Rayn Developments

Rayn Developments is one of the fastest-growing developers operating exclusively inside Egypt's New Administrative Capital. The company focuses on commercial, administrative, and medical projects, and is headquartered in Building 109, First Sector, New Cairo.

The Arabic version of this page is available at شركة راين للتطوير العقاري — المشاريع والمولات for Arabic-speaking readers.

Rayn is not a single-founder company. It is a strategic alliance (joint venture) between two established Egyptian entities, which differentiates its operating model from most new developers in the New Capital market.

Company Overview

Rayn was formed as an alliance between Capital Real Estate Development, founded by Eng. Ehab Al-Obaidi in 2020, and HST Group, founded by Eng. Hisham Yahya in 1996.

The combined structure unites HST's three decades of construction and execution depth with Capital's modern real estate development arm, producing an operating model in which actual construction begins before units are released to market.

Chairman Eng. Ehab Al-Obaidi has publicly stated that the founding entities have delivered 27 projects across the Egyptian market to date, and that Rayn's total declared investment volume inside the New Administrative Capital sits at approximately EGP 10 billion.

Track Record

Rayn is classified as a First-Class developer and follows a strict operational policy: no project is offered for sale until physical construction is already underway on site.

This discipline has translated into pace of sales — the company reports that two of its previous New Capital projects sold out completely, with roughly 25% of buyers from those phases repeat-booking units in the latest releases.

The company owns a land bank of more than 27 plots inside the New Administrative Capital, concentrated in the R3 residential district and the Central Business District (CBD). Rayn's execution partners are Hafez Consultants (engineering consultant), Incommercial (operations and tenant management), and OYK (executive consultant).

Currently active flagship projects include Mall Veni New Capital, located in district R3 on a 4,100 sqm footprint, and Mall Vici, positioned in the same commercial corridor.

Areas Served

Rayn operates inside a single geographic area: the New Administrative Capital. This concentration is a deliberate competitive choice — the management team and on-ground execution staff carry deep familiarity with the NAC's sub-districts (R3, CBD, Downtown, Government District) rather than dividing attention across multiple Egyptian cities.

Within the NAC, the developer focuses on commercial, administrative, and medical buildings that serve the dense and rapidly populating R3 residential district — one of the first NAC districts to reach completion of resident handover.

Commercial Project Portfolio

Rayn's announced portfolio inside the New Administrative Capital exceeds 13 projects, including Mall Veni, Mall Vici, Mall Sign One, Mall Key One, Medora Medical Center, Majal Towers, Mall Blitz, Mall Litz, Mall Glitz, Mall Nabd, Capital Hub, Voco Mall, and Capital Square Mall.

The mix spans retail malls, office towers, and medical centers across districts R3 and the CBD.

Two of these projects are currently published on CompoundGate: Mall Veni in the New Administrative Capital with units starting from EGP 3,850,000, and Mall Vici, which targets the same commercial-investor profile inside R3.

Most Rayn units are sold under interest-free installment plans of up to 8.5 years, with launch discounts of up to 15% for early bookings.

Mandatory operating-lease contracts guarantee the investor a yield of up to 30% during the initial operating period. Standard delivery is 2.5 years from contract date.

Why Buy from Rayn Developments

A commercial investor inside the New Administrative Capital needs three things from a developer: construction that starts before sales begin, on-time delivery, and an operations partner capable of producing actual tenants after handover.

Rayn addresses all three through the Hafez + Incommercial + OYK consultant chain, the mandatory operating-lease model that locks in a return, and a tight geographic focus on R3 rather than scattering across multiple cities.

One of Rayn's previous projects — Capital Hub — was officially handed over six months ahead of its contracted delivery date, an unusually clean delivery record for a New Capital project. For an investor signing a 7- to 9-year installment plan, that documented record carries disproportionate weight.

The principal caveat is that Rayn itself is a relatively new unified brand, even though the founding entities have multi-decade individual track records. Investors should verify the construction license of the specific phase they book, and review the mandatory rental contract (if applicable) before paying the down payment.

FAQ — Rayn Developments

Is Rayn Developments a trusted developer?
Yes. Rayn is a First-Class developer formed through a joint venture between Capital Real Estate Development (Eng. Ehab Al-Obaidi, founded 2020) and HST Group (Eng. Hisham Yahya, founded 1996).

Capital Hub, one of their delivered projects, was handed over six months ahead of contracted delivery — the most documented data point for the developer's on-time performance.

What are Rayn's main projects in the New Administrative Capital?
The flagship live projects are Mall Veni and Mall Vici in district R3, alongside roughly 11 other announced commercial, administrative, and medical projects inside the New Capital.

Does Rayn offer installment plans on commercial units?
Yes. Rayn offers payment plans starting from a 5% to 10% down payment, with installment periods stretching up to 8.5 years interest-free on most projects, plus launch discounts of up to 15% for early bookings.

Where are Rayn's projects located?
All of Rayn's projects sit inside the New Administrative Capital, with primary concentration in district R3 and the Central Business District (CBD). The corporate office is in Building 109, First Sector, New Cairo.

What makes Rayn different from other New Capital developers?
Three factors: the joint-venture structure pairing Capital with HST, the mandatory rental-contract model that secures returns of up to 30% in year one, and the policy of starting physical construction before units are released to market.

To browse every developer operating in the Egyptian real estate market, visit our directory of all real estate developers in Egypt.