SODIC Developments

About SODIC Developments

SODIC Developments is one of Egypt's most established publicly listed real estate developers, trading on the Egyptian Exchange (EGX) under the ticker OCDI.CA since founding. The company's full legal name is Sixth of October for Development and Investment, and it was founded in 1996 by Egyptian businessman Magdy Rasekh.

In 2021, a consortium of Aldar Properties from Abu Dhabi and Egypt's ADQ sovereign holding acquired an 85.5% stake in SODIC.

This transaction opened a new chapter for SODIC, bringing in regional capital depth and Aldar's hands-on expertise in master-planning large integrated communities.

The company is currently led by Talal Al Dhiyebi as Chairman of the Board (also CEO of Aldar Properties), alongside Magdy M. El Dahan as CEO running Egyptian operations.

SODIC Track Record

SODIC holds a land bank of approximately 16 million square meters across Egypt's most strategic urban geographies, deployed through some of the country's largest residential compounds. Its market capitalization stands above EGP 5.5 billion per recent EGX disclosures.

The company began its journey in West Cairo before expanding eastward and then north toward the coast. This deliberate, sequential geographic strategy has built strong operational reputation in each region rather than diluting focus across too many simultaneous markets.

Signature delivered projects include Allegria, which redefined premium gated living in Sheikh Zayed, Beverly Hills as one of West Cairo's earliest gated communities, and the master-planned SODIC East spanning 665 acres in New Cairo.

Areas Where SODIC Operates in Egypt

SODIC distributes its projects across four primary regions in Egypt: West Cairo (Sheikh Zayed and New Zayed), East Cairo (New Cairo), the North Coast, and 6th of October. The company concentrates on high-demand corridors with mature infrastructure, which preserves long-term investment value.

You can browse Sheikh Zayed compounds to see SODIC's largest cluster of projects, where the developer has been operating since founding. Premium projects are also available in New Cairo compounds within the growing East Cairo corridor.

On the North Coast, SODIC delivers premium coastal villages in North Coast compounds. The company also maintains a foundational project in 6th of October compounds through October Plaza, which connects it to its historical roots in West Cairo development.

SODIC Project Portfolio

The SODIC portfolio includes 25 active residential and commercial projects available through CompoundGate. The mix spans standalone villas, premium apartments, administrative units, and retail components — giving buyers a wide range of options under one quality umbrella.

In Sheikh Zayed and New Zayed, SODIC's historical stronghold, the portfolio includes Beverly Hills Sheikh Zayed, Allegria Residence, Forty West, The Estates Residence, and Karmell New Zayed.

Sheikh Zayed also hosts Westown Hub, Westown Residences, Westown Courtyards, VYE SODIC, Casa, V Residences, and Six West.

In New Cairo, major projects include Villette New Cairo, the master-planned SODIC East, plus Eastown Residence, Eastown District, East Vale, and Sky Condos.

On the North Coast, SODIC runs the celebrated Caesar series including Caesar North Coast and Caesar Bay, alongside the June and Ogami coastal villages. In 6th of October, the company runs October Plaza.

Why Buy from SODIC Developments

Continuous EGX listing under the ticker OCDI.CA since 1996 is one of the strongest available proxies for transparency. SODIC publishes audited quarterly financials reviewed by independent auditors — a level of corporate governance that few Egyptian real estate developers operate under.

The 2021 acquisition by Aldar Properties raised SODIC's financial and operational backing significantly. Aldar is the UAE's largest real estate developer and the master-planner behind Yas Island and Reem Island in Abu Dhabi, and that operating expertise is now influencing SODIC's design and execution standards on newer launches.

The operating record since 1996 includes the delivery of major projects such as Allegria, Beverly Hills, and Westown that have retained market value years after handover. For a buyer balancing safety and long-term value, SODIC stands as a logical choice in the Egyptian compound market.

Frequently Asked Questions about SODIC Developments

When was SODIC Developments founded?
SODIC was founded in 1996 in Egypt under the legal name "Sixth of October for Development and Investment" and has been operating in the Egyptian real estate market for nearly three decades.

Is SODIC a trusted developer to invest with?
Yes. SODIC has been listed on the Egyptian Exchange under the ticker OCDI.CA since founding, and Aldar Properties from Abu Dhabi has held the majority stake since 2021, adding regional institutional backing.

Where are SODIC projects located in Egypt?
SODIC projects are distributed across four primary regions: Sheikh Zayed and New Zayed (the original heartland), New Cairo, the North Coast, and 6th of October — totaling 25 active projects.

What are SODIC's flagship projects?
SODIC's flagship projects include the 665-acre SODIC East in New Cairo, Allegria in Sheikh Zayed, Beverly Hills, The Estates, Villette, Forty West, plus the Caesar series on the North Coast.

Does SODIC offer flexible installment plans?
Yes. SODIC offers multi-year installment plans on most projects, with down payments varying by project and unit type. Contact us for the latest installment terms on any specific project.