With the participation of Global Appraisal Tech (GAT) in the valuation of land assets, Majid Al Futtaim and Midar announce the launch of Mada City, a landmark mixed-use development in Egypt.

December 2025

Global Appraisal Tech (GAT), a leading valuation firm regulated by the Royal Institution of Chartered Surveyors (RICS) and licensed by both the Central Bank of Egypt and the Financial Regulatory Authority, announces its role in the valuation of land assets for a major real estate development project launched through a strategic partnership between Majid Al Futtaim and Midar for Investment and Urban Development.

The project, Mada City, represents one of the prominent large-scale mixed-use developments in Egypt, integrating a diversified portfolio of asset classes including residential, commercial, hospitality, educational, healthcare, and lifestyle components. The development reflects a comprehensive masterplan designed to support long-term urban expansion and enhance investment attractiveness within Egypt’s real estate sector.

GAT’s mandate involves conducting a comprehensive valuation of a diversified portfolio of land plots across multiple asset classes within the development. This includes assessing development potential, reviewing applicable land-use designations, and determining fair market value based on internationally recognized valuation methodologies and relevant market benchmarks.

The scope of work also includes the preparation of a consolidated valuation report supported by detailed assumptions, methodologies, and asset-level analysis, ensuring accuracy, transparency, and reliability to support strategic decision-making related to the ownership and structuring of the underlying land assets.

This assignment reflects GAT’s continued role in delivering professional valuation services for complex and large-scale real estate developments, reinforcing the importance of robust valuation frameworks in supporting investment structuring, asset optimization, and transaction readiness.

The Mada City project aligns with Egypt’s national strategy to promote urban development, attract high-quality investments, and develop integrated communities that support economic diversification and sustainable growth.

From an economic perspective, developments of this scale are expected to contribute to increasing real estate investment activity, supporting infrastructure expansion, and enhancing investor confidence in Egypt’s real estate market.

About Global Appraisal Tech (GAT):

Global Appraisal Tech (GAT) is a leading valuation firm registered with the Royal Institution of Chartered Surveyors (RICS) and certified by the Central Bank of Egypt and the Financial Regulatory Authority. GAT provides accurate, transparent, and internationally compliant valuation services that support strategic investment decisions and contribute to sustainable national economic development across multiple sectors.