Cornerstone Development

About Cornerstone Development

Cornerstone Development is a privately-owned Egyptian real estate company founded in 2008. The company is distinguished by leadership that combines deep family experience in the real estate industry extending more than 30 years.

The company is led by Eng. Ashraf Boulos as Co-Founder and acting CEO. He descends from a long line of industry connoisseurs — his father was among Egypt's most prominent industry figures in the '70s and '80s.

Ashraf expanded the family business by developing new notable towers and office buildings across Greater Cairo and Alexandria.

Alongside him, Eng. Mourad Shenouda serves as Chief Operating Officer (COO). The company partners with reputable local consultants and design firms, leveraging a strong professional network across the sector.

Cornerstone Track Record

Since its founding in 2008, Cornerstone has developed a portfolio of premium projects in Greater Cairo. The company has signed an agreement with MIDAR to develop 60 acres in the third phase of Mostakbal City, reflecting a clear expansion strategy.

The company's flagship project is The Curve in the New Administrative Capital, spanning 100,000 square meters with 540 premium units including apartments, duplexes, and penthouses across 15 mid-rise buildings, featuring distinctive design and broad green spaces.

Areas Where Cornerstone Operates in Egypt

Cornerstone projects span two primary regions: the New Administrative Capital, and Mostakbal City. Both regions are emerging new cities in East Cairo.

You can browse New Administrative Capital compounds for The Curve project, plus Mostakbal City compounds for the Red project.

Cornerstone Project Portfolio

The Cornerstone portfolio includes 2 projects available through CompoundGate, both in the emerging new cities of East Cairo.

In the New Administrative Capital, the portfolio includes The Curve New Administrative Capital on 100,000 square meters. The project includes 540 premium units across apartments, duplexes, and penthouses in 15 buildings, with design focused on spacious layouts, smart features, and green spaces.

In Mostakbal City, the portfolio includes Red Mostakbal City, a luxury residential community of villas, townhouses, and duplexes surrounded by expansive landscapes. The design focuses on a low construction footprint to maximize open and green areas.

Why Buy from Cornerstone

The most distinctive advantage of Cornerstone is its family heritage in the real estate industry. The Boulos family is among the most veteran names in Egyptian real estate since the 1970s, and this heritage transfers multi-generational expertise to the current company.

The second advantage is the focus on premium projects. Both company projects target high-purchasing-power segments with distinctive design and execution specifications, rather than quantitative expansion into mid-tier projects.

The third is the strategic partnerships. The partnership with MIDAR to develop 60 acres in Mostakbal City reflects Cornerstone's ability to form partnerships with major development bodies, opening broad growth horizons.

Frequently Asked Questions about Cornerstone Development

When was Cornerstone Development founded?
Cornerstone Development was founded in 2008, although the family leadership heritage in the real estate industry extends back to the 1970s.

Is Cornerstone a trusted developer to invest with?
Yes. The company has been operating since 2008 under Eng. Ashraf Boulos with 30+ years of experience. The partnership with MIDAR to develop 60 acres reflects the company's standing in the sector.

Where are Cornerstone projects located in Egypt?
In the New Administrative Capital (The Curve on 100,000 sqm) and Mostakbal City (Red) — totaling 2 active projects.

What are Cornerstone Development's flagship projects?
The Curve in the New Administrative Capital on 100,000 sqm with 540 units, and Red in Mostakbal City with premium villas and townhouses.

What distinguishes Cornerstone from other developers?
Family heritage in the real estate industry since the 1970s, focus on premium projects rather than quantitative expansion, and strategic partnerships with major developers.