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Handover
Madaar Developments is one of Egypt's emerging real estate developers, founded in 2015 by Egyptian businessman Gasser Bahgat. In under a decade, the company has built a focused portfolio of five flagship projects across coastal resort destinations and West Cairo's premium residential zones.
Arabic version: شركة مدار للتطوير العقاري — مشاريع وكمبوندات.
Founded in 2015 and headquartered in Egypt, Madaar Developments operates in two main sectors: residential real estate and hospitality. The company is led by CEO Gasser Bahgat and runs a portfolio of five major projects spread across Greater Cairo, the North Coast, Ain Sokhna, and Sharm El Sheikh.
Madaar's operating model leans heavily on international partnerships for masterplanning, design, and construction. That approach is the reason a relatively young firm has been able to deliver mature, resort-grade projects at a scale that rivals legacy developers.
Madaar's first major launch — Azha Ain Sokhna, a 380-acre resort village on Km 34 of the Suez Road — became a market reference within a few years.
The project has generated over 7 billion EGP in cumulative sales and is being handed over in phases, an operational milestone that any 10-year installment buyer treats as proof of life.
Building on that success, the company expanded to Ras El Hekma on the North Coast with Azha North Coast, a 250-acre village at Km 214 with a planned 16 billion EGP investment.
In Greater Cairo, Madaar entered the residential compound segment with The Hillage in Sheikh Zayed (100 acres) and Kinz in New Zayed (200 acres), broadening from second-home coastal product into primary-residence West Cairo.
On the hospitality side, Madaar operates the Sunrise Hotels portfolio in Sharm El Sheikh in partnership with international design firms — an unusual diversification for an Egyptian real estate house of this size.
Madaar has active projects in four key areas. On the coast, the company operates in North Coast compounds through Azha Ras El Hekma and in Ain Sokhna compounds through Azha Ain Sokhna.
In Greater Cairo, the company is present in Sheikh Zayed (The Hillage) and New Zayed (Kinz). The hospitality arm extends operations to Sharm El Sheikh in South Sinai.
The geographic strategy is deliberate: anchor in two high-growth coastal resort markets, then layer in West Cairo residential exposure to balance the seasonality of second-home demand.
Azha North Coast (Ras El Hekma): Madaar's headline coastal project — 250 acres at Km 214, chalets from 23.79M EGP, 5% down payment and up to 8-year installments. The project is actively selling via an Expression of Interest system. Full details on the Azha North Coast compound page.
Azha Ain Sokhna: The original "Azha" brand village on 380 acres at Km 34 Suez Road, with starting prices from 7M EGP. The project is in multi-phase handover and has crossed 7 billion EGP in cumulative sales. See the Azha Ain Sokhna compound page.
The Hillage (Sheikh Zayed): A 100-acre West Cairo compound offering apartments and villas from 85 to 226 sqm, starting at 7.7M EGP. Kinz (New Zayed): A 200-acre development with apartments and villas from 120 to 450 sqm, priced between 9M and 77M EGP.
Sunrise Hotels (Sharm El Sheikh): Madaar's hospitality arm, operated in partnership with international design firms, blends second-home ownership models with hotel-grade operations.
The decisive question for any buyer signing a multi-year installment plan is delivery risk. For Madaar, the real-world signal is Azha Ain Sokhna — a project that has been handing over phases for several years and has crossed 7 billion EGP in sales. That is operational evidence, not marketing language.
The second advantage is land selection. Madaar consistently buys plots in zones with long-term capital appreciation: Km 34 Sokhna, Km 214 Ras El Hekma, and core Zayed.
Those are areas where state infrastructure — the new Ras El Hekma airport, the Sokhna desalination plant, the Zayed road grid — is actively being upgraded.
The third advantage is design and construction quality, delivered through international partnerships. For a buyer comparing Madaar to legacy giants, the trade-off is clear: a younger developer with a shorter brand history, but a track record of actual handovers and projects in genuinely scarce coastal locations.
Is Madaar Developments a trusted developer?
Yes. Madaar is a licensed Egyptian developer founded in 2015 and led by CEO Gasser Bahgat. It has a verified handover track record at Azha Ain Sokhna with over 7 billion EGP in cumulative sales and a portfolio of five major projects.
Where are Madaar's projects located?
Madaar's projects are concentrated in the North Coast (Azha Ras El Hekma), Ain Sokhna (Azha Sokhna), Sheikh Zayed and New Zayed (The Hillage and Kinz), and Sharm El Sheikh (Sunrise Hotels).
Does Madaar offer installment plans?
Yes. Madaar offers flexible payment plans starting from a 5% down payment with up to 8-year installments at Azha North Coast, with similar structures across its other projects.
What is Madaar's largest project?
Azha Ain Sokhna is the largest by land size (380 acres) and by cumulative sales (over 7 billion EGP), followed by Azha North Coast at 250 acres and Kinz at 200 acres.
What makes Madaar different from other developers?
Madaar combines international design and construction partnerships, a deliberate focus on high-value coastal land, and a real handover track record despite being a relatively young firm — a profile that differentiates it from both legacy giants and brand-new launches.
To explore other Egyptian real estate developers, visit the all real estate developers in Egypt directory or browse projects in the North Coast and Ain Sokhna.
