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Tharaa Developments is an Egyptian real estate developer founded in 2019 as a joint-stock company with paid-up capital of 1 billion Egyptian pounds. The company is best known today for its flagship Glee village on the North Coast, anchored by a Hilton Garden Inn partnership.
The Arabic-language brand reads as "Tharaa" — the word means "richness" or "wealth" in Arabic. This pillar page covers the developer's leadership, portfolio, areas of operation, and what buyers should know before signing a multi-year installment plan.
Tharaa Developments was incorporated in 2019 as an Egyptian joint-stock company with paid-up capital of one billion EGP. The company is chaired by Islam Hashem, who has also led Contact Construction in Egypt since 2005, lending operational continuity to the new real estate brand.
The board is reinforced by Dr. Sherif Badr, a board member with more than 36 years of experience in Egyptian construction and project management. The company's primary sector focus is upscale residential and tourist communities along the North Coast and inside Greater Cairo.
As a directly branded developer, Tharaa is still young, but its leadership team operates with the construction heritage of Contact Construction, which has been active in Egypt since 2005 and supports the on-site execution of Tharaa's projects.
The current announced portfolio centers on a single under-construction coastal village on the North Coast — Glee — plus two smaller residential projects in New Cairo's Fifth Settlement that have not yet been added to the CompoundGate database pending full source verification.
Because there is no prior handover record under the Tharaa brand itself, buyers should base their assessment on a physical visit to the Glee site at kilometer 58 and a check on current on-site construction progress before committing to a long installment plan.
The area where Tharaa Developments currently has a live, marketed project is the North Coast, specifically at kilometer 58 of the Alexandria-Marsa Matrouh coastal road, between New Alamein, Marina, and Sidi Abdel Rahman.
The company also maintains planning activity in New Cairo through two mid-scale residential projects inside the Fifth Settlement that have been publicly announced but are not yet active in the CompoundGate compound database.
The flagship project available for inspection is Glee North Coast, a 50-feddan coastal village with a direct 370-meter Mediterranean seafront in the Sidi Abdel Rahman zone, close to New Alamein and Marina on the Egyptian North Coast.
Glee offers unit sizes ranging from 50 sqm to 254 sqm across studios, chalets, duplexes, and twin houses. The defining feature is a documented partnership with Hilton to operate a Hilton Garden Inn hotel inside the village, with capacity for 200 rooms, alongside an aqua park, lagoon, sports facilities, and a commercial mall.
Two additional projects are publicly announced in New Cairo's Fifth Settlement — Wujood Residence on 4 feddans behind Hyde Park, and Wuud Residence on 5 feddans near the Southern Ninety road — but these remain outside the platform database for now.
For a wider comparison of coastal villages across developers, browse the North Coast villages page for price, size, and payment-plan benchmarks.
The headline argument for Tharaa is the direct Hilton partnership for operating a Hilton Garden Inn hotel inside Glee. An on-site international hotel operator lifts resale value and opens a professionally managed seasonal-rental route, which a stand-alone village typically lacks.
The second argument is resource concentration: a single coastal project means the developer is less exposed to the cross-financing risk that delays delivery for multi-project developers in the Egyptian market. All capital and management bandwidth currently sit on one site.
On the cautious side, the company is young as a directly branded developer and has no prior handover history under the Tharaa name. A site visit to verify current construction progress at kilometer 58 is strongly recommended before signing a multi-year installment contract.
Is Tharaa Developments a trusted developer?
The company was incorporated in 2019 as an Egyptian joint-stock entity with paid-up capital of 1 billion EGP, and the leadership team has led Contact Construction since 2005. There is no prior handover record under the Tharaa brand itself, so a physical site visit to Glee is recommended before signing.
What are Tharaa's projects?
The flagship is Glee North Coast at kilometer 58, alongside two announced Fifth Settlement projects — Wujood Residence and Wuud Residence — that are not yet active in the CompoundGate database.
Where is Tharaa Developments headquartered?
The company runs two offices in Greater Cairo: a Maadi office on the Nile Corniche inside Zahret El Maadi Tower, and a New Cairo office inside Cairo Business Park in the Fifth Settlement.
Does Tharaa offer installment plans?
Yes. Glee North Coast is sold with a 10% down payment and installment terms up to 8 years. Current pricing and full payment schedule are listed on the Glee North Coast page.
What makes Tharaa different from other developers?
The differentiator is the direct Hilton hotel-operating partnership inside Glee at 200 rooms, combined with a single-project focus on the North Coast rather than a multi-compound portfolio split across several areas.
To compare Tharaa with other developers active in the Egyptian market, visit all real estate developers in Egypt.
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