Eng. Ashraf Boulos، the Chief Executive Officer of Cornerstone Development، emphasised the company’s strategic approach to expanding in the Egyptian market.
Developed in partnership with Medar Investment and Urban Development، the project underscores the company’s commitment to collaborating with leading entities.
He noted that the goal is to deliver projects that enhance the sector and uphold the company’s commitment to excellence and exceptional customer satisfaction.
Boulos highlighted that Cornerstone’s project implementation focuses on modern designs adhering to the latest international standards.
The construction ratio for the project is capped at 17%، focusing on maximising services and green spaces.
This approach ensures that customers receive all their needs، experience top-level luxury، and enjoy a healthy environment with comprehensive comfort and sustainability.
The company aims to balance environmental preservation efforts with maximising investment returns for stakeholders.
Cornerstone’s projects deliver exceptional returns for customers.
With extensive experience in the Egyptian market، Cornerstone Real Estate Development benefits from its founders’ and board members’ international and local expertise in real estate investment، contracting، building materials، concrete، and decoration. Following the success of its initial project، The Curve Compound، in the Administrative Capital، the company is now expanding into East Cairo، the New Administrative Capital، and Mostakbal City in New Cairo.
Mostakbal City
Engineer Ashraf Boulos reported that Cornerstone Development’s RED project in Mostakbal City، New Cairo، has achieved remarkable sales in record time and earned significant praise from customers for its distinctiveness and market value.
The project، developed in partnership with Medar for Investment and Urban Development—the owner and developer of Mostakbal City—covers 60 acres and is situated in the third phase of Mostakbal City.
This new venture aligns with Cornerstone Development’s strategy to expand and diversify its real estate portfolio by selecting prime locations and collaborating with leading entities to deliver projects that add significant value to the Egyptian market.
Boulos noted that Mostakbal City stands out due to its innovative planning، infrastructure، and green spaces، including the Boulevard under development. He also highlighted the project’s focus on security and privacy.
The RED project will be executed in three phases and will feature a variety of villas، including duplexes and penthouses، with designs comprising a ground floor and three upper floors. The project will include 680 villas designed to ensure privacy and independence.
Cornerstone Development has engaged one of the leading consulting firms in the United States to develop innovative design concepts for the project.
The company aims to create a comprehensive urban development following the latest construction standards and advanced sustainability practices.
The project is expected to be completed within 3.5 to 4 years، with anticipated sales projected at EGP 15 billion.
Excellence:
Cornerstone Development has chosen to build on only 17% of the land area for its latest project، even though the allowable building percentage is approximately 22%.
The remaining land will be dedicated to green spaces، roads، services، and landscaping.
The company’s vision for the project is reflected in its unique designs، inspired by the red rose’s ability to thrive in sunlight and water.
The new project in Mostakbal City features WATER VILLAS-FLOATING GARDENS/RED and will adhere to the highest sustainability standards.
It will incorporate advanced technologies and offer a range of integrated services to ensure its residents’ luxury، comfort، and privacy.
The Administrative Capital
The project features WATER VILLAS-FLOATING GARDENS/RED، including gardens and floating villas.
Cornerstone Development is set to expand in the Administrative Capital with its second project، The Terraces. This latest commercial and administrative mall is designed to meet 100% sustainability standards.
The company is also launching its second project in the Administrative Capital، The Terraces، a state-of-the-art commercial and administrative mall
The Terraces will feature a mix of administrative offices، medical clinics، and retail spaces، with options starting from 50 square meters to cater to diverse customer needs.
The RED project in Mostakbal City، New Cairo، has garnered positive customer feedback and achieved impressive sales in record time.
The mall will have a ground floor and three upper floors، with spacious terraces for offices overlooking green spaces، offering residents a pleasant environment with sun and fresh air. Each floor will include over 250 square meters of amenities such as studio spaces، co-working areas، virtual meeting pods، communal meeting rooms، a fitness lounge، narrative art installations، a social roof، break-out areas، and chit-chat corners.
Cornerstone Development has built customer trust through projects that showcase cutting-edge designs and top-tier quality.
In addition to The Terraces، Cornerstone Development owns THE CURVE، a residential project in the New Administrative Capital spanning 13 acres.
THE CURVE comprises approximately 550 varied housing units. Marketing efforts for around 90% of the units are complete، and over 70% of the construction work has been finalised.
THE CURVE is one of the first developments in the R8 district.
It is in a prime location adjacent to the Green River and near the Mohammed bin Zayed axis، the airport، the Republican Palace، and various ministries.
The project includes four blocks with 15 buildings، covering a building area of 100000 square meters، offering a range of residential options، including apartments، duplexes، and penthouses with expansive open spaces.
