Nakheel is set to develop a new residential community in New Cairo, Egypt, following a partnership with the country’s Ministry of Housing.

Located on the southeastern edge of Cairo, the gated community will be developed over a nine-year period in partnership with the Ministry of Housing, and will feature 5,000 homes.

The compound, which neighbours the American University of Cairo, will offer residents a range of amenities, including parks, retail outlets, a mosque and a social club.

Nakheel New Cairo will also feature a number of schools, as well as medical and leisure facilities, all of which will be built with a focus on sustainability and energy efficiency.

The compound’s homes will be designed to appeal to a range of buyers, from young families to empty nesters, and will range in size from apartments to villas.

Construction on Nakheel New Cairo is set to commence in 2022, with the first phase of the development expected to deliver 1,000 homes by 2024.

Speaking about the development, Nakheel Chairman Ali Rashid Lootah said the project would create a “brand new community” that would “set new standards” for residential living in the country.

“This significant partnership with the Ministry of Housing underscores Nakheel’s commitment to developing and investing in Egypt’s real estate sector, and marks a major milestone in our growth in the country,” he said.

The Nakheel New Cairo development is the latest expansion by the Dubai-based real estate developer, which has a presence in a number of markets across the Middle East and Asia, and has delivered a number of high-profile residential and commercial developments, including the Palm Jumeirah development i