Elm Tree October is a low-density residential compound by Elm Developments on the Boulevard axis of New October, spread across 58 acres with a built-up footprint capped at 15%. The project carries an ownership profile that no other launch in the October market can claim: it belongs to Dr. Assem El Gazzar, Egypt’s former Minister of Housing, Utilities and Urban Communities, and Dr. Yasser Abdel Maksoud, a sitting member of the Senate and the producer of the Egyptian edition of Shark Tank. That combination of housing-policy experience and investment capital shapes how the compound was planned, priced, and marketed.
Unit prices at Elm Tree October start from EGP 4,851,000 for a one-bedroom apartment, and the developer offers five payment structures that include a zero-down-payment plan over 6 years. Buildings rise no higher than ground plus two floors, the masterplan is signed by the architect Moharram Bakhoum, and handover is scheduled for 2029 on a Core & Shell basis. The sections below break down each of those attributes with the numbers a buyer needs to compare the compound against its neighbors on the same axis.
Who owns Elm Tree October and who is Elm Developments?
Elm Tree October is owned and developed by Elm Developments, a company founded in 2024 by Dr. Assem El Gazzar, the former Minister of Housing, and Dr. Yasser Abdel Maksoud, Senate member and producer of Shark Tank Egypt. The compound is the company’s first project, so the firm’s entire reputation in the Egyptian market rests on delivering it on schedule and to specification.
The two founders bring different kinds of weight to the project. Dr. El Gazzar ran the ministry that supervises the New Urban Communities Authority, the body that allocates land, approves masterplans, and licenses compounds in cities such as 6th of October. Dr. Abdel Maksoud comes from the investment and media side, with a background in funding early-stage businesses and a current seat in the legislature. Buyers who follow the October market will recognize how unusual it is for a debut developer to arrive with that level of institutional familiarity.
A first project also carries a specific incentive structure. Elm Developments has no earlier compound to point to, which means the delivery track record that established names such as Mountain View or Palm Hills use as a selling point does not yet exist here. In exchange, the company concentrates its full management attention and marketing budget on a single site, and the founders’ public profiles make a delayed or downgraded delivery reputationally expensive. Buyers should weigh both sides of that trade rather than reading the ownership as a guarantee.
A 58-acre masterplan with only 15% built-up area
The masterplan of the compound spans 58 acres, of which buildings occupy 15% and the remaining 85% goes to landscaping, water features, walking routes, and shared facilities. Elm Developments commissioned Moharram Bakhoum, the architect and consultant behind several large residential compounds across Greater Cairo, to design the site. His plan keeps every residential block at ground plus two upper floors, which removes tower massing entirely and lets most apartments open onto greenery rather than onto a facing building.
Spacing between buildings ranges from 32 m at the narrowest point to 55 m at the widest. For context, many mid-market October compounds place buildings 15 to 25 m apart, so the Elm Tree standard roughly doubles the typical separation and improves both privacy and natural light for lower-floor units. The compound operates two separate main gates to split inbound and outbound traffic, a detail that matters for a site with a single-axis frontage on the Boulevard.
Two open areas anchor the plan. A clubhouse of 10,000 m² holds the reception lounge, restaurants, and gym, while a central park of 30,000 m² threads jogging and walking tracks through the middle of the site. Together those two zones cover about 40,000 m², or roughly 16% of the total land, before any of the smaller pocket gardens, pools, and courts are counted. A green-space ratio of 85% puts Elm Tree in the low-density tier of New October, and that attribute tends to show up in resale pricing years after handover more than it shows up in the launch price.
Where is Elm Tree October located?
Elm Tree October sits directly on the Boulevard axis in New October, 6th of October City, facing Mountain View iCity October and adjacent to Zat Community and Jirian on the same road. The site is 5 minutes by car from the Dahshour Link and the Shooting Club, and 10 minutes from Mall of Arabia, the largest retail destination in west Cairo.
| Destination | Distance or drive time from Elm Tree October |
|---|---|
| Dahshour Link (Waslet Dahshour) | 5 minutes by car |
| Shooting Club, 6th of October | 5 minutes by car |
| Mall of Arabia | 10 minutes by car |
| Mountain View iCity October | Directly opposite, across the Boulevard |
| Zat Community and Jirian | Adjacent, same axis |
| Sheikh Zayed and Beverly Hills | Short drive north via the Dahshour Link |
The Boulevard axis is the spine of the northern New October expansion, the strip where Mountain View, Zat Community, and Jirian established a pricing benchmark before Elm Developments acquired its plot. Placing Elm Tree opposite Mountain View iCity October matters for two practical reasons. First, buyers already treat that stretch as a settled upscale address, so the compound does not need to convince the market that the area works. Second, the surrounding infrastructure (roads, utilities, and commercial strips) has been built or contracted for the neighbors, which shortens the period during which early Elm Tree residents would live in an unfinished district.
