Waterway Developments is an Egyptian real estate developer founded in 2010 by Hossam Hassan and Ahmed El Sewedy. The company focuses on high-end residential, commercial, hospitality, and mixed-use communities in New Cairo, the New Administrative Capital, the North Coast, and Port Said, with a clear emphasis on boutique communities, refined design, and integrated services.
According to the official website, Waterway operates through multiple subsidiaries across real estate development, sales and marketing, facility management and maintenance, commercial retail destinations, construction and management, hospitality, and serviced apartments. The company’s published portfolio includes 11 commercial projects, 10 residential projects, 8 hotels, 661 acres, and 5,635 units. No verified public total is available for delivered units, so DeedGate does not record a delivered-units number for this developer profile.
Founding and Growth of Waterway Developments
The Waterway Developments was founded in 2010 around the idea of creating “boutique communities” that redefine luxury living in Egypt. Its official material describe the company as being driven by a team of business and real estate professionals, with founders Hossam Hassan and Ahmed El Sewedy playing central roles in shaping the brand’s strategic direction.
Hossam Hassan is presented by the company as a real estate figure who has driven successful projects for more than a decade before and through Waterway. Ahmed El Sewedy is described as a businessman with a track record in building strategies and brands, a perspective that helped Waterway expand beyond residential compounds into retail, hospitality, and serviced real estate concepts.
The company’s legal name is listed on waterway.eg as Idea Verde for Real Estate Investment Waterway, with a legal address at Unit 22A, North Investors Zone, New Cairo. The official hotline shown on the same website is 16516.
Key Projects by Waterway Developments
Waterway’s portfolio spans residential, commercial, and hotel projects in prime locations. Its strongest market position comes from combining strategic locations with architecture, landscape design, and long-term operational services.
Major Residential Projects
- Waterway New Cairo — New Cairo: one of the company’s best-known residential projects, built around boutique living, upscale units, green spaces, and internal services.
- The Waterway North Coast — North Coast: a Mediterranean coastal development with villas, townhouses, chalets, entertainment areas, and beachside services.
- Capitalway — New Administrative Capital: a mixed-use residential project in the New Capital and one of the company’s most visible east Cairo expansions.
- The View — New Cairo: a residential and mixed-use project near North 90th Street in the Fifth Settlement, listed by market platforms with apartments, duplexes, and penthouses.
- WBR, Downtown Port Said, and KAIRO — projects that add geographic and product diversity across New Cairo, Port Said, and newer communities.
Commercial and Hospitality Projects
- 5A — New Cairo: a retail and office destination. Invest-Gate reported that Waterway was preparing to operate the project as part of its 2021 expansion plan.
- The Hub — a service complex with clinics, retail, food and beverage, and office spaces, according to the official website.
- My Ōtel North Coast, My Ōtel The View, and Palma Hotel — hospitality and serviced-apartment concepts that reflect Waterway’s expansion into hotel operations.
Waterway Developments in Numbers
Waterway publishes a set of portfolio figures on its official website, but these figures do not separate sold, developed, and delivered units. They are therefore presented here as published portfolio numbers, while the delivered-units field remains empty until a verified delivered-unit total is available.
| Founded | 2010 |
| Founders | Hossam Hassan, Ahmed El Sewedy |
| Commercial projects | 11 projects according to the official website |
| Residential projects | 10 projects according to the official website |
| Hotels | 8 hotels according to the official website |
| Published land bank / area | 661 acres |
| Units in portfolio | 5,635 published units, not a verified delivered-units figure |
| Delivered units | No verified public total available |
| Hotline | 16516 |
Invest-Gate reported in November 2020 that the company had announced plans to pump EGP 13 billion into the Egyptian real estate market through three New Cairo projects, and that its total investments at the time stood at EGP 30 billion across a seven-project portfolio in Egypt, according to statements by the CEO of Equity, a Waterway subsidiary.
Vision and Specialties
Waterway’s official vision is to develop world-class real estate products across multiple real estate verticals while creating value for customers, corporate clients, and investors. Its mission focuses on continuous innovation and connecting people with their homes and communities.
- Luxury residential communities: particularly in New Cairo and the North Coast, where privacy, landscape, and integrated services are key design drivers.
- Commercial and administrative destinations: including 5A, The Hub, and The Drive, where Waterway’s role extends into retail and office operations.
- Hospitality and serviced apartments: reflected in the My Ōtel brand and hotel-related projects that support the company’s hospitality expansion.
- Facility management and maintenance: listed by the company as one of its service sectors, which is especially important for premium communities.
This range makes Waterway closer to a real estate development and operations group than a purely residential developer, especially as it expands into hospitality, retail destinations, and planned international projects.
Recent Updates and New Projects
As of 2026, the company’s official website presents KAIRO as its latest project, describing it as a new community where luxury, design, and world-class amenities meet. The same project list includes new or upcoming names such as Waterway West, W55, W Signature, and The Triangle, alongside hospitality concepts such as My Ōtel The View and My Ōtel W55.
On the coastal side, Property Finder lists The Waterway North Coast as a development in the Al Dabaa area, with construction started in September 2024 and expected completion in December 2027. In New Cairo, the same platform lists The View as a residential and mixed-use project near North 90th Street, with construction started in September 2024 and expected completion in 2029.
The official website also lists future international destinations under Waterway KSA, Waterway Libya, Waterway Slovenia, and Waterway Greece. These are presented as coming-soon destinations, so they should be treated as planned expansions rather than completed projects.
Frequently Asked Questions About Waterway Developments
When was Waterway Developments founded?
Waterway Developments was founded in 2010, according to the company’s official About Us page.
Who founded Waterway Developments?
The company’s official material identify the founders as Hossam Hassan and Ahmed El Sewedy.
What are Waterway Developments’ main projects?
Key projects include Waterway New Cairo, The Waterway North Coast, Capitalway, The View, 5A, WBR, Downtown Port Said, and KAIRO.
How many units has Waterway Developments delivered?
No verified public total is available for delivered units. The official website lists 5,635 units in the portfolio, but it does not explicitly describe them as delivered units.
Where is Waterway Developments headquartered?
waterway.eg lists the legal address as Unit 22A, North Investors Zone, New Cairo, and shows 16516 as the company hotline.