Serac Developments Projects in Egypt

About Serac Developments

Serac Developments is a rising name built on a partnership between businessman Tarek Soliman, founder of the Glamour jewelry group, a set of investors from the diamond trade, and partners from the UAE. The company is still early in its life as a developer, and its work so far follows two tracks: retail malls in New Cairo and the New Capital, and holiday villages on the North Coast.

According to the company, it also has Alora, a smaller village in Sidi Abdel Rahman with studios and chalets, and a City Hall mall in the New Administrative Capital.

How to evaluate a newer developer like Serac

With a developer that has not delivered many projects, focus on paperwork and the site rather than reputation. Ask to see the land contract or allocation decision, ask how far construction has actually progressed, and visit in person instead of relying on renderings. For a chalet in Shamasi, check the real distance from your unit to the sea, the type of beach, and whether there are annual fees for summer services.

For shops in City Hall 90, compare price per square meter with nearby malls on 90th Street and ask who will operate the mall. In any contract with this Serac developer, read the late-delivery penalty closely, and tie your installment schedule to construction milestones where you can.