Karnak Real Estate Developments is an Egyptian real estate developer that began its journey in Alexandria in 1993 before expanding into New Cairo and Sheikh Zayed. According to the company’s official website, Karnak has delivered more than 49 residential and commercial projects, handed over more than 3,150 units, and developed over 400,000 sqm of built-up area.
The company is currently known in West Cairo for Belva Sheikh Zayed, but its track record started earlier in Alexandria through residential projects such as Miami City, Smouha Elegance, and Montazah Elegance. Its more recent portfolio also includes Vitali Mall in New Cairo and Belva in Sheikh Zayed.
Karnak History and Background
Karnak’s official materials state that the company started in 1993 with residential buildings in Alexandria. Over more than 30 years, that construction and development experience grew into a broader portfolio covering residential and commercial real estate. The company’s expansion into Sheikh Zayed and New Cairo reflects a move from local residential delivery into larger, more visible mixed-use and compound developments.
For buyers, the useful point is that Karnak is not presented as a one-project developer. Its profile combines a previous delivery record in Alexandria with newer projects in West Cairo and New Cairo, which means the company should be assessed by both its historical handover record and the actual execution progress of its current launches.
Key Karnak Projects
- Belva Sheikh Zayed: a residential compound in Sheikh Zayed designed by architect Raef Fahmy, covering 18.5 acres and offering apartments and duplexes with areas starting from 86 sqm according to the official project page.
- Vitali Mall New Cairo: a commercial project beside the American University in Cairo, with an approximate area of 16,000 sqm according to Karnak’s official website.
- Miami City: one of Karnak’s earlier residential projects in Alexandria.
- Smouha Elegance: a residential project within the company’s Alexandria portfolio.
- Montazah Elegance: another Alexandria residential project listed in Karnak’s track record.
Karnak in Numbers
| Start of activity | 1993 according to official company materials |
| Experience | More than 30 years |
| Projects | More than 49 residential and commercial projects |
| Units handed over | More than 3,150 units |
| Developed built-up area | More than 400,000 sqm |
| Head office | The Portal A, third floor, Beverly Hills, Sheikh Zayed City, Giza |
Vision and Specialization
Karnak describes its mission around treating customers as partners, while focusing on innovation, integrity, client satisfaction, and sustainable development. In practical terms, its activity appears in three main areas: residential communities, commercial projects, and strategically located developments in areas with established demand such as Sheikh Zayed and New Cairo.
Belva reflects this approach through large green areas, sports and leisure amenities, and a mix of apartments and duplexes. Vitali Mall, on the other hand, shows the company’s commercial direction through an open-air mixed-use destination near the AUC area in New Cairo.
Recent Updates
A recent update is the start of on-ground construction at Belva, announced by the company on its official website as the project moved from planning to visible execution. Al-Ahram Gate also reported the launch of Belva Compound, describing it as an 18.5-acre project with residential buildings, a commercial component, and internal facilities, with architecture by Raef Fahmy.
Karnak Real Estate Developments FAQs
When did Karnak Real Estate Developments start?
Karnak started its activity in 1993 according to the company’s official materials, giving it more than 30 years of real estate experience.
How many units has Karnak handed over?
The official website states that Karnak has handed over more than 3,150 units, with additional units in the delivery pipeline.
What are Karnak’s main projects?
Its key projects include Belva Sheikh Zayed, Vitali Mall New Cairo, Miami City, Smouha Elegance, and Montazah Elegance.
Where is Karnak headquartered?
Karnak’s head office is located at The Portal A, third floor, Beverly Hills, Sheikh Zayed City, Giza, Egypt.
Is Karnak listed on the Egyptian Exchange?
No verified public source used for this profile indicates that Karnak is listed on the Egyptian Exchange.