{"id":15407,"date":"2026-11-04T13:26:47","date_gmt":"2026-11-04T13:26:47","guid":{"rendered":"https:\/\/westcapital-eg.com\/?post_type=projects&p=15407"},"modified":"2026-11-04T13:26:47","modified_gmt":"2026-11-04T13:26:47","slug":"veln-mall-new-cairo","status":"publish","type":"projects","link":"https:\/\/westcapital-eg.com\/en\/projects\/veln-mall-new-cairo\/","title":{"rendered":"Veln Mall New Cairo"},"content":{"rendered":"<p>Veln Mall New Cairo is the first project by Najm Development: a commercial, administrative and medical complex in the Yasmine district of New Cairo, on a plot of about 3,772 sqm, with planned investment of more than EGP 1.6 billion. Prices at Veln Mall start from EGP 2.625 million for medical units as of November 2026, with a 10% down payment, installments of up to 8 years and delivery expected in 2029.<\/p>\n<h2>About Veln Mall New Cairo<\/h2>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-6767 size-full\" src=\"https:\/\/westcapital-eg.com\/wp-content\/uploads\/2025\/11\/veln-mall-500x444-1.webp\" alt=\"Veln Mall New Cairo\" width=\"500\" height=\"444\" srcset=\"https:\/\/westcapital-eg.com\/wp-content\/uploads\/2025\/11\/veln-mall-500x444-1.webp 500w, https:\/\/westcapital-eg.com\/wp-content\/uploads\/2025\/11\/veln-mall-500x444-1-300x266.webp 300w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/p>\n<p>The building has a two-level basement, a ground floor and three typical floors. The ground and first floors are for shops, and the second and third floors are for clinics and administrative offices. Most of the plot is left as an open plaza and landscape, since the building occupies only about 30% of the area, which gives the project wider outdoor space than the average among nearby malls.<\/p>\n<p>The company worked with a group of specialist firms: Criteria Design Group (CDG) as design consultant, Kelma for development consulting, Egy Map for commercial asset management, and Rico for entertainment and operations consulting. The company later announced a new phase inside the project called MCS, with a competitive sales mechanism. This shows that units are released in batches and that prices move with each batch.<\/p>\n<p>What sets Veln apart is that its units are relatively small: a clinic starts from 21 sqm and an office from 29 sqm. That brings the entry price down to a level that many new administrative malls in the Fifth Settlement do not reach. It suits doctors opening their first clinic and small companies that do not need much space. It also means a fairly large number of units are on offer in one building, so make sure you know exactly where your unit is.<\/p>\n<p>The announced investment is EGP 1.6 billion, a large figure for a building on a plot this size. It suggests the company is counting on high sales per sqm and on equipping the building to advanced operating standards. It is natural for a buyer to ask how construction is financed and what the actual payment schedule is, and we help you put both questions to the developer.<\/p>\n<h2>Veln Mall New Cairo location<\/h2>\n<p>The mall is in the Yasmine district, a residential area in the Fifth Settlement with a full set of services, surrounded by compounds and dense housing. It is only a few minutes from North 90th Street and Petrosport Club, and it connects to the Regional Ring Road and the Suez Road through the Mohamed Naguib Axis. The project is one of the <a href=\"https:\/\/westcapital-eg.com\/en\/cites\/new-cairo\/\">New Cairo<\/a> malls that rely on residents of the surrounding neighborhoods rather than passing visitors.<\/p>\n<h3>Places near Veln Mall<\/h3>\n<ul>\n<li>North 90th Street and Petrosport Club, a few minutes away.<\/li>\n<li>The Mohamed Naguib Axis and the Regional Ring Road.<\/li>\n<li>The Suez Road, within about 10 to 20 minutes.<\/li>\n<li>The American University in Cairo and Golden Square, close by.<\/li>\n<li>The surrounding Yasmine and Fifth Settlement residential compounds.<\/li>\n<li>Cairo International Airport, within about 25 to 30 minutes depending on traffic.<\/li>\n<\/ul>\n<p>Yasmine is one of the areas where services and population are already in place, surrounded by compounds with thousands of families. That means demand for medical services, pharmacies, cafes and service offices exists today, while other parts of New Cairo have many malls built before the housing around them is finished. The site also links to axes that make it easy for customers to arrive from other neighborhoods in the Fifth Settlement.