Paragon Developments is an Egyptian real estate developer headed by Eng. Badeer Rizk, with more than 20 years of experience. The company works in an alliance with Adeer International, the investment arm of Saudi Sumou Holding, under the name PARAGON | ADEER. Its flagship project is Sumou Boulevard Mostakbal City, at the entrance of Mostakbal City.
About Paragon Developments
Sumou Boulevard was officially launched in April 2026 on more than 500,000 square metres (about 119 feddans), with investments of EGP 70 billion (about USD 1.35 billion). Prices start from EGP 2.5 million with a 5% down payment and installments over up to 10 years. Paragon is the project’s developer, in partnership with Sumou Holding and in cooperation with the master developer of Mostakbal City. The project is being built in 7 phases, and the company is currently focused on the first.
Paragon Developments projects
| Project | City | Price |
|---|---|---|
| Sumou Boulevard Compound Mostakbal City | Mostakbal City | From EGP 2.5 million as of November 2026 |
The project combines serviced hotel apartments, residential units, administrative offices, shops and hotels along a 2 km central street, with only 20% built-up area and the rest green space.
Before you reserve
Since the company is new to projects of this scale, we recommend checking the delivery schedule and the contract terms before you reserve. At West Capital we get you the current price list and compare the project with similar ones in Mostakbal City.
Frequently asked questions about Paragon Developments
Who heads Paragon Developments?
The company is headed by Eng. Badeer Rizk, who has more than 20 years of experience in real estate development.
What is Sumou Boulevard and who develops it?
A mixed-use project at the entrance of Mostakbal City, developed by Paragon in an alliance with Adeer International, the investment arm of Saudi Sumou Holding.
How much is a unit in Sumou Boulevard?
As of November 2026, Sumou Boulevard prices start from EGP 2.5 million with a 5% down payment and installments over up to 10 years.
How large is the Sumou Boulevard investment?
The announced investment is EGP 70 billion (about USD 1.35 billion) on more than 500,000 square metres.
Developer projects
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Projects by Paragon Developments
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