Nasdaq Real Estate Development Company, also presented as Nasdaq Urban Development, is a privately held Egyptian property developer. Real estate sources identify Eng. Ashraf Yassin as its leader. Its publicly documented activity is concentrated in West Cairo, and Tabeaa Residence in Hadayek October is the only project that could be verified as part of its portfolio. No reliable public founding year or verified company-wide total for delivered units was available as of August 5, 2026.
The company requires particular due diligence because of an administrative and legal development affecting Tabeaa’s land. On June 17, 2026, reports said the Hadayek October Development Authority executed a decision to withdraw an approximately 60-feddan plot in Area 35 south of Al Wahat Road, allocated to the project, over unpaid state dues. On June 20, the company said the file was under active review through formal meetings and procedures with the relevant authorities and that it was working to protect customer rights. No later verified announcement confirming reversal or final settlement was found by the date of this profile.
Nasdaq Urban Development Background and Management
The business appears on its professional page as Nasdaq Urban Development. LinkedIn classifies it as a privately held real estate company with a stated company size of 51 to 200 employees. The page does not provide a founding year or a detailed corporate timeline, and no independent official website presenting legal and financial history was found during this review.
Several Egyptian property platforms identify Eng. Ashraf Yassin as the person leading the company and attribute more than 15 years of construction and real estate development experience to him. That figure describes the executive’s professional experience, not necessarily the age of Nasdaq as a corporate entity. DeedGate therefore leaves the founding-year field blank rather than converting an individual’s experience into an unsupported establishment date.
Nasdaq Developments Projects
The reviewed sources consistently identify one principal project directly associated with the company: Tabeaa Residence in Hadayek October. Some marketing pages make general references to earlier experience or projects without naming developments that can be independently checked. Those claims are not included in the verified portfolio. Listing one confirmed project is more accurate than filling the page with unsubstantiated names.
Tabeaa Residence October
Tabeaa Residence is presented in Area 35 south of Al Wahat Road in Hadayek October, near the intersection of Al Wahat Road and the 26th of July Corridor. Market material places it close to MSA University and major retail and service destinations in West Cairo, connecting the site to 6th of October City, Sheikh Zayed and routes toward Greater Cairo.
The advertised project area is approximately 60 feddans. The master plan is described as a low-density community allocating most of the land to landscaping, lakes and pedestrian routes. Marketing sources vary on the detailed property mix, but the most consistent inventory includes one-, two- and three-bedroom apartments ranging from approximately 64 to 170 square metres. Other listings extend the range to 200 square metres and mention additional property types. Buyers should rely on a stamped current inventory schedule rather than mixed online descriptions.
Property platforms had shown construction starting in December 2025 and target delivery in the fourth quarter of 2028, together with several payment plans. These were commercial schedules, not independent guarantees. The June 2026 land development makes confirmation of the present legal position and construction program essential before evaluating delivery timing or paying further amounts.
Current Status of Tabeaa’s Land
On June 17, 2026, press reports said the Hadayek October Development Authority executed a decision to withdraw an approximately 60-feddan plot in Area 35 south of Al Wahat Road from Nasdaq because state financial dues had not been paid. A later report explicitly identified the land as the plot allocated to Tabeaa Residence.
On June 20, media published the company’s response. Nasdaq said management was following the file directly with the competent authorities through ongoing formal procedures and meetings, and described protection of customers’ contractual rights as a priority. It also promised to announce developments and assigned hotline 17611 for customer enquiries. The published response did not state that a final decision restoring the land or cancelling the withdrawal had already been issued.
As of August 5, 2026, no newer official public decision resolving the matter in the company’s favor or confirming restoration of the allocation was found. The project status should therefore be independently verified. A buyer should request a recent written statement from the city authority showing the legal position of the plot instead of relying only on a sales offer or verbal assurance.
Verified Nasdaq Company Data
| Company type | Privately held |
| Reported leadership | Eng. Ashraf Yassin, according to property sources |
| LinkedIn company size | 51-200 employees |
| Founding year | Not stated in an available official source |
| Verified projects | Tabeaa Residence |
| Advertised project area | Approximately 60 feddans |
| Delivered units | No verified public total |
No verified awards, completed-project count or delivered-area figure was found for the company. Tabeaa was still described as under development in commercial material, so its planned inventory cannot be counted as units already handed over.
Development Approach and Specialisation
Tabeaa’s published material suggests that Nasdaq focuses on lower-density residential communities in West Cairo, with open areas, daily services and apartment sizes suited to different household needs. The plan includes landscaping, water features, walking routes, fitness facilities, a clubhouse and a retail component. Delivery of these facilities remains dependent on legal approvals, actual construction and the final execution program.
Checks Before Contracting with Nasdaq
- Request a recent direct statement from the Hadayek October authority on the plot allocation after the June 2026 decision.
- Review ministerial approval, licenses, plot boundaries and their connection to the selected unit.
- Check whether an escrow account or another clear mechanism protects customer payments while the land file remains unresolved.
- Have an independent lawyer review cancellation, refund, delay and compensation clauses.
- Inspect the site and compare actual works with the written construction schedule.
- Do not rely on old prices or delivery dates without a current official update.
Frequently Asked Questions About Nasdaq
Who is Nasdaq Developments?
It is a privately held Egyptian developer also known as Nasdaq Urban Development. Tabeaa Residence in Hadayek October is its main publicly verified project.
When was Nasdaq established?
No reliable founding year was found in the official public sources reviewed, so DeedGate does not publish an estimated year.
What is the status of Tabeaa’s land?
Execution of a withdrawal decision was reported on June 17, 2026. The company said on June 20 that the file was under formal review. No verified final resolution was found by August 5, 2026.
How many units has Nasdaq delivered?
No verified public total is available for delivered units, so the field is left blank.