<\/p>\n<h2>Unit sizes and types<\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-6769 size-full\" src=\"https:\/\/westcapital-eg.com\/wp-content\/uploads\/2025\/11\/571040714_122103384327053117_7074894493454474812_n-1.webp\" alt=\"Veln Mall New Cairo site area\" width=\"820\" height=\"312\" srcset=\"https:\/\/westcapital-eg.com\/wp-content\/uploads\/2025\/11\/571040714_122103384327053117_7074894493454474812_n-1.webp 820w, https:\/\/westcapital-eg.com\/wp-content\/uploads\/2025\/11\/571040714_122103384327053117_7074894493454474812_n-1-300x114.webp 300w, https:\/\/westcapital-eg.com\/wp-content\/uploads\/2025\/11\/571040714_122103384327053117_7074894493454474812_n-1-768x292.webp 768w\" sizes=\"(max-width: 820px) 100vw, 820px\" \/><\/p>\n<p>Unit sizes range as follows:<\/p>\n<table class=\"wc-table\">\n<tr>\n<th>Unit type<\/th>\n<th>Sizes<\/th>\n<th>Price starts from<\/th>\n<\/tr>\n<tr>\n<td>Ground floor shops<\/td>\n<td>28 to 137 sqm<\/td>\n<td>EGP 6.72 million<\/td>\n<\/tr>\n<tr>\n<td>First floor shops<\/td>\n<td>30 to 80 sqm<\/td>\n<td>EGP 4.8 million<\/td>\n<\/tr>\n<tr>\n<td>Clinics<\/td>\n<td>21 to 79 sqm<\/td>\n<td>EGP 2.625 million<\/td>\n<\/tr>\n<tr>\n<td>Administrative offices<\/td>\n<td>29 to 79 sqm<\/td>\n<td>EGP 3.335 million<\/td>\n<\/tr>\n<\/table>\n<p>The figures are approximate starting prices as of November 2026 and change with the batch, the floor and the position. In the announced plans, administrative and medical units are delivered fully finished, while shops are delivered as shell and core. We recommend confirming this in the contract.<\/p>\n<p>The ground floor is the highest priced because it has direct frontage on the plaza. First floor shops suit activities such as beauty salons, fitness centers, cafes and training centers, and start about 30% lower, but they need an activity that draws customers upstairs. The administrative and medical units on the second and third floors serve people who come by appointment and do not rely on passers-by, so they are less exposed to swings in shopping traffic.<\/p>\n<h2>Veln Mall prices and payment plans<\/h2>\n<p>The main plan is a 10% down payment with the rest in installments of up to 8 years. A shorter plan also exists, with a discount on the price for buyers who accept a shorter term and higher installments, and a bigger discount for cash payment. A maintenance deposit, set in the contract, comes with the unit. Because batches change, the price you read today may differ from the actual unit price at booking.<\/p>\n<p>A worked example for illustration: a clinic priced at EGP 2.625 million with a 10% down payment means a first payment of about EGP 262,000, and about EGP 2.36 million spread over eight years, close to EGP 24,600 per month before any fees. You can compare that monthly amount with the rent for a similar clinic in the same district to judge whether buying makes sense. <a href=\"https:\/\/wa.me\/201002200212\" target=\"_blank\" rel=\"noopener\">Message us on WhatsApp<\/a> and we will send you the full payment schedule for the unit you are interested in.<\/p>\n<h2>The developer: Najm Development<\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-6771 size-full\" src=\"https:\/\/westcapital-eg.com\/wp-content\/uploads\/2025\/11\/Veln-Mall-New-Cairo-1.webp\" alt=\"Advantages of Veln Mall New Cairo\" width=\"800\" height=\"500\" srcset=\"https:\/\/westcapital-eg.com\/wp-content\/uploads\/2025\/11\/Veln-Mall-New-Cairo-1.webp 800w, https:\/\/westcapital-eg.com\/wp-content\/uploads\/2025\/11\/Veln-Mall-New-Cairo-1-300x188.webp 300w, https:\/\/westcapital-eg.com\/wp-content\/uploads\/2025\/11\/Veln-Mall-New-Cairo-1-768x480.webp 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><a href=\"https:\/\/westcapital-eg.com\/en\/developer\/nagm-developments\/\">Najm Development<\/a> is a new company in the market and Veln is its first project, so it has no previous delivery record. It is led by chairman Wael Ramadan, and it has announced a sales target of about EGP 900 million from the project, as part of an overall company target of about EGP 3 billion. For this reason we advise following construction progress and visiting the site before paying, and taking advantage of the specialist partners in design, management and operations.<\/p>\n<p>Having one partner for commercial asset management and another for entertainment operations is a positive in the project&#8217;s concept. A mall needs central management to control the mix of activities and prevent the same business from repeating in neighboring units. Still, these partnerships remain a guarantee on paper until operation begins, so ask for a copy of the management and operating contracts if they are available.<\/p>\n<h2>Facilities and services<\/h2>\n<ul>\n<li>An outdoor plaza, green areas and landscaping.<\/li>\n<li>A glass facade and natural ventilation.<\/li>\n<li>Parking in a two-level basement.<\/li>\n<li>Elevators, escalators and electronic gates.<\/li>\n<li>Reception desks and waiting areas.<\/li>\n<li>Meeting rooms and high-speed internet.<\/li>\n<li>24-hour security and surveillance cameras.