Mall You Near New Capital is the debut Egyptian project of Earth Development, a Saudi developer that placed a mixed commercial, administrative, and co-working scheme on a 6,500 m² plot inside the MU12 zone of the New Administrative Capital. The plot was the first parcel allocated within MU12, and it faces the La Vista City compound directly while fronting the Capital’s Ring Road. What separates the project from the other MU12 towers is a specific choice: it sells co-working space for ownership rather than lease, a model still rare in the New Capital’s commercial market, and it splits the retail and office functions into two separate buildings instead of stacking them in one mixed tower.

Entry pricing starts at EGP 2,200,000 for a 20 m² co-working unit, EGP 7,000,000 for a 66 m² administrative office, and EGP 22,000,000 for a 70 m² ground-floor shop, with payment plans stretching to 10 years on a 10% down payment. The developer has declared a EGP 30 billion investment portfolio for Egypt, and this is the first project of that pipeline. That combination of a low entry ticket and a developer with a large announced commitment is the frame most buyers evaluate the project through, so the sections below cover the location, the two-building design, every unit type with its price per meter, the full payment ladder, and a grounded read on the investment case.

Where exactly is Mall You Near New Capital located?

The project sits in the MU12 zone of the New Administrative Capital, directly opposite La Vista City and on the Capital’s Ring Road. MU12 is a Mixed-Use district that links the third residential neighborhood (R3) to the Government District and the Diplomatic District, which makes it a working traffic corridor rather than a quiet edge plot. The plot’s Ring Road frontage turns the unit façades into daily visual exposure for hundreds of passing cars, a factor that matters directly to the retail units on the ground floor.

Landmarks and entities near the project

Several of the Capital’s anchor landmarks fall within a short radius of the plot, and each one feeds foot traffic or investment value in a different way. The address reads best not as an isolated mall but as one node inside a dense government-and-services cluster.

The Green River, the linear park that runs 35 km through the center of the Capital and ranks as the largest open park in the Middle East, sits within view of many units.
The Central Park inside the R3 district is minutes away and is one of the strongest population-movement generators in the immediate area.
The Iconic Tower, the tallest building in Africa at 385 m, stands close by and carries hotels, offices, and tourist activity that sustain daily visitor flow.
The Government District, home to the relocated ministry headquarters, and the Diplomatic District, which hosts 32 embassies, are both a few minutes out.
The Capital’s Ring Road links the site to the Regional Ring Road and the South Bin Zayed Axis, shortening the approach from New Cairo to about 20 minutes.

Who is Earth Development, the developer behind the project?

Earth Development is a Saudi real-estate company founded by businessman Ahmed El-Zouka, and it worked the Saudi market for 15 years before entering Egypt in 2025. The company steps into Egypt with a declared investment portfolio of EGP 30 billion, and this project is the first link in that chain. That background gives the scheme the specific status of “the developer’s first project in Egypt,” a status with two sides worth stating plainly.

On the positive side, a developer building its reputation in a new market has a strong incentive to prioritize delivery and quality on its opening project, and a EGP 30 billion pipeline implies a financial commitment far wider than a single scheme, which lowers the risk of a stalled build. On the caution side, there is no prior local delivery record a buyer can lean on inside Egypt yet, so the developer’s execution history remains a Saudi one. Earth’s Saudi portfolio includes the Diyar Al Ahsa residential development in the Eastern Province, the Finan Al Gohara project in Jeddah, the Al Fursan Al Argan suburb in Dammam, the Saken Village complex in Jubail, and a development-housing scheme in the Al Khumrah area.

The two-building design and architectural split

Earth built the project on a two-separate-buildings concept rather than one multi-use tower. The first building is dedicated entirely to the commercial units, with open display frontage onto the pedestrian paths and the Ring Road to maximize the visual exposure of the shops. The second building holds the administrative units and the co-working spaces, with entrances kept independent of the commercial building so that shopper traffic never crosses office-staff movement.

That separation solves a common problem in the Capital’s multi-use malls, where office privacy collides with shopper density inside a single shared building. The two façades use contemporary lines with cladding materials chosen to resist the Capital’s desert climate, and the administrative floors carry a high glazing ratio to raise natural light and cut daytime cooling loads. The developer does not name the architectural consultant in its official marketing material, which is a detail investors who want a project signed by a known engineering office should request directly from the sales team.

Unit types and sizes inside the project

The project offers three unit categories across the two buildings, each aimed at a different tenant profile. The table below sets out the starting size, position, and entry price for each type.

