News – Mazaya Developments

Mazaya Development is a strategic sponsor of the third edition of the “TBL – The Broker League” initiative.

mazayatestview — Tue, 11 Nov 2025 13:32:39 +0000

Mazaya Developments Company announced its sponsorship of the highly anticipated third edition of the “TBL – The Broker League” initiative, scheduled to take place on 11th November at the Triumph Hotel in New Cairo.

Mohamed Mostafa, CEO of Mazaya Developments Company, stated that this sponsorship underscores Mazaya’s commitment to supporting events that contribute to enhancing the efficiency of the real estate market and strengthening partnerships between developers and real estate Brokers. He added that the initiative provides a valuable opportunity to exchange expertise, showcase the latest trends, and discuss the challenges and opportunities in the Egyptian real estate market.

He further noted that this sponsorship is a key component of the support provided by real estate development companies to empower real estate brokers to deliver superior customer service. This, in turn, positively impacts the overall performance of the real estate market, as delivering the right product to the target customer strengthens real estate companies’ sales plans and supports their expansion strategies.

He pointed out that the conference represents a golden opportunity to discuss current market challenges and develop innovative solutions, ensuring the flow of accurate information about new projects and quality standards. This, in turn, positively impacts consumer confidence and sales strength across the sector. He explained that through this participation, the company aims to strengthen its relationships with a wide network of distinguished brokers and provide a comprehensive overview of its current and future projects, thus supporting its expansion strategy in the Egyptian market.

The third edition of the TBL – The Broker League platform is scheduled to launch on November 11th, under the auspices of the Ministry of Housing, Utilities, and Urban Communities and the Egyptian Real Estate Developers Association. The event will also feature participation from the General Authority for Investment and Free Zones, the General Authority for Export and Import Control, the Financial Regulatory Authority, and a number of leading real estate developers, marketing companies, financial institutions, and major real estate technology platforms.

This year’s conference aims to discuss mechanisms for regulating the Egyptian real estate market, support the principles of transparency and governance, and enhance cooperation between the public and private sectors to contribute to sustainable growth and the development of the real estate investment environment.

“mazaya” Launches the “golden Partners” Initiative to Support Real Estate Marketing Companies in Saudi Arabia

mazayatestview — Tue, 09 Sep 2025 10:09:50 +0000

As part of its role in supporting and assisting real estate marketing companies, Mazaya Real Estate Development Company launched its pioneering initiative, Golden Pretenders, which aims to enhance the strategic partnership with real estate marketing companies, in appreciation of their vital role in the successes achieved by the company over the past years.

Mohamed Hamdy – Head of Sales Sector at Mazaya Company confirmed that the Golden Pretenders initiative relies on Mazaya’s strength and experience in the Saudi market, as the company was able to establish itself there with successful advance steps, through its regional branch in Saudi Arabia, which opens the door for real estate marketing companies dealing with it to benefit from new sales opportunities in a promising market, within the framework of the company’s support for its partners, facilitating sales operations and achieving joint successes with them.

He added that the initiative is not limited to providing additional offers and commissions, but also includes supporting the travel of sales personnel from real estate marketing companies to the Mazaya branch in the Kingdom of Saudi Arabia, while providing housing, a workplace, airline tickets and visas in exchange for setting a specific sales percentage. He explained that the company undertakes all arrangements and procedures that allow partners to focus only on achieving the highest sales percentages directly.

Hamdy pointed out that the initiative will also witness cooperation in producing advertising materials that help spread and promote within the Saudi market, facilitating sales operations and enhancing the chances of success for Mazaya partners. A special meeting will also be held with the companies selected for travel, in order to fully coordinate travel and work arrangements within the Kingdom.

Hamdy explained that the conditions for joining the initiative include preparing a video about the initiative before traveling, and another from Riyadh, in addition to achieving sales of no less than 15 million Egyptian pounds for those wishing to continue within the program, stressing that Mazaya Company believes that any success is based on true partnership with real estate marketing companies, and therefore we always strive to open new horizons for them and support their professional careers The Golden Brtainers initiative is just a new step towards achieving greater joint achievements in a promising market such as the Saudi market .

Hamdy invited all their partners from real estate marketing companies to attend the initiative’s meeting, which the company is organizing next Tuesday, November 9, to learn about the details of the initiative and participation mechanisms .

