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Founded 2026
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Off-Plan
VIE Communities is an Egyptian-Emirati joint venture officially launched in May 2026, with combined investments exceeding 150 billion EGP and a mixed-use portfolio centered in New Cairo.
VIE is not a single-founder developer. It is a strategic alliance between three principal shareholders: Future of Egypt for Investment and Development, Glamour Jewellery (Egypt), and Damas Real Estate (UAE). The Arabic version of this page is available at شركة VIE للتطوير العقاري.
VIE Communities is chaired by Tamer Abdel Shafi, with Tarek Soliman serving as Vice Chairman, and Dr. Haitham Samir holding the dual role of CEO and Board Member.
The board also includes Tawhid Abdullah, Saeed Ghanem Al Suwaidi, and Tamer Nabil, combining Egyptian and Emirati expertise across real estate and industrial sectors.
VIE Communities is a newly incorporated entity (2026) and has no completed unit-delivery record under its own brand. Buyers should factor this into risk assessment when evaluating off-plan purchases.
The cumulative experience of the founding shareholders, however, spans decades in both the UAE (Damas Real Estate) and the Egyptian market (Future of Egypt for Investment), extending the resource pool available to the new platform.
The company's public announcements set total target sales above 200 billion EGP across announced projects — an ambitious figure that reflects the scale of capital committed by the partners.
VIE Communities' current portfolio is entirely focused on New Cairo along the Middle Ring Road, plus an announced expansion into the Eastern Zomra area through additional partnerships.
This geographic focus positions VIE as a New Cairo specialist in its early phases, rather than spreading thin across multiple unrelated markets.
The flagship project is Vie Collective Compound in New Cairo, sited on a 186-feddan plot along the Middle Ring Road, with announced investments exceeding 100 billion EGP and a target sales figure above 200 billion EGP.
Vie Collective combines villas, townhouses, twin houses, duplexes, and apartments with commercial, administrative, and hospitality components in a single mixed-use master plan. Prices start at 3,575,000 EGP with a 5% down payment and installments up to 10 years, with delivery scheduled for 2029.
The second announced project, Vie Halo, sits in Eastern Zomra with investments exceeding 50 billion EGP — a commercial, administrative, medical, and hospitality mixed-use development in partnership with Nations of the Sky.
The defining argument for VIE is the multi-party shareholder structure: three principal founders backing the platform with combined capital above 150 billion EGP. That meaningfully reduces the operational risk typically attached to a brand-new developer.
The Emirati component, represented by Damas Real Estate, opens the door to importing execution and architectural know-how from a mature Gulf market into the project framework.
As a company that has not yet delivered operational units, our recommendation for buyers is to monitor the published 2029 delivery date, track permits and on-site construction status, and treat the project as a pre-launch position until physical milestones are met.
Is VIE Communities a trusted developer?
VIE is an Egyptian-Emirati joint venture incorporated in 2026 between Future of Egypt for Investment, Glamour Jewellery, and Damas Real Estate. The platform is new, but the founding shareholders have decades of experience in both markets.
What is VIE Communities' delivery record?
Vie Collective in New Cairo is scheduled for delivery in 2029, the first announced delivery date in the company's current portfolio.
Does VIE Communities offer installment plans?
Yes. Vie Collective is offered with a 5% down payment and installments up to 10 years, in line with competitive payment structures inside New Cairo.
Where are VIE Communities' projects located?
Current VIE projects are split between New Cairo (Vie Collective on the Middle Ring Road) and Eastern Zomra (Vie Halo).
What makes VIE Communities different from other developers?
A three-way Egyptian-Emirati shareholder structure backing the platform with over 150 billion EGP in combined capital, paired with a fully mixed-use project model that integrates residential, commercial, administrative, and hospitality components.
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