Mountain View & MNHD Developments privileged developers in Egypt

20-10-2022

Real estate Development and real estate investment are at the fore in most economic discussions nowadays, and this comes as a result of the popularity of the idea of owning real estate among Egyptians.

Recent years have also proven that real estate is at the forefront of resilient activities or investments with profits. Despite all the global events, the real estate sector has been able to prove its existence and its ability to make profits even in light of crises.

Perhaps everyone knows what real estate is, but some do not know that the real estate product does not come to light without the combined efforts of many institutions and individuals. Any real estate project starts with just an idea and design but ends up becoming the project of a lifetime or a dream home for most people.

Today in this article we will take you on a tour to learn about real estate development and its importance and who is the real estate developer and we will showcase two of the most important real estate development companies in the Egyptian market:

Through our weekly articles, you will always stay updated with information about the real estate sector in Egypt, do not hesitate and take a look at the rest of the articles.

Who is the real estate developer?

Who is the real estate developer or what is the real estate development company?

This question can be answered simply as the real estate developer is the person or company that owns a vision or idea for development, and often these ideas and projects are related to land development, which they can plan on to develop real estate projects.

The real estate developer buys large areas of land for development or reclamation through the establishment of residential projects and communities, industrial complexes, shopping centers, and administrative buildings. Sometimes the developer can buy neglected real estate buildings and turn them into effective projects.

One of the most important features of the real estate developer is his ability to provide financing that covers the costs of projects. Therefore, real estate development companies must have sufficient capital and then start contracting with either the architectural design offices to develop designs or an urban planner for project planning, as well as cooperation with contracting companies to provide labor and equipment, and tools needed to implement the project.

Learn about one of the largest real estate development projects in the industrial sector that Egypt is witnessing now, Tarboul Industrial City. Read these articles and learn about the city:

What is the importance of real estate developers?

Some may wonder what is the importance of having a diversity of real estate developers and how the presence of real estate developers serves the individual and the country.

At the outset, it must be agreed that real estate development companies do not only finance projects for profit, but they often play a very big role in advancing the development movement, and in this case, we refer to Egypt.

The fields include the real estate sector and investments, as well as industry. All development goals were formulated and placed in Egypt’s 2030 Vision, which works to achieve 3 dimensions of sustainable development, namely the environmental, economic, and social dimensions.

From this point of view, the state cannot reach the development goals through the efforts of the government alone, so in many cases, it resorts to the private sector to implement a set of projects. One of the examples of these partnerships is the Tarboul Industrial City, which comes as a result of cooperation between GV Real Estate Developments and the General Authority for Construction and Housing Cooperatives.

There is no doubt that everything has its own set of pros as well as cons, so now get to know the pros and cons of real estate development companies.

Advantages of real estate development companies

Real estate development companies can offer many pros that serve all parties and can be grouped into the following points:

Providing the capital required to implement projects
Develop a specific time plan for projects, which ensures speedy completion of projects
Providing projects that meet specifications and are of high quality
It is considered the link between all parties, starting with state institutions, individuals, land owners, and contractors.

Disadvantages of real estate development companies

As for the negatives that can be posed by real estate development companies, they are as follows:

A group of lands and projects can be monopolized under the umbrella of one Development Company, which reduces offers and causes prices to rise.
If oversight disappears, the quality of construction can be tampered with.
If the developer falls into some financial or legal issues, the project may be completely disrupted, which will affect the owners of the project, and this is what we have witnessed in some real estate projects.
The options may be limited within a single project, but the increase in the number of developers, adds a greater diversity of options available to you.

Learn more about real estate investment in Egypt through this article 4 points that will interest you about the current Egyptian real estate market.

The most important real estate developers in Egypt

The Egyptian real estate sector has a wide range of real estate development companies, many of which have a long history and a portfolio of luxury and huge real estate projects that speak for themselves.

Today we have chosen for you two of the most important real estate development companies in Egypt, which have recently announced their cooperation to implement one of the largest development projects in the New Cairo area, which is the Helio Park New Cairo project.

Increase your knowledge of the real estate sector through this article 9 frequently asked questions that people ask about real estate.

Nasr City Housing and Development Company

It is considered one of the leading companies in the field of real estate development, which was established in 1959, and it is the second largest company that owns land in the Arab Republic of Egypt, which has been characterized by the implementation of housing projects since the sixties of the last century after President Gamal Abdel Nasser transferred an area of about 4.5 million square meters to the company to establish residential communities. And Nasr City Company was famous for implementing huge projects with distinguished infrastructure.

The most prominent projects of Madinet Nasr for Housing and Development:

Mountain View Development and Real Estate Investment Company

Mountain View is one of the real estate development companies that has been able to prove itself strongly in the Egyptian real estate market and has gained the confidence of Egyptians greatly over recent years. Mountain View Company was established in the year 2005 and the company gained wide fame as a result of providing luxury housing projects that provide a high standard of living and services.

Mountain View projects are characterized by a distinctive and unique architectural style inspired by the American and European styles. All Mountain View projects provide a high level of privacy and quiet life, in addition to the fact that the prices of their projects are very special for the value they get.

Mountain View's most important projects

Fifth Settlement

6 October

Helio Park New Cairo project

The Helio Park project is one of the mega projects that will be witnessed in the New Cairo area, specifically on the Cairo-Suez Desert Road. This project comes as a result of the bidding by Madinet Nasr for Housing and Development, with an area of 1,695 acres.

Helio Park project is a comprehensive project that will be provided through a variety of real estate units, including residential, administrative, and commercial units. Helio Park New Cairo is located on an extension of 3 km from the Suez Desert Road and only 2 km from 90th Street in the Fifth Settlement.

Learn more about the details of the Helio Park New Cairo project through this article, Helio Park New Cairo, the largest real estate auction in the last 10 years.

Through our website, you can always learn about the latest real estate projects and you can also follow the latest real estate news.

If you have any questions or inquiries, you can contact us directly at this number 01003366453.