The Real Estate Developers Association presents practical recommendations for managing the corporate tax file efficiently

mazayatestview — Tue, 02 Sep 2025 09:28:44 +0000

Financial expert Dr. Hassan Ramadan: Proper tax planning and risk management ensure the sustainability of real estate developers' activities

The Evaluation and Investment Committee of the Real Estate Developers Association organized a specialized symposium entitled: “Taxes and everything related to the tax file” with the participation of an elite group of experts and specialists in tax and financial affairs. The session was moderated by Dr. Hassan Ramadan – Financial Director of Mazaya Real Estate Development Company, who stressed during the symposium activities that sound financial and tax planning has become an urgent necessity to ensure the stability of real estate companies and maintain the sustainability of their activities Explaining that managing cash flows efficiently helps developers achieve a balance between their obligations to the state on the one hand, and ensuring the fulfillment of the rights of customers and investors on the other hand.

He pointed out that real estate companies need a clear vision to deal with tax risks, explaining that preparing in advance and developing effective internal plans and policies reduces the burdens that developers may face, especially with the continuous developments in laws and legislation.

He also stressed the importance of integrating modern technology into tax administration and review systems, as a means of simplifying procedures, enhancing transparency, and avoiding human errors, which contributes to increasing state and customer confidence in the real estate sector.

He added that developing a culture of tax awareness within companies would raise the efficiency of financial departments and make them able to adapt to changes without affecting the course of projects or their obligations.

The symposium concluded with a set of recommendations that stressed the need for integration between the state and real estate developers in establishing clear implementation mechanisms for the tax file, in a way that ensures the sustainability of the sector and its role as a major driver of economic growth in Egypt.

Chairman of the Board of Directors of Mazaya Company: Clear strategies are the basis for developers’ success in facing market changes

mazayatestview — Tue, 26 Aug 2025 13:51:18 +0000

Eng. Mohamed Allam – Chairman of Mazaya Real Estate Development Company and Member of the Real Estate Developers Association, stressed that the success of any real estate developer begins with developing a clear strategy for the company and each new project before starting to implement it, stressing that these strategies should be the basis on which marketing and sales policies are built, in a way that ensures the best implementation of the project and keeps pace with market changes.

This came during his participation in the dialogue session organized by the Real Estate Developers Association on the sidelines of the annual general assembly activities, which was entitled “How the developer keeps pace with change”.

The session, which was moderated by Engineer Mohamed Al-Bustani – President of the Association, discussed mechanisms for real estate developers to keep pace with real estate market changes in a way that ensures the fulfillment of their obligations towards customers, and was attended by Engineer Ishaq Anwar – Chairman of the Board of Directors of Prime Real Estate Development Company, Dr. Karim Shaalan – CEO of Royal Real Estate Development Company, and M. Haitham Hassan – CEO of Diyar Development Company, and M. Mohamed Sobhi, Chairman of the Board of Directors of Mimar Real Estate Development Company and member of the Association’s Board of Directors.

Allam added during his speech that studying the company’s financial situation and analyzing the available data correctly represent two essential factors for making accurate decisions, pointing out that any company president must be familiar with all the details of his company, and have a real vision and ability to make decisions and manage his company efficiently.

Allam pointed out the importance of the developer’s commitment to delivering projects on the specified dates and with the quality promised to customers, stressing that after-sales service is no less important than delivery, as it reflects the extent of the company’s commitment and the continuity of the positive relationship with customers.

Mohamed Mostafa: The General Assembly of Real Estate Developers is turning into a dialogue platform to shape the future of the Egyptian market

mazayatestview — Tue, 26 Aug 2025 13:06:33 +0000

Mohamed Mustafa, Chairman of the Marketing and Media Committee of the Real Estate Developers Association and CEO of Mazaya Company, confirmed on the sidelines of the annual meeting of the Real Estate Developers Association that holding the General Assembly this year came with a new spirit and different ideas, as it was not limited to approving the annual budget, honoring members, and handing over shields and certificates of appreciation to companies only. Rather, it served as a fruitful forum for members to exchange experiences and discuss the most important variables of the real estate market.

