1. Introduction: A New Standard for Lifestyle and Business in the NAC

In the rapidly evolving landscape of the New Administrative Capital (NAC), discerning investors know that value is driven by livability and traffic. Capital Avenue (also known as Avenue Al Maqsad) emerges as a strategic masterpiece by Dolmen Developments, perfectly positioned to serve the very first inhabited residential district in the capital: the R3 District.

Unlike vast, isolated projects waiting for population growth, Capital Avenue is situated in the pulsating heart of a district designed for immediate living. It is not merely a mall; it is a comprehensive lifestyle destination acting as the primary service artery for the upscale Al Maqsad villas and surrounding compounds. With a fluid architectural design that merges outdoor freedom with indoor luxury, Capital Avenue offers a diverse portfolio of retail shops, administrative offices, and specialized medical clinics. For the international investor or the local entrepreneur, this project represents a rare combination of immediate relevance, high footfall potential, and flexible financial entry, making it one of the most compelling commercial opportunities in Egypt today.

2. Project Highlights at a Glance

• Project Name: Capital Avenue (Avenue Al Maqsad).
• Developer: Dolmen Developments.
• Location: R3 Residential District, New Administrative Capital (Directly serving Al Maqsad Compound).
• Project Type: Mixed-Use Strip Mall (Commercial, Administrative, Medical).
• Design Concept: Streamlined, open-air architecture with dual entrances.
• Unit Areas:

• Commercial: Starting from 60 SQM.
• Admin/Medical: Starting from 30 SQM.

• Starting Price: From 2,500,000 EGP (Market subject to change).
• Price Per Meter: Starts at 50,000 EGP for upper floors; 100,000 EGP for ground floor.
• Payment Plans: Down payments from 10%, installments reaching up to 10 Years.
• Delivery Date: 2024 (Near-term delivery).

3. Location & Accessibility: The First Pulse of Life

While many districts in the New Capital are still under construction, the R3 District stands apart as the pioneer of residential life. Capital Avenue commands a prime spot right in the center of this vibrancy.

Why the R3 Location is Critical:

The R3 district is the first fully finished residential zone, meaning the customer base for your business exists now or in the very near future. The mall is strategically located to serve the residents of City Edge’s Al Maqsad (Villas and Residences), ensuring a captive audience of high-net-worth individuals.

Key Connectivity & Landmarks:

• Al Amal Axis: Direct access to this vital artery connecting the mall to the Suez Road and the heart of the capital.
• The Iconic Tower: A short drive offers views of Africa’s tallest tower in the Central Business District (CBD).
• Governmental & Diplomatic Districts: A short drive ensures you are connected to the political core of the country.
• The Sports City: Located in immediate proximity, attracting athletes and events.
• The Green River: A short distance from the capital’s central park, offering aesthetic value and environmental balance.
• Canadian University: Proximity to major educational hubs increases the flow of students and faculty.
• Cairo International Airport: Accessible within 30 minutes via the Suez Road.
• New Cairo: Just 20 minutes away from the Fifth Settlement.

4. The Developer: Dolmen Developments

Investing in off-plan or near-delivery projects requires trust in the developer’s vision and execution. Dolmen Developments has established itself as a forward-thinking entity in the Egyptian real estate market, specifically focusing on the New Administrative Capital.

A Legacy of Strategic Choices:

Dolmen does not just build; they analyze market gaps. Their strategy revolves around selecting high-traffic locations and delivering products that meet specific community needs. By choosing the R3 district for Capital Avenue, they have demonstrated foresight in targeting the “first-movers” of the New Capital.

Notable Portfolio:

• The Pier Mall: A prominent commercial project in the R3 district.
• Midway Plaza: A strategic mixed-use complex in the New Capital.

The company is recognized for adhering to international quality standards, employing top-tier architectural consultants, and offering customer-centric payment solutions that ease the burden of investment.

5. Full Project Description: Fluid Architecture

Capital Avenue breaks away from the traditional “box mall” concept. The architectural design is inspired by fluidity and movement, featuring a streamlined, wavy façade that integrates seamlessly with the surrounding landscape.

Design Philosophy:

• Open-Air Experience: The layout emphasizes outdoor plazas, walkways, and landscaping, creating a “Strip Mall” vibe that is popular for its accessibility and airy atmosphere.
• Dual Access: The design incorporates two grand main entrances and double-height gates, ensuring smooth traffic flow and preventing congestion at entry points.
• Zoning: The building comprises a Ground Floor + 2 Upper Floors, intelligently zoned to separate the bustle of retail from the quiet required for work and healthcare.

• Ground Floor: Dedicated to F&B (Restaurants/Cafes) and high-end retail brands.
• First Floor: A mix of retail and specialized services.
• Second Floor: Reserved for administrative offices and medical clinics, providing privacy and professionalism.

Landscaping:

The project footprint is maximized to include vast greenery, water features, and promenades, turning a simple shopping trip into a leisure experience for families and professionals alike.

