Five Palm Developmentsفايف بالم
Five Palm Developments Projects in Egypt
Five Palm Developments began in contracting in 2012, moved into development in 2023, and builds commercial malls in the New Administrative Capital. Here are all its projects in New Administrative Capital, with current prices.
- Founded
- 2012
- Projects
- 2
- Area
- 1
Five Palm Developments projects in Egypt
Five Palm Developments projects in New Administrative Capital
2 projects
About Five Palm Developments
Five Palm Developments started in 2012 as a contracting company and worked on construction projects including national ones. In 2023 it moved into real estate development and asset management, launching its own projects rather than only building for others. Its CEO is Islam Shahat, and the company says it works with consultants and management firms to operate its projects, with a focus on the New Administrative Capital and New Cairo.
How to evaluate a developer coming from contracting
Five Palm is an unusual case: more than a decade of construction experience, but still early in its life as a developer. Its ability to build may be solid, while the other half of the job, including marketing, operations and running a mall after opening, is untested. Ask which firm will manage the mall and whether a management contract is signed. Ask which projects the company built as a contractor and visit them if you can. Compare the two malls by location within the New Capital and permitted use per floor. In the contract, focus on handover date, late-delivery penalty and monthly service charges after opening.
Five Palm Developments FAQ
When did Five Palm Developments start?
It started in contracting in 2012 and moved into real estate development and asset management in 2023.
Who runs Five Palm Developments?
The company's CEO is Islam Shahat.
Where are Five Palm's projects?
Its current projects are District White and Five Palm Mall, both in the New Administrative Capital.