Mustafa explained that the Marketing and Media Committee was keen to structure the day in a distinctive and different way to ensure that it is an integrated event that combines the official and discussion aspects between all committees in the association and the participation of members with the aim of enriching the audience in a way that serves their work and enhances the success of their companies in a fundamental way.

Mustafa added that the Association’s Evaluation and Investment Committee also organized a specialized symposium entitled “Taxes and Everything Related to the Tax File,” in which a group of experts and specialists participated, providing practical solutions and clear answers to everything related to the tax file, which was positively reflected on the attendance of financial managers in real estate companies. The day also included organizing two dialogue sessions, the first entitled “The Role of the Developers Association in Unifying the Egyptian Real Estate Voice.” Which discussed the laws and legislation affecting the market, and the importance of unifying joint efforts and initiatives between companies to enhance negotiating power with regulatory authorities. The second session was titled “How does the developer keep pace with change?” It addressed the challenges and opportunities resulting from the rapid changes in the Egyptian real estate market, and the role of developers in keeping pace with development and innovation to provide added value to customers.

The Chairman of the Association’s Marketing and Media Committee concluded his statements by stressing that the Real Estate Developers Association will continue to organize qualitative events that bring together members and open serious channels of dialogue on the most important issues and challenges on a regular basis, in a way that contributes to supporting the Egyptian real estate market and creating a more stable and flexible work environment.

Mazaya Developments to Launch New Project in East Cairo as Part of Expansion Strategy

mazayatestview — Thu, 10 Apr 2025 12:35:20 +0000

Mazaya Developments is preparing to launch a new real estate project in East Cairo during the second half of 2025, as part of its broader strategy to expand and diversify its offerings, Invest-Gate reports.

Chairman Mohamed Allam said the company is currently evaluating several land plots it owns to select the most promising location for the upcoming project.

“We are committed to diversifying our real estate portfolio based on actual market demand, which has given our projects a competitive edge in Egypt,” Allam noted. He stressed that each Mazaya project is developed with a strong focus on structural quality and tailored to meet customer needs.

Mazaya is currently developing four projects in the New Administrative Capital, with total investments exceeding EGP 8 bn. The company’s flagship project, The Rook, located in Downtown on a 2,650 sqm plot, has completed over 94% of its concrete structure, with interior finishing and façade works underway. Completion is expected by December 2025.

Gemini Red, the second project, also Downtown, has reached 38% structural completion. Construction began in September 2024, with full delivery expected by June 2026.

Work is progressing rapidly on Gemini Blue and Norm Spaces, the company’s latest mixed-use development in MU23. Norm Spaces recently launched a new batch of luxury residential units, with groundwork preparations ongoing and excavation expected to begin in Q3 2025.

The Chairman of Mazaya Developments Company: We Are Implementing 4 Projects in the Capital, and Construction Rates Are in Line With the Established Timetables

mazayatestview — Sun, 16 Feb 2025 12:03:14 +0000

During a press tour of the company’s projects in the Administrative Capital

Chairman of the Board of Directors of Mazaya Real Estate Development Company:

Engineer – Mohamed Allam:
We are implementing 4 projects in the capital and construction rates are in line with the established timetables.
Completion of 94% of the concrete structure of the ”The Rook” project and delivery by the end of 2025
38% of the Gemini Red concrete structure will be implemented and the project will be delivered during the second quarter of 2026

Eng. Mohamed Allam, Chairman of Mazaya Real Estate Development Company, said that the company has been implementing 4 projects in the New Administrative Capital since its launch, including administrative, commercial and hotel projects, with total investments exceeding 8 billion pounds. He pointed out that the construction phases of the four projects are proceeding at high rates, and according to the timetables agreed upon with customers. These projects are also distinguished by their distinguished and vital locations that enhance their investment position and make them the ideal choice for customers.

Allam added during a press tour of the company’s projects in the capital to follow up and monitor the latest developments regarding the volume of completion of each project on the ground that the construction stages of the projects are being carried out in a balanced manner according to the timetable set for each project separately, explaining that the percentage of construction in the company’s first project in the capital

THE ROOK, which is located in the Downtown area on an area of 2650 square meters, exceeding 94% of the concrete structure. Work is currently underway on the interior finishes and contracting for the exterior facades, with supplies to be made next month and work on the facades to begin after the end of the holy month of Ramadan Pointing out that the building area of the entire building reaches 11 thousand square meters with an average of 700 square meters for each floor of the building consisting of a ground floor and 13 repeated floors in addition to 4 floors of underground garages with an area of 10,200 square meters, adding that implementation work on the project began in September 2023 and it is expected that the project work will be completed during December 2025.

