Arab Finance: Real estate developer Madinet Masr recorded EGP 27.2 billion in new sales during the first half (H1) of 2026, up 16.5% year on year (YoY), as both unit sales and deliveries increased across its portfolio, as per an emailed press release.

The firm sold more than 2,900 units during the six months, representing an increase of over 71% from H1 2025.

Deliveries more than doubled to 1,200 units from 521 a year earlier, marking a 130% increase as the company proceeded with its scheduled handovers.

Madinet Masr attributed demand during the period to its portfolio of developments, which includes Taj City, Sarai, The Butterfly in Mostakbal City, and Talala in New Heliopolis.

The results come as the company continues to expand its land portfolio and broaden its mix of residential, commercial, and mixed-use developments in strategic locations.

Commenting on the results, Abdallah Sallam, President and CEO of Madinet Masr, said: “The increase reflects our clients’ continued trust, our team’s dedication, and Madinet Masr’s strong growth momentum. These results mark another key milestone in our growth journey and reinforce our leading position in the Egyptian real estate market.”

He added: “We remain focused on expanding our land portfolio, diversifying our projects, and developing innovative real estate solutions that meet and exceed our customers’ aspirations. Building on more than 67 years of legacy, we continue to uphold the highest standards of quality, efficiency, and execution across our developments.”

Alongside its housing portfolio, Madinet Masr introduced Day 2 Night during the period. The project is the first fully integrated commercial complex within Sarai and is designed to bring smart business infrastructure to the New Cairo development.

With a legacy dating back to 1959, Madinet Masr is one of Egypt’s leading urban development companies. The company is a key player in the real estate market, as shown by its pivotal role in shaping the urban landscape of Cairo and beyond.