Key Factors
- Palm Hills posted $1 billion in Q1 gross sales, hovering 148% year-on-year, powered by robust demand throughout core tasks like Badya, New Cairo, and Palm Hills Alexandria.
- The quarter excludes upcoming North Coast gross sales, which added EGP90B in 2024 alone, signaling additional upside and a probable beat of full-year targets.
- The agency is increasing regionally, launching UAE subsidiaries through ADGM and boosting its Saudi footprint by tenders with the Nationwide Housing Firm.
Palm Hills Developments, the property agency led by Egyptian billionaire Yasseen Mansour, kicked off 2025 with a blistering gross sales efficiency, reaffirming its grip on Egypt’s fast-growing housing market. For the primary three months of its 2025 fiscal 12 months, the real-estate firm registered contemporary gross sales of $1 billion, powered by sustained demand throughout its current tasks.
Palm Hills’ Q1 gross sales leap 148% to $1 billion on Egypt increase
In its latest filing on the Egyptian Stock Exchange, the property firm booked EGP80.2 billion ($1 billion) in new gross sales, a 148 p.c year-on-year surge from EGP32.2 billion in Q1 2024. It additionally greater than tripled from the EGP21 billion posted in This fall 2024, fueled by robust demand throughout its core developments, together with Badya, Palm Hills New Cairo, Palm Hills Alexandria, and the upmarket P/X challenge.
Notably, the first-quarter efficiency excludes upcoming North Coast gross sales, scheduled to begin in Might, which final 12 months alone contributed EGP90 billion ($1.8 billion), underscoring upside potential for the months forward. This efficiency places the developer firmly on monitor to attain its full-year gross sales goal of EGP200 billion ($2.5 billion), up 33 p.c from 2024.
Using this momentum, the Cairo-based developer is doubling down on its regional growth, launching two subsidiaries in the UAE through the Abu Dhabi International Market (ADGM) and shutting the hole with regional rivals like Talaat Moustafa Group. Concurrently, the agency is deepening its presence in Saudi Arabia, advancing tender bids and strategic engagements with the Nationwide Housing Firm as a part of its broader Gulf technique.
Increasing footprint within the MENA area
Palm Hills Developments, a subsidiary of Egypt’s largest conglomerate, Mansour Group, has constructed a powerful status as one of many nation’s main actual property builders. The corporate focuses on built-in residential, industrial, and resort communities.
As Egypt’s second-largest listed actual property agency, Palm Hills has persistently delivered robust monetary efficiency. Yasseen Mansour, who holds a ten.17 p.c stake, has performed a key position within the firm’s progress, capitalizing on the robust demand in Egypt’s property market.
With its robust begin in 2025, the corporate’s efficiency displays a broader wave of demand for branded, master-planned communities in Egypt, with Mansour’s portfolio more and more benefiting from early-mover benefits and diversified challenge geography.
