"The Butterfly " project draws its design inspiration from the butterfly’s

wings, blending residential areas with breathtaking landscape and plenty of water

features in a visually appealing harmony.

Cairo, 8 September 2024 – Madinet Masr (stock code MASR.CA), one of

Egypt’s leading urban community developers, announced the launch of its latest

project, “The Butterfly,” by Minka a s ignature community by Madinet Masr. As an

exclusive boutique developer, Minka complements Madinet Masr’s offerings by

providing signature communities and innovative real estate products.

Strategically located on Al Amal Axis in Mostakbal City, the project represents

a new milestone in the company's successful journey, targeting sales of EGP 64

billion. The Butterfly exemplifies Madinet Masr’s commitment to

creating integrated, sustainable urban communities by blending premium design

with sustainability standards, all aimed at enhancing the quality of life for

its residents.

Spanning 187 acres, The Butterfly

elevates the concept of integrated communities by offering a serene natural

environment surrounding the residential units, enabling residents to enjoy a

peaceful and relaxing lifestyle. The project features luxurious residential

units with modern designs inspired by the modern Mediterranean architectural

style, overlooking landscape and water features, characterized by warm, natural

colors. The residential units include standalone villas between 175 and 240 sqm,

S-Villas with an area of 238 sqm and townhouses ranging from 245 to 256 sqm,

providing various options to meet residents' diverse needs.

The Butterfly boasts a unique design inspired by the shape

of butterfly wings, where residential areas blend seamlessly with the green

spaces and water features, enhancing both the visual appeal and functionality

of the project. These spaces are carefully designed to offer residents privacy

while maintaining easy access to the project’s all services and commercial

facilities. The project's vibrant commercial area is a standout feature of the

project, which spans a 729-meter frontage along Al Amal Axis, making it an

ideal destination for shopping, dining, and relaxation. The commercial area

offers a range of premium shops and fine dining restaurants catering to the

needs of both residents and visitors.

Commenting on the launch, Eng.

Abdallah Sallam, President and CEO of Madinet Masr, stated: “The launch of The

Butterfly marks a significant milestone in our ambitious expansion plans

and land portfolio diversification. This project represents the company’s first

investment in Mostakbal City, one of Egypt’s most promising new cities.” He

continued, “At The Butterfly, we’ve blended luxury with sustainability

by utilizing eco-friendly building materials and incorporating modern

technologies to optimize energy and water usage, reinforcing our commitment to

creating sustainable urban communities that meet the evolving needs of our

customers.”

The Butterfly sets a new standard for sustainable urban

development, utilizing innovative practices to achieve sustainability. These

practices include using eco-friendly building materials, energy-efficient

technologies, and water-saving methods, and adhering to sustainable

construction standards, aiming to create a balanced community.

The project features expansive green

spaces, water features, and facilities like a health club, community center,

and dedicated walking and cycling paths, making it an ideal environment for

balanced living amidst nature.

Located in a strategic location on Al

Amal Axis, the project is surrounded by several key cities, including the New

Administrative Capital, El Shorouk, and New Heliopolis, ensuring easy and quick

access. It has been meticulously designed to offer its residents the highest

standards of security and comfort, with thoughtfully planned entrances and

exits that ensure a safe and integrated living experience.

The launch of The Butterfly follows the announcement of a strategic

collaboration between Madinet Masr and Midar for Investment and Urban

Development to develop a mixed-use urban project on Al Amal Axis within

Mostakbal City. This partnership is part of Madinet Masr's commitment to

expanding residential projects that meet the needs of its customers, enhancing

their living experience with the highest standards of quality and luxury, and

contributing to Egypt’s economic growth.

-END-

About Madinet Masr

Madinet Masr, one

of Egypt’s leading urban community developers was established since 1959.

Headquartered in Cairo and listed on the Egyptian Exchange in 1996 (EGX),

Madinet Masr operates under a robust corporate governance structure and is

committed to delivering exceptional value to all its stakeholders. Rebranding

from Madinet Nasr to Madinet Masr in 2023, the company has become one of the

most innovative real estate brands in Egypt, capitalizing on a long and

successful track record of delivering distinguished and multi-functional

developments that drives growth in Egypt by developing sustainable communities.

Madinet Masr has become a prominent community developer and urban planner in

Egypt after developing Nasr City, the largest neighborhood in Greater Cairo

with a population of over three million people. Since then, It has actively

taken on large-scale projects to transform sizeable areas of land into

contemporary, integrated communities. Today, Madinet Masr has two well-known

mega developments which are Taj City and Sarai in East Cairo. Taj City, a 3.6

million sqm mixed use development positioned as a premier destination, and

Sarai a 5.5 million sqm mixed use development strategically located in front of

Egypt’s New Administrative Capital. Madinet Masr has launched Zahw in 2023, its

first expansion project outside of Cairo Governorate. Zahw is a 104-acre mixed

use development strategically positioned in west of Assiut Governorate beside

Assiut’s airport and 15-minute away from its center. Zahw compliments the

contemporary real estate products in Upper Egypt.

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