Skyline Egypt to be world’s largest residential building

Skyline Egypt to be world’s largest residential building

14 February 2020

Developer Memaar Al Morshedy and internationally acclaimed real estate developer Mohamed Hadid have announced that Egypt will be home to the world’s biggest building — Skyline.

It attempts to make the Guinness World Record for the largest residential building, spanning a 200,000sq m site, and is currently under construction on the outskirts of Egypt’s capital city of Cairo.

The mixed-use project is set to deliver 13,500 apartments to the northern Egypt city, on Cairo’s outskirts with the total project value reportedly AU$806 million.

For Hassan Morshedy, CEO of Memaar Al Morshedy, Skyline’s goal is not about setting a record, but about solving a housing problem.

The introduction of more than 13,500 apartments into a single building—along with every conceivable amenity and service you would expect from an entire town, from nurseries and shops to cinemas and green areas—will help deal with the growing demand for real estate in Egypt where there is a housing deficit in middle- and upper-middle income housing.

Skyline will feature parks and recreation grounds, and is hailed by the developer as home to the world’s largest infinity pool.

Morshedy says it will also have the world’s largest rooftop park and Egypt’s largest IMAX cinema.

When asked why he wanted to launch this project now, Morshedy said “The most [important] thing you need for an economy to grow is stability and safety. And I think Egypt is on track to both right now.

“If you look at what is happening in real estate in the past couple of months, you’ll see the amount of sales that companies have generated, I think, surpasses all the previous history of sales. Right now our sales, to this day are higher than our sales from last year or even in 2010.

“What is happening right now is that Egypt is growing, Cairo is growing, we’re 15 million people and we’re growing; and we did our feasibility study and found that we’re growing by some 600,000 to 800,000 [people] every year.

“There’s real demand. We [Egyptians] get married young at the age of 25 to 30, and an essential part of a marriage or a commitment in Egypt is an apartment, so there’s real demand.”

“Every massive metropolis needs the balance and contrast of a vibrant park space,” Morshedy said.

“Skyline’s sprawling park… this immense green space is truly one of a kind and spans the entire rooftop.”

Completion is slated for 2025.