Hamat Developments Projects in Egypt

About Hamat Developments

Hamat Developments is a Saudi company whose core business at home is developing and running shopping centers and leisure destinations. Its board is chaired by Sheikh Saleh bin Mohammed Al-Habib, and it entered Egypt with the same specialty: commercial and office malls rather than residential compounds.

Before you buy a shop or office from Hamat

A commercial unit is valued by the rent it can earn, not just its size. Start with the unit's position inside the mall: the floor, whether it faces the street or an inner corridor, and how close it is to entrances and elevators.

Next, ask who will operate the mall after opening and whether there is a leasing plan for anchor tenants, since they drive footfall. Hamat's mall-management experience in Saudi Arabia is worth asking about in detail, specifically how it will apply here.

Finally, if you are offered a guaranteed rental return, read that clause carefully: how many years it lasts, who guarantees it and what happens when it ends. Also find out the annual service charge, because it cuts into the net return on any unit.