The Dahshour Link connects the site to Sheikh Zayed in one direction and to the Cairo-Alexandria Desert Road and the 26th of July Corridor beyond it, which is the route most residents would use toward Mohandessin and Downtown Cairo. The Shooting Club and Mall of Arabia sit inside the older, denser core of 6th of October, so daily errands, the Sphinx International Airport corridor, and the city’s hospitals and international schools are within a 10 to 15 minute radius. In short, Elm Tree October occupies a mature residential cluster rather than a frontier plot, and the price comparisons later in this page reflect that.
Unit types, sizes and prices at Elm Tree October
The compound offers three product families: apartments from one to three bedrooms, three-bedroom penthouses, and two villa lines named Tree Villa Garden and Tree Villa Roof. Apartment sizes begin at 68 m² and run to 162 m², penthouses reach 210 m², and villas are sold with either a private garden at ground level or a private roof terrace on the upper floor. The table below lists every type with its size range, price, and average price per square meter, updated for 2026.
| Unit type | Bedrooms | Size (m²) | Price (EGP) | Average price per m² |
|---|---|---|---|---|
| Apartment | 1 | 68 | 4,851,000 | 71,500 |
| Apartment | 2 | 112 to 118 | 6,312,000 to 8,797,000 | 70,000 |
| Apartment | 3 | 132 to 162 | 8,336,000 to 11,172,000 | 67,000 |
| Penthouse | 3 | 184 to 210 | 13,382,000 to 15,162,000 | 72,500 |
| Tree Villa Garden | 2 | On request | From 9,746,000 | On request |
| Tree Villa Garden | 3 | On request | From 12,365,000 | On request |
| Tree Villa Roof | 3 | On request | From 12,515,000 | On request |
The one-bedroom apartment of 68 m² is the entry ticket at EGP 4,851,000 and targets single professionals, young couples, and investors who want a small rental unit in a compound where most stock is family-sized. Two-bedroom apartments between 112 and 118 m² are priced from EGP 6,312,000 to EGP 8,797,000, with the spread driven by floor level and orientation toward the central park. Three-bedroom apartments of 132 to 162 m² sit between EGP 8,336,000 and EGP 11,172,000 and form the core family product in the compound.
Penthouses occupy the top floor of the ground-plus-two blocks at 184 to 210 m² and are priced from EGP 13,382,000 to EGP 15,162,000. Because no building rises above three levels, a penthouse here has an unobstructed line of sight over the 30,000 m² park rather than over a neighbor’s roof. The Tree Villa Garden line starts at EGP 9,746,000 for two bedrooms and EGP 12,365,000 for three, while the Tree Villa Roof starts at EGP 12,515,000 for three bedrooms. Villa sizes have not been released in the developer’s public price list, so buyers should request the specific plan before comparing per-meter value against the apartments.
What is the price per meter at Elm Tree October?
The average price per meter at Elm Tree October ranges from EGP 67,000 for three-bedroom apartments to EGP 72,500 for penthouses, with one-bedroom units at EGP 71,500 and two-bedroom units at EGP 70,000. These 2026 figures are installment prices; cash buyers receive discounts of up to 40% on larger units and 25% on one-bedroom apartments.
The per-meter curve at Elm Tree follows the usual pattern in which small units carry a premium and larger apartments become cheaper per square meter, with the exception of penthouses, which are priced above everything else because of their top-floor position and terrace area. The gap between the cheapest and most expensive apartment rate is under EGP 5,000 per m², a narrow band that suggests the developer is pricing the whole compound as one tier rather than segmenting sharply by unit type.
Against its immediate neighbors on the Boulevard axis, the EGP 4,851,000 starting price places Elm Tree October squarely in the competitive middle. O Nine October opens at EGP 4,570,000, Ashgar City at EGP 4,663,000, and West Days at EGP 5,000,000. The difference between those projects is not the headline price but what it buys: a 15% built-up ratio, 32 to 55 m between buildings, and an ownership structure that most October buyers will regard as lower-risk than an anonymous newcomer. Those three attributes are what a resale buyer in 2030 will pay for, which is why the launch price should be read alongside the density figures rather than in isolation.
Elm Tree October payment plans and installment periods
Elm Developments publishes five payment plans for the compound, and every one of them begins with a refundable reservation deposit of EGP 100,000. The plans move from zero down payment with the shortest term to a 15% cumulative down payment with the longest term, so a buyer effectively chooses between preserving cash today and lowering the monthly installment.
- 0% down payment: equal installments over 6 years with no initial payment beyond the reservation deposit.
