Hyde Park Developments: Leading the Way in Egyptian Real Estate Development with Exceptional Sales Growth in 2024

Hyde Park Developments has firmly established itself as a premier real estate developer in Egypt, achieving significant milestones in the sector over the past years. With a steadfast commitment to innovation and quality, the company has rapidly expanded its diverse investment portfolio, featuring an impressive array of residential and commercial projects in prime locations, including New Cairo, 6th of October City, and the North Coast, with a strategic focus on delivering exceptional residential units that cater to a wide range of customers seeking luxurious and contemporary homes.

 

In a testament to such remarkable progress, Hyde Park Developments has secured a position among the top 10 real estate developers in sales for the first half of 2024, according to a report issued by The Board Consulting Company. This ranking reflects the Company's outstanding performance, with a sales growth of 280% compared to the same period last year. The Company's total sales reached EGP 24.3 billion in H1 2024, with EGP 14.2 billion generated from its North Coast project, compared to sales of EGP 6.4 billion in H1 2023. This outstanding performance can be attributed to the company’s innovative flexible payment plans, enabling clients to acquire luxurious residential units with just a 5% down payment and installment options of up to eight years. These initiatives are central to Hyde Park Developments’ strategy of simplifying the purchasing process, empowering clients to secure their dream homes and long-term investment opportunities with ease.

 

“Our commitment to meeting our customers' needs drives us to provide innovative real estate solutions that align with their diverse aspirations,” stated Eng. Amin Serag, CEO of Hyde Park Developments. “By offering flexible payment plans, we empower our customers to make investment decisions that best suit their circumstances. Our priority is to deliver integrated residential and investment solutions that uphold the highest quality standards while providing exceptional value for money. Meanwhile, we understand that mutual trust with our clients is vital, which is why we dedicate ourselves to delivering our projects on time. Our vision is to create outstanding living environments that cater to our clients’ needs at every life stage while delivering high investment value for their current and future requirements.”

 

Hyde Park CEO, Eng. Amin Serag

 

In pursuing this vision, Hyde Park Developments is dedicated to offering the highest standards of quality in both design and construction, solidifying its position as a key player in Egypt’s real estate sector. The Company continuously seeks to offer innovative solutions that combine comfort and quality, focusing on enhancing the quality of life for residents through integrated infrastructure that includes recreational, educational, and commercial facilities. This commitment to excellence is evident in Hyde Park’s flagship projects, including Seashore in the North Coast and Hyde Park in New Cairo, along with Tawny and Garden Lakes in 6th of October City.

Seashore marks Hyde Park Developments’ inaugural project on the North Coast, representing a strategic expansion of its geographic footprint. Moreover, the development aligns with the government’s plans to develop the Northwest Coast and create new job opportunities, contributing to sustainable growth in the region. Seashore has witnessed tremendous success, significantly boosting the Company's sales in the first half of 2024. All project phases were sold out within hours of their launch, including the Shoreville phase, which recorded EGP 3 billion in sales in record time. This success underscores Hyde Park Developments’ leadership in delivering innovative real estate projects that meet the highest standards of quality and exceed customer expectations.

Another significant development, Hyde Park New Cairo, spans 6 million square meters and boasts an investment value of EGP 40 billion. Comprising eight different phases, this landmark project will feature around 20,000 residential units, complemented by commercial, service, and administrative spaces. The final phase of the project is expected to be delivered by 2030. With a range of villas and apartments of varying sizes, Hyde Park New Cairo offers a tailored solution for every client. Designed in collaboration with global urban planning firms, ensuring a fully integrated living experience.

 

In addition to these prominent developments, the Tawny project is strategically located in the heart of 6th of October City, adjacent to major roads such as the Mehwar, the Cairo-Alexandria Desert Road, and Wahat Road. It is also in close proximity to prestigious institutions like Jazeera Club and leading international schools including Lycée, Alsun, and Choueifat. The project is set to begin handovers in Q1 2025, offering a serene family-oriented lifestyle with modern designs that meet clients' aspirations.

 

Garden Lakes also stands out with its prime location in 6th of October City, close to prominent landmarks such as Jazeera Club, Mall of Egypt, Mall of Arabia, and Arkan Plaza. Covering 69 acres, the project was designed by Eklego International and features a selection of luxury apartments and duplexes, ensuring maximum privacy. The development includes spacious parking for each unit, a contemporary clubhouse, and three electronic gates providing the highest levels of security. The residential units boast stunning views of lush greenery and lakes, giving the project a unique charm. Garden Lakes achieved notable success with the sale of all units in the Lakeside phase within two hours, generating over EGP 2 billion in sales. The development offers a variety of residential units, including standalone villas, quad villas, and twin houses, all with exceptional garden and lake views.