Aqar Masr Developments, searched in Arabic as شركة عقار مصر للتطوير العقاري, is an Egyptian real estate development company focused on residential and commercial projects in the New Administrative Capital. The company’s official website does not state a specific founding year, but it presents Aqar Masr as a developer with a 25-year experience background, led by Chairman Eng. Maged Migar, whose experience spans projects in Upper Egypt, Cairo, and the North Coast.
On DeedGate, Aqar Masr is most directly connected with Anakaji New Capital, a residential compound in the R8 district of the New Administrative Capital, and with the commercial component GUSKO Mall. This profile therefore focuses on the developer’s verified identity, its official project data, and the distinction between project-level unit counts and a company-wide delivered-unit total.
Aqar Masr Developments History
Aqar Masr’s official website does not publish a confirmed company founding year. For that reason, DeedGate leaves the founded-year field blank rather than relying on conflicting third-party dates. The official About page instead states that Aqar Masr has a 25-year legacy and a vision to follow the footsteps of great Egyptian architecture while integrating Egyptian identity into a contemporary development concept.
The same official page outlines values such as sustainability, integrity, unity, uniqueness, and innovation. This positioning is reflected in Anakaji’s design identity: the project name is described as meaning “my home” in the Nubian language, and the community’s architecture blends modern residential planning with Nubian-inspired color and form.
Operationally, Aqar Masr’s current public activity is centered on the New Administrative Capital. Anakaji is the company’s main residential project in R8, while The Ark represents the latest phase of that compound according to Invest-Gate’s May 2024 report. GUSKO Mall adds a commercial and service component to the same wider development context.
Key Projects by Aqar Masr
The best documented Aqar Masr project is Anakaji New Capital. The official project page places Anakaji in the R8 district, close to the Presidential and Diplomatic districts, the Green River, Bin Zayed Axis, and key road connections. It covers 20 acres and is planned around low-density development, open areas, and a distinct architectural identity.
According to the official website, Anakaji includes around 800 residential units with areas ranging from 105 to 335 square meters. Unit types include apartments, penthouses, and duplexes. The project also includes a clubhouse, swimming pools, greenery, artificial lakes, 550 underground parking slots, a 1.6-kilometer jogging track, a multi-purpose hall, a cultural center, and children’s playgrounds.
The company is also associated with GUSKO Mall New Capital, a commercial project in the R8 district. Market sources such as Aqarmap and other property platforms identify Aqar Masr as the developer of GUSKO Mall, with commercial, administrative, and medical uses serving both the compound and surrounding residential demand in the New Administrative Capital.
Aqar Masr in Numbers
The verified public numbers for Aqar Masr mostly relate to Anakaji and its phases, not to a confirmed lifetime delivery record. Therefore, DeedGate does not enter a delivered-unit total for the company. No verified public total is available for delivered units.
| Officially stated experience | 25 years according to Aqar Masr’s website |
| Chairman | Eng. Maged Migar according to the official About page |
| Head office | 117 Al Thawra St., Heliopolis, Cairo, according to the official Contact page |
| Main residential project | Anakaji New Capital in R8 |
| Anakaji area | 20 acres according to the official website and Invest-Gate |
| Anakaji units | 800 units according to the official website and Invest-Gate |
| Verified delivered-unit total | No verified public total is available |
Invest-Gate reported in May 2024 that The Ark, the latest phase of Anakaji, includes 150 units and that Anakaji had reached 70% construction completion at the time, with the first 200-unit phase scheduled for delivery by the end of 2024.
Vision and Specialization
Aqar Masr positions itself around Egyptian architectural identity, contemporary living standards, and sustainable community-building. The clearest expression of that vision is Anakaji, where the company uses Nubian inspiration as a residential design theme rather than following a generic compound style.
- Residential development: Anakaji offers apartments, penthouses, and duplexes in R8 New Capital.
- Commercial development: GUSKO Mall supports the residential project and the wider R8 district with commercial, administrative, and medical uses.
- Architectural identity: Aqar Masr emphasizes Egyptian and Nubian design references in its project language.
- Low-density planning: Anakaji relies on open spaces, facilities, mobility tracks, and community services.
Recent Updates
On May 20, 2024, Invest-Gate reported that Aqar Masr Developments launched The Ark, the final phase of Anakaji in the New Administrative Capital. The phase includes 150 units with areas starting from 102-square-meter one-bedroom studios and reaching 330-square-meter duplexes. The same report stated that the total investment cost of Anakaji is estimated at around EGP 1.4 billion, with Aqar Masr planning to invest EGP 250 million in the project during 2024.
Property Finder lists Anakaji under Aqar Misr Developments in the New Capital and shows a construction start date of May 1, 2020 and expected completion on March 31, 2025. Because pricing, availability, and handover details can change frequently, buyers should verify the latest project terms through DeedGate or an authorized sales representative before reserving a unit.
FAQ About Aqar Masr Developments
What is Aqar Masr Developments?
Aqar Masr Developments is an Egyptian real estate developer focused on residential and commercial projects in the New Administrative Capital, best known for Anakaji New Capital and GUSKO Mall.
When was Aqar Masr founded?
The official website does not state a confirmed founding year. It states that Aqar Masr has 25 years of experience, so DeedGate leaves the founded-year field blank.
What are Aqar Masr’s main projects?
The company’s main documented projects are Anakaji New Capital and GUSKO Mall New Capital in the R8 district of the New Administrative Capital.
How many units are in Anakaji New Capital?
Anakaji includes around 800 residential units according to Aqar Masr’s official website and Invest-Gate. This is a project inventory number, not a verified delivered-unit total for the company.
Where is Aqar Masr located?
The official Contact page lists Aqar Masr at 117 Al Thawra St., Heliopolis, Cairo, with hotline 19254.