Five Palm Developments, searched in Arabic as شركة فايف بالم للتطوير العقاري, is an emerging Egyptian real estate developer that officially announced its market entry in July 2025 with an expansion plan covering the New Administrative Capital and Fifth Settlement. The company’s roots go back to 2012 as a contracting firm, before expanding into real estate development and asset management in 2023.
Five Palm positions itself around a mix of construction experience and mixed-use real estate development. Published coverage highlights a focus on residential, commercial, administrative, and medical components, with products aligned with Egypt’s ongoing urban expansion in East Cairo and the New Capital.
Company Background
Five Palm was founded in 2012 as a contracting company and later moved into real estate development and asset management in 2023. This background shapes the company’s identity, because it enters the development market with an execution and construction base rather than only a sales-oriented real estate model.
Invest-Gate names Yasser Raslan as chairman of the board, Youssef Issa as vice chairman, and Islam Shahat as CEO. The company’s leadership has publicly emphasized construction timelines, execution quality, and mixed-use projects that combine living, working, commercial, and investment components.
Five Palm Developments Projects
The most visible project associated with the company is District Palm New Capital, a mixed-use project in the R3 district of Egypt’s New Administrative Capital. Real estate project pages describe it as a commercial, administrative, and medical mall of around 16,000 square meters, with a frontage of about 270 meters and units serving retail, clinics, and office users.
Published coverage also states that Five Palm has acquired strategic land plots in the New Capital and Fifth Settlement as part of its expansion strategy. The company announced a first major project with investments exceeding EGP 4 billion, including residential and commercial units designed according to modern real estate standards.
Execution Track Record
Some project pages list previous execution-related work connected to Five Palm’s contracting background, including Health Square Hospital in Sheikh Zayed, Green 1 to Green 6 residential projects, tourism projects such as Sky Star Villas and Sky G Resort in Hurghada, and collaborations on projects such as October Plaza, Sodic Westown, and Aeon Towers. These are treated as published track-record references, not as a verified delivered-units total.
Key Figures
| Founded | 2012 |
| Expansion into development and asset management | 2023 |
| Official real estate market entry | July 2025 |
| Target locations | New Administrative Capital and Fifth Settlement |
| Main visible project | District Palm New Capital |
| District Palm area | Around 16,000 sqm according to project pages |
| Project frontage | Around 270 meters |
| Investment value announced for first major project | More than EGP 4 billion |
No verified public total is available for delivered units. The available sources discuss planned projects, announced investments, and contracting-related track record, so the delivered-units field has been left empty.
Vision and Specialties
Five Palm’s positioning is built around the idea of building with a forward-looking vision. Instead of focusing on one product type, the company is moving toward mixed-use projects that combine retail, administrative, medical, commercial, and residential components, with attention to asset management and long-term operating value.
The company’s main specialties include mixed-use development, asset management, construction execution, and projects that serve dense residential or investment areas. Its future performance will depend on the quality of its land locations, design and management partners, and its ability to convert contracting experience into sustainable real estate products.
Recent Updates
On July 30, 2025, Invest-Gate reported that Five Palm Developments had entered Egypt’s real estate market with flagship projects in the New Administrative Capital and Fifth Settlement. CEO Islam Shahat said the company aims to offer innovative real estate products, while chairman Yasser Raslan emphasized timelines and execution quality, and vice chairman Youssef Issa referred to approved investments for mixed-use projects.
Is Five Palm Developments a Good Fit for Investors?
Five Palm Developments may be relevant for investors looking for commercial, medical, or administrative units in the New Administrative Capital, especially in R3 where District Palm is positioned. Because the company is still a relatively new real estate developer, buyers should review land status, construction progress, management partners, contract terms, and nearby project prices before making a decision.
Five Palm Developments FAQ
When was Five Palm Developments founded?
Published economic coverage states that Five Palm was founded in 2012 as a contracting firm and expanded into development and asset management in 2023.
Who leads Five Palm Developments?
Invest-Gate names Yasser Raslan as chairman, Youssef Issa as vice chairman, and Islam Shahat as CEO.
What is Five Palm’s main project?
The most visible project is District Palm New Capital in the R3 district of the New Administrative Capital.
Where does Five Palm Developments operate?
The company is targeting the New Administrative Capital and Fifth Settlement in East Cairo.
Does Five Palm publish a delivered-units total?
No verified public delivered-units total is available, so the delivered-units field has been left empty.