1. Introduction

As New Cairo matures into a fully functioning metropolis, the focus of savvy real estate investors has shifted. The hunt is no longer just for “available space,” but for “strategic positioning.” In a sea of commercial developments, finding a project that guarantees footfall, visibility, and operational efficiency is the ultimate challenge. Enter The Core Mall New Cairo.

Launched by Alashraaf Developments, a company with a legacy spanning back to 1980, The Core Mall is not merely another building; it is a smart commercial complex situated in the heart of the Lotus District. This specific location—directly facing the Technological University—places it at the intersection of academic activity and residential density. Designed to serve as a comprehensive hub for retail, administrative, and medical businesses, The Core Mall combines modern European architecture with high-traffic potential, offering a rare opportunity for investors seeking sustainable ROI in one of Egypt’s most dynamic neighborhoods.

2. Project Highlights

For the investor seeking quick facts and verified data, here is the executive summary of The Core Mall:

• Developer: Alashraaf Developments (Established 1980).
• Location: The Lotus District (North), directly facing the Technological University.
• Engineering Consultant: LDP (Designers of Capital Gate & Riyadh Hospital).
• Project Type: Mixed-use Complex (Commercial Retail, Administrative Offices, Medical Clinics).
• Total Area: Built on a footprint of 3,500 sqm.
• Structure: 2 Basement Levels (Parking) + Ground Floor + 3 Typical Floors.
• Starting Areas: Offices from 39 sqm | Clinics from 44 sqm | Retail from 51 sqm.
• Starting Price: Offices from 4,800,000 EGP (See detailed pricing section below).
• Payment Plans: Down payments starting from 15%, with installments up to 6 Years.
• Delivery Status: Expected delivery within 2 years.
• Management: Operated by Jara (Facility Management) & Smart Systems by Vodafone.

3. Location & Accessibility: The Lotus Advantage

To understand the value of The Core Mall, one must first understand the unique geography of the Lotus District (Al-Lotus).

While the Fifth Settlement is the commercial heart, the Lotus District is the residential engine that powers it. Located right in the middle of New Cairo, the Lotus District is shaped like a flower (hence the name) and serves as the physical bridge between the established 90th Street zone and the new extensions toward the Capital.

Why this specific plot is a “Goldmine”:

• The University Factor: Being directly in front of the New Cairo Technological University guarantees a daily influx of thousands of students and faculty members.
• Strategic Road Network:

• 2 Minutes from both Northern and Southern 90th Streets.
• Direct access to Gamal Abdel Nasser Axis, a critical artery for New Cairo traffic.

• Surrounding Landmarks:

• Located near the famous Golden Square area.
• Proximity to the Investors Area (South & North), a hub of business activity.
• Adjacent to the Clubs Axis, serving members of Platinum Club and Wadi Degla.

• Residential Catchment: Bordered by high-density inhabited zones like Banafseg, Narges, Mivida, Sodic East, and Hyde Park.
• Regional Connectivity: Easy access to Madinaty, Rehab City, and Mostakbal City, expanding the potential customer base beyond just New Cairo residents.

4. Developer & Consultant Overview

The Developer: Alashraaf Developments

In a market often crowded with newcomers, heritage matters. Alashraaf brings over 40 years of experience (Est. 1980) to the table. Their portfolio includes:

• Quest Tower & Quest Commercial City (Obour City).
• Serenity Compound & Reveal (Obour City).
• Hope Compound (New Cairo).
• Next Mall (Obour City).

The Consultant: LDP (Lines for Design & Planning)

To ensure world-class architecture, Alashraaf partnered with LDP, a heavyweight in engineering consultancy. Their previous high-profile work includes:

• Capital Gate.
• Riyadh Hospital.
• N-Town Complex.
• Numerous major projects across Saudi Arabia, UAE, and Kuwait.

5. Full Project Description: Smart & Modern

The design philosophy of The Core Mall is rooted in modern European aesthetics, focusing on minimalism, light, and functionality.

Architectural Brilliance:

The building spans 3,500 sqm and features a striking glass façade. This curtain wall system allows maximum natural light to penetrate the offices and clinics, boosting productivity. The layout includes a Hypermarket with a private entrance, ensuring heavy footfall does not disturb the corporate or medical tenants.

The “Smart” Edge (Powered by Vodafone):

• Automated climate control (Central AC).
• High-speed internet infrastructure.
• Smart security integration.
• Efficient energy management systems.

Zoning Strategy:

The mall is vertically zoned to ensure privacy and specialized environments:

• Basements: Dedicated secure parking.
• Ground & 1st Floors: Retail, dining, and the anchor Hypermarket (high footfall).
• 2nd & 3rd Floors: Reserved for quiet Administrative Offices and Medical Clinics.

