Rayn Developments specialises in commercial, administrative and medical projects in the New Administrative Capital. West Capital currently lists five of its projects: Capital Square, Nabd, Medora, Key One and Sign One. This page covers the company, its leadership, project prices and payment plans.
About Rayn Developments
Rayn concentrates its work in the New Administrative Capital. Since January 2025 it has held a portfolio of five projects in the Capital with investments of about EGP 12.7 billion: Nabd, Foco Mall, Capital Hub, Capital Square and Stars Mall. The company also owns more than 27 plots of land. In July 2025 it announced Magal Towers with investments of about EGP 3 billion, which brought its announced portfolio in the Capital to nine projects.
Who owns Rayn
Ehab El Obeidy leads the company as CEO. Ownership and share details have not been announced officially, so we do not state them.
Rayn projects and prices
| Project | City | Starting price (as of November 2026) |
|---|---|---|
| Capital Square Mall New Capital | New Administrative Capital | From EGP 140,000 per meter |
| Mall Nabd New Administrative Capital | New Administrative Capital | From EGP 150,000 per meter |
| Medora Medical Center Mall New Capital | New Administrative Capital | Shared clinics from EGP 1.265 million |
| Key One Mall New Capital | New Administrative Capital | Ask on WhatsApp |
| Sign One Mall New Capital | New Administrative Capital | Commercial space from EGP 190,000 per meter |
Rayn’s main projects in the New Capital
Capital Square Mall is a small commercial and administrative project in the third residential district, R3, near the Downtown area and Masr Mosque. Its units start from 22 square meters. Nabd Mall is built on about 5,280 square meters in the Leisure and Shopping District, with shared units from 13 square meters and standalone units from 31 square meters. Medora Medical Center is a specialised medical project in R3 on 2,750 square meters, with a ground floor and two medical floors and a building ratio of no more than 40%. Key One Mall and Sign One Mall are two commercial projects of about 1,200 square meters each, with Sign One in the Fifth District.
Rayn prices and payment plans
As of November 2026, the price per meter at Capital Square starts from EGP 140,000 on the second floor and reaches EGP 300,000 on the ground floor, with a 5% down payment and installments up to 9 years. At Nabd the meter starts from EGP 150,000, and plans range from a 5% down payment with up to 4 years of installments to a 20% down payment with up to 7 years. At Sign One the commercial meter starts from EGP 190,000 with a down payment from 5% and installments up to 9 years. At Key One, booking starts with a 5% down payment and installments up to 9 years, and prices vary by activity and floor. Clinics at Medora start from EGP 1.265 million for shared units and EGP 4.4 million for separate ones. Prices change, so ask about available units at the time of booking.
Delivery and construction
Rayn announced Foco Mall in July 2024 on 4,270 square meters in R3, with delivery expected within 24 months of the announcement. For the projects we list, the announced delivery for Capital Square is 2027, and for Nabd we confirm the delivery date with the developer before you book. We advise fixing the delivery date in the contract and following construction progress on site.
Why buy Rayn projects through West Capital
- We compare New Capital malls for you by price per meter, down payment, installment period and floor.
- We send you updated prices and payment plans, and explain the difference between floors and frontages.
- We help you work out the real installment and review the payment schedule before you sign.
- We arrange a site visit and follow up with you on the units that are available.
Frequently asked questions about Rayn
Who owns Rayn?
Ehab El Obeidy leads the company as CEO. Ownership details have not been announced officially.
Where does Rayn build its projects?
The projects we list are all in the New Administrative Capital, in the R3 and Fifth residential districts and the Leisure and Shopping District.
What is the lowest down payment on Rayn projects?
Capital Square, Key One, Sign One and Nabd start from a 5% down payment. The installment period varies by project.
What is the price per meter at Nabd Mall?
It starts from EGP 150,000 as of November 2026, with units starting from a total of about EGP 4 million.
Does Rayn offer clinics?
Yes. Medora Medical Center is a specialised medical project whose shared clinics started from EGP 1.265 million. Some of its units have sold out, so ask what is available.
Developer projects
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Projects by Rayn Developments
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