Yasseen Mansour’s Palm Hills launches new project with $4 billion sales target

Key Points

• Palm Hills to develop Jirian, a 361-feddan residential city in New Sheikh Zayed, excluding the Nile river frontage, part of a 1,600-acre masterplan.
• The two-phase development will deliver 6,500 units and target approximately EGP200 billion ($4 billion) in total residential sales.
• The project marks Palm Hills’ entry into the New Delta expansion, aligning with Egypt’s westward housing push and growing demand for large-scale residential infrastructure.

Palm Hills Developments, a Cairo-based real estate firm chaired by billionaire Yasseen Mansour, has launched its first project in Egypt’s New Delta—Jirian, a next-generation residential development projected to generate around EGP200 billion ($4 billion) in total sales.

Located in New Sheikh Zayed along the Sheikh Zayed Axis, and set within a 1,600-acre masterplan, the Jirian project will become Egypt’s first authentic riverfront city, blending urban lifestyle with a live Nile branch coursing through its core reflecting Palm Hills’ long-term vision to lead in lifestyle-driven development while reshaping Egypt’s westward expansion.

Jirian: A riverfront City in West Cairo

Set along a 9-kilometer Nile frontage, Jirian spans 361 feddans—excluding a dedicated river zone that covers 20 percent of the site, with water widths reaching 240 meters. Strategically located near the Middle Ring Road, Sphinx International Airport, and the Grand Egyptian Museum, the project offers both accessibility and prestige.

Planned in two phases, Jirian will deliver around 6,500 residential units, introducing a large-scale, integrated lifestyle community rooted in waterfront living.

Palm Hills deepens its real estate imprint

Jirian signals a major expansion for Palm Hills Developments—Egypt’s second-largest listed developer by market value and a subsidiary of the Mansour Group. The launch aligns with rising property demand and Egypt’s national agenda to expand housing and infrastructure westward into the New Delta.

With a land bank of 33.5 million square meters, Palm Hills is evolving from a traditional developer into a creator of holistic urban ecosystems. Its portfolio spans five hotels, three sports clubs, and a growing presence in education and healthcare.

A recent 32.6 percent stake in Taaleem Management Services—operator of Nahda, Badya, and the upcoming Memphis University—reinforces this shift. By integrating real estate with learning, wellness, and leisure, Palm Hills is shaping a new model for living in Egypt.

Yasseen Mansour’s long play

Palm Hills Developments, a subsidiary of Egypt’s Mansour Group, has established itself as a leading force in integrated real estate, spanning residential, commercial, and resort communities.

As Egypt’s second-largest listed property developer, the company has consistently delivered strong financial results. Yasseen Mansour, who holds a 10.17 percent stake, has been instrumental in its expansion, leveraging rising demand in the real estate sector.

Amid Egypt’s drive to ease urban congestion and build new cities, Palm Hills is betting that riverfront living—once confined to central Cairo—can be reimagined at scale. With Jirian, the company positions itself at the forefront of smart, inclusive, and sustainable urbanism, offering a model for future development across the region.