6. Unit Types & Areas

One of the project’s strongest selling points is its intelligent division of space. The developer understands that modern businesses—especially startups and private clinics—do not always need massive headquarters. They need efficient, well-planned footprints.

1. Commercial & Retail Units:

• Ground Floor: High visibility units suitable for cafes, banks, and pharmacies. Areas start from 59 sqm indoors, with some units featuring outdoor terraces (23 sqm).
• First Floor: Ideal for retail stores and fashion boutiques. Areas start from 59.5 sqm.
• Second Floor: Suitable for service-based retail. Areas start from 62.5 sqm.

2. Administrative Offices:

• Designed for SMEs, lawyers, and corporate branches.
• Spaces start from a compact 39 sqm, ranging up to 79 sqm.
• Delivered Core & Shell to allow for brand-specific interior design.

3. Medical Clinics:

• Located in a dedicated zone to ensure hygiene and tranquility.
• Spaces start from 44 sqm, reaching up to 133 sqm for polyclinics or specialized centers.

7. Pricing Breakdown (2024/2025 Market Estimates)

The Core Mall offers competitive entry pricing for New Cairo, especially considering the high-traffic location.

Note: Prices are subject to availability and market changes.

8. Facilities & Amenities

To attract top-tier tenants, a mall must offer more than just four walls. The Core Mall is equipped with a suite of amenities managed by professional operators.

• Anchor Hypermarket: A large-scale supermarket with a private entrance, ensuring constant daily traffic from local residents.
• Operational Efficiency:

• Central Air Conditioning covering all common areas and corridors.
• Backup Generators that activate instantly during power outages.
• High-Speed Elevators & Escalators ensuring smooth vertical traffic flow.

• Safety & Security:

• 24/7 CCTV surveillance covering every corner.
• Electronic gates and smart access control.
• Advanced fire-fighting systems.

• Lifestyle & Comfort:

• Kids Area: A safe zone for children, allowing parents to shop or dine in peace.
• Underground Parking: Two full levels of basement parking to prevent congestion.
• The Gym: A fully equipped fitness center.
• Prayer Rooms: Dedicated spaces for men and women.
• Banking Services: Multiple ATMs and spaces for bank branches.

9. Payment Plans: Invest with Ease

Recognizing the economic landscape, Alashraaf Developments offers flexible payment structures designed to minimize the upfront cash burden on investors.

Option 1: Standard Installments

• 15% Down Payment.
• The remaining amount spread over 5 Years (Equal Installments).

Option 2: Long-Term Plan

• 25% Down Payment.
• 5% payment due after 2 years.
• The remaining amount spread over 6 Years.
• Maintenance Deposit: 8% (Paid 6 months prior to delivery).
• Delivery Timeline: 2 Years.

10. Why This Project is Ideal for Foreign Buyers & Expats

For international investors looking at Egypt, The Core Mall presents a compelling case based on fundamentals rather than hype.

1. The “University” Economy: Real estate near universities is historically recession-proof. Whether the economy is up or down, students need food, services, and supplies. This ensures high rental demand for commercial units.
2. Dollar-Hedge: With the current exchange rates, purchasing prime commercial real estate in New Cairo is significantly more affordable for USD holders, while the asset appreciates in local currency.
3. Low Entry Ticket: Starting at approx. 4.8 million EGP (roughly $100k USD at current rates), the entry barrier for an office is lower than residential units in comparable areas, yet the rental yield on commercial property is typically higher (10-12% vs. 5-7% for residential).
4. Customization Potential: The units are delivered on Red Brick (Core & Shell). While some locals see this as a hassle, experienced investors know this is an advantage. It allows international franchises or medical professionals to fit out the unit exactly to their brand standards without paying for generic finishing they would have to remove anyway.

FAQ: Frequently Asked Questions

Q: Where exactly is The Core Mall located?

A: It is located in the Northern Lotus District, New Cairo. Its primary landmark is that it sits directly facing the New Cairo Technological University.

Q: Who manages the mall?

A: The facility management is handled by Jara, a specialized FM company, ensuring the building remains clean, secure, and operational. Smart systems are powered by Vodafone.

Q: Are the prices mentioned fixed?

A: No, real estate prices in Egypt are dynamic. The starting price of 4.8M EGP is a base rate and rises depending on the floor, view, and payment plan chosen.

Q: Is the Lotus District inhabited?

A: Yes, unlike the New Capital which is still under development, the Lotus District is a mature, inhabited residential area, meaning businesses can start generating revenue immediately upon opening.

Q: What is the delivery condition of the units?

A: All units (Commercial, Admin, and Medical) are delivered “Core & Shell” (Red Brick), giving you full freedom to design the interior layout and finishing.