ASALDI Properties Launches $80 Million ‘Shades’ Project in Egypt

ASALDI Properties Launches $80 Million 'Shades' Project in Egypt

ASALDI Properties introduces its groundbreaking project, Shades, with a total investment of EGP 2.5 billion, marking a significant entry into the Egyptian real estate market. The company aims to invest EGP 10 billion over the next five years, underscoring its commitment to the region’s growth.

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Specializing in office and commercial real estate, ASALDI Properties’ founder, Hany Al Assal, recognizes the promising opportunities within the Egyptian market. Mohamed Hany Al Assal, the co-founder, highlights the sector’s strong demand, emphasizing Shades’ investment value of EGP 2.5 billion.

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Shades, spanning 48,000 square meters with a leasable area exceeding 18,000 square meters, represents ASALDI Properties’ inaugural commercial and administrative venture in East Cairo. Boasting four floors and over 400 parking spaces, Shades features a diverse array of facilities including offices, clinics, restaurants, shops, and entertainment areas.

The company commenced operations and sales for the Shades project in December 2023, with an expected completion date by the end of 2025.

By combining strategic investment with a comprehensive understanding of market dynamics, ASALDI Properties is poised to redefine Egypt’s real estate landscape, offering innovative solutions tailored to the evolving needs of businesses and communities alike.

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