Eng. Ashraf Boulos : Cornerstone Development to invest EGP 5 billion in the construction of RED-Water Villas & Floating Gardens in Mostakbal City during 2026 and 2027

Cornerstone Development has adopted an integrated plan to accelerate construction progress at its RED-Water Villas & Floating Gardens project in Mostakbal City, New Cairo.

Eng. Ashraf Boulos, Chairman and Managing Director of Cornerstone Development, revealed that the company plans to invest EGP 5 billion in construction work on the RED-Water Villas & Floating Gardens project in 2026 and 2027.

Cornerstone Development to invest EGP 5 billion in the construction of RED-Water Villas & Floating Gardens in Mostakbal City during 2026 and 2027

He sressed the companys commitment to accelerating construction across its projects to fulfil its obligations to clients and deliver units on schedule while maintaining the highest standards of quality.

He noted that the company collaborates with leading consultants on the development of its projects, paying meticulous attention to detail to deliver a distinctive, highest-quality product.

Mostakbal City

The RED-Water Villas & Floating Gardens project spans 60 feddans and comprises 750 units across a range of sizes and layouts. Cornerstone Development has built on only 17% of the projects total land area, despite a permitted building ratio of approximately 22%, in order to maximise green spaces, roads, services, and landscaped areas.

The New Capital

Meanwhile, Cornerstone Development is preparing to complete the full handover of its The Curve project in the New capital this year, reflecting the companys commitment to fulfilling its contractual obligations and delivering units on schedule.

Integrated plan in place to accelerate construction progress across the companys projects.

Eng. Ashraf Boulos said that since entering the Egyptian market, the company has adopted clearly defined strategies focused on rapid execution and the delivery of innovative developments that create added value to the real estate market, alongside measured expansion aligned with the states development vision and plans, as well as evolving customer needs.

The Curve spans 13 feddans and comprises approximately 550 residential units of various types.

The development was among the first projects launched in the R8 district of the New capital and occupies a prime location directly overlooking the Green River, close to the Mohammed Bin Zayed Axis, the airport, the Presidential Palace, and the government ministries.

The project consists of four clusters comprising 15 buildings, with a built-up area of 100000 sq m.

Collaborating with leading consultants to deliver developments to the highest standards of quality and execution.

Unit offerings range from apartments and duplexes to spacious penthouses featuring large open-plan layouts.

Cornerstone Developments approach to project development is centred on delivering contemporary designs aligned with the latest international standards, enabling residents to meet all their lifestyle needs while enjoying the highest levels of comfort in a healthy environment that incorporates the key elements of convenience and sustainability increasingly sought in modern real estate developments. 

The companys development philosophy aims to strike a balance between environmental preservation and the generation of attractive investment returns for project stakeholders.

Cornerstone Development is among the companies that have pioneered and successfully implemented a distinctive residential finishing model known as the “flexi finish” concept. This approach helps accelerate occupancy rates while maximizing investment returns across its developments.