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MNHD Launches the First Phase of Rai project in Sarai near the New Administrative Capital


MNHD Launches the First Phase of Rai project in Sarai near the New Administrative Capital 

Madinet Nasr for Housing & Development “MNHD”, one of Egypt’s leading urban community developers, announced the launch of the first phase of Rai, the latest phase in its flagship project, Sarai. 

Through Rai, MNHD continues to push the boundaries of luxury living with an unparalleled value proposition. Rai offers a diversity of unit types that cater to the demands of customers with the first phase introducing S Villas ranging in size from 212 to 239 sqm and 160-sqm townhouses. Rai is the latest launch of Sarai, MNHD’s 5.5 million sqm mixed-use development strategically located on Cairo-Suez Road only 5 minutes away from the New Administrative Capital, 10 minutes away from the AUC Campus and 15 minutes away from the Ring Road. 

Rai residents will access the full-fledged services offered at Sarai including a sports club, a commercial area, and a five-star hotel. Rai provides an array of green spaces, premium architectural designs, and pedestrian trails promising a unique lifestyle for residents and the highest levels of sophistication and indulgence. The master plan of Sarai was developed by the internationally recognized architectural firm Benoy.

“We are happy to announce yet another launch as we start 2023 on a high note,” said Eng. Abdallah Sallam, President and CEO of MNHD. “Our goal at MNHD is to continue to build communities and provide our customers with the most exceptional living experience. With the launch of S Villas and townhouses in Rai, we continue to offer iconic housing offerings and diversify the real estate product in response to the evolving customer needs,” Abdallah explained. 

Carrying on with a robust growth strategy, MNHD announced several launches since the beginning of the year with the launch of the Second Phase of Clubside in Taj City and the introduction of the “fractional property ownership” concept through The Hoft, a hybrid property strategically located in the business district inside Taj City. The Hoft houses serviced apartments, administrative offices, co-working spaces and a commercial plaza, all in one building.

Since 1959, Madinet Nasr Housing and Development (MNHD) has served the housing needs of millions of Egyptians. Initially founded to develop master projects for the Cairo district of Nasr City, home to three million residents, MNHD has grown into a premier real estate developer and has become one of the country’s most recognizable real estate brands. MNHD was listed on the Egyptian Exchange in 1996, capitalizing on a long and successful track record of delivering world-class housing and infrastructure projects to broaden its exposure to various target segments of the Egyptian real estate market. Anchored in the Greater Cairo Area and with a growing presence in other regions of Egypt, the Company holds a land bank of over nine million square meters (sqm). MNHD had fifteen active projects across two main developments at the close of FY 2022: Taj City, a 3.6 million sqm mixed use development positioned as a premier cultural destination, and Sarai a 5.5 million sqm mixed use development strategically located near Egypt’s New Administrative Capital between Cairo and Suez.