Emerald Developments
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Emerald Developments is a strategic joint venture between Al Orouba Egypt for Real Estate Investment and Kayan Construction, which launched its first project inside Egypt's New Administrative Capital.
The Arabic version of this page is at شركة إميرالد للتطوير العقاري — مول ستون كابيتال for Arabic-speaking readers.
Company Overview
Emerald is not a single-founder company. It is a strategic joint venture between two entities: Al Orouba Egypt for Real Estate Investment, and Kayan Construction, a contractor with extensive experience executing projects to international standards. The structure provides investors execution depth alongside development capital.
Track Record & Partners
Emerald states that its founding entities have collectively delivered more than 500 residential projects in prime locations prior to the formation of the unified Emerald brand. Mall operations and tenant management for the flagship project run in cooperation with MRB, a specialised mall management firm.
Areas Served
Emerald's current operations are concentrated inside the New Administrative Capital, specifically in the MU23 zone on Al-Amal Axis, plot F10 — a mixed-use commercial, administrative, and medical area.
Project Portfolio
The first project is Stone Capital Mall inside the New Administrative Capital, carrying total investments of EGP 3 billion, sitting on a 6,600 sqm plot, and offering a mix of commercial, administrative, and medical units.
Unit prices at Stone Capital start from EGP 1,425,000, with unit sizes starting from 19 sqm. The payment plan offers a 15% down payment with installments up to 7 years, and the project is scheduled for delivery in 2026.
Why Buy from Emerald Developments
A commercial investor in the New Capital needs three things from a developer: execution quality, an operations partner capable of running the mall efficiently, and a location inside a populated catchment. Emerald delivers all three: Kayan + Al Orouba JV, MRB management partnership, and the MU23 mixed-use zone.
The principal caveat is that Emerald is a new unified brand, even though its founding entities have track records. There is not yet a documented delivery record under the Emerald name itself — investors should review the construction license of the specific phase before booking.
FAQ — Emerald Developments
Is Emerald Developments a trusted developer?
Emerald's founding entities (Al Orouba + Kayan Construction) have, per the company, collectively delivered more than 500 residential projects. Mall operations for the first project are handled in partnership with MRB, a specialised mall management company.
What is Emerald's investment scale?
The flagship Stone Capital Mall carries declared investments of EGP 3 billion, covering commercial, administrative, and medical units across a 6,600 sqm plot.
Where are Emerald's projects located?
Projects sit inside the New Administrative Capital, specifically the MU23 mixed-use zone on Al-Amal Axis, plot F10.
What payment plans are available on Emerald's projects?
The payment plan starts with a 15% down payment and installments up to 7 years on the balance, with units starting from EGP 1,425,000 and 19 sqm.
To browse every developer in the Egyptian market, visit our directory of all real estate developers in Egypt.