Palmier Developments

Palmier Developments entered the Egyptian property market in 2016 with a geographically focused strategy rather than immediate expansion across multiple cities. The company directed its early activity toward New Zayed, Sheikh Zayed, and 6th of October City before extending its portfolio to Marsa Matrouh. This pattern indicates that local market depth came before project volume in the company’s growth plan.

Available records associate Palmier Developments with eight announced projects. Published project areas range from 5 feddans to 30 feddans, while unit sizes start at 155 square meters and reach 400 square meters. Listed entry prices range from EGP 7,800,000 to EGP 16,553,000. However, verified figures for paid-up capital, total investment value, and the company’s land bank remain undisclosed.

Palmier Developments has built much of its identity around low-density villa communities instead of large residential blocks. This direction appears across Vert New Zayed and the different Zayard phases, with payment plans extending up to 10 years in selected launches. The competitive model relies on unit mix, location selection, lower density, and extended installments rather than frequent project announcements.

About Palmier Developments

Palmier Developments began operating in 2016 with the participation of Osama Saleh, Egypt’s former Minister of Investment, according to published market references. The company initially concentrated on residential development in West Cairo before extending its footprint to coastal destinations in Marsa Matrouh. Over nearly a decade, its announced portfolio reached eight projects, although its current executive structure and chairman have not been publicly clarified.

History of Palmier Developments and Its Journey

The company’s development path shows a gradual move from smaller schemes to larger master plans. Zayard Trio covers 5 feddans, while Vert New Zayed extends across 30 feddans. Palmier Developments later added O Bay and Agiba City in Marsa Matrouh, creating a coastal dimension alongside its West Cairo activity. The figures suggest that growth came through larger project scale and location diversification rather than a major change in residential product type.

Vision and Mission of Palmier Developments

Palmier Developments follows a strategy based on selected West Cairo locations, low building density, and substantial open-space allocation. More than 85% of Vert New Zayed is assigned to landscape and outdoor areas, while Moharram Bakhoum was selected as the consultant for Zayard Strike North. The company’s visible direction focuses on villa communities, planning quality, and long-term residential use after handover.

Key references associated with the company’s development direction:

• Palmier Developments has announced eight projects across New Zayed, Sheikh Zayed, 6th of October City, and Marsa Matrouh, reflecting a controlled geographic strategy rather than broad nationwide expansion.
• Published project areas increased from 5 feddans at Zayard Trio to 15 feddans at Zayard Elite, 20 feddans at Zayard Strike North, and 30 feddans at Vert New Zayed.
• The company appointed Moharram Bakhoum for Zayard Strike North and allocated more than 85% of Vert New Zayed to open spaces, indicating a consistent preference for lower-density planning.
• No verified awards or certified recognitions were identified in the available references, while figures for delivered units, construction progress, investment value, and land bank remain undisclosed.

Projects by Palmier Developments

The portfolio of Palmier Developments shows a clear concentration in New Zayed and Sheikh Zayed, supported by two coastal projects in Marsa Matrouh. Its eight announced developments are largely focused on villa communities and low-density residential planning rather than high-rise apartment schemes.

• Vert New Zayed
• Zayard Strike North
• Zayard Trio
• Zayard Elite
• Farida Heights Sheikh Zayed
• Farida Tower 6th of October
• O Bay Marsa Matrouh
• Agiba City Marsa Matrouh