Unit type	Size from	Position in the project	Price starts from
Commercial shops	70 m²	Ground floor, commercial building	EGP 22,000,000
Administrative offices	66 m²	Administrative building	EGP 7,000,000
Co-working spaces	20 m²	Administrative building	EGP 2,200,000

The ground-floor commercial units target food and beverage brands, fashion outlets, and pharmacies, the activities that benefit most from the pedestrian flow expected from the facing residential district. Sizes open at 70 m² so that brands with fixed display standards can fit a branch. The administrative offices start at 66 m², which is the reasonable minimum for an office holding three to five staff plus a reception area. The co-working spaces begin at 20 m² and are built for solo entrepreneurs, startups, and freelancers whose activity does not need a full office but does need a registered address inside the New Administrative Capital for commercial-registry purposes.

How much does a unit cost at Mall You Near New Capital?

Prices at Mall You Near New Capital start from EGP 2,200,000 for a 20 m² co-working unit, from EGP 7,000,000 for a 66 m² administrative office, and from EGP 22,000,000 for a 70 m² ground-floor commercial shop. These figures reflect the latest official pricing from Earth Development and come with payment plans that extend to 10 years. Working the approximate price per meter clarifies the tiers below.

Administrative office: roughly EGP 106,000 per meter (EGP 7 million divided by 66 m²).
Ground-floor commercial shop: roughly EGP 314,000 per meter (EGP 22 million divided by 70 m²).
Co-working space: roughly EGP 110,000 per meter (EGP 2.2 million divided by 20 m²).

The large gap between the commercial and administrative price per meter is normal and consistent with New Capital averages, where the ground-floor retail meter in MU-zone malls commonly reaches two to three times the administrative meter in the same building. That gap tracks the difference in expected operating return between a street-facing shop and an upper-floor office, not a pricing inconsistency. A buyer comparing tickets should therefore weigh the higher retail meter against the higher rent a ground-floor brand unit is expected to command, rather than reading the raw price alone.

Payment and installment plans

Earth put more than one payment plan on the table to absorb different buyer types, ranging from cash settlement with high discounts to long-term installments on the smallest down payment. Each plan carries its own discount tier.

Full cash payment: a 45% discount on the total unit value.
One-year settlement: a 40% discount.
Two-year settlement: a 35% discount.
30% down payment plus a 3-year plan: a 35% discount, offered as the project launch deal.
10% down payment plus up to 8 years: tiered discounts from 5% to 30% depending on the settlement period.
10% down payment plus 10 years: the longest plan, giving maximum flexibility to an investor who wants to spread the financial commitment.

Finishing and delivery

Delivery is scheduled for 2029, and the project is still under development. The administrative units and the co-working spaces are handed over fully finished, while the commercial shops are delivered as core-and-shell so that each retail tenant can fit out the space to its own brand identity. This split finishing approach is deliberate: an office or a co-working desk needs to be usable on day one, whereas a food, fashion, or pharmacy brand almost always strips and rebuilds a shop interior to a fixed corporate specification, so paying for a developer fit-out first would be wasted cost.

Buyers weighing the 2029 handover against the 10-year plan should read the delay-penalty and delivery-date clauses in the contract, since the year and the finishing standard are both stated commitments rather than marketing lines. A handover four years out also means the earliest installments are paid well before any rental income begins, which is a cash-flow point that matters most to a buyer funding the unit from expected rent rather than from existing capital.

Facilities and services

The developer fitted the two buildings with a security-and-infrastructure layer and a daily-operations layer, both sized to keep retail, office, and co-working tenants running without interruption. The security package covers the full building perimeter and every floor.

Surveillance cameras across all floors and around both buildings, running 24 hours under a central control room.
A security and guarding team present all week inside the entrances and the parking levels.
Automatic fire-suppression systems tied to an early-warning alarm, meeting Egyptian civil-defense standards.
Backup power generators to keep restaurant and office units running through any outage.
A network of elevators and escalators connecting every floor across both buildings.
Front-desk reception in each building to receive and direct visitors.
Shared meeting rooms inside the administrative building, used by the co-working units on a booking system.
ATMs for several banks inside the main lobby, and a central air-conditioning system serving the units and shared paths year-round.

Why is this project different from other MU12 malls?

The project differs from the rest of the MU12 malls on two specific points. The first is that it sells co-working space for ownership rather than lease, a model that is uncommon in the Capital’s commercial real-estate market. The second is that the architectural split between the commercial building and the administrative building reduces the clash between the two uses, in place of the common single multi-floor tower that mixes shops and offices together.

