RE
Egypt real estate brief
Urbnlanes targets EGP 40 billion in sales in 2027 and prepares to launch a North Coast project
An RE brief based on a story published by أموال الغد: عقارات on 11 November 2026.
Read the full story at the sourceThe story in brief
Fadi Emil Abdullah, CEO of Kuwaiti company Urban Lenz, said the company is preparing to launch a new project spanning more than 400 feddans on the North Coast. It has a land portfolio of about 600 feddans across New Cairo, the New Capital and the North Coast, and targets sales of EGP 40 billion in 2027, alongside higher construction spending and delivery of about 600 residential units next year.
Key numbers
- 600 feddans
- Land portfolio
- More than 400 feddans
- Area of the North Coast project
- EGP 4 billion
- Construction spending this year
- EGP 10 billion
- Construction spending target for next year
- 600 residential units
- Units targeted for delivery next year
- EGP 40 billion
- Sales target for 2027
Why it matters for brokers
The company is preparing to add a project spanning more than 400 feddans to the North Coast's upcoming supply. It also targets delivery of 600 residential units next year and construction spending of EGP 10 billion.
RE's reading of the story. It is not part of the original report and not investment advice.