As for the company’s second project, Gemini Red, in the capital, which is located in the Downtown area on an area of 2,370 square meters, the concrete structure has been completed at rates of up to 38% The construction ratio of the project is 11,300 square meters. The project consists of a ground floor and 15 recurring floors, in addition to 3 underground garage floors with a building area of 7,000 square meters. He pointed out that the company began construction work on the project in September 2024, and it is expected that the concrete works will be completed in the first quarter of 2026, with the entire building to be delivered in June 2026.

During the tour, journalists inspected the company’s third project, Gimini Blue, which is also witnessing advanced construction rates. Allam pointed out that replacement work is underway and the project’s regular cladding is being poured. The project is located on an area of 2,420 square meters, with a construction area of 9,200 square meters for 4 underground garages, in addition to 11,500 square meters for a number of ground floors and 15 recurring floors, with an average of 600 square meters per floor He added that implementation work on the project began in December 2024, and it is expected that the casting of the plaster will be completed in April 2025, with the project to be delivered in December 2026.

As for the company’s fourth project in the capital, Norm Spaces, which is located in the MU23 area on an area of 6,700 square meters and consists of 3 floors, underground garages, a ground floor, and 9 repeated floors, soil testing work is currently underway, and excavation work will begin at the beginning of the third quarter of this year Pointing out the company’s keenness to continue construction work at a rapid pace to deliver projects to customers on the agreed dates in accordance with the highest standards of quality and sustainability to preserve the investment value of our projects, pointing out the company’s keenness to implement distinguished urban projects in terms of engineering designs and taking into account all internal and external details of the building The company is also keen to select very distinguished success partners from major expertise houses, architectural and executive engineering consulting companies, and management and operation companies to provide the highest possible services to its clients.

Allam added that they are adopting an important principle of work within the company that depends on continuous development while studying everything new so that they can obtain a special Durability for buildings, in addition to studying the facades scientifically to ensure their ability to withstand the force of wind or the extent of their insulation from heat and water.

He explained that the most important feature of the company’s projects is the Double Height, especially in commercial floors, which allows the use of multiple solutions. This is in addition to the presence of a fire tank in each project that can accommodate about 400 cubic meters of water, and it has a feature that enables the building to operate normally even in cases of water outage for a few days There is also a rain tank that can be used in cases of heavy rain, floods, or water levels higher than normal inside the building.

As for the progress of work within the four projects and how the company keeps pace with market changes in order to implement the projects on their specified dates, Engineer Ahmed Shams – Head of Projects at Mazaya Real Estate Development Company said that construction work did not stop during the year 2024, as working hours reached 5,835 hours, with an average of 16 hours per day, with two full shifts during one day The workforce in the projects reached 11,530 working individuals, including blacksmiths, carpentry workers, drilling workers, builders, etc.

He also pointed out that the company conducts a pre-study every three months to study the cash flow required during each period and work to provide the requirements of each stage of raw materials, revealing the use of 3,000 tons of iron during construction work and the ability to complete 20,000 square meters of concrete through the company’s constant endeavor to possess the best modern equipment from loaders and cranes Revealing that the company owns 3 loaders in addition to a mobile winch, covering 7,000 square meters per day, which enables us to adhere to timetables while maintaining costs and facing part of the price variables.

Shams added that Mazaya Company relies in implementing its projects on studying all construction details and taking into account their application in a way that achieves different construction quality within the project, noting that the construction work is implemented by Mazaya Contracting Company, which has long experience in this field through the presence of distinguished engineering cadres, explaining that the company is implementing the four projects of Mazaya Company and aims to obtain contracting contracts of about 500 million pounds during the year.

It is worth noting that Mazaya Company was established in 2017, and is considered one of the leading companies in the field of real estate development in the New Administrative Capital by Eng. Mohamed Allam and Mohamed Mustafa, as its founders have more than 16 years of experience in the field of real estate development, during which they implemented 35 projects in the Fifth Settlement area.

