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بوابة الفجر
Arabco opens Gial Plaza Mall in Fifth Settlement
Arabian Co. Real Estate Development has unveiled its new commercial project, "Giel Plaza," in New Cairo’s Fifth Settlement along South 90th Street. Spanning an area of 6,000 square meters, the project includes a variety of units such as retail shops, administrative offices, and medical clinics, with prices starting from 7 million Egyptian pounds for spaces beginning at 40 square meters. The project is expected to take approximately three and a half years to complete, with units delivered under a "shell and core" system for shops and fully equipped for offices and clinics. The development is situated close to large residential areas like Hyde Park and Solana East, enhancing its potential for success and rental income. The price per square meter is approximately 175,000 pounds for offices and clinics, and around 300,000 pounds for shops. The payment plan offers flexibility with down payments ranging from 5% to 15%, and installment options up to 8 years. The first commercial activities are anticipated to commence after delivery in 2030, with potential rental yields reaching up to 10%, based on targeted rental values.
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