Mall Okan New Capital is an administrative and office building developed by ElEzz Developments inside the Banks Complex of the Financial and Business District in the New Administrative Capital. The address is the point that defines the project. The building sits beside the Central Bank of Egypt and overlooks the Egyptian Exchange, placing its offices in direct contact with the densest financial activity in the city. Banque Misr, Banque du Caire, and the Agricultural Development Bank border the same block, so a unit here opens onto the banking cluster rather than a closed interior court.
Okan is the third project ElEzz has launched inside the New Administrative Capital, backed by a group with more than 30 years of cross-border experience. Office prices start from EGP 2,560,000 with a down payment from 10% and installments reaching 10 years, which aims the project squarely at company owners and professionals who want an owned headquarters inside the most active banking zone instead of a lease. Units run administrative only, from 19 m² up to spaces above 3,100 m², covering both the single investor and the large institution within one address.
Where exactly is Mall Okan New Capital located?
Mall Okan New Capital sits inside the Banks Complex of the Financial and Business District, the first zone in the New Administrative Capital to enter full operation. A very short distance separates the building from the Central Bank of Egypt, while it faces the Egyptian Exchange at the same time, linking the offices to the point where financial decisions are made in the city.
A banking cluster of Banque Misr, Banque du Caire, and the Agricultural Development Bank borders the plot, so the units stand steps from their daily transactions. These offices overlook the Park View, the main street, and the Financial District promenade, which gives each floor an open frontage instead of an enclosed inner view. Monorail stations sit near the building and tie staff and visitors into public transport, reducing the dependence on private cars for a district built around office traffic.
Okan also neighbors other administrative projects in the district, including Obex Business Hub and The Central, a proximity that concentrates commercial demand across the surrounding blocks. Occupying the first operational area gives the building a timing advantage over the malls that will open later in other districts, since tenants can move in while much of the capital is still under construction.
The Financial and Business District around the project
The Financial and Business District is the zone the New Administrative Capital set aside for banking headquarters, the exchange, and financial institutions. It carries the Central Bank of Egypt and the Egyptian Exchange building as its two anchors, and it runs on low residential density with high office density, a mix that serves daytime business activity rather than living. The monorail line reaches the district through nearby stations, and the Government District with the ministries sits minutes away, which keeps offices close to both the banking and the government sides of the capital.
Several competing administrative malls cluster in the same zone, and that density lifts daily visitor movement and strengthens leasing prospects for office units. Nearby projects such as Rio Capital and Zora Tower share the district and the same buyer pool, so the surrounding supply shapes the pricing that a unit in Okan can command over time.
ElEzz Developments: the developer behind the project
ElEzz Developments, one of the Al Badr Group companies, develops the project and holds more than 30 years of experience across administrative, residential, and commercial work. The company footprint spans 14 firms in markets that include the Gulf, Spain, China, and Qatar, and its portfolio carries more than 280 projects split between administrative, residential, and tourism assets.
ElEzz previously delivered Arena Blanca Hurghada and Destino Tower in the New Administrative Capital, alongside residential projects in China and tourism projects in Spain, Qatar, and Oman, plus mixed-use residential towers across several African countries. This geographic and sector spread shows the company can run different asset types at once, and it gives buyers a track record to check when they judge the developer commitment, an advantage that newly formed companies lack. Membership in the Al Badr Group reinforces the financial base, which supports the ability to complete and hand over Okan on the approved schedule.
Project area and architectural design
Okan spans a built-up area of 30,000 m² inside the Financial District, and its design carries the signature of the Touza office as architectural consultant, while Moharram Bakhoum handled the structural engineering. The design relies on transparent glass facades and wide columns that raise natural light inside the offices, with open voids and terraces distributed between the floors to improve ventilation and cut the sense of enclosure in the administrative spaces. Splitting the floor plates this way allows flexible internal partitions that suit both small and large offices.
The designer added green roofs within the mass to ease facade heat and raise long-term energy efficiency, while the open plaza in the second phase ties 7,500 m² of greenery to the office entrances as an outdoor waiting and meeting area. These green treatments, paired with the glass facades, lower the thermal load on the building, which feeds directly into the running cost for unit tenants.
Unit types and sizes in Okan Mall
Okan offers administrative units and offices only, with no commercial or medical units. Areas start from 19 m² for startups and small businesses and reach beyond 3,100 m² for large institutions that need meeting rooms and conference halls, a wide span that covers the individual investor and the corporate occupier inside the same building.
| Unit type | Area (m²) | Starting price (EGP) | Average price per m² (EGP) |
|---|---|---|---|
| Administrative, small units | from 19 | 2,560,000 | 136,000 |
| Administrative, large units | over 3,100 | by area | 136,000 |
| Okan 2, upscale offices | from 53 | 6,240,082 | 122,020 |
The small units target startups and single-owner offices, and the 19 m² size gives a low-cost entry point for anyone who wants to own an address inside the Financial District instead of renting. The large units above 3,100 m² serve institutions that need a full floor or more for their teams, and they include internal meeting rooms and conference halls within the single unit.
Okan 2 New Capital: the second phase
Okan 2 stands directly in front of the Central Bank as a second phase aimed at premium offices, with units starting from 53 m² that overlook an open plaza running across 7,500 m² of green space. The Okan 2 Business District units sit on the third floor from EGP 6,240,082, which works out to roughly EGP 122,020 per m² in this phase.