6. Unit Types, Areas & Pricing Strategy

Dolmen Developments has engineered the unit mix at Capital Avenue to cater to Small and Medium Enterprises (SMEs), startups, and established retail franchises.

1. Commercial Retail Units

• Position: Ground and First Floors.
• Sizes: Starting from 60 SQM.
• Pricing: Ground floor starts approx. 100,000 EGP/meter; First floor approx. 80,000 EGP/meter.
• Ideal for: Cafes, fashion boutiques, pharmacies, banks, and anchor stores.

1. Administrative Offices

• Position: Second Floor.
• Sizes: Starting from 30 SQM.
• Pricing: Starts approx. 50,000 EGP/meter.
• Ideal for: Law firms, engineering consultancies, tech startups, and corporate branches.

1. Medical Clinics

• Position: Second Floor (Dedicated zones).
• Sizes: Starting from 30 SQM.
• Pricing: Competitive rates aligned with administrative units.
• Ideal for: Specialized doctors, labs, and dental centers serving the R3 residential population.

Note: The starting ticket price for a unit is approximately 2,500,000 EGP, making it an accessible entry point for new investors.

7. Facilities & Amenities: A Self-Sufficient Ecosystem

To ensure high footfall and tenant retention, Capital Avenue is equipped with Grade-A operational facilities and lifestyle amenities.

• Dining Hub: A curated Food Court area designed to host international and local cuisine chains with outdoor seating options.
• Hypermarket: A large-scale anchor store providing daily necessities to the surrounding residents, ensuring daily recurring traffic.
• Smart Security: A comprehensive security system including 24/7 personnel, electronic gates, and advanced CCTV surveillance covering every corner.
• Safety Infrastructure: State-of-the-art fire suppression and alarm systems.
• Vertical Mobility: Modern elevators and escalators ensure easy access to all floors for the elderly and people with disabilities.
• Landscape & Plaza: Beautifully manicured gardens and open spaces for relaxation.
• Parking: Dedicated parking areas to accommodate tenants and visitors, preventing street congestion.
• Connectivity: High-speed internet infrastructure and central satellite systems.

8. Payment Plans: Investment Flexibility

One of the project’s strongest selling points is the diversity and flexibility of its payment plans. Dolmen offers options that extend up to a decade, allowing investors to manage cash flow effectively while the asset appreciates.

Standard Installment Plans:

1. 10% Down Payment – Installments over 6 Years.
2. 15% Down Payment – Installments over 7 Years.
3. 20% Down Payment – Installments over 8 Years.
4. 30% Down Payment – Installments over 10 Years.

Smart Investment Plans (Delayed Installments):

• 20% Down Payment: Installments over 6 years, with the first installment paid after 1 year.
• 30% Down Payment: Installments over 7 years, with the first installment paid after 2 years.
• 40% Down Payment: Installments over 6 years, with the first installment paid after delivery.
• Delivery Status: Units are scheduled for delivery in 2024.
• Finishing: Commercial units are delivered Semi-Finished (Core & Shell) to allow for brand customization.

9. Challenges & Cons: A Transparent View

While Capital Avenue is a robust investment, a balanced review must address potential challenges:

• Competition: The New Capital has numerous commercial projects. However, Capital Avenue’s location in the first inhabited district gives it a significant head start over Downtown projects that are still years away from population density.
• Delivery Timeline: With delivery scheduled for 2024, buyers need to be ready for handover payments soon, unlike long-term off-plan projects.

10. Why Capital Avenue is Ideal for Foreign Buyers & English-Speaking Locals

If you are evaluating the Egyptian real estate market from abroad, Capital Avenue offers a compelling case for a secure and profitable investment:

1. Immediate Catchment Area: Unlike projects in the deep desert, this mall serves the R3 district, which is the first residential zone to come alive in the New Capital. Your customers are already moving in.
2. Scarcity of Services: As one of the few commercial hubs in the immediate vicinity of Al Maqsad villas, competition is lower, and demand for services (groceries, laundry, clinics) is incredibly high.
3. Inflation Hedge: Real estate in the New Capital is dollar-pegged in value. Locking in a price today with a 10-year payment plan essentially allows you to pay with depreciating currency while holding a hard asset.
4. Strategic Asset Class: Small commercial and administrative units (30-60 sqm) are highly liquid. They are easy to rent out and easy to resell compared to large, expensive units.

11. Frequently Asked Questions (FAQ)

Q: Where exactly is Capital Avenue located?

A: It is located in the R3 Residential District of the New Administrative Capital, directly serving the Al Maqsad compound and near the Sports City.

Q: What is the delivery date?

A: The project is scheduled for delivery in 2024, meaning it is a near-term investment with little waiting time for operation.

Q: Are there medical units available?

A: Yes, the project offers specialized medical units starting from 30 SQM, ideal for private clinics and labs.

Q: Can foreigners buy property in this project?

A: Yes, foreign nationals can fully own commercial and administrative real estate in the New Administrative Capital.

Q: What is the minimum down payment?

A: You can start your investment with a down payment as low as 10%.