Grit Properties is an Egyptian real estate developer that entered the market with its first project, RATIO New Cairo, in November 2025, backed by a declared EGP 6bn investment plan. The company is chaired by Mohamed Hassan, with Haytham Hassan as CEO, and its initial focus is on mixed-use commercial, administrative, and medical developments.
Grit positions itself as a new-generation developer focused on phased planning, high-traffic locations, and collaboration with specialized consultants. Although the brand is relatively new, market coverage links it to the wider experience of Diyar Developments, a company known for previous residential projects in New Cairo.
Grit Properties Background
No verified legal founding year was found in the public sources reviewed for this profile, so DeedGate does not list a specific founding year in the developer fields. The most precise public milestone is the company’s official market entry through the launch of RATIO in November 2025, described as its first project in Egypt’s real estate market.
According to statements reported by Daily News Egypt and Invest-Gate, the company’s leadership views Egypt’s urban expansion as an opportunity for disciplined developers with strong planning capabilities. Grit therefore started with a mixed-use commercial project on South 90th Street rather than a standard residential launch in a lower-visibility area.
Key Grit Properties Projects
The confirmed project currently linked to Grit Properties is RATIO New Cairo. The project is located directly on South 90th Street opposite Hyde Park, spans more than 13,000 sqm, and includes retail, administrative, and medical spaces with flexible unit areas ranging from 45 to 200 sqm according to launch coverage.
RATIO consists of two basement levels, a ground floor, and five upper floors. The first phase represents around 30% of the project area, with payment plans starting at a 10% down payment and installments of up to seven years in the launch announcements. The company has also mentioned that it is reviewing residential opportunities in East Cairo, but no other project names are treated as confirmed in this profile.
Grit Properties in Numbers
| Market entry | November 2025 through the launch of RATIO |
| Declared investment plan | EGP 6bn |
| Confirmed project | RATIO New Cairo |
| RATIO land area | More than 13,000 sqm |
| Unit types | Commercial, administrative, and medical |
| 2026 sales target | EGP 2bn in contractual sales from RATIO according to company statements |
No verified public total is available for delivered units. RATIO is presented as Grit’s first project in the Egyptian market, so no delivered-unit figure has been added to DeedGate’s developer fields.
Vision and Specialization
Grit’s stated direction focuses on detailed planning, design quality, operational efficiency, and timely delivery. In RATIO, this appears through cooperation with Mimar Architecture & Engineering as architectural consultant and AVA as general consultant, both of which are relevant indicators for investors assessing planning depth before purchase.
The company’s current specialization is closest to mixed-use real estate in active commercial locations. This makes Grit’s evaluation depend on access, activity mix, phasing discipline, delivery timeline, and the future operating model of the mall after handover.
Recent Updates
In November 2025, Grit Properties launched RATIO in New Cairo with a declared EGP 6bn investment plan. Press coverage stated that construction is scheduled to begin within a year of launch, with delivery expected 3.5 years later, and that the company targets EGP 2bn in contractual sales from RATIO in 2026. Chairman Mohamed Hassan also said the company is reviewing residential opportunities in East Cairo.
Grit Properties FAQs
Who is Grit Properties?
Grit Properties is an Egyptian real estate developer that entered the market with RATIO New Cairo in November 2025, led by Mohamed Hassan and Haytham Hassan.
What is Grit Properties’ first project?
Its first announced project is RATIO New Cairo, a mixed-use commercial, administrative, and medical project on South 90th Street in the Fifth Settlement.
How much is RATIO’s investment plan?
The declared investment plan for RATIO is EGP 6bn according to the project’s launch coverage.
Does Grit Properties have delivered units?
No verified public total is available for delivered units, as RATIO is presented as the company’s first project in Egypt’s real estate market.
Is Grit Properties listed on the Egyptian Exchange?
No verified public source used for this profile indicates that Grit Properties is listed on the Egyptian Exchange.