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Grand Plaza Developments is an Egyptian real estate developer focused on mid-scale residential compounds and retail malls in eastern Cairo. The company is best known for its repeating brand La Mirada, deployed across multiple plots in New Cairo and Mostakbal City.
Grand Plaza is not one of Egypt's mega-developers by compound count. Instead, the firm concentrates on a single brand family executed in more than one location, with a parallel commercial asset (La Mirada Plaza Mall) anchoring the New Cairo portfolio.
This short page summarises what a buyer should know before signing with Grand Plaza: company profile, track record, areas of operation, current portfolio, and frequently asked questions. Deeper unit-level detail lives on the La Mirada New Cairo compound page.
Grand Plaza was founded by Egyptian businessman Engineer Sherif Farid Othman, and operates under the trading name Grand Plaza for Real Estate and Touristic Development. The founder previously ran an industrial group with factories in Obour City before expanding into direct real estate development.
The company's primary sector is residential housing — apartments, duplexes, penthouses and townhouses — alongside commercial malls and a hospitality asset under the same brand.
The head office is located on Dr. Ahmed Okasha Street, First Settlement, New Cairo — within direct reach of the developer's flagship La Mirada project in the Fifth Settlement.
Grand Plaza's portfolio is anchored on the La Mirada family of projects. The brand has been deployed across more than one site: La Mirada Fifth Settlement, La Mirada New Cairo, and La Mirada Mostakbal City, plus the retail asset La Mirada Plaza Mall in New Cairo.
The flagship development listed on CompoundGate, La Mirada, sits inside New Cairo. The sister project La Mirada Mostakbal City spans roughly 77 feddans in the heart of Mostakbal City, minutes from Madinaty and the New Administrative Capital.
Its built-up footprint is capped near 40%, with the remainder allocated to greenery, landscaped gardens, and artificial lakes — a low-density layout typical for Mostakbal's master plan.
On the commercial side, Grand Plaza also owns Grand Plaza Hotel and has finishing-contracting credentials from earlier projects. The repetition of a single brand across multiple locations gives buyers a comparable yardstick to judge build quality before committing on plan.
Grand Plaza is active in two adjacent submarkets in eastern Greater Cairo.
The first is New Cairo (Fifth Settlement), home to La Mirada New Cairo and La Mirada Plaza Mall. The location places the projects close to the new AUC campus and the principal axes — Mohammed Naguib Axis and Gamal Abdel Nasser Axis.
The second is Mostakbal City, home to La Mirada Mostakbal City, positioned directly opposite Madinaty and a short drive from the New Administrative Capital, the Middle Ring Road, and the Suez Road.
Grand Plaza's declared portfolio revolves around the La Mirada brand in two residential editions plus the retail mall. The principal projects on offer to end buyers today are:
1. La Mirada New Cairo — the company's flagship on roughly 91,658 m² inside the Fifth Settlement, with apartments, duplexes, and penthouses ranging from ~91 m² to 374 m² and greenery and water features covering more than 70% of the plot.
2. La Mirada Mostakbal City — the larger edition of the brand at around 77 feddans in Mostakbal City, with 25 residential buildings and 608 units, payment plans extending to 11 years, and entry-level down payments starting from 0% in some offers.
3. La Mirada Plaza Mall — the retail anchor inside New Cairo, serving the surrounding Fifth Settlement compound population.
Grand Plaza's edge is not scale — the company is far smaller than Palm Hills or Emaar Misr. Its edge is geographic focus: every project sits in eastern Greater Cairo within driving distance of every other.
That clustering means a prospective buyer can inspect existing units and the operational mall in person before committing to an off-plan purchase, instead of relying solely on marketing renders.
The second advantage is brand repetition. By deploying the same La Mirada signature across multiple sites, each project becomes a reference for the next in terms of finish standard and design language, reducing the risk profile for buyers who sign while the unit is still under construction.
The third advantage is flexible payment plans — up to eleven years with low or zero down payment in some offers — targeting middle-income families already living in Fifth Settlement, Madinaty, and Mostakbal City, rather than a luxury tier disconnected from real market demand.
Q: Who owns Grand Plaza Developments?
A: The founder is Egyptian businessman Engineer Sherif Farid Othman, who previously operated industrial factories in Obour City before moving into real estate development.
Q: What are Grand Plaza's main projects?
A: The current portfolio is built around the La Mirada brand — La Mirada New Cairo, La Mirada Mostakbal City, and La Mirada Plaza Mall — alongside Grand Plaza Hotel.
Q: Where is Grand Plaza's head office located?
A: The administrative head office is on Dr. Ahmed Okasha Street, First Settlement, New Cairo.
Q: Does Grand Plaza offer installment plans?
A: Yes. Payment plans on La Mirada projects extend up to eleven years with down payments starting from 0% in some offers. Specific terms vary by phase and should be verified against the current offer on the La Mirada compound page.
Q: Is Grand Plaza a trusted developer?
A: Grand Plaza is a mid-sized developer rather than a giant. The firm operates a repeating brand (La Mirada) across multiple sites, maintains a fixed head office in the First Settlement, and runs an operational retail asset (La Mirada Plaza Mall).
Buyers are advised to inspect the mall and any handed-over units in person before signing a reservation contract.
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