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Assem El-Gazzar launches first projects under ÈLM Developments

Businessmen Team realestates 24 August 2025 05:22 PM
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Assem El-Gazzar launches first projects under ÈLM Developments

Former Minister of Housing, Assem El Gazzar, launched the first project for ÈLM Real Estate Development Company, where he serves as the non-executive chairman.

The residential project, "ÈLM Tree," is located in the northern part of 6th of October City and has an investment value of 10 billion Egyptian pounds ($324 million).

The project spans 58 feddans, with 32 feddans dedicated to low-density residential units, including apartments and duplexes, surrounded by expansive green spaces.

Green areas constitute 80% of the project's total area, which also includes a 7-feddan park, El Gazzar said.

Founded in 2024, ÈLM Real Estate Development specializes in designing and constructing residential, commercial, and mixed-use projects.