Al Ashraaf Developments

About

Al Ashraaf Developments (Memaar Al Ashraaf) has been active in Egypt’s real estate market since 1980, building a track record across residential, commercial, and mixed-use projects in New Cairo, Obour City, and other new urban communities. The company is led by the Masoud family and has completed over 280 projects, including commercial destinations like The Core Mall in the Fifth Settlement and Quest City Obour, a large integrated commercial, administrative, and medical city. The developer has also developed residential compounds such as Hope New Cairo and Hexa in New Cairo, and Reveal and Serenity in Obour. Beyond development, the company has diversified into energy and industrial ventures, including power stations and a factory. Al Ashraaf’s reputation is built on decades of market presence, a broad project portfolio, and a stated commitment to execution quality and delivery timelines, making it a known entity for buyers evaluating established developers in Greater Cairo’s new cities.

Projects

• HopeFifth Settlement, New CairoApartments around 10.4M EGP5% down, 10 yearsDelivery Oct 2030
• RevealObour CityApartments around 6.1M EGP30% down, 6 yearsDelivery Oct 2029
• SerenityObour CityApartments around 6M EGP30% down, 5 yearsDelivery Oct 2029

Other projects

Quest Towers