Modon Ras El Hekma

Ras El Hekma city sits around 350 kilometres north-west of Cairo. ADQ announced the appointment of Modon Holding as master developer on 4 October 2024, and set up the Ras El Hekma Urban Development Project Company as its supervising subsidiary.

⚠️ The published total area differs between two company-side sources: Modon Holding's October 2024 statement gives 170 million square metres, while the May 2026 joint announcement with Montage gives 170.8 million square metres. Both figures are published and Modon Holding has issued no reconciliation.

The company develops the 50 million square metre first phase, equivalent to roughly 12,000 feddan — two figures that reconcile arithmetically and are confirmed by two independent sources (Modon Holding's own statement and an Asharq/Bloomberg report). The remaining 120 million square metres are developed with partners from Egypt, the UAE and elsewhere under the same oversight.

According to Modon Holding, the city is expected to attract cumulative investment of USD 110 billion by 2045, contribute around USD 25 billion a year to GDP, create some 750,000 jobs and house two million people. These are developer projections, not achieved results.

⚠️ Several property portals circulate a list of 13 coastal precincts within the master plan: Wadi Yemm, The Groves, Canal Beach, Central Business District South, Wadi West, West Dunes, Central Business District North, VIP Community, North Point Island, Wadi East, Central Hills, Park Islands and Yemm Boulevard. That list comes from broker aggregation; we found no Modon-published version of it, so it is given here as an indication rather than a confirmed structure.

Total area

≈170.8 million m2

First phase

50 million m2 (≈12,000 feddan)

Distance from Cairo

≈350 km

Developer appointed

4 October 2024

Down payment

5%

Instalment term

8 years

⚠️ The figures in the table above do not agree across sources, and that is deliberate. one source publishes systematically lower starting prices than the other for several phases — the gap on Yemm Boulevard alone is about EGP 5 million. Live listings are usually fresher than marketing collateral, but the gap here is too wide to settle by preference, so both figures appear with their sources and no average is calculated.

Distinguish the developer price from the resale price: the first is the unit price directly from the company, the second is an asking price from a current owner and may sit below or above it depending on the phase and market conditions. The table shows developer prices unless stated otherwise.

Modon Holding has not published a single official public price list; what circulates comes from platform listings and marketing offices. For the current price of a specific unit with its area, floor and view, contact the sales team.

The masterplan carries more than 40 kilometres of green corridors linking the districts to each other and to the waterfront, per Modon Holding's data.

What you see above is the city at full scale. Each district's own plan sits on its own page, because locating a single unit on a plan this wide helps nobody.