- 5% down payment: installments over 7 years.
- 5% down payment plus 5% after 3 months: installments over 8 years.
- 7.5% down payment: installments over 9 years.
- 10% down payment plus 5% after 1 year: installments over 10 years, the longest term available.
Cash purchases are priced separately. The developer applies a 40% discount on two- and three-bedroom apartments and a 25% discount on the one-bedroom unit when the full price is settled upfront, which is a wider cash spread than most October developers publish and reflects how much of the installment price is a financing cost. Two further charges apply on top of the unit price under every plan: a maintenance deposit of 10% of the unit value, and a clubhouse membership fee of EGP 200,000 payable at contract signing. Prices and terms are set by the developer and can change with market conditions, so buyers should confirm the current sheet before reserving.
Worked example: a buyer taking the 68 m² one-bedroom apartment at EGP 4,851,000 on the zero-down plan pays the EGP 100,000 reservation, then spreads the full price over 6 years, or roughly EGP 808,500 per year before the maintenance deposit and club fee. The same unit on the 10-year plan requires about EGP 485,100 up front in year one plus a further EGP 242,550 after 12 months, in return for annual installments near EGP 412,000. The choice between those two schedules depends on whether the buyer values liquidity now or a lighter recurring commitment through the 2029 handover and beyond.
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Can you buy at Elm Tree October with no down payment?
Yes, Elm Tree October offers a zero-down-payment plan in which the buyer pays only the refundable EGP 100,000 reservation deposit and then settles the unit price in equal installments over 6 years. The option applies across unit types and is uncommon among October compounds priced in the EGP 4.5 to 5 million bracket.
The trade-off is the term length. Six years is the shortest schedule in the compound, so the zero-down plan produces the highest annual installment of the five options. Buyers who need to protect cash for finishing costs after the Core & Shell handover in 2029 often prefer one of the longer plans, since the 10-year schedule spreads the same principal over roughly 67% more time in exchange for a 15% cumulative down payment.
Finishing standard and 2029 delivery at Elm Tree October
Units at Elm Tree are delivered Core & Shell in 2029, which means the structural frame, external facades, and shared infrastructure are complete while interior finishes, flooring, kitchens, and bathrooms are left for the buyer. A contract signed in 2025 or 2026 therefore carries a waiting period of roughly 3 to 4 years, followed by the buyer’s own fit-out phase before the unit is habitable or rentable.
Core & Shell delivery cuts both ways. It lowers the purchase price relative to a fully finished equivalent and gives owners complete control over layout partitions and material quality, which is why it appeals to end-users with strong design preferences and to investors who plan to finish to a rental specification. It also means the published price is not the total cost of moving in. Buyers should budget a separate finishing allowance, typically estimated per square meter at the time of handover, and add the 10% maintenance deposit and the EGP 200,000 club fee to arrive at the real all-in figure.
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The 2029 date also defines who the compound suits. A family that needs to move within 12 to 18 months is better served by a ready or near-ready project in the same district, whereas a buyer who is comfortable holding through 2029 gains the full benefit of launch pricing and the longest installment plans. Elm Developments has not published a contractual delay-penalty clause in its public materials, so buyers should ask for the delivery guarantee terms in the preliminary sales contract before signing.
Amenities and services inside Elm Tree Compound 6 October
Elm Developments groups the facilities at Elm Tree Compound 6 October into three layers: leisure and sport, daily services, and security. The leisure layer is the largest because the masterplan reserves 85% of the 58 acres for open space, and the 10,000 m² clubhouse and 30,000 m² central park account for most of that programmed area.
Leisure and sport
- Clubhouse of 10,000 m² with a reception lounge, restaurants, cafés, and a fully equipped gym.
- Central park of 30,000 m² with dedicated walking and jogging tracks.
- Separate swimming pools for adults and children.
- CrossFit zones and professional padel tennis courts.
- Yoga area and landscaped relaxation zones.
- Secured children’s play area designed for younger age groups.
Daily services
- Internal commercial area with retail shops and cafés for day-to-day needs without leaving the gates.
- Multi-purpose halls for events, meetings, and celebrations.
- Shaded, secured parking areas.
- Scheduled cleaning and maintenance of shared areas and gardens, funded through the 10% maintenance deposit.
Security
- 24-hour guarded security at both main gates and on patrol inside the compound.
- Surveillance cameras covering all public facilities and entrances.
The list is notable for what it prioritizes. There is no school, hospital, or hotel component announced inside the compound, which is consistent with a 58-acre residential plot rather than a self-contained city. Elm Tree instead relies on the surrounding district for those services, an approach that works on the Boulevard axis because Mountain View iCity, Zat Community, and the older 6th of October core already supply schools, clinics, and large-format retail within a 10-minute drive. The internal commercial strip and clubhouse are sized for residents’ daily use, not as regional destinations.
