Madinet Masr Development (MMHD)

Madinet Masr Housing and Development (formerly Madinet Nasr Housing and Development, MNHD) is one of Egypt's oldest real estate developers — founded in 1959 and listed on the Egyptian Exchange under the ticker MNHD.CA since 1996.

Led by CEO Eng. Abdalla Sallam since 2021, the company is one of the largest developers operating in east Cairo through Taj City and its phases. النسخة العربية · English version.

About Madinet Masr (MMHD)

Founded in 1959 and listed on the Egyptian Exchange since 1996 under MNHD.CA. Headquartered in Cairo, the company recently rebranded from MNHD to MMHD to reflect its expansion beyond Nasr City.

Track Record

66 years of real estate activity plus a stock exchange listing make MMHD one of Egypt's most trusted developers. The company is behind Cavana Lakes Sarai in New Cairo, inside the broader Sarai master plan covering 5.5 million square metres.

Esse Residence is the additional launch inside New Cairo, an upscale residential product targeting the upper segment. The company also develops Taj City and its phases (Origami Golf, Tag Sultan, Origami, Taj Ville).

Areas Served

MMHD's portfolio focuses on New Cairo compounds (Cavana Lakes Sarai, Esse, plus Sarai, Taj City and their phases).

MMHD Project Portfolio in Egypt

Cavana Lakes Sarai is the launch inside Sarai — one of the largest east Cairo projects — with residential units overlooking internal artificial lakes.

Esse Residence targets the luxury segment in New Cairo, a low-density residential product with a high finish standard.

Why Buy from MMHD

First, the stock exchange listing (MNHD.CA). Any company listed since 1996 is subject to quarterly disclosure and compliance rules, making operational risk meaningfully lower than at private companies.

Second, operating age (66 years since 1959), among the longest in Egyptian real estate development, reflecting the company's ability to navigate several economic cycles.

Third, portfolio scale: Sarai alone covers 5.5 million square metres, alongside Taj City and its phases. Few developers in the Egyptian market offer that scale.

MMHD FAQ

When was Madinet Masr founded and who runs it? Founded in 1959, led by CEO Eng. Abdalla Sallam since 2021, listed on the Egyptian Exchange since 1996.

What are MMHD's main projects in Egypt? Sarai (5.5 million sqm), Cavana Lakes Sarai, Esse Residence, Taj City and its phases (Origami Golf, Tag Sultan, Origami, Taj Ville) — all in New Cairo.

Is MMHD a publicly listed company? Yes. Listed since 1996 under MNHD.CA on the Egyptian Exchange.

Does MMHD offer installment plans? Yes. Its projects come with payment plans of up to 10 years and down payments starting at 5 to 10 percent. Terms vary by phase.