Grand Plaza Real Estate Development Company, or simply Grand Plaza, is an Egyptian shareholding company working in the ownership, development, and management of real estate projects. The company is strongly associated with the La Mirada brand in New Cairo and Mostakbal City, with a portfolio that combines residential communities, greenery, daily services, and commercial components.
Who Is Grand Plaza?
The official La Mirada website states that La Mirada is developed by Grand Plaza Company, a shareholding company established by a group of real estate developers to own, develop, and manage real estate projects. The same source notes that the shareholders have a long industrial and development track record in Egypt, and that the group is currently led by Eng. Sherif Farouk Osman, representing a new generation expanding the group’s investments in recent years.
Grand Plaza builds on a financial and construction background, then diversified into real estate development through projects under the La Mirada name. This gives the company a market identity that is wider than one compound: it works on residential and mixed-use communities in high-demand eastern Cairo locations such as the Fifth Settlement and Mostakbal City.
Company Background
The official sources reviewed for this profile do not publish a clear founding year that can be used as a structured data field. The La Mirada website presents more than 20 years of experience and describes the company as a shareholding entity created by developers and investors, but it does not provide a single verifiable incorporation year. For that reason, DeedGate keeps the founded-year field empty until a direct official disclosure is available.
The group entered real estate development by relying on the construction and investment experience of its shareholders. Its project strategy focuses on quieter and more organized living environments in New Cairo and its extension areas, combining residential buildings, open spaces, commercial services, and facilities that support daily life within the project boundary.
Key Projects by Grand Plaza
Grand Plaza is associated with several projects under the La Mirada brand, including La Mirada Mostakbal City, La Mirada New Cairo, La Mirada Plaza, and Mirasol. These projects are listed on the official La Mirada website as part of Grand Plaza’s project portfolio.
- La Mirada Mostakbal City: A residential project in Mostakbal City with low-rise, low-density apartment clusters, greenery, water landscapes, a commercial hub, health center, mosque, bicycle tracks, clubhouse, and nursery.
- La Mirada New Cairo: A residential project in New Cairo next to the New AUC campus, featuring modern residential buildings, mid-sized units, underground garages, elevators, security management, and waste collection systems.
- La Mirada Plaza: A 3,850 sqm commercial, administrative, and medical venue in New Cairo, serving La Mirada residents and surrounding residential communities.
- Mirasol: A residential project focused on privacy, green areas, security systems, clubhouse facilities, and parking areas.
Verified Figures and Signals
| Company type | Shareholding company for owning, developing, and managing real estate projects |
| Leadership mentioned by sources | Eng. Sherif Farouk Osman |
| Main locations | New Cairo, Fifth Settlement, Mostakbal City |
| Verified DeedGate project | La Mirada Mostakbal City |
| La Mirada Mostakbal investment | EGP 5 billion according to a La Mirada website news post quoting Invest-Gate |
| La Mirada Mostakbal area | 77 acres according to the company’s project news |
| Founded year | No unified official founding year found |
| Delivered units | No verified public total is available for delivered units |
Vision and Specialties
Grand Plaza’s stated direction is to develop communities that match quality lifestyle expectations while keeping pricing and payment schemes suitable for a wider buyer base. The official About page also highlights a practical and elegant architectural concept that aims to make daily life easier for residents.
The company specializes in integrated residential communities, commercial and medical facilities connected to those communities, and lower-density developments in growing areas east of Cairo. This positioning can make Grand Plaza relevant for end users looking for calm residential environments, as well as investors who prefer locations with sustained demand such as Mostakbal City and the Fifth Settlement.
Documented Updates
The La Mirada website published a news post dated December 7, 2022 stating that Grand Plaza invested EGP 5 billion in La Mirada El Mostakbal, including EGP 1.5 billion for land and EGP 3.5 billion for implementation. Another company news post mentioned that the fifth phase of the project, comprising 1,050 units, was sold to Housing and Development Real Estate Investment Company, and that about 97% of La Mirada New Cairo had been marketed at that time.
These figures are useful for understanding the company’s activity and project scale, but they are not treated as a delivered-unit total because the sources discuss sales, implementation phases, and marketing progress rather than final handover totals.
FAQs About Grand Plaza
What is Grand Plaza Real Estate Development Company?
Grand Plaza is an Egyptian shareholding company that owns, develops, and manages real estate projects, best known for the La Mirada projects in New Cairo and Mostakbal City.
Who leads Grand Plaza?
The official La Mirada source mentions Eng. Sherif Farouk Osman as the new-generation entrepreneur currently leading the group’s investment expansion.
What are Grand Plaza’s main projects?
The company’s notable projects include La Mirada Mostakbal City, La Mirada New Cairo, La Mirada Plaza, and Mirasol.
Is Grand Plaza’s founding year verified?
No. The reviewed official sources do not provide one clear founding year, so DeedGate keeps the founded-year field empty.
How many units has Grand Plaza delivered?
No verified public total is available for delivered units. Available sources mention sales and project phases, not a final handover total.