RG Developments Set to Launch New Residential Compound in New Obour City as Part of Expansion Strategy

RG Developments Set to Launch New Residential Compound in New Obour City as Part of Expansion Strategy

RG Developments is gearing up to unveil a new fully integrated residential compound in one of the most sought-after locations in New Obour City. Strategically positioned and offering a variety of unit sizes, competitive pricing, and flexible payment plans, the project is expected to be officially announced soon

The new development forms part of RG Developments’ broader strategy to double its investment portfolio, leveraging its strong track record and diversified land bank both within and outside New Obour City

Refaat ElDabaa, Chairman of RG Developments, noted that since its founding in 2016, the company has emerged as a key player in the real estate market of Obour City. He emphasized the extensive expertise of the company’s founding team, which has guided its steady expansion. The company began its journey by developing individual residential projects in the Beit Al Watan areas of New Obour

ElDabaa highlighted that RG Developments’ projects are known for their premium locations, which continue to attract growing demand from buyers seeking upscale, well-planned housing communities. These projects are located in areas with strong accessibility and high potential for capital appreciation, offering customers strong investment returns

He also revealed a strategic partnership with Memaar Elnazaer, a veteran real estate developer with an extensive portfolio in Mokattam. This collaboration is expected to pave the way for high-impact developments in New Obour, as part of RG Developments’ ambitious growth and investment plans

Among the company’s prominent projects is Maalem Mall, located in the heart of New Obour City and ready for immediate occupancy. Surrounded by major residential hubs like Sakan Misr, Social Housing, and Beit Al Watan, the mall features commercial, administrative, and medical spaces—making it an attractive destination for both investors and business owners

Additionally, RG Developments owns Mark Mall, a mixed-use project located on Al-Thaqafa Street. Known for its contemporary design and a wide range of unit options—including clinics, offices, and retail stores—the mall serves a broad customer base of residents and entrepreneurs

Engineer Mark Maher, CEO of RG Developments, announced the company’s newest project, Eden Plaza, situated on Abbas El Akkad Street in the Ninth District of Obour City. Serving more than 30,000 residential units in the surrounding area, the plaza offers commercial and administrative spaces ranging from 19 sqm to 125 sqm, providing an ideal investment opportunity for SMEs

Maher emphasized that the partnership with Memaar Elnazaer brings together complementary strengths to deliver high-quality projects in New Obour. He revealed that both companies are planning to launch several new developments across Greater Cairo, as part of an expansive growth strategy

Memaar Elnazaer boasts a proven track record, having delivered over 100 standalone projects—including 47 in Mokattam, 60 in Beni Suef, and 11 in Obour City. This diverse portfolio gives the company a unique understanding of customer needs across different markets and geographies