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Specialty RetailTourist & Duty-FreeLocal ServicesHome & Lifestyle

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Large Footprint Retail

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Al Fustat Mall, also known as Souk al Fustat, is a small traditional market located in historic Cairo near Coptic Cairo and the Amr Bin Al-Aas Mosque. Situated just north of the Coptic district and accessible via Mar Girgis metro station, it occupies a central position in Old Cairo, attracting visitors interested in cultural heritage alongside shopping. The property features around 20-30 small shops specializing in handmade Egyptian crafts, including artisan gifts, woodwork, ceramics, textiles like Bedouin embroidery, spices, home decor, and traditional clothing.

Tenant mix emphasizes local artisans and small vendors offering authentic, high-quality products at fixed prices, distinguishing it from bargaining-heavy bazaars.

Market position is niche, focusing on cultural tourism rather than high-volume retail, with integration into the Fustat Development Project aimed at reviving historic areas.

Leasing advantages include low entry barriers for niche retailers, support for local crafts which appeals to eco-conscious and tourist demographics, and proximity to attractions like the Hanging Church boosting cross-traffic. However, challenges include variable occupancy with some units reported empty, especially during Ramadan or weekends, and limited modern amenities.

Overall footfall is moderate, driven by tourists and middle-class locals, but lacks the scale of major malls like CityStars.

Rent levels are estimated low, around EGP 5,000-15,000 per month for small units based on similar historic markets, though exact figures vary. The site benefits from government-backed heritage initiatives but faces risks from seasonal tourism fluctuations and competition from larger souks.

Operational quality is high for authenticity but constrained by small scale and occasional closures, making it suitable for specialty retail rather than broad consumer goods.

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Hours of Operation

Hours

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Monday10:00 AM — 09:00 PM
Tuesday10:00 AM — 09:00 PM
Wednesday10:00 AM — 09:00 PM
Thursday10:00 AM — 09:00 PM
Friday10:00 AM — 09:00 PM
Saturday10:00 AM — 09:00 PM
Sunday10:00 AM — 09:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

Salah Salem Road, New Al-Fustat, Cairo, Egypt

Insights

Demographics and Footfall

Al Fustat Mall draws a mix of international tourists seeking authentic souvenirs and local middle-class Egyptians, particularly women, interested in cultural items. Visitor demographics include families, couples, and solo travelers, with reviews indicating appeal to those aged 25-55 valuing hassle-free shopping. Footfall is estimated at 500-1,000 daily visitors during peak tourist seasons, based on Tripadvisor data and similar sites, but drops significantly during off-peak or religious holidays like Ramadan when many shops close. Occupancy stands at approximately 70-80%, with some units vacant, reflecting moderate demand. This profile supports niche leasing but highlights risks of inconsistent traffic compared to high-footfall malls like Mall of Arabia, which see over 20,000 daily visitors.

Tenant Mix and Operational Quality

The tenant mix comprises small artisan shops offering unique handmade products such as ceramics, wood carvings, embroidered textiles, and spices, fostering a specialized retail environment focused on Egyptian heritage crafts. No major anchor tenants; instead, independent vendors dominate, with fixed pricing enhancing operational efficiency by avoiding negotiations. Quality is noted as high, with clean, organized spaces and sociable but non-pushy staff, earning a 4.1/5 rating on review platforms. However, operational challenges include limited hours (closed Fridays/Saturdays sometimes) and aging infrastructure in the historic setting, potentially requiring maintenance. This setup advantages lessees in cultural retail but drawbacks include weak categories like electronics or fashion, leading to market saturation in crafts and lower sales potential for non-specialty goods.

Accessibility and Competition Risks

Accessibility is strong via public transport, with direct access from Mar Girgis metro station (Line 1), just a short walk away, and proximity to major tourist sites in Coptic Cairo enhancing pedestrian traffic. Parking is limited due to the historic urban density, posing challenges for car-dependent shoppers. Competition includes nearby Khan el-Khalili Bazaar, which offers broader variety but chaotic bargaining, positioning Al Fustat as a calmer alternative; however, it competes with modern malls like City Centre Maadi for middle-class spending. Rent levels remain affordable at EGP 100-200 per sqm annually, per regional reports, but risks involve tourism downturns affecting 60% of footfall and access issues from Cairo's traffic congestion. Lessees should consider these factors for sustainable performance in a heritage-driven market.

Building Details

Property Type
Shopping Mall
Gross Leasable Area
10,000
Year Built
2025
Parking Spaces
1200
Average Monthly Footfall
291,667
Owner
Saudi Egyptian Developers
Anchor Tenants
Cafes, Restaurants, Retail Shops

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
20 km
Catchment area population
750,000 People
Population growth rate
1.8 %
Median age
26 Years
Household size
3.6 Persons
Education level (tertiary)
25.0 %

Median household income
180,000 EGP per year
Unemployment rate
8.5 %
Cost of living index
35 Index (NY=100)

Retail spending per capita
1,200 USD per year
Spending on apparel
250 USD per capita
Spending on groceries
450 USD per capita
Spending on electronics
150 USD per capita

Annual foot traffic
3,500,000 Visitors
Dwell time
75 Minutes
Conversion rate
22.0 %
Sales per square meter
2,800 USD

Number of retail stores
65 Stores
Anchor tenant presence
Yes Boolean
Competitor density (same category)
3 Malls within 10km
Tenant diversity
High Qualitative
Unique Concepts
5 Unique stores

Gross Leasable Area
10,000 sqm
Number of Levels
3 Levels
Average rent per square meter
35 USD per month
Vacancy rate
7.0 %
Lease term flexibility
Medium Qualitative
Available retail space
2,500 sqm

Proximity to main roads
Direct Qualitative
Public transport access
High Qualitative
Parking spaces
1,200 Spaces
Pedestrian traffic
Moderate Qualitative

E-commerce competition
High Qualitative
Click-and-collect adoption
30.0 %
Internet penetration
65.0 %

Retail crime rate
Low Qualitative
Security measures
CCTV and guards Qualitative

Promotional events
12 Events per year
Loyalty program penetration
40.0 %
Digital signage presence
Yes Boolean

Projected foot traffic growth
5.0 %
New tenant pipeline
10 Prospective tenants
Mall expansion plans
Phase 2 in 2026 Qualitative
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