The competitive pressure is real, however. Strong rivals sit in the same price band, including Blake Mall from EGP 2.6 million, K-One Mall from EGP 2.4 million, and Amira Tower from EGP 2.7 million, and all of them offer offices and retail in roughly the same area. That field forces the scheme to lean on its co-working ownership option and its 45% cash discount as its main points of differentiation rather than on price alone.

Neighboring projects and the co-working case

The plot sits close to Business Gate Mall and Capital Square Mall, two established commercial addresses that anchor the same MU12 corridor and pull steady business traffic through the zone. Sharing a corridor with proven malls cuts both ways for a buyer: the surrounding activity supports footfall and lease demand, yet the concentration of retail and office supply in one district is exactly what can stretch the time it takes to fill units after handover. Reading the scheme against these neighbors, rather than in isolation, is the more honest way to gauge how quickly a shop or office here would find a tenant.

The co-working tier is where the ownership case is most specific. A 20 m² desk unit is priced far below a full office, yet it still carries a registered address inside the New Administrative Capital, which is what a startup or a freelancer needs to hold a commercial registry and a formal business record. Owning that address instead of renting it removes the annual lease renewal from the equation and turns a recurring cost into a fixed asset, and the shared meeting rooms inside the administrative building cover the occasional need for a larger space on a booking basis. That is a different buyer from the one chasing a ground-floor shop, and the scheme is built to hold both under one roof.

Investment analysis: is the project a long-term play?

The project presents three distinct investment scenarios depending on the unit type. The ground-floor commercial unit, from EGP 22 million, suits an investor chasing a high rental yield by operating the shop for a major brand, where the commercial rental yield in the New Administrative Capital sits between 8% and 12% a year but depends entirely on the zone’s occupancy level at handover. The administrative unit, from EGP 7 million, fits a company seeking a permanent Capital headquarters instead of renting, or an investor targeting a long-lease office tenant. The co-working unit, from EGP 2.2 million, is the lowest market-entry ticket and suits a buyer who wants a commercial address inside the Capital on a limited budget, or an entrepreneur combining personal use with re-leasing.

On the supporting side, the MU12 position falls inside the expected movement corridor between the residential districts and the Government District, and the developer’s announced EGP 30 billion portfolio signals a financial commitment wider than this single project, which lowers the odds of a construction halt because any delay on the opening scheme would directly hurt the company’s ability to launch the later phases of its Egyptian pipeline. On the caution side, this is the developer’s first project in the Egyptian market, and the absence of a local delivery record makes verifying the Real Estate Registry (Shahr Aqari) certificate and the license status before signing essential. The co-working ownership concept is also still an experimental model in the Egyptian market, and its long-term operating return needs study of New Capital market data after the neighboring projects open. The high density of commercial projects in MU12 may additionally pressure the early occupancy windows after handover, a factor that weighs specifically on an investor relying on a quick lease to recover installments. The analysis above is guidance only and not an investment recommendation; every purchase decision calls for independent contractual and financial review.

Frequently asked questions about the project

Where is Mall You Near New Capital located?

Mall You Near New Capital is located in the MU12 zone of the New Administrative Capital, directly opposite La Vista City and on the Capital’s Ring Road, close to the Green River, the Central Park, the Iconic Tower, the Government District, and the Diplomatic District. New Cairo is about 20 minutes away by the Ring Road.

What is the starting price at the mall?

Mall You Near New Capital starts from EGP 2,200,000 for a 20 m² co-working unit, from EGP 7,000,000 for a 66 m² administrative office, and from EGP 22,000,000 for a 70 m² ground-floor commercial shop. Prices reflect the latest official update from Earth Development and include payment plans of up to 10 years.

Who is the developer behind the mall?

The developer of Mall You Near New Capital is Earth Development, a Saudi company founded by Ahmed El-Zouka that worked the Saudi market for 15 years before entering Egypt with a declared EGP 30 billion portfolio. This project is Earth Development’s first project in the Egyptian market.

What is the longest installment period available?

The longest installment period at Mall You Near New Capital is 10 years on a 10% down payment, offered within the project launch plans from Earth Development, alongside shorter plans that carry discounts of up to 45% for full cash payment. Delivery is scheduled for 2029.

Project summary

Mall You Near New Capital brings together three core elements in one address: a position inside MU12 on the Capital’s mall axis, a Saudi developer entering Egypt with a EGP 30 billion portfolio, and an operating model that folds commercial, administrative, and co-working units into one scheme. A lowest entry ticket of EGP 2,200,000 and a longest plan of 10 years make it a relatively accessible way into the New Administrative Capital compared with buying separate projects for each unit type. To ask about updated prices, available units, or to book a viewing, reach out through the contact form on this page.

Mall You Near New Capital

About the Project