Palm Hills Developments, a leading Egyptian developer in luxury real estate, announced today that it has recorded sales worth EGP 75 bn at its Hacienda Ras El Hekma project during the first two weeks following its launch up to the end of trading on , August 2026.
The milestone marks the highest initial sales recorded during the opening weeks of any project launch in Palm Hills’ history, reflecting exceptional demand and strong customer response for Hacienda Ras El Hekma. The performance reinforces Palm Hills’ position in the Egyptian real estate market, particularly along the North Coast, while highlighting its brand strength, product quality, and ability to capitalize on high-demand destinations to maximize value.
The development is part of a strategic partnership between Palm Hills Developments and UAE-based Meran Hills, representing a prominent Egyptian-Emirati collaboration in the real estate sector. Under the agreement, Meran Hills owns the land while Palm Hills leads the development work. The joint venture combines Meran Hills’ vision for luxury coastal destinations with Palm Hills’ track record in building integrated, mixed-use communities across the North Coast.
