New Developer Projects in Obour: Mazaya Development and Al-Hokail Group
The Obour market is seeing activity from real estate developers, with new projects announced and others being prepared.
Mazaya Development’s project
Mazaya Development announced a new project in New Obour with investments of EGP 1.2 billion. The information available did not include further details such as the project’s area, unit types or prices.
Al-Hokail prepares four projects
Separately, Al-Hokail Group has put Ahmed Saeed in charge of its commercial sector as it prepares to launch four projects in Obour. The names and launch dates of the projects were not given in the available information.
What it means for buyers and owners
New companies and projects entering the Obour market point to a growing supply of property in the city. Interested buyers should wait for official announcements from the developers to see project details, and compare offers and verify the developer’s and project’s legal status before signing any contract.