Contact Developments Projects in Egypt

About Contact Developments

Contact Developments works in both the Egyptian and Saudi markets and says it has more than 20 years of experience. In Egypt, most of its current work is in the New Administrative Capital, and most of it is commercial and office space rather than housing, which is worth knowing if you are looking for an investment rather than a home.

Earlier work includes Mercury Mall in the capital, the Above Community compound in New Zayed, and residential buildings in Lotus, Beit El Watan and the Narges extension in the Fifth Settlement.

Before you invest in a Contact mall or tower

Commercial and office units are judged differently from apartments. First, ask who will manage the building after handover and whether an operator is already contracted, because a mall's success depends on operations more than design. Second, check the floor and frontage of your unit; a ground-floor shop on the main facade is a different asset from an inner unit upstairs.

Also ask about service charges, expected occupancy, and whether any rental guarantee is offered and for how long. Read the late-delivery clause, and compare price per square meter across Contact Developments projects in Egypt and others in the same business district.