IWAN Developments — Founder, Projects, Prices and Contact
IWAN Developments is an Egyptian real estate developer that began operating in 2004 or 2005, depending on how public sources word it. Its official website presents the company as a developer with a portfolio of ten residential projects alongside coastal, administrative and commercial developments, and its channels identify engineer Waleed Mokhtar as founder and CEO.
IWAN Developments has been active since the mid-2000s under founder and CEO Waleed Mokhtar. Its projects are Alma, Atrio and Jeera in Sheikh Zayed, Jedar, Jubail and Vida in Sixth of October, Majada in Ain Sokhna and The Axis developments in West Cairo. The listed office number is +20 2 3335 3948; the short code 16547 appears only in an external directory and needs direct verification.
Who is IWAN Developments?
IWAN Developments is an Egyptian development company that began operating in 2004 or 2005, depending on the wording used across public sources. Its official website presents the company as a developer holding a portfolio of ten residential projects alongside coastal, administrative and commercial developments. Company channels identify engineer Waleed Mokhtar as founder and CEO.
Quick facts
| Item | Detail |
|---|---|
| Name | IWAN Developments |
| Published start of activity | 2004, while a social page states 2005 |
| Founder and CEO | Engineer Waleed Mokhtar |
| Head office listed with the Egyptian Businessmen’s Association | Villa 3, Ismailia Street off Michel Bakhoum, Dokki, Giza |
| Listed office telephone | +20 2 3335 3948 |
| Official website | iwandevelopments.com |
A one-year discrepancy in the founding date calls for the wording “operating since the mid-2000s” whenever a precise legal incorporation date is not required.
Flagship projects
Alma, Atrio and Jeera — Sheikh Zayed
Alma is a project of roughly 28 feddans according to Nawy, Atrio is around 19 feddans, and Jeera sits in the Zayed and New Zayed area. All three are independent, and their inventory must not be merged under a single page called IWAN Sheikh Zayed.
Jedar, Jubail and Vida — Sixth of October
The West Cairo portfolio contains communities that differ in product and phase. Marketplaces show high prices for some ready villas in Jubail and Jeera, while smaller units or newer phases in Vida may show a lower starting price — which is why an “average IWAN price” is a misleading number.
Majada — Ain Sokhna
A coastal destination with studios, chalets and villas. Studio prices must be separated from villa prices, and price ranges published in 2022 must not be reused as current figures.
The Axis and Axis 3 — West Cairo
Residential projects requiring separate fields for phase and delivery date. Whether the name refers to a project or an extension should be documented before a final canonical is created.
Observed prices, August 2026
- The developer’s Property Finder page showed Jeera with an observed launch price starting from about EGP 55 million for the villas listed.
- Jubail appeared with an observed launch price from about EGP 32 million.
- Another market source showed IWAN projects with varying starting points, including about EGP 4.2 million for some inventory and Alma from about EGP 25.91 million; the unit and phase must be reviewed before publication.
- The Majada range of EGP 1.295 million to EGP 37.039 million was published in a 2022 Nawy article, so it belongs in a price-history section only.
Official and verified contact
- Official website: iwandevelopments.com
- Head-office telephone listed in the Egyptian Businessmen’s Association member directory: +20 2 3335 3948.
- Email listed in the directory: n.anis@iwandevelopments.com.
The number 16547 appears in an external hotline directory but did not appear clearly on the official page reviewed here, so it needs direct verification before being labelled the official hotline in the database.
Frequently asked questions
1Who founded IWAN Developments?
Engineer Waleed Mokhtar, described by the company’s channels as founder and CEO.
2What are IWAN’s best-known projects?
Alma, Atrio, Jeera, Jedar, Jubail and Vida in West Cairo, and Majada in Ain Sokhna, alongside commercial and administrative projects.
3Are the old Majada prices still valid?
That cannot be assumed. The range quoted comes from a 2022 article and should be treated as a historical record only.
Verify developer channels and legal contracts directly before making any purchase commitment.
Internal links
Real Estate Developers in Egypt — Complete Master Directory 2026
The master guide to Egypt's leading real estate developers: sorted by market, asset type, track record, and verified credentials.
Read moreSheikh Zayed City Real Estate — Districts, Projects and Prices
A detailed guide to established Sheikh Zayed City: key residential compounds, commercial hubs, active developers and pricing.
Read moreNew Zayed Real Estate — Location, Projects and Prices
Guide to the New Zayed expansion: master developments by SODIC, ORA, and Emaar Misr, Sphinx airport access, and price benchmarks.
Read moreDeveloper Sale vs Resale in Egypt — Financial & Legal Comparison
A practical guide comparing primary developer purchases against secondary resale: down payments, payment plans, transfer fees, and risks.
Read moreReal Estate Payment Plans in Egypt — How to Calculate True Cost & Compare
A financial guide to installment schemes in Egypt: down payments, cash discounts, handover balloon payments, and maintenance deposits.
Read moreDeveloper projects
5 projects. Prices as observed at collection time and subject to change.
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