Damora Developments Announces the Launch of Its First Project, Damora N5 Mall, in New Cairo and Reinforces Its Strategy with EGP 2bn in Investments

Damora Developments has announced the launch of its new project, Damora N5 Mall, in Gardenia Heights, New Cairo. The project marks a strategic step in the company’s broader expansion plan for next year, with total investments of EGP 600mn, Invest-Gate reports.

- Advertisement -

The launch comes as part of Damora’s 2026 plan, under which the company aims to inject EGP 2bn in new investments. The strategy reflects Damora’s philosophy inspired by its slogan, “An investment built with gold,” emphasizing asset value built on solid foundations, uncompromising quality, and more than 30 years of market experience.

Mr. Ibrahim Abdelrazek, Chairman of Damora Developments, said the N5 Mall represents a pivotal step for the company—not merely a new project, but a clear translation of a corporate expansion phase supported by strong partnerships, accumulated achievements, and sustained market trust.

He added that Damora enters 2026 with a more mature vision focused on high-value projects that address real market needs and offer investors growing assets aligned with Egypt’s evolving real estate landscape.

The company revealed that Damora N5 Mall is a mixed-use development comprising commercial, administrative, and medical spaces, with total investments of EGP 600mn on a 1,800 sqm plot. The mall includes 51 units—34 commercial and 17 administrative and medical—providing flexible spaces tailored to Fifth Settlement demand.

Eng. Essam Zaki, Co-Founder and Chairman of Damora Developments, noted the project’s strategic location near the Middle Ring Road, Suez Road, the Police Officers Club, and Life Sport Club. Positioned directly in front of the monorail station between Rabtya 2 and 3, the mall will serve over 250,000 residents, granting it strong operational appeal and turning it into a sustainable investment asset.

Mr. Mohamed Abdullah Al-Amoudi, Board Member, stressed that real investment is built to grow over time, adding that Damora operates under the principle that “value is not created but built” through disciplined execution—making the company’s slogan a work philosophy rather than a marketing phrase.

Mr. Huthaifa Gaber, Board Member, said the launch reflects Damora’s new phase of diversifying its real estate products and offering advanced solutions aligned with market needs. He emphasized the company’s integrated vision to develop smart projects that serve communities and deliver real returns for investors, backed by strong locations and global-quality implementation.

In parallel, Mr. Mohamed Darwish, General Manager, thanked the Real Estate Developers Association for its role in supporting the industry, organizing the market, and enhancing the investment environment—efforts that have strengthened the sector and encouraged the development of high-quality projects aligned with national development plans.

Tamer Thabet, Commercial Sector Director, highlighted the availability of flexible payment plans, starting with a 5% down payment and up to 90-month installments, offering customers accessible ownership and attractive investment returns. He added that the company’s structured financial plans support investors seeking low-risk, high-yield opportunities.

Reaffirming its commitment to quality, Damora announced partnerships with leading market experts, including Fusion Form as architectural consultant, Tarkhan Engineering as structural consultant, and Eltizam Egypt for operations and facility management.

Damora N5 Mall is set to become a notable addition to the Fifth Settlement, offering a fully integrated commercial, administrative, and medical hub that redefines smart investment in a key location within Gardenia Heights, just steps from Mohamed Naguib Axis, and positioned within a dynamic community that supports strong, sustainable footfall.