Namaa manages and operates Okan 2 with an exclusive leasing service for investors who want a managed rental return, while the phase carries meeting halls, a dining area, an integrated security system, underground garages, and smart elevators. The frontage onto the open plaza makes these units better suited to companies that receive their clients inside their own offices.
What is the price per meter in Okan Mall?
The average price per meter in Mall Okan New Capital runs about EGP 136,000 in the first phase and reaches EGP 122,020 per meter in the second phase. First-phase unit prices range between EGP 2,560,000 and EGP 4,188,000 with a reservation deposit of EGP 20,000, and prices are updated as of June 2026 and remain subject to market movement.
Payment plans available in Okan
- An immediate 30% discount when the full unit value is paid in cash.
- A 25% discount for payment within one year, and a 20% discount for payment within two years.
- A 10% down payment with installments over 5 years, plus a 5% opening discount.
- A 15% down payment with installments over 7 years.
- A 20% down payment with installments over 8 years.
- A 35% down payment with installments reaching 10 years, the longest term on offer.
How many phases does Okan have?
Okan splits into two phases. The first phase carries units starting from 19 m², and the second phase, Okan 2, carries units starting from 53 m² directly facing the Central Bank. Both phases share a pure administrative character and differ in plaza position and view level, while the first phase offers the smallest units in the project, which makes it the fit for mid-sized capital.
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Facilities and services in Okan Mall
Okan carries a business center fitted with current office and meeting technology, a multipurpose conference center for events and seminars, plus viewing rooms for project presentations and archive and storage areas for documents. It also provides cafes and restaurants that serve formal and informal meetings inside the work setting. The business center and conference center specifically serve companies that hold meetings with clients from the neighboring banks without leaving the building.
The project further carries a fitness center and an emergency clinic ready for urgent care, along with a childcare center that offers daily services for staff during work. Security and surveillance cameras run around the clock with a permanent maintenance and management system, and the building holds 3 entrances to distribute the flow of movement. These services combine inside one building, which spares occupants from leaving it to meet the needs of their day.
How does Okan compare with the neighboring malls in the district?
Okan unit prices start from EGP 2,560,000, a figure that sits within the range of the neighboring administrative malls in the New Administrative Capital, where Rio Capital starts from EGP 2,375,000 and Zora Tower from EGP 2,063,000, while higher malls such as The Link start from EGP 3,375,000. What sets Okan apart from most of these projects is its direct proximity to the Central Bank and the Exchange building inside the Banks Complex specifically.
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Against that, Okan lacks the commercial units that some of the competing multi-use malls provide, so a retail buyer looks elsewhere. Okan still stands closest to the Banks Complex among these projects, a difference that matters for anyone targeting banking clients in particular.
Investment value analysis for Okan
Okan anchors inside the Banks Complex, a zone that ties unit value directly to the density of financial transactions around it, and its position in the first operational area supports early leasing before the rest of the districts complete. The ElEzz record of more than 30 years and over 280 projects lowers the risk of a delivery stumble compared with a developer that has no prior work. The project also benefits from the state decision to move institutions and ministries to the capital, which raises demand for offices near the government and banking bodies over the medium term.
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The wide size band between 19 and 3,100 m² serves two groups: the investor who buys a small unit to lease, and the institution that seeks a permanent headquarters. The exclusive leasing service that Namaa runs in the second phase supports anyone after rental income without directly managing the unit. The price range between EGP 2,560,000 and EGP 4,188,000 allows entry with mid-sized capital compared with standalone offices in older areas, while the actual yield stays tied to the occupancy rate of the Financial District after it reaches full operation.
The absence of commercial units remains the clearest constraint for anyone seeking retail activity or a direct sales shop, so the building suits the owner of a consulting clinic, a law office, or a financial services firm looking for an address next to the banks, and it does not suit a retailer or an independent restaurant owner. That constraint turns into an advantage for anyone targeting a pure office setting, because concentrating administrative activity cuts crowding and distraction inside the building and links unit value to the growth of banking activity in the capital over the medium term. This analysis is for guidance only and is not an investment recommendation.
Frequently asked questions about Mall Okan New Capital
Who is the developer of Okan Mall?
The developer of Mall Okan New Capital is ElEzz Developments, one of the Al Badr Group companies, with more than 30 years of experience and over 280 projects across 14 firms in the Gulf, Spain, China, and Qatar, including Destino Tower in the same capital.
What is the smallest unit size in Okan?
Administrative unit sizes in Mall Okan New Capital start from 19 m² for small businesses and reach beyond 3,100 m² for large institutions, while the second-phase Okan 2 units start from 53 m² facing the Central Bank of Egypt directly.
How large is the cash discount at Okan Mall?
Mall Okan New Capital offers an immediate discount reaching 30% on cash payment, with smaller discounts for payment within one or two years, plus installment plans that start from a 10% down payment and run for terms reaching 10 years.
Does Okan Mall include commercial units?
Mall Okan New Capital runs administrative and office units only, with no commercial, retail, or medical units. The design targets company owners and professionals who want an owned office inside the Banks Complex next to the Central Bank and the Exchange rather than a retail space.
Conclusion
Mall Okan New Capital brings together an address inside the Banks Complex beside the Central Bank and the Exchange, a developer with 30 years of work and over 280 projects, and a size band from 19 to more than 3,100 m² with prices from EGP 2,560,000. It stays a pure administrative option that fits offices and institutions more than retail activity. To check updated prices or book a viewing, reach out through the form on this page.