Karnak Real Estate Developments

Karnak Real Estate Developments is a company that began in the early 1990s with residential projects in Alexandria. West Capital lists its West Cairo project, Belva Sheikh Zayed, an apartment and duplex compound on about 18.5 feddans next to Hyper One.

About Karnak Real Estate Developments

The company states that it has developed about 400,000 sqm and delivered about 3,150 units, with about 2,560 more under way. Its earlier work includes Vitali Mall in New Cairo, Smouha Elite and Al Muntazah Elegance in Alexandria, and Pyramids Mall in Giza. Its experience therefore spans residential and commercial projects, and both Alexandria and Greater Cairo.

Belva is its entry into Sheikh Zayed, developed with engineer Raef Fahmy as design consultant. The company’s record in Alexandria helps a buyer, because it allows a visit to projects that were actually delivered, to see the execution on site.

Karnak projects on our site

What sets Belva Sheikh Zayed apart

The project is made up of buildings of ground floor plus five floors on about 18.5 feddans, and buildings take up only about 19% of it, with the rest given to gardens and services. Payment plans range from a 5% down payment with 6 years, to 10% with 7 years, to 15% with 8 years, plus a reservation with no down payment over 4 years. All are interest-free, with an 8% maintenance deposit.

How we help you deal with Karnak

The units available in any project change constantly, so we follow up with the company on the apartments and duplexes on offer, send you the size, floor and updated price, and then calculate the monthly installment on the plan that suits you. Before contracting we review the handover schedule, the late-delivery terms, the finishing level and the maintenance deposit with you, arrange a site visit, and compare Belva with neighboring apartment compounds such as Zia Park and Valea.

Before dealing with any developer

• Ask for the handover date and the late-delivery penalty in writing in the contract.
• Review the finishing specifications and what the price includes.
• Ask about the actual down payment, the deferred payments and the maintenance deposit.
• Visit the site and compare what you see with the plans and pictures.

Browse Sheikh Zayed projects for comparison, and read Apartments for sale in Sheikh Zayed with installments 2026.

Frequently asked questions about Karnak Real Estate Developments

When did Karnak Real Estate Developments begin?

In the early 1990s, starting with residential projects in Alexandria.

Which Karnak project does West Capital list?

Belva Sheikh Zayed, an apartment and duplex compound on about 18.5 feddans next to Hyper One.

How much do prices at Belva Sheikh Zayed start from?

From about EGP 4 million for a one-bedroom apartment as of November 2026, with a down payment from 5% and installments up to 8 years.

Ask about this developer’s projects on WhatsApp