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Palm Hills Developments, the Egyptian real estate company chaired by billionaire Yasseen Mansour, delivered a robust financial performance for the first nine months of 2025, with total sales soaring 40 percent year-on-year to over $3.8 billion.
The Cairo-based developer said its growth was driven by steady demand for well-planned residential communities and effective leadership. Despite broader economic challenges, the real estate market in Egypt has remained active, offering a bright spot for investors and homebuyers.
Expanding its footprint
The EGP182 billion ($3.83 billion) sales figure also surpasses Palm Hills’ full-year 2024 sales of EGP150 billion ($3.15 billion), marking another record for the Cairo-based developer.
Palm Hills has secured two new land parcels expected to underpin its next stage of growth. The first, a 315-feddan plot at the entrance to Egypt’s New Administrative Capital near New Cairo, is projected to generate about $3.3 billion in sales over the next eight years.
The second acquisition expands the company’s flagship Palm Hills New Cairo project by 97 feddans. The extension, due to launch before the end of 2025, is expected to contribute EGP29 billion in sales within three years. Both sites strengthen the firm’s position in high-demand areas and align with the government’s eastward urban expansion strategy.
Steady confidence in Egypt’s housing market
Yasseen Mansour, the Chairman of Palm Hills, said the company’s results reaffirm the brand’s reputation for reliability and its ability to meet rising housing demand.
“Palm Hills’ performance continues to reflect the strength of our brand and the confidence of our clients,” Mansour said. “Our focus remains on sustainable growth, quality delivery, and building communities that offer long-term value.”
He added that the company’s expansion into New Cairo and the New Administrative Capital reflects its confidence in Egypt’s economic fundamentals and demographic growth. “Egypt remains one of the most stable and attractive real estate markets in the region,” he said.
Building for the long term
With a 10.17 percent personal stake in the company, Mansour has overseen its evolution into one of Egypt’s most prominent real estate players, spanning residential, commercial, and resort developments. The recent disclosure from Palm Hills shows that it can keep costs down, meet delivery deadlines, and adapt to changing customer needs.
The developer's portfolio now includes properties in West Cairo, East Cairo, the North Coast, and Alexandria, making it one of the most well-known names in the Egyptian market. The company's most recent land deals show that it is still committed to growth based on steady performance, strong client relationships, and the building of new, livable communities that meet the needs of Egypt's growing urban population.
