Golden Land Development has officially entered the residential sector with the launch of Naseem, a new compound situated in the Green Revolution district of Sheikh Zayed City. The project represents a total investment of EGP 5 billion. Strategically located, the site is positioned near several major landmarks including the Cairo–Alexandria Desert Road, Sphinx International Airport and the Grand Egyptian Museum.

The development covers 8.5 feddans and prioritises open space, with only 27% of the land used for construction. The remaining area is dedicated to landscaping, green spaces and artificial water features. Naseem consists of ten residential buildings, each standing five storeys high. The units range from one to four bedrooms and offer various layouts, with buildings designed to house four, six or eight apartments per floor.

“Nasem reflects the company’s philosophy of delivering a distinctive real estate product that achieves a balance between luxury, privacy, and ease of living,” stated Ahmed Lotfy, Vice Chairman of Golden Land Development. He described the project as a significant addition to the firm’s residential portfolio.

Project implementation is being managed by CEO Mohamed Hamdy in collaboration with ADC. Advisory expertise for the development has been provided by Sheikh Abdulaziz bin Nasser Al Thani, who brings experience in luxury commercial and residential communities. Pricing for the units begins at EGP 35,000 per square metre. The company is offering a 10% down payment plan with instalments spread over ten years. Buyers can also access a 5% discount during the launch phase.

Golden Land Development has a history in the Egyptian market with previous projects such as Mini Compound Ladress and Stip Mall. Kotb Mokhtar serves as the Chairman of the project, supported by a leadership team including Chief Commercial Officer Ahmed Abdel Rahman. The company aims for delivery within three years and is currently accepting refundable booking deposits of EGP 50,000.