ASALDI Properties Launches ‘Shades’ in Egypt with $80 Million Investment

ASALDI Properties Launches 'Shades' in Egypt with $80 Million Investment

ASALDI Properties has launched its flagship project, ‘Shades,’ in Egypt with a total investment of EGP 2.5 billion ($80 million). This marks the company’s debut in the Egyptian market, with plans to invest EGP 10 billion over the next five years.

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ASALDI Properties is a specialist in office and commercial real estate. Founder Hany Al Assal expressed confidence in the Egyptian market’s potential, stating, “The Egyptian market is promising and full of opportunities that can be capitalized on at present.”

Mohamed Hany Al Assal, co-founder and owner of ASALDI Properties, emphasized the significance of the Egyptian real estate market, noting its robust demand. He also highlighted the project’s investment value at EGP 2.5 billion.

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‘Shades’ is ASALDI Properties’ first commercial and administrative project in East Cairo. It spans a built-up area of 48,000 square meters with a leasable area of over 18,000 square meters. The development includes four floors with more than 400 parking spaces, as well as offices, clinics, restaurants, shops, and entertainment areas.

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The company began operations and sales for the ‘Shades’ project in December 2023, and it is expected to be completed by the end of 2025. This strategic move positions ASALDI Properties as a key player in Egypt’s commercial real estate sector.

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