With a project value of $12,000 million, the Qatari Diar - New Cairo City Gate Development - Egypt project was the largest Townhouses project in the Middle East and Africa, on which construction started in Q1 2022. The Qatari Diar - New Cairo City Gate Development - Egypt project is located in Egypt and initially announced in Q2 2020 with an estimated completion in Q4 2026. The Emaar – The Valley Development – Dubai project was the second-largest project with a project value of $6,806 million, on which construction work started in Q1 2022. The Emaar – The Valley Development – Dubai project is located in United Arab Emirates and initially announced in Q3 2019 with an estimated completion in Q4 2025.
The AARED/HPD – Gardenia City – Egypt project was the third-largest project, the Aldar – Al Gurm Development: Phase 2 – Abu Dhabi was the fourth-largest project, and the TWD - The Waterway North Coast – Egypt was the fifth-largest project with a project value of $1,635 million, $250 million and $213 million respectively. The AARED/HPD – Gardenia City – Egypt project located in Egypt was announced in Q1 2021 with an estimated completion in Q4 2027, the Aldar – Al Gurm Development: Phase 2 – Abu Dhabi project located in United Arab Emirates was announced in Q3 2021 with an estimated completion in Q2 2024 and the TWD - The Waterway North Coast – Egypt project located in Egypt was announced in Q1 2018 with an estimated completion in Q2 2026.
Among the five largest projects, the AARED/HPD – Gardenia City – Egypt project is the longest in terms of completion date, with construction expected to be completed in Q4 2027. On the other hand, the Aldar – Al Gurm Development: Phase 2 – Abu Dhabi project is the shortest in terms of completion date, with construction expected to be completed in Q2 2024.
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