Concord Plaza Mall, New Cairo — Stores, Map & Hours

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Brand Fit Snapshot

Best for:

Premium Dining & LifestyleSpecialty RetailHealth & WellnessLocal ServicesMixed-Use & Office Traffic

Not ideal if:

Large Footprint RetailHyper-Local ConceptsDiscount Retail

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Concord Plaza Mall is located in the Fifth Settlement area of New Cairo, Egypt, a rapidly developing suburb known for its upscale residential communities and business districts.

Spanning three floors, the mall features 54 retail and commercial units with an open-air design that provides direct access to outdoor spaces and dedicated parking facilities. The tenant mix includes a variety of retail outlets, dining options, sports centers, medical services, financial institutions, and telecom providers, catering to everyday needs and leisure activities. As part of East Greater Cairo's retail landscape, it occupies a mid-tier position in a market characterized by strong residential growth and increasing consumer spending.

New Cairo's population exceeds 500,000 residents, primarily young professionals and families with middle to upper-middle incomes, driving demand for convenient shopping experiences.

Leasing advantages include flexible unit sizes suitable for small to medium retailers, competitive rental rates averaging around 900-1000 EGP per square meter per month based on Greater Cairo benchmarks, and high visibility due to the open layout. The property benefits from proximity to major roads like the Cairo-Suez Road, enhancing accessibility. However, the mall faces challenges from larger regional competitors and economic fluctuations affecting retail occupancy, which stands at approximately 85% in the broader East Cairo submarket.

Overall, it offers a balanced opportunity for retailers targeting local demographics, though success depends on adapting to mixed-use traffic patterns and potential infrastructure upgrades in the area.

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Hours of Operation

Hours

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Monday	10:00 AM — 09:00 PM
Tuesday	10:00 AM — 09:00 PM
Wednesday	10:00 AM — 09:00 PM
Thursday	10:00 AM — 09:00 PM
Friday	10:00 AM — 10:00 PM
Saturday	10:00 AM — 10:00 PM
Sunday	11:00 AM — 06:00 PM

Holiday Hours

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

90th Street, New Cairo, Egypt

Insights

Demographics and Footfall

New Cairo's demographic profile features a young, affluent population with over 60% under 35 years old and average household incomes above the national median, supporting consistent retail demand. Footfall at Concord Plaza benefits from nearby residential compounds, estimating 5,000-7,000 daily visitors during peak hours, driven by its community-oriented setup. However, seasonal variations and competition from online shopping could impact sustained traffic, requiring retailers to focus on experiential offerings to capture local spending, which averages 15-20% higher than central Cairo areas.

Occupancy and Tenant Mix

Occupancy rates in East Greater Cairo retail spaces hover around 85-90%, with Concord Plaza maintaining similar levels due to its diverse tenant composition that includes essential services and leisure anchors. The mix emphasizes convenience retail, with 40% fashion and accessories, 30% food and beverage, and 30% professional services, fostering cross-shopping. Drawbacks include limited anchor tenants compared to mega-malls, potentially limiting draw from beyond the immediate 5-10 km radius, and risks of category saturation in fashion amid economic pressures.

Lease Terms and Market Risks

Rental levels at Concord Plaza align with East Cairo averages of 940 EGP per SQM per month, with terms typically offering 3-5 year leases and incentives like rent-free periods for initial setup. Accessibility via major highways supports logistics, but traffic congestion in New Cairo poses minor delays. Key risks involve regional competition from larger venues like Cairo Festival City, which boasts higher footfall of over 20,000 daily, and broader market saturation in non-essential retail categories. Retailers should evaluate economic volatility, with vacancy rates dropping to 7.2% in 2025 but sensitive to inflation, emphasizing the need for resilient business models.