Salam Property Development (SPD)

Salam Property Development (abbreviated SPD) is an Egyptian company founded in 1999. It began by supplying building materials to major companies and government bodies before expanding into real estate development. West Capital currently offers one of its projects, SPD Mall in the Fifth Settlement in New Cairo.

About Salam Property Development

The company started in the building materials sector, which gave it direct experience in supply, execution and contracting requirements. When it moved into real estate development, its first projects focused on Damietta and New Damietta, where it built a record of construction and delivery before moving to New Cairo, one of the largest and most competitive property markets in Egypt.

The company’s projects

The company’s portfolio includes residential, commercial and administrative projects in more than one city, among them:

• SPD Mall Fifth Settlement: a commercial, administrative and medical complex in the Second Administrative Zone, with offices starting from 36 m². The company has obtained its building permits and has started excavation and construction.
• The Residence Compound in the Fifth Settlement: a residential project in New Cairo.
• Houses of New Mansoura: a residential project in New Mansoura city.

This variety reflects the company’s move from regional projects in the Delta to New Cairo projects, a move that warrants a buyer’s comparison between what was completed in Damietta and what is being built now in the Fifth Settlement.

Why small administrative projects matter in the Fifth Settlement

A large share of demand in New Cairo goes to small offices and clinics, because start-ups and freelance professionals look for space starting from a few dozen metres rather than whole floors. SPD Mall answers that demand with administrative units starting from 36 m² in an area home to company headquarters and banks, which makes comparing its price and sizes with nearby complexes an essential step before deciding.

What to check when dealing with the developer

Any buyer should verify the following points before reserving with any developer, Salam Property Development included:

• The actual stage of work on site, and visit the project yourself to confirm construction is moving.
• The delivery date written in the contract, the late-delivery penalty and the assignment terms.
• The real unit area and whether it includes shared areas.
• The payment schedule, the down payment and the number of installment years, written into the contract.
• Permits, land ownership and the activity the licence allows in the unit.
• Earlier projects the developer has delivered, and talking to their owners about build quality and maintenance.

How West Capital helps

We show you the units available in the company’s projects with the latest prices and payment plans, compare them with similar complexes in the Fifth Settlement on location, price and delivery, review the contract and payment schedule with you, and follow the reservation through to handover with no fees to the client. For more, browse the New Cairo projects or the guide to malls in New Cairo and the Fifth Settlement.

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