Ivory Plaza Mall New Capital | A Practical Guide to Investment Potential

Ivory Plaza Mall New Capital represents a straightforward commercial opportunity in Egypt’s new administrative hub. Developed by Tamayoz Developments, this mixed-use project sits in MU23, strategically positioned between residential zones R2 and R3. The mall combines commercial retail, administrative offices, medical clinics, and hotel space under one roof—a practical solution for businesses seeking visibility and foot traffic in a growing area.

The project isn’t about flashy promises. It’s about location logic. Over 30,000 housing units surround the site, creating genuine demand for the services and retail this mall provides. Construction has already begun, which distinguishes Ivory Plaza from many competing projects still in planning phases. If you’re evaluating commercial real estate in New Capital, understanding what this project offers—and what it doesn’t—matters for making an informed decision.

Location: Why MU23 Works?

Ivory Plaza Mall New Capital sits directly on Al Amal Axis, one of the city’s main thoroughfares. This placement isn’t accidental. The mall serves the R2 and R3 residential neighborhoods, which house the initial wave of New Capital residents. Being close to where people actually live and work is fundamental to retail and commercial success.

The surrounding geography adds practical value. The Monorail Station—the city’s primary transit system—sits nearby, meaning clients and employees can reach the mall without relying entirely on cars. The Green River and Iconic Tower are short distances away, anchoring the location within the broader New Capital ecosystem. Nearby landmarks include Sports City, Egypt International Olympic City, and Expo City, all of which generate foot traffic and visitor activity.

Other established malls in the area, like ITC New Capital and Opal Mall, validate the commercial viability of this zone. You’re not betting on an untested location; you’re entering a neighborhood already attracting retail investment.

Ivory Plaza Mall New Capital Design and Layout

The architecture follows modern French design principles, executed by IEC Company. The U-shaped layout isn’t just aesthetic—it serves a functional purpose. This design allows the developer to separate different unit types effectively, preventing congestion and creating distinct zones for shopping, dining, offices, and medical services.

Sabbour, the general consultant, handled detailed planning. MRB Company manages the commercial operations, bringing professional management standards to tenant relations and facility upkeep. This separation of design, consulting, and management reduces the likelihood of shortcuts in execution.

The building spans six stories above ground, with each floor allocated strategically:

• Ground and 1st floors: Commercial retail units
• 2nd to 6th floors: Administrative offices and hotel units
• 7th floor: Medical clinics, laboratories, and diagnostic centers

This vertical organization maximizes usable space and creates natural separation between high-traffic retail and quieter office or medical environments.

Unit Types and Sizing

Ivory Plaza Mall New Capital offers flexibility in unit selection. Commercial spaces on the ground floor start at 42 m², while first-floor shops begin at 48 m². Administrative units open at 40 m², and medical units at 49 m². The variety accommodates different business models—from small clinics to larger office suites.

Total project area reaches 6,200 m², with an additional 4,000 m² dedicated to outdoor plaza space. This scale provides enough density to attract diverse tenants without feeling overcrowded.

Pricing Structure

Unit prices begin at 1,860,000 EGP, though this varies significantly by location and type:

• Ground floor commercial: 155,000 EGP per m²
• First floor commercial: 65,650 EGP per m²
• Second floor commercial: 66,000–72,800 EGP per m²
• Administrative and medical units: 46,500 EGP per m² (starting)

All units include full finishing and air conditioning. Prices reflect market positioning—not the cheapest option in New Capital, but aligned with the location’s accessibility and tenant draw.

Ivory Plaza Mall New Capital Payment Plans and Financing

Tamayoz Developments offers multiple pathways to purchase, recognizing that different investors have different cash positions.

Standard ownership options:

• 10% down, 10% upon delivery, remainder over 6 years
• 15% down, 10% upon delivery, remainder over 7 years
• 20% down, 10% upon delivery, remainder over 8 years (interest-free)

A maintenance fee of 8% applies annually to cover building operations and upkeep.

Lease delegation programs provide rental income from day one, with guaranteed returns:

• 30% down payment, installments over 4 years
• Ground floor shops: 600 EGP per m² monthly (30-month guarantee)
• First floor shops: 300 EGP per m² monthly (30-month guarantee)
• Administrative and medical: 250 EGP per m² monthly (2-year guarantee)

These lease programs appeal to investors seeking cash flow rather than long-term ownership. The guaranteed returns reduce uncertainty during the lease period.

Ivory Plaza Mall New Capital Facilities and Services

Beyond the basic structure, Ivory Plaza includes amenities designed to support both businesses and visitors.

Operational features:

• Central air conditioning and satellite systems throughout
• High-speed Wi-Fi across all areas
• Solar energy integration for cost efficiency and sustainability
• 24/7 CCTV surveillance and security personnel
• Large underground parking (preventing surface congestion)
• Dedicated storage areas for tenants

Tenant and visitor amenities:

• Business center with meeting and conference halls
• Sky lounge for client entertaining or staff breaks
• Gym with modern equipment and sauna
• Kids’ area with safety-focused design
• Rooftop swimming pools
• Landscaped green spaces and water features

These amenities serve a practical purpose: they encourage longer visits, support tenant recruitment, and justify premium pricing. A clinic tenant benefits from a pleasant environment that calms patients. A retail shop gains from foot traffic drawn by dining options and recreational facilities.

