About Katameya Downtown Mall
Project Name: Katameya Mall.
About Project: It is a commercial mall located in a privileged location serving many areas such as New Cairo, Nasr City, Maadi and Mokattam and all roads leading to New Cairo has been linked to easy access.
Katameya Mall Location: The mall is located in the new city of Katameya, which follows New Cairo, next to Teseen Street.
Katameya Mall Space: 100 acres.
Units Type: commercial stores.
The Real Estate Developer: Marakez Development.
Katameya Downtown Mall
Mall of Katameya is one of the projects of Marakez Development, the company has chosen New Katameya area to establish one of its important projects so that the mall is a destination for all residents of the region and through it they can meet all their needs. Marakez has been established in 2015 and it is worth mentioning that it is a subsidiary of Fawaz Al Hokair Saudi Group.
The Company is working on establishing several urban and investment projects in Egypt with 17 billion Egyptian pounds and these projects will be in Cairo, the Delta, and other provinces.
One of the most important of these projects is Mall of Tanta designed with the World Heritage, which cost 6 billion Egyptian pounds and an area of 83 acres and 1,000 young people were employed inside it, and Mansoura Mall, built on 47 acres at a cost of 1.4 billion Egyptian pounds, which will open three years from now in 2021.
Details about Downtown Katameya Mall New Cairo
100 acres will be allocated as a total area of Katameya Mall equal to 420,000 square meters with a rental area of about 110 square meters, 4 billion EGP will be spent on the mall, although less than 1 billion Egyptian pounds have been withdrawn as expenses needed to develop it so far.
Banque Misr, Arab African International Bank, Banque Du Caire, Arab International Bank and Bank of Misr Iran Development Bank have joined forces to finance Katameya Mall project in new Katameya with 1.5 billion, which will be the reason for the establishment of the first phase of it, specifically 70% of it.
The developer announced that it has completed the establishment of 25 to 30% of the total mall units.Read more about the project
Katameya Downtown Mall Location
It is located in the New Katameya Region in New Cairo, where the customer can reach the mall through Teseen Street via the bridges that the company will establish to serve this purpose, which is to facilitate access to it and is close to the road leading directly to Suez.
Most Important Services Provided By The Mall
- The developer intended to choose a different strategic location while serving more than one city, as Katameya Mall serves the residents of Katameya, Maadi, Nasr City, New Cairo, and Heliopolis.
- There will be many units as well as shopping malls and shops selling all the international goods and products to the residents of the place and nearby places.
- It was connected to all major roads in New Cairo so that it could be accessed by customers.
- The larger area of the land will be for the facilities, services, and the less space will be to build the mall and all its shopping centers in addition to commercial and administrative units.
- Central air conditioning and elevators in addition to the construction of a restaurant and cafe with a green square around the mall.
- The guard will be at the gates of the mall and all floors to ensure the safety of visitors and unit owners.
- Large parking.
Payment System and the Delivery Date:
The Developer is now working on the establishment of the mall, which will take many years to open and announced in a press interview that the Mall will be opened and delivered three years from now, i.e. in 2021.
Note that the prices and spaces mentioned herein are for the first half of 2019, and therefore it is changeable, and we, Real Estate Egypt, are keen to update the spaces and the list of residential and commercial units' types and prices constantly to keep the customer informed of the real estate market changes.