Kayan and Elaf Developments Alliance launches “NASA” project with investments EGP 10 billion
Kayan Development and Elaf Development alliance announced launching “NASA” project, with investments reaching EGP 10 billion, as this project represents the commercial, administrative, and medical component of “Aqmar Residence” project in 6th October City, which the two companies are developing on 42 acres plot.
NASA project
Ahmed Tolba, Chairman of Kayan Development, said that launching NASA project completes the two companies’ vision of providing integrated urban communities that donot only focus on residential development but also offer commercial, administrative, and medical services capable of serving the growing population density in West Cairo.
He added that NASA is being built on 10 acres directly on the Oasis Road and serves as the commercial gateway to “Aqmar Residence” project, which spans 42 acres opposite MSA University, noting that the location was chosen after an accurate study of the area’s needs, given its rapid urban and population growth, thus enhancing the project’s chances of success and providing it with great long term investment value.
He pointed that the project aims to serve the West Somid area, the Oasis Road, and surrounding residential projects, to be one of the greatest mixed-use commercial centers in 6th October City.
Mohamed Ghaly, Chairman of Elaf Development, explained that the project relies on an integrated model that focuses on operational quality and asset sustainability, not just construction, besides a technology partnership has been signed with WE company to provide the latest communication and digital infrastructure solutions, in addition to contracting with a global management company to manage the entire project, as well as a specialized partner to manage and operate the medical building according to global standards.
He added that the project includes commercial, administrative, and medical units, besides launching a new product called “Sky Office”, the first of its kind in 6th October and Sheikh Zayed, which targets companies and entrepreneurs seeking a modern work environment that combines privacy, technology, and professional services.
Hossam El Shahed, Head of the Commercial Sector at Kayan Development, explained that market studies conducted by the company before the project’s launch revealed a growing demand for professionally managed commercial and administrative projects in West Cairo, which prompted the two companies to adopt targeted investments reaching EGP 10 billion.
He emphasized that the company was keen to offer competitive prices commensurate with the location and operational capabilities of the project, noting that commercial units start at EGP 180,000 per square meter, while fully finished office and clinic units start at EGP 90,000 per square meter, adding that payment plans are available starting with a 2.5% down payment and installments extending up to 12 years, supporting purchasing power and attracting a wide range of investors.
He pointed that the project’s appeal lies not only on its prime location but also on its unique real estate offering, combining diverse activities, flexible payment plans, and professional management, as this combination accelerates sales and delivers added value for investors.
Ahmed Zayed, Head of the Commercial Sector at Elaf Development Company, said that the project represents a genuine investment opportunity given the limited supply of mixed-use developments along the Oasis Road, noting that the integration of technology, world-class management, and specialized operation of the medical sector gives the project a strong competitive advantage and increases the expected return on investment for the units in the near and long term.
Ahmed Abdel Hamid, Sales manager at Kayan Development, assured that both companies have a strong track record in executing commercial projects, which enhances client confidence in the new project, pointing that since its launch in 2023, Kayan has successfully completed several projects, including a fully delivered mall in the upscale district of 6th of October City, as well as Mall 49 in Sheikh Zayed City, and Hub 22 and Hub 44 in New Zayed City, all of which have reached advanced stages of completion.
He added that Elaf also own two commercial projects in 6th October City, with completion rates exceeding 90%, which reflects the combined experience of both companies and their ability to execute projects with high investment value, while adhering to scheduled timelines and quality standards.