Developer Background: Tamayoz Developments

Tamayoz Developments operates as a Saudi-Egyptian firm with 16+ years of construction experience. The company began operations in Saudi Arabia in 2006, expanding to Egypt two years later. This track record matters—it suggests operational stability and experience navigating both markets.

Previous projects in Egypt include Mall Madar, Mall 5 Business Hub, and residential compounds across Fifth Settlement and Mokattam. These aren’t theoretical credentials; they’re completed, operational projects. The company has also delivered administrative buildings and academic facilities, demonstrating capability beyond simple retail development.

Advantages Worth Considering

• Construction status: Ivory Plaza already holds a building permit and has begun construction. This eliminates uncertainty around regulatory approval—a genuine advantage in a market where delays happen.
• Proven location: The surrounding R2 and R3 neighborhoods are occupied and generating demand. You’re not speculating on whether people will move to the area; they already have.
• Professional management: Assigning operations to MRB Company signals a commitment to professional standards. This matters if you’re buying for rental income—professional management typically means better tenant retention and maintenance.
• Diverse unit types: The mix of commercial, medical, and administrative units in Ivory Plaza Mall New Capital reduces risk. If retail struggles temporarily, office tenants or clinics may perform differently, stabilizing overall returns.
• Accessible financing: Multiple payment plans reduce barriers to entry for investors with varying capital availability.

Realistic Considerations

Distance perception exists, but the Monorail Station proximity addresses actual accessibility. The real question isn’t distance from downtown Cairo—it’s distance from your target tenants and clients. For businesses serving New Capital residents, proximity to R2 and R3 neighborhoods makes sense.

Competing malls exist nearby. ITC and Opal Mall are established options. Ivory Plaza must differentiate through better location, professional management, or superior design. The U-shaped layout and facility mix suggest competitive positioning, but success depends on execution and tenant recruitment.

Frequently Asked Questions

When will Ivory Plaza Mall New Capital be completed and ready for occupancy?

The project was scheduled for delivery in 2024, though construction timelines can shift. Current status should be verified directly with the developer, as completion dates sometimes extend. The fact that construction has begun and permits are secured provides more confidence than projects still in planning phases.

What makes Ivory Plaza different from other malls in New Capital like ITC or Opal?

Ivory Plaza emphasizes mixed-use functionality—combining retail, offices, medical, and hotel units under professional management. Its location on Al Amal Axis directly serves R2 and R3 residents. The U-shaped design allows operational flexibility. However, each project has different tenant mixes and management approaches. Comparing specific units and lease terms is more useful than general comparisons.

Can I buy a unit as a pure investment without operating a business?

Yes. The lease delegation programs allow you to purchase and immediately lease the unit back to the developer or other operators. You receive guaranteed monthly returns (250–600 EGP per m² depending on unit type and location) for 2–30 months. After the guarantee period, you own the unit and can manage it independently or continue leasing arrangements.

What are the ongoing costs beyond the purchase price?

An 8% annual maintenance fee covers building operations, utilities, security, and facility upkeep. This is separate from the purchase price and installment payments. If you’re leasing the unit, clarify whether maintenance fees are deducted from your rental income or paid separately.

Is financing available through Egyptian banks for Ivory Plaza units?

The developer offers multiple payment plans, but bank financing availability depends on your financial profile and the bank’s policies. Some banks provide mortgages for commercial real estate in New Capital, though terms vary. Consult directly with your bank before committing to a purchase.

Who should consider buying a unit in Ivory Plaza Mall New Capital?

Investors seeking rental income from a location with demonstrated residential demand; business owners needing retail, office, or medical space in New Capital; and portfolio diversifiers looking at commercial real estate. The lease guarantee programs appeal most to passive investors. Direct operation suits entrepreneurs confident in their business model in this market.

Conclusion

Ivory Plaza Mall New Capital offers a practical commercial real estate opportunity with clear location logic and professional execution. It’s not a speculative bet on an unproven area—it’s a project serving neighborhoods already populated with 30,000+ households. The mixed-use design, professional management, and flexible financing create options for different investor profiles.

What matters most is alignment with your goals. Are you seeking rental income? The lease programs provide predictable returns. Do you operate a business needing retail or office space? The location and facilities support operational efficiency. Are you diversifying a real estate portfolio? The developer’s track record and construction status reduce execution risk.

Evaluate Ivory Plaza against your specific criteria and timeline. Visit the site, review current unit availability, and understand the lease terms thoroughly. The project’s success depends partly on factors beyond your control—tenant recruitment, market conditions, management execution. But the fundamentals—location, design, developer credibility—align reasonably well for the New Capital market.

For current pricing, unit availability, and detailed lease terms, contact Tamayoz Developments directly or visit their sales office in New Capital.