Master Group Developments, searched in Arabic as شركة ماستر جروب للتطوير العقاري, is an Egyptian real estate developer focused on integrated residential and commercial communities, mainly in the New Administrative Capital, with additional coastal and mixed-use activity. An official Lasheen Holding news page states that the Master Group companies were founded in 2016, while another official blog page refers to Master Group as founded in 2017; this profile presents the difference transparently and uses 2016 as the group founding year.
Master Group is currently presented through the Lasheen Holding platform. The official website describes Lasheen Holding as a multi-sector conglomerate developing integrated residential and commercial communities in Egypt, backed by more than 500 professionals across its operations and affiliated entities, including EG Capital as a construction arm and Sella Developments in hospitality. The company’s published head office is at Zizinia Business Park, Building no.9A, Fifth Settlement, New Cairo, with the hotline 16929.
Master Group History and Growth
Master Group’s public profile is closely linked to Mohamed Lasheen, who appears in official news as chairman of the company. Official sources are not fully consistent on the founding date: a 2024 official news page says the Master Group companies were established in 2016, while a 2023 official blog says Master Group was founded in 2017 with the vision of offering a “Master life” concept combining luxury, environment, human needs and technology.
The company became better known through The City in the New Administrative Capital. In October 2018, Invest-Gate reported that Master Group had marketed 80% of The City and that construction had started in mid-October, with up to EGP 3.5 billion in investments and ministerial approval obtained for the project at that time.
Master Group Projects
The City New Capital
The City is the flagship project most closely associated with Master Group. According to the current official project page, it is located in R7A in the New Administrative Capital and is designed as a gated residential community with apartments, duplexes and villas surrounded by greenery. The official page lists 2,136 apartments, 368 duplexes, 5 villas and 78 buildings, with a location near the Financial and Business District, the monorail station, the Presidential Palace and the Ministries District.
Allegra Mall
Allegra is a retail and service destination connected to The City. The official page describes it as a mall with restaurants, cafes, cinemas, retail shops and children’s areas. It is located in the heart of the New Administrative Capital’s R7 district and spans 15,000 square meters across four levels, serving residents of The City and adding commercial, medical and entertainment functions to the residential community.
City Oval
City Oval is one of Master Group’s newer expansions in the New Administrative Capital. The official page places the project in R8 and lists a 30-acre area, 1,248 apartments and 39 buildings, along with a club area, social amenities, greenery and water features. Official launch coverage in February 2024 stated that the project includes residential units ranging from 115 to 140 square meters, plus a commercial mall serving residents.
Wanas North Coast and Earlier Projects
In 2025, Lasheen Holding listed Wanas on the North Coast as one of the company’s latest projects. Market sources also associate Master Group with earlier projects such as White Bay Ras Sudr, Aventura Mall in the New Administrative Capital, a coastal project in Aida Village, and real estate works related to Egypt’s Ministry of Awqaf. Because details vary between sources, this profile prioritizes projects verified by the official website and recent official news pages.
Verified Master Group Facts
| Adopted founding year | 2016 according to official Lasheen Holding news; another official blog refers to 2017 |
| Chairman | Mohamed Lasheen |
| Published head office | Zizinia Business Park, Fifth Settlement, New Cairo |
| Main markets | New Administrative Capital, North Coast, Ras Sudr |
| Delivered units | No verified public total is available for delivered units |
| Key projects | The City, Allegra, City Oval, Wanas |
This profile does not use a total delivered-unit figure because no public official source provides a verified company-wide total. Project-specific unit counts, such as those published for The City and City Oval, are treated as project design or inventory figures, not as delivered-unit totals.
Vision and Specializations
Lasheen Holding’s official pages describe a vision centered on developing integrated residential and commercial communities that combine living, business and leisure. The group emphasizes quality, innovation, trust and sustainable growth, while relying on partnerships with local and international experts and consultants. Its concept also highlights the use of technology in planning, operating and improving real estate products.
Master Group’s specialization covers residential compounds, commercial and service hubs, coastal projects and mixed-use developments. This can be seen across The City as a residential community, Allegra as a service and retail mall, City Oval as a newer R8 residential project, and Wanas as a North Coast extension.
Recent Master Group Updates
On 28 May 2025, the company announced the opening of a new branch in Alexandria as part of an expansion plan aimed at serving clients across different Egyptian governorates. In the announcement, Mohamed Lasheen said the move responded to rising demand for integrated real estate projects, especially in the New Administrative Capital and the North Coast.
On 5 October 2025, Lasheen Holding published a news update about the chairman of Master Group visiting The City project to review construction and handover progress. The update matters because it connects the project to on-site execution and delivery follow-up, not only sales and marketing.
Master Group FAQs
When was Master Group founded?
An official Lasheen Holding news page states that the Master Group companies were founded in 2016, while another official blog page says Master Group was founded in 2017. DeedGate therefore notes the discrepancy and uses 2016 as the group founding year.
Who is the chairman of Master Group?
Mohamed Lasheen appears in official company news as chairman of Master Group. His name is linked to the launch of City Oval, the Alexandria branch opening and The City construction and handover follow-up.
What are Master Group’s main projects?
The company’s main known projects include The City, Allegra, City Oval and Wanas, with earlier market references to White Bay, Aventura Mall and other projects.
Where is Master Group’s head office?
The official website lists the head office at Zizinia Business Park, Building no.9A, Fifth Settlement, New Cairo, Egypt, with the hotline 16929 and email info@lasheenholding.com.
How many units has Master Group delivered?
No verified public total is available for delivered units. This profile therefore does not publish a delivered-unit number and only mentions project-specific figures when they are clearly tied to a named project.