The company is implementing 4 projects in the New Administrative Capital, as the company launched its first project in the capital in 2021, which is the «The Rock» project on an area of 2,650 square meters in the Downtown area with investments of approximately 1.2 billion pounds, and it is a commercial and administrative project.

The company is also implementing the project ” Gemini Red ” with an area of 2370 square meters and ” Gemini Blue” with an area of 2420 square meters with a ground height of + 15 repeated floors for each project, with investments of approximately 1.5 billion pounds for each project, in the Downtown area, which is a commercial and administrative project.

The company’s fourth project is the ” ” Norm Spaces” project, which is built on an area of 6,700 square meters with investments of approximately 5 billion pounds. It is a commercial, administrative and medical project.

M. Mohamed Allam – Chairman of Mazaya Company.. Providing Raw Materials and Setting an Appropriate Price for Real Estate Projects is a Challenge Facing Developers Since 2016

mazayatestview — Thu, 23 Jan 2025 09:39:47 +0000

Eng. Mohamed Allam, Chairman of Mazaya Company, said that providing raw materials for projects on a continuous and sustainable basis, while setting accurate pricing appropriate to the cost and the customer, has become a major challenge facing real estate companies in the recent period, especially since the beginning of the exchange rate movement at the end of 2016, as we have a variable and essential element in any project.

He added during a phone call to the program “Who Built Egypt” with the journalist Marwa Al-Haddad, on Radio Misr In addition to the idea of continuous change in prices, we have another challenge, which is the availability of some types of raw materials due to circumstances related to imports or any exceptional economic circumstance, especially with the global changes that occur significantly, such as wars in the region or outside it or a global epidemic such as Corona and the cessation of movement between countries and other factors that directly affect various economic sectors, including the real estate sector.

He added that these challenges made the engineering study to determine the value of any project necessary, and made developers spend large sums of money on various studies to ensure the completion and continuation of their projects, because there are some commercial and administrative projects on the spot that have already been completed and are facing a problem in operation due to the need for some imported raw materials or spare parts for important equipment.

He stressed that some types of finishes, such as the facades of buildings and shopping centers, despite their prevalence and preference for aesthetic appearance, require a higher operating cost with the operation of the project due to their need for higher cooling, noting that the state, in its buildings in the capital and the government district in particular, has created a kind of balance between stone and glass facades and aesthetic appearance, which is something that the private sector has overlooked Thus, the state was able to preserve the aesthetic appearance of the building while at the same time saving a large percentage of operating costs and improving the efficiency of energy management.

He also explained that reducing the operating cost of projects and ensuring their continuity and the availability of the necessary raw materials, especially after operation, such as basic spare parts and others, is important for any project because the sustainability of the project provides the customer with a lot in the future, and the high operating cost negatively affects the success of projects, so studying all factors, identifying them and choosing the most appropriate is necessary and is no longer part of the luxury for any developer.

Mazaya Developments starts its first promotional tour for 2025 in several Arab countries.

mazayatestview — Sat, 18 Jan 2025 09:05:13 +0000

Mohamed Mustafa – CEO of the company
Tours include 4 Arab countries. For the first time, participation in real estate products at the ”Egypt Real Estate” exhibition in the Libyan Jamahiriya.

In continuation of a series of successive participations and successes achieved by Mazaya Real Estate Developments Company in external exhibitions in a number of Arab countries during the year 2024, the company’s first promotional tours for a number of Arab countries in 2025 were launched yesterday, which will continue until the end of next February as part of the company’s marketing plan during the current year. It began in the Kingdom of Saudi Arabia as a first stop and the tour ends in the State of Kuwait.
Commenting on this early marketing launch in the new year,

Mohamed Mustafa – CEO of the company said that Mazaya Company achieved great success in its marketing plan for last year, which continued until the end of December The great demand that the company felt through its permanent branch in Saudi Arabia from customers abroad and the interest in the Egyptian real estate product made them keen to be present intensively during the coming period in exhibitions and promotional participations in a number of targeted Arab markets, noting that the percentage of the company’s customers from abroad reached about 50% during the year 2024.

