HIG Development has officially unveiled its latest integrated residential project, Barah Residence in Hadayek October, West Cairo, with total investments reaching EGP 3 billion. The launch event was attended by prominent business leaders, clients, and real estate sector stakeholders, highlighting strong interest in the Egyptian real estate market.
The project gained significant attention due to its focus on spacious living, privacy, comfort, and high-quality residential lifestyle, reflecting a modern approach to urban development in Egypt.
Integrated Residential Concept with Green Spaces and Low Density Design
Eng. Alaa El Hosary, Chairman of HIG Development, stated that Barah Residence is developed over 8 feddans, with a built-up area not exceeding 25%, while the majority of the project is dedicated to green landscapes and open spaces.
He explained that the project reflects the company’s vision of delivering modern residential communities in Egypt that prioritize tranquility, comfort, and investment value, offering residents a complete living experience aligned with international standards of real estate development.
Strategic Expansion in Egypt’s Real Estate Market
El Hosary confirmed that Barah Residence represents the fifth project in the company’s portfolio, following successful commercial developments including Centro Mall, Parco Mall, Casa Mall, and Strip Mall.
He added that the total investment portfolio of HIG Development real estate projects has reached nearly EGP 10 billion, reflecting strong market confidence and the company’s expanding presence in the Egyptian real estate sector.
Construction Plans and Integrated Facilities
Eng. Islam Sanousy, Vice Chairman and General Supervisor of the contracting division, revealed that construction work is scheduled to begin within six months, following a structured execution plan that ensures timely delivery while maintaining high-quality construction standards.
He noted that Barah Residence project includes a fully integrated commercial zone, alongside hospitality components such as a hotel, motel, and a luxury 5-star hotel with 150 rooms and suites, featuring a private landscaped area and swimming pool.
This aligns with Egypt’s strategy to increase hotel capacity and tourism infrastructure, especially due to the project’s proximity to the Grand Egyptian Museum and the Pyramids area.
Lifestyle Amenities and Smart Urban Living
The project offers a wide range of modern lifestyle facilities, including:
- Swimming pools
- Jogging and cycling tracks
- Children’s play areas
- Fountains
- Extensive green spaces
These features reinforce the concept of integrated residential communities in West Cairo, combining comfort, recreation, and modern urban planning.
Prime Location in Hadayek October
Eng. Ahmed Ashour, Board Member and CEO of HIG Development, highlighted the strategic location of Barah Residence in Hadayek October, offering easy access to key destinations across West Cairo.
Key distances include:
- 2 minutes from Zewail Street and the central high-speed train station
- 3 minutes from Fayoum and Al Wahat roads
- 6 minutes from the Pyramids and Grand Egyptian Museum
- 9 minutes from Mall of Egypt
- 20 minutes from Sphinx International Airport
This strategic positioning enhances the project’s value within the Egypt real estate investment market.
Residential Units and Investment Opportunities
The project comprises around 350 residential units across 16 buildings, with sizes ranging from 70 to 170 square meters, catering to different buyer segments in the Egyptian property market.
It also includes serviced hospitality units ranging from 35 to 45 square meters, offering strong real estate investment opportunities in West Cairo.
Sales Targets and Flexible Payment Plans
HIG Development aims to achieve EGP 1 billion in sales during the first phase of launch, supported by flexible payment plans starting with 0% down payment and installment periods of up to 10 years.
These payment systems are designed to enhance accessibility and support real estate ownership in Egypt across different customer segments.
Strategic Partnerships and Development Standards
The project is being developed in collaboration with leading partners, including Arab Art Engineering Consultants, along with specialized firms in design, execution, and development, ensuring high standards across all phases of construction.