<\/li>\n<li>Continuous maintenance and cleaning.<\/li>\n<\/ul>\n<p>Since small units dominate, the expected total rent for each unit is limited. So do not stretch to a unit beyond your means in hope of a large return. Choose what really fits your activity, or what can easily be rented to a doctor or a small office owner.<\/p>\n<h2>Who Veln Mall suits and what to check before booking<\/h2>\n<p>It suits a doctor who wants a first clinic on a budget between EGP 2.6 and 4 million in an upscale residential district, a small office owner looking for a fully finished unit, and an investor who wants a ground floor shop at a price above EGP 6.7 million. Anyone looking for a quick return should remember that delivery is four years away, and the return will not start before then.<\/p>\n<p>Before booking, check: the finishing type of each unit, the unit&#8217;s position on the floor and its distance from the elevators and entrance, the activity permitted in it, the maintenance deposit, the delivery date and the late-delivery penalty, and whether the batch you are booking from is the latest or an earlier one at a different price. Ask for the floor plan with the actual dimensions.<\/p>\n<p>Also compare buying on the long installment plan with buying on a shorter plan with a discount. The difference in total price can be large, and which is better depends on your financing cost and on whether you will lease the unit after delivery or use it yourself. We work out both options in one table that shows the total price, the monthly installment and roughly when you recover your investment.<\/p>\n<h2>Why buy at Veln with West Capital<\/h2>\n<ul>\n<li>We find the right unit for your activity and compare the monthly installment with rent.<\/li>\n<li>We compare Veln with nearby Fifth Settlement malls on price, size and delivery date.<\/li>\n<li>We review the payment and the latest price with you before booking.<\/li>\n<li>We follow the contract through to handover.<\/li>\n<\/ul>\n<p>Explore more <a href=\"https:\/\/westcapital-eg.com\/en\/cites\/new-cairo\/\">New Cairo projects<\/a>, learn about <a href=\"https:\/\/westcapital-eg.com\/en\/developer\/nagm-developments\/\">Najm Development<\/a>, and compare with <a href=\"https:\/\/westcapital-eg.com\/en\/projects\/n5-mall-new-cairo\/\">N5 Mall<\/a>, <a href=\"https:\/\/westcapital-eg.com\/en\/projects\/the-core-new-cairo\/\">The Core Mall<\/a> and <a href=\"https:\/\/westcapital-eg.com\/en\/projects\/mall-multqa-new-cairo\/\">Multaqa Mall New Cairo<\/a>, or read our guide to <a href=\"https:\/\/westcapital-eg.com\/en\/malls-new-cairo\/\">New Cairo malls<\/a>.<\/p>\n<h2>Veln Mall New Cairo FAQ<\/h2>\n<h3>Where is Veln Mall located?<\/h3>\n<p>In the Yasmine district of the Fifth Settlement, a few minutes from North 90th Street, Petrosport Club and the Mohamed Naguib Axis.<\/p>\n<h3>Who is the developer of Veln Mall?<\/h3>\n<p>Najm Development, and Veln is its first project.<\/p>\n<h3>How large is the mall and how many floors does it have?<\/h3>\n<p>About 3,772 sqm, with a two-level basement, a ground floor and three typical floors.<\/p>\n<h3>What are the starting prices of the units?<\/h3>\n<p>As of November 2026, clinics start from EGP 2.625 million, offices from EGP 3.335 million, first floor shops from EGP 4.8 million and ground floor shops from EGP 6.72 million.<\/p>\n<h3>What are the payment plan and delivery date?<\/h3>\n<p>A 10% down payment with installments of up to 8 years, and delivery expected in 2029.<\/p>\n<h3>What activities are available in the mall?<\/h3>\n<p>Retail shops on the ground and first floors, and clinics and administrative offices on the second and third floors.<\/p>\n<p><strong><a href=\"https:\/\/wa.me\/201002200212\" target=\"_blank\" rel=\"noopener\">Ask about what&#8217;s available now on WhatsApp<\/a><\/strong><\/p>\n","protected":false},"featured_media":6763,"template":"","cites":[82],"class_list":["post-15407","projects","type-projects","status-publish","has-post-thumbnail","hentry","cites-new-cairo-en"],"_links":{"self":[{"href":"https:\/\/westcapital-eg.com\/en\/wp-json\/wp\/v2\/projects\/15407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/westcapital-eg.com\/en\/wp-json\/wp\/v2\/projects"}],"about":[{"href":"https:\/\/westcapital-eg.com\/en\/wp-json\/wp\/v2\/types\/projects"}],"version-history":[{"count":0,"href":"https:\/\/westcapital-eg.com\/en\/wp-json\/wp\/v2\/projects\/15407\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/westcapital-eg.com\/en\/wp-json\/wp\/v2\/media\/6763"}],"wp:attachment":[{"href":"https:\/\/westcapital-eg.com\/en\/wp-json\/wp\/v2\/media?parent=15407"}],"wp:term":[{"taxonomy":"cites","embeddable":true,"href":"https:\/\/westcapital-eg.com\/en\/wp-json\/wp\/v2\/cites?post=15407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}