What is the difference between Tree Villa Garden and Tree Villa Roof?
Tree Villa Garden at Elm Tree October comes with a private garden attached to the unit at ground level, while Tree Villa Roof comes with a private roof terrace on the upper floor that can be furnished as an outdoor living space. Garden villas start from EGP 9,746,000 for two bedrooms; roof villas start from EGP 12,515,000 for three bedrooms.
The two lines serve different households. A garden villa suits families with young children or pets who want direct access to lawn from the living room, and it benefits most from the 32 to 55 m building spacing because that gap becomes usable private green rather than a view of a facing wall. A roof villa suits buyers who prefer elevated privacy and a panoramic outlook over the park, with an outdoor area that stays out of sight from neighbors at ground level. Both lines share the same Core & Shell handover in 2029 and the same five payment plans, so the decision rests on lifestyle rather than on financing terms.
How Elm Tree October compares with its neighbors on the Boulevard axis
The Boulevard axis holds a cluster of compounds that compete for the same buyer, and the useful comparison is on density and product rather than on starting price alone. Mountain View iCity October, directly opposite, is a large multi-phase project by Mountain View with a mature community and higher entry prices for equivalent apartment sizes; its scale delivers more internal services but also more residents per acre. Zat Community and Jirian, adjacent on the same road, have already set the district’s resale benchmarks and give Elm Tree buyers a visible reference for what a finished unit trades at.
On price, O Nine October at EGP 4,570,000, Ashgar City at EGP 4,663,000, and West Days at EGP 5,000,000 bracket the Elm Tree entry point of EGP 4,851,000 within a band of under EGP 450,000. Where Elm Tree separates itself is the 15% built-up ratio and the ground-plus-two height cap, since several of those competitors run denser plans with taller blocks. A buyer comparing on a per-meter basis should therefore ask each developer for its building spacing and floor count, because those two numbers explain most of the future resale gap between compounds that look similar on a price sheet today. Compared with other compounds in 6th of October, Elm Tree is one of the few at this price that publishes both figures.
Is Elm Tree October a good investment?
Elm Tree October offers four fact-based investment supports: an ownership structure led by a former Housing Minister and a Senate member, a 15% built-up ratio with 32 to 55 m between buildings, a location opposite Mountain View iCity October inside a mature residential cluster, and a unit mix from 68 m² apartments to garden villas that serves two distinct buyer and tenant segments.
Each of those supports maps to a specific risk or return. The founders’ profiles reduce the administrative and licensing risk that typically accompanies a debut developer, because the people responsible for the project understand the approval process from the regulator’s side. The low density is the attribute most likely to translate into a resale premium, since low-rise, widely spaced compounds are scarce in New October and scarcity holds value better than finishing quality does. The mature location means the surrounding roads, retail, and schools do not depend on Elm Tree’s own timeline, so the area’s rental demand exists before the compound is delivered. And the unit mix from a 68 m² one-bedroom to a three-bedroom garden villa widens the pool of future buyers and tenants inside the same gates, which improves liquidity when an owner wants to exit.
The known risks are equally concrete. Core & Shell handover in 2029 means capital is committed for roughly four years with no rental income, and the buyer then funds interior finishing before the unit can produce a return. The developer has no completed project, so execution quality is unproven regardless of who the founders are. Cash buyers should also note that a 40% discount on installment prices implies the financed price contains a substantial premium, which affects how the unit should be valued if it is resold before the plan is fully paid. For those reasons, the compound suits a long-horizon investor or an end-user who can wait until 2029, and it suits neither a buyer seeking immediate occupancy nor one looking for short-term flipping before handover.
Who fits best: families with a budget between EGP 8 and 12 million who want a three-bedroom apartment or garden villa in a low-density setting and can plan a 2029 move; investors targeting the one- and two-bedroom apartments as long-term rental stock in a district with established tenant demand; and buyers who specifically prefer Core & Shell so they can control finishing quality. Who fits less well: buyers who need a ready unit, who prefer a developer with a delivered portfolio, or who want a fully finished handover with no further outlay. This analysis is guidance based on the figures stated above, not investment advice, and actual returns depend on market conditions at the time of sale or letting.
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Summary of Elm Tree October
Elm Tree October combines an unusual ownership identity, a low-density plan of 15% buildings on 58 acres designed by Moharram Bakhoum, and five payment plans that include a zero-down option over 6 years. Prices from EGP 4,851,000 place it in the competitive band of the Boulevard axis, with Core & Shell handover in 2029 and a location facing Mountain View iCity October.
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