Marakez

Marakez Development is one of the major real estate development companies in the Egyptian market. It was founded in 2015 as a key part of the Fawaz Al Hokair Group. 

The company has made a significant mark in Egypt by creating a variety of well-known residential, resort, and mixed-use projects. It smartly picks the locations of its projects. 

Marakez’s developments stretch from North Coast to New Cairo, showcasing its commitment to enhancing urban living across the country.

Marakez Egypt Facts

Recognizing the potential of the Egyptian economy, the Fawaz Al Hokair Group formed a new team of talented young Egyptian professionals in September 2015. This team was tasked with establishing the largest mixed-use development and management company in Egypt. 

As a result, Marakez Development was created, with a mission to become the first-choice mixed-use developer in Egypt and the region. This initiative reflects the Group's commitment to contributing positively to Egypt's growth and development.

Its vision is also to envision, build, and manage mixed-use developments that are the heart and soul of the communities they serve. It's worth noting some key figures that highlight the success of Marakez Developments:

• Experience: The company has over 9 years of experience in the Egyptian real estate sector

• Land Area: The total land area of its projects exceeds 4 million square meters, showcasing its extensive footprint in mixed-use development

These figures underline the significant impact of Marakez Real Estate Developments Egypt on the Egyptian real estate market and its dedication to creating vibrant communities.

Marakez Development History 

Marakez has built a remarkable history in the real estate sector, marked by significant milestones: 

• Foundation: Marakez was established as part of the Fawaz Al Hokair Group, which began in 1989. The Group initially focused on menswear stores before expanding into various sectors

• Expansion into Egypt: The Group launched its first major project in Egypt with the Mall of Arabia in December 2010, marking a significant entry into the Egyptian market

• September 2015: With a positive outlook on the Egyptian economy, the group created a new team of young Egyptian professionals to establish the largest mixed-use development and management company in Egypt

• Creation of Marakez: This new vision led to the formation of Marakez Real Estate Development, a local subsidiary focused on developing various projects across Egypt

Through these achievements, Marakez Developments has established itself as a key player in the Egyptian real estate market, contributing to the growth and modernization of cities across the country. 

Marakez Owner

Marakez Developments is owned by Fawaz El Hokair Group. It owes its success to a team of key players who have significantly contributed to the company's growth and strategic direction:

• Ahmed Demerdash Badrawi: Executive Vice Chairman, has been pivotal in steering Marakez's development and expansion in Egypt since he joined the group in October 2015

• Basil Ramzy: Chief Executive Officer (CEO), has been leading a new phase of the company’s development since August 2015, overseeing all operations and implementing business strategies to enhance the Fawaz Al Hokair Group’s market presence

• Mohamed Badr: Chief Technical Officer, brings over 25 years of experience managing large-scale international projects, ensuring that Marakez maintains a high standard in its developments

• Ismail Seoudi: Chief Land Officer, has played a crucial role in advancing the company's land acquisitions and managing government relations since joining in October 2015

• Hesham Shoukry: Chief Human Resources and Mall Operations Officer. Since joining the company in January 2016, he has been instrumental in developing the organizational structure and establishing a robust human resources platform.

This leadership team drives Marakez's strategic initiatives and positions the company for continued success in the competitive real estate landscape.

Marakez Projects

Marakez Developments boasts a diverse portfolio of projects across Egypt, showcasing its commitment to creating vibrant mixed-use communities. Notable projects include:

• District 5 in New Cairo City
• Aeon Towers in 6th of October City
• Ramla North Coast Resort in Ras El Hekma
• Mall of Mansoura
• Shams Soma in Somabay
• Villa M Zamalek
• Crescent Walk in 6th Settlement
• Mall of Tanta
• Mall of Arabia in 6th of October

Text us now to get your new unit in one of Marakez Development’s projects!

Below is the detailed description of the top projects.

District 5

• Location of District 5: on the Cairo - Ain Sokhna Highway,New Katameya Region,South New Cairo, a 7-minute drive from Road 90

• Land area: 268 acres with 5+ phases 

• Units: 1720+ units including studios, apartments, duplexes, penthouses, lofts, standalone villas, townhouses, offices, retail spaces 

• Amenities: pedestrian network, gateway plaza, community parks, recreational spaces, clubhouse, pool, wellness center, offices and co-working spaces

Check out properties for sale in District 5 Marakez

Ramla North Coast

• Location of Ramla Resort: km 215 on the International Coastal Road, Ras El Hekma-Sahel 

• Land area: 402 acres with 7+ phases 

• Units: standalone villas, twin houses, chalets, duplexes, penthouses, and serviced properties

• Amenities: football pitches, padel tennis courts, basketball courts, fitness studios, a kids' pool, a semi-Olympic pool, multi-purpose courts, a kids' playground, a first-class hotel, The Village Street, amphitheater, kids’ area, dining venues 

Check out properties for sale in Ramla North Coast

Crescent Walk

• Location of Crescent Walk: 6th Settlement,New Cairo,only 7 minutes away from New Cairo Golden Square

• Land area: 118 acres with 3+ phases 

• Units: apartments, duplexes, penthouses, standalone villas, twin houses, townhouses 

• Amenities: clubhouse, sports facilities, community nodes, walking trailways, commercial zone 

Check out properties for sale in Crescent Walk Compound 

AEON Towers

• Location of AEON Towers: at the intersection of 26th of July Corridor and Dahshour Axis, 6th of October City

• Land area: 21 acres 

• Units: fully finished apartments, penthouses, serviced apartments 

• Amenities: main plaza, urban lounge, sky lounges, resident lounge, sauna, a steam room, a jacuzzi, a daycare service, a building management system  

Check out top properties for sale in AEON Towers

Why Invest with Marakez Development?

Investing with Marakez is a smart choice for the following reasons:

• Building on the legacy of El Hokair’s experience, guaranteeing high-quality deliveries 

• Strategically choosing the locations of its projects in diversified, vital spots 

• Offering all types of residential, mixed-use, and resort real estate, matching a wide sector of residential and business needs 

Fawaz Al Hokair Group: Mother Company

The Fawaz Al Hokair Group:

• Traces its origins to 1989, when brothers Fawaz, Salman, and Abdul Majeed Abdulaziz Alhokair established two menswear stores in Saudi Arabia

• Over the years, the Group has evolved into a multifaceted enterprise with a diverse investment portfolio that spans various sectors, including construction, financial services, healthcare, hospitality, energy, fashion, and real estate development

In addition to its fashion endeavors, the Fawaz Al Hokair Group has established a robust presence in the real estate sector, managing 17 shopping malls that encompass over 1.6 million square meters of prime retail space. 

Recognized as the largest retail developer in Saudi Arabia and one of the foremost developers in the Middle East, the Group has strategically expanded its operations beyond the Kingdom, investing in retail and real estate ventures throughout the Middle East and North Africa (MENA), as well as in the United States and Central Asia. 

This expansion reflects the Group's commitment to growth and innovation in a competitive global market.