Egypt's New Capital, a modern planned city located east of Cairo, is rapidly becoming a hot spot for construction of residential and commercial projects. Among these, one stands out as a high-profile property investment opportunity: Audaz Mall.
Developed by Leading Edge Developments, Audaz Mall is a mixed-use development spread over an area of 2,100 square meters, with a built-up area of 44,500 square meters. With a prime location on the main boulevard of New Capital's Diplomatic District, it is set to become one of the key commercial centers of the city.
Featuring a contemporary design and state-of-the-art facilities, Audaz Mall is intended to be an ultra-modern lifestyle destination. It will consist of a five-story shopping mall with over 180 retail units, including well-known local and international brands. The development will also incorporate several luxury residential units, office spaces, and a rooftop garden offering stunning views of the surrounding skyline.
The mall is expected to attract a high footfall due to its location near prestigious government offices, embassies, and residential developments. It will also benefit from New Capital's extensive transport network, which includes a metro line, buses, and a monorail.
Investing in Audaz Mall offers investors several benefits. Firstly, it provides an opportunity to tap into Egypt's growing economy and real estate market, as the New Capital is positioned as the country's premier business and administrative hub. Egypt's diversified economy and strategic location make it an attractive destination for foreign investment.
Secondly, the project has a guaranteed 7% rental yield for the first two years. This means that investors will start earning income from their investment immediately after the completion of the project, which is scheduled for the end of 2023.
Thirdly, Audaz Mall's developers have partnered with several well-known banks to offer easy financing options for investors. This makes investing in the project more accessible and attractive to a wider group of investors.
Lastly, the project offers investors a potential for capital appreciation, as property prices in New Capital are expected to rise over the coming years.
As an experienced lawyer specializing in real estate transactions, I can attest to the appeal of Audaz Mall as an investment opportunity. With its prime location, modern facilities, and attractive rental yield, it offers a sound investment option for both local and foreign investors.
If you're interested in investing in real estate in Egypt, particularly in the New Capital, Audaz Mall is definitely worth considering. With the right advice and guidance, you can make a sound investment that yields strong returns in the long run.