Torec Developments was founded in 2015 as Al Taamir for Real Estate Development Al Oula. The New Urban Communities Authority owns about 67% of its shares following a restructuring in 2021, and its capital reached EGP 500 million in 2022. The company develops and markets Bliss Gate Sheikh Zayed on 25 feddans, and announced in December 2025 that it was ready to hand over the first phase. Its other projects include T Pearl New Zayed, T Square Mall Sheikh Zayed and T Residence New Alamein. Torec has contracted AFM, part of the Dorra Group, to manage and operate Bliss Gate. The company combines the backing of a government landowner with operating experience from a specialist partner, which reduces land risk, though buyers should still check the delivery schedule.
Torec project prices
Prices at Bliss Gate Sheikh Zayed compound start from EGP 5.5 million as of November 2026, with a 15% down payment and installments over 7 years. Message us on WhatsApp to find out which units are available.
Where Torec works
The company operates in Sheikh Zayed, New Zayed and New Alamein.
Torec Developments FAQ
Who owns Torec Developments?
The New Urban Communities Authority owns about 67% of its shares following the 2021 restructuring.
What are Torec’s main projects?
Bliss Gate Sheikh Zayed on 25 feddans, T Pearl New Zayed, T Square Mall Sheikh Zayed and T Residence New Alamein.
What is the starting price of Bliss Gate?
Prices start from EGP 5.5 million as of November 2026.
Developer projects
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Projects by Torec Developments
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