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Palm Hills plans Ras Al Hikma launch with targeted initial sales of EGP 750 billion

#International News#Infrastructure#Egypt
Last Updated : 29th Apr, 2026
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Synopsis

Palm Hills Development Company has outlined its sales target for the Ras Al Hikma project, which is being developed in partnership with Miran Real Estate Development. The company expects initial sales to reach around EGP 750 billion, indicating the large scale of the coastal development. Ras Al Hikma has recently gained attention as a key investment zone in Egypt, with multiple developers exploring opportunities in the region. The project is expected to contribute significantly to Palm Hills’ portfolio and aligns with broader efforts to boost real estate activity along Egypt’s Mediterranean coast.

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Palm Hills Development Company SAE has stated that its Ras Al Hikma project, being developed in partnership with Miran Real Estate Development, is targeting initial sales of approximately EGP 750 billion. The announcement highlights the scale of the planned development and its expected market positioning.


The Ras Al Hikma region has emerged as a key focus area for large real estate investments in Egypt, particularly along the Mediterranean coast. In recent months, the government has been actively promoting the region as a major tourism and residential destination, attracting both local and international developers.

Palm Hills, one of Egypt’s prominent real estate developers, has been expanding its portfolio through large integrated projects. The company’s collaboration with Miran Real Estate Development for Ras Al Hikma reflects a broader trend of partnerships aimed at sharing development risks and accelerating execution timelines.

While specific project details such as timelines, unit mix, and phases have not been disclosed, the targeted sales figure suggests a large-scale, multi-phase development. Industry observers note that such projects typically include a mix of residential, hospitality, and commercial components to support long-term growth and recurring demand.

The Ras Al Hikma project also comes at a time when Egypt’s real estate sector is seeing increased investor interest, supported by government-led infrastructure development and efforts to attract foreign investment into coastal regions.

Source Reuters
Next (L&T Realty expands portfolio with new land acquisition in NCR)

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