New Plan Developments targets 1,700-unit delivery in 2026 with EGP 2.5bn construction spend
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Egyptian developer New Plan Developments says it will deliver 1,700 units this year and spend about EGP 2.5 billion on construction, as execution and handover become key measures of developer performance.
New Plan Developments is targeting the delivery of 1,700 units during 2026, which would bring the total number of units delivered by the company to around 3,100, as it increases construction activity across its project portfolio. The company also plans to allocate approximately EGP 2.5 billion to construction works during 2026 and is targeting sales of EGP 6 billion by the end of the year.
Walid Khalil, Chairperson of New Plan Developments, said execution and delivery have become increasingly important factors in assessing developers, alongside sales and portfolio growth. He said the company's 2026 delivery target includes around 2,500 units in the New Capital and 600 units in Port Said.
New Plan Developments has nine projects across the New Capital, New Cairo, Port Said and the North Coast, covering residential, commercial, administrative and hospitality developments, according to Khalil. The company has delivered Serrano and the first phases of Eleven, Atika and Talla, while Eclat Residence in Port Said has also been delivered and is operational. Construction is ongoing at Amara and Sadaf, with work continuing on other phases across the portfolio.
Khalil noted that construction spending for 2026 is expected to reach EGP 2.5 billion, with funds directed towards ongoing projects and subsequent development phases, and that the EGP 6 billion sales target is supported by the existing project portfolio and new phases. According to the company, Serrano, Eleven, Atika and Eclat have recorded sales rates of 99 per cent, while Talla has reached 70 per cent, Granvia 80 per cent, Amara 60 per cent and Lamborghini 50 per cent. Sadaf, launched this year, has recorded sales of around 25 per cent.
Khalil said the company is evaluating potential expansion opportunities in Sheikh Zayed and the Red Sea region while maintaining a focus on balancing portfolio growth with construction and financing capacity, adding that its upcoming strategy would focus on selective expansion across locations and product segments while continuing construction and delivery across existing projects.