Mustafa added that the plan for the first tours of the current year began yesterday in the Kingdom of Saudi Arabia and will continue until January 19, then head to the State of Bahrain from January 20 to 30, after which the company will head for the first time to the Libyan Jamahiriya to participate in the ”Egypt Real Estate” exhibition from February 3 to 6 at the exhibition grounds in Benghazi, which is the first real estate exhibition in Libya The company will then head to Kuwait to participate in the Everest Real Estate Exhibition from February 20 to 22. The company will continue to hold a number of promotional meetings in cooperation with the company’s branch in the Kingdom of Saudi Arabia until the end of next February.

Mustafa stressed that Mazaya’s participation in such events comes within the company’s vision of contributing to the export of real estate and attracting more customers to the Egyptian market, and the company’s belief in the strength and performance of the Egyptian real estate sector and the tremendous development in the urban development file in Egypt, which has been achieved on the ground for many foreign markets, in addition to the fact that these participations are a strong opportunity to present a number of projects related to the company and other projects In new cities through the company’s permanent branch in the Kingdom of Saudi Arabia, the company sought to expand and have a presence in a number of Arab countries by studying the presence in other branches that will be announced soon.

The CEO of Mazaya Company added that the company will present very special offers during its promotional tours in these countries throughout their presence, whether it is Mazaya Company projects or presenting investment opportunities for other real estate projects for major real estate companies in a number of vital areas through Mazaya Company’s marketing arm, which is keen to be permanently present in all real estate exhibitions and events organized in various Arab countries.

Ceo of «Mazaya Developments»: The Saudi Market is a First Step Towards Regional Expansion

mazayatestview — Sun, 17 Nov 2024 12:15:09 +0000

Mohammed Mustafa, CEO of Mazaya Real Estate Development Company, confirmed that the Saudi market is witnessing unprecedented growth and a dazzling transformation in the construction sector, which is an ideal opportunity for investment, expansion and participation in the urban renaissance that the Kingdom of Saudi Arabia is currently witnessing.

Stressing that the last round held by Mazaya Company in the Saudi market during the past weeks resulted in a number of contracts and partnerships that the company will announce soon, which will be a new launch for the company to provide distinguished real estate services to the Saudi market and achieve mutual successes between the two sides.

Mustafa added that since its launch in the Egyptian market, Mazaya Company has adopted a special vision that aims to develop the performance of work in the real estate sector as a whole and leave a clear mark that distinguishes the company, whether in the quality of the real estate product it offers to the market or the various architectural and real estate engineering consultations to keep pace with the unprecedented boom in the field of construction and building and provide unique sustainable projects that reflect the company’s commitment to its customers and add to its balance of successes in the market

Pointing out that one of the company’s most important goals during the next five years is to expand regionally in a number of Arab countries, and Saudi Arabia was the company’s first stop in expanding abroad. Indeed, the company opened its branch in the Riyadh region to attract more foreign investments to the Egyptian market, and to display the investment opportunities that we offer directly in the Egyptian market, in addition to studying and analyzing the opportunities available in the Saudi market in preparation for our presence in future projects and exceptional services there as well.

Mustafa praised the great development in the construction sector and the tremendous urban expansion in the Kingdom of Saudi Arabia and the Kingdom’s vision for sustainable development 2030, in addition to many other economic fields that are considered real opportunities to activate bilateral partnerships between Egyptian and Saudi businessmen in all economic fields Especially since there is a convergence of visions and a real desire between the two sides to increase the volume of investment cooperation with the Egyptian side and provide all forms of support to Egyptian investors, in addition to the desire of the Saudi side as well for promising and attractive investment opportunities in Egypt, and to increase the volume of Saudi investments, believing in the strength of the Egyptian market and achieving the highest profitable returns in the Middle East region.

The CEO of the company confirmed that Mazaya Development, since its launch in the Egyptian market, seeks to be one of the largest real estate development companies within a few years, and to take steady steps to expand externally by relying on accurate studies of the markets in which it aims to be present in order to meet the actual needs of customers within any market in which it operates to provide a different and influential service

Therefore, we have studied the Gulf markets over the past two years and participated in a number of events held in the KingdomHe held many bilateral meetings with a number of Saudi businessmen and we sensed a real desire to enhance joint cooperation in a number of important real estate fields that the Saudi market needs, which will be provided by Mazaya Company with innovative ideas and unique services, all details of which will be announced within days and will be an addition to the Saudi real estate market and its launch into other Arab markets in the future.