fully finished units with concealed ACs and fitted kitchens, with delivery scheduled for 2026.
• Aljar Sheraton A premium urban residential community in the Sheraton District of Heliopolis offering fully finished 1-3 bedroom apartments with hotel-standard quality managed by Concorde Hotels & Resorts. Features a clubhouse, swimming pool, green spaces, and a secure gated environment for affluent individual buyers and families.

Quantifiable outcome

• 3-year delivery guarantee with on-time handover commitment
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered flagship, core and minor.

• Aston UniversityflagshipStrategic or Co-development Partner · 21 May 2025Region's first British medical university partnership. Aston University offers undergraduate and postgraduate degrees in medicine and nursing, approved by Egyptian Ministry of Higher Education. Programs designed to meet current market needs with joint research projects and student exchange program.
• NHMC (UK)flagshipStrategic or Co-development Partner · 21 May 2025British healthcare provider developing Egypt's first integrated medical complex including university, hospital, care village, international language school, commercial hub, and residential areas. $300 million investment in Aljar British District medical city.
• Concorde Hotels & Resorts (Groupe du Louvre)coreStrategic or Co-development PartnerPremium hospitality management partner for serviced apartments in Aljar Sheraton and Valore El Thawra projects. Provides hotel-standard finishing and serviced hospitality operations.
• Namaa PFMcoreImplementation/ SI/ Consulting PartnerProperty and facilities management partner handling community and property management services at Valore El Thawra.
• ProcareminorImplementation/ SI/ Consulting PartnerProperty and facilities management partner for Aljar Sheraton project.
• El Riyad Castle DevelopmentcoreStrategic or Co-development PartnerPioneer in Egyptian real estate since 1999, developing landmark communities across Cairo and Alexandria. Associated entity under Aljar Development group.
• Ministry of Housing, Utilities & Urban Communities (Egypt)coreOthersGovernment partner for real estate development projects in Egypt.
• New Urban Communities Authority (NUCA)coreOthersGovernment authority overseeing new community development in Egypt, regulatory partner for development projects.
• Army EngineeringcoreOthersStrategic partner for construction and engineering services in development projects.
• AlmazaminorOthersPartner entity associated with Almaza brand in development ecosystem.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Palm Hills Development: Leading Egyptian luxury and mixed-use real estate developer listed on EGX, operating across Cairo and coastal markets with comparable premium residential compounds targeting HNW buyers.
• Mountain View: Egyptian developer of premium residential compounds in New Cairo, 6th of October, and the North Coast, competing directly with Aljar's fully finished, amenitized apartment product.
• Amer Group: Egyptian developer (Amer, Kai Sokhna, AUCT) building fully finished residential and coastal communities aimed at HNW and upper-middle-class Egyptian buyers.
• Tatweer Misr: Egyptian developer behind Fouka Bay and other premium coastal/Cairo residential projects, comparable in scale, target buyer, and fully finished villa/apartment positioning.
• City Edge Developments: Egyptian developer (NUCA-backed) building large-scale mixed-use and residential projects in East Cairo and the New Administrative Capital, with overlapping HNW buyer segment.
• Emaar Misr: Emaar's Egyptian subsidiary develops large-scale master-planned communities (e.g., Marassi, Uptown Cairo) in the same HNW/mid-premium segment and geographies (Cairo) as Aljar.
• Ora Developers: Egyptian developer (formerly SODIC) building premium residential and mixed-use communities in East Cairo and the North Coast, with similar hotel-finished product positioning and installment plans.
• Hyde Park Developments: Egyptian developer of large New Cairo master communities (e.g., Hyde Park, District 5), competing head-to-head with Aljar British District for similar buyers and locations.

Broad incumbents

• Orascom Development Egypt: Egyptian-listed developer (El Gouna, Makadi, O-West) operating integrated towns and hospitality-led communities; broader and more established than Aljar but comparable in HNW positioning.

Regional players

• El Gouna / Orascom Construction-backed communities: Premium integrated resort community on the Red Sea coast targeting Egyptian and international HNW buyers with hotel-managed residences, comparable in hospitality-branded residential positioning to Aljar's Concorde-managed units.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ALJARDevelopment
• LinkedInlinkedin.com/company/aljar-development
• Instagraminstagram.com/aljardevelopment/?hl=en
• TikToktiktok.com/@aljardevelopment

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 Aljar Development