Q Developments Targets EGP 24 Billion Investments Across 260 Feddans

Egyptian real estate developer Q Developments targets total investments worth EGP 24 billion, or approximately $441.35 million, across a land bank of 260 feddans through the end of 2026, Chairman Ahmed Thabet told Zawya Projects, as reported by Reuters via TradingView.

The portfolio includes Q Hills in New Sheikh Zayed, Q North in Sidi Abdel Rahman, Q Bay in New Alamein, and Q San Stefano in Alexandria. Thabet stated that the company has obtained the necessary ministerial approvals and licenses for Q Hills, its first project in West Cairo.

Q Hills spans 24 feddans along the Dabaa Axis near Sheikh Zayed City and Sphinx International Airport, with planned investments estimated at EGP 7 billion ($128.73 million). It comprises around 330 residential units, including villas and apartments, with delivery targeted for 2029. The master plan allocates approximately 18% of the site for buildings and 82% for green spaces and water features, in addition to a commercial center, restaurants, cafes, medical and administrative services, and recreational facilities.

The company plans to invest EGP 9 billion ($165.51 million) in Q Bay, which covers 42 feddans in New Alamein with delivery scheduled for 2029. Meanwhile, Q North covers 100 feddans in Sidi Abdel Rahman and is being developed in five phases; the first phase has been sold and delivered, while the second and third phases are set for delivery in 2027. In Alexandria, Q San Stefano covers around 10,000 square meters and features 39 hotel rooms, with construction complete and fully operational.

What do these terms mean?

Land Bank: A collection of land parcels owned or controlled by a development company, planned for construction in phases.

Feddan: A unit of land area approximately equal to 4,200 square meters in Egypt.

Master Plan: A comprehensive design allocating land uses, roads, buildings, and open spaces within a project.