Serac

About

Serac Developments is a relatively young Egyptian real estate company founded in 2022, emerging from a partnership between Egyptian businessman Tarek Soliman, whose background spans the jewelry and diamond industry, and Emirati investors. The company has quickly established a portfolio of projects in strategic locations, including the North Coast (Sidi Abdel Rahman) and New Cairo. Their North Coast developments—Shamasi, Alura, and Stella Heights—emphasize coastal living with a focus on natural surroundings, low building density, and a variety of unit types from chalets to villas. In New Cairo, their City Hall series targets commercial and administrative needs. The company has partnered with firms like Soroh for Construction to execute Shamasi, signaling an investment in delivery quality. For buyers, Serac represents a new entrant with a concentrated track record; the brand carries the founder's reputation from other industries, but its real estate delivery history is still being written, making project-specific due diligence important.

Projects

• ShamasiSidi Abdel RahmanHomes around 11.35M EGP10% down, 9 yearsDelivery Oct 2030
• AluraSidi Abdel RahmanHomes around 12.83M EGP10% down, 7 yearsDelivery Aug 2028
• City Hall StripNew Administrative CapitalCommercial units around 11.31M EGP10% down, 6 yearsDelivery Aug 2029
• City HallNew CairoCommercial units around 55.68M EGPDelivery Aug 2028