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Five Palm Development

Five Palm Development

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Concept IMD is one of the largest real estate service companies, with extensive experience in the real estate development market. The company operates three branches, through which it has achieved sales exceeding 4 billion EGP.

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About

▪️ Five Palm Development was established in 2012 as a contracting company and has achieved strong, proven success on the ground, distinguished by fast execution of project timelines while adhering to the highest quality standards.

▪️ Board of Directors:

  • Eng. Yasser Raslan

  • Eng. Youssef Eissa

▪️ Chief Executive Officer:

  • Mr. Islam Shehata

▪️ The company has a strong portfolio of completed projects, including:

  • Ownership of Health Square Hospital in Sheikh Zayed

  • Strep Mall, spanning 44,000 sqm, scheduled to begin operations in 2026, featuring major international and local brands in 6th of October City

▪️ Five Palm Development has also executed and finished residential and commercial projects for Mabany Edris, including:

  • Compound Green 1 – Sheikh Zayed

  • Compound Green 2 – Sheikh Zayed

  • Compound Green 3 – Sheikh Zayed

  • Compound Green 4 – 6th of October

  • Compound Green 5 – 6th of October

  • Compound Green 6 – 6th of October

  • Koun – North Coast

  • Central Avenue Mall – Sheikh Zayed

  • Asayla Project – New Assiut

▪️ Additionally, the company has delivered residential and commercial projects in collaboration with leading real estate developers, most notably:

  • October Plaza Compound (SODIC)

  • Sodic Westown Compound (Block 6)

  • Aeon Towers (Marakez)

Projects in Hurghada include:

  • Sky Star Villas – Hurghada

  • Sky G Resort – Hurghada

▪️ The company has also constructed:

  • Dar Al Oyoun Hospital – Sheikh Zayed

  • More than 120 schools across Giza, Cairo, and Alexandria

  • Over 50 residential towers in Maadi and Katameya

  • Healthcare units, buildings, and military facilities

▪️ Five Palm Development owns an extensive portfolio exceeding 35 completed projects across 6th of October City, Sheikh Zayed, Northern Expansions, and West Somid.