Areva Developments Projects in Egypt

About Areva Developments

Areva Developments has a different background from most developers: the experience it draws on comes from land reclamation and tourism investment before it moved into real estate. It is chaired by Eng. Amr Yassin, whose experience in those sectors spans more than 38 years. The company offers commercial, office and residential units and says it works with architectural consultants and specialized management and operations firms.

This project marks the company's major entry into New Cairo, and much of its reputation as a developer will rest on it.

What to check before buying in Glare Mall

When a developer is new to real estate, even with long experience elsewhere, the key thing to verify is the delivery team: who the consultant is, who the contractor is, and what malls they have completed. Ask directly and get the names in writing.

Then study the location: which road in New Cairo Glare sits on, which malls surround it, and how occupied they are. Compare price per square meter with them, and confirm whether you are paying for net area or area including shared services.

When contracting with this Areva developer, ask for the permit and the licensed use of the unit, check the handover date and late-delivery penalty, and find out which company will operate the mall and what the annual service fees are, since good management is what protects rent and value.