Grit Properties has officially entered Egypt’s real estate market with the launch of its first project, RATIO, marking the start of a broader expansion strategy supported by planned investments totalling EGP 6bn.
Mohamed Hassan, Chairperson of Grit Properties, said Egypt’s ongoing urban development is creating strong investment opportunities across multiple sectors. He described RATIO as the company’s first step in the Egyptian market, noting that Grit plans to prioritise high-quality projects while assessing further residential developments in East Cairo.
RATIO spans more than 13,000 sqm and is a mixed-use development featuring commercial, administrative, and medical spaces. Located on South 90th Street opposite Hyde Park, the project offers flexible unit sizes ranging from 45 to 200 sqm.
The development consists of two basement levels, a ground floor, and five upper floors. Construction is expected to begin within a year, with delivery planned 3.5 years later. The first phase represents 30% of the total area, with payment plans starting at a 10% down payment and instalments of up to seven years. The company aims to achieve EGP 2bn in contractual sales from RATIO in 2026.
CEO Haytham Hassan said the project was developed in collaboration with Mimar Architecture & Engineering as architectural consultant and AVA as general consultant. These partnerships, he noted, are intended to ensure high design standards and strict adherence to timelines.
The launch also underscored the company’s structured approach to project development, with a phased implementation strategy designed to align sales with construction progress and mitigate economic risks. Grit Properties says RATIO aims to balance detailed planning with timely delivery, reflecting the company’s emphasis on operational efficiency and strategic positioning within Egypt’s expanding real estate sector.
