Egypt real estate brief
Memaar Al Hussein Developments Launches Areva Project in New Obour City on 7,700 Square Metres
An RE brief based on a story published by Property Plus on 14 November 2026.
Read the full story at the sourceThe story in brief
Maamar El Hussein Real Estate Development launched Areva, a commercial and entertainment mall in New Obour City spanning 7700 square meters. Company chairman Ahmed Hussein said booking and contracting down payments start at 5%, with payment periods of up to 9 years; the company also aims to launch 8 to 10 new projects over the next five years.
Key numbers
- 7700 square meters
- Areva project area
- 5%
- Booking and contracting down payment
- 9 years
- Maximum payment period
- more than 87 projects
- Company projects completed in Downtown
- 8 to 10 projects
- Projects targeted over the next five years
- 5 years
- Expansion plan period
Why it matters for brokers
Areva adds a commercial and entertainment project to the supply in New Obour City, with an area of 7700 square meters. The project offers booking and contracting down payments starting at 5% and payment periods of up to 9 years.
RE's reading of the story. It is not part of the original report and not investment advice.