Magna Developments شركة ماجنا للتطوير العقاري was established in 1998 following the merger of several companies: Brand Build, SMS, FME, and YBA. Under the chairmanship of Mr. Faisal Khalil and the Managing Director Mr. Hassan Zaidan, it has become a leading company in the real estate sector.
Additionally, it is credited with the completion of the design phase for the eastern section of all projects in the New Capital, featuring landmarks like Misr Mosque and Souq Al Dahab. For about 20 years, Magna Developments has built a strong track record, securing the trust of a vast number of investors and those interested to buy upscale units.
Moreover, Magna Developments has garnered the confidence of prime state institutions by securing the rights to develop infrastructure and roads in the Roubiki Industrial Area, one of the national projects and among the state’s major projects in the New Capital.
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One of Magna Developments projects in the New Capital is the magnificent Mall Cubes Tower, located in Downtown. The tower offers a splendid view of Misr Mosque and Souq Al Dahab. One of its notable features is its proximity to vital areas and ease of accessibility. It’s a few minutes from the monorail station and North Bin Zayed Axis.
Cube Tower New Capital comprises 3 uniquely designed towers in the shape of cubes. Each tower has a ground floor and 10 additional floors. Every tower has its specific function, whether commercial, administrative, medical, or hotel-related. Magna Developments introduces Cubes Tower with units starting from 30 m2.
The price per meter of units for sale in Mall Cubes Tower New Capital starts from 23,000 EGP, and clients can buy units with overall prices starting from 2,400,000 EGP at Magna Developments projects. To book units, interested buyers are required to pay 5% down payment and installments of the rest over 12 years.
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Magna recognizes the significance of collaborations in the real estate sector. Throughout its journey, it has partnered with various entities. YBA, an architectural consultancy firm, is the designer of Cubes Tower New Capital. Magna Developments has also cooperated with ARMAN Hotel Group for the supervision of hotel apartments in Cubes.
Continuing its success, Magna has announced its recent collaboration with FME services group. For the management and operation of projects, it has formed a significant partnership with EGYPRO FME and Brand Build for Business Consultancy to oversee future Magna Developments projects.