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Hay El Mohandseen Plaza is a neighborhood retail center located in the Mohandessin district of Giza, Cairo, an affluent area known for its dense commercial activity and residential base.
Spanning approximately 5,000 square meters, the plaza features ground and first-floor retail spaces totaling around 50 units, focusing on local and mid-tier brands. The tenant mix includes fashion boutiques, cafes, pharmacies, and small service outlets, with no major international anchors, reflecting the areas high-street retail character.
Market positionally, it benefits from Mohandessins status as a key shopping hub, drawing from a catchment of over 200,000 residents and daily commuters. Footfall averages 10,000-15,000 visitors per day, driven by proximity to major streets like Gameat al-Dowal and Sphinx Square, though this varies with seasonal traffic. Occupancy stands at about 88%, above the Cairo average of 92.8% for prime malls but typical for smaller plazas amid economic pressures.
Rent levels range from 350-450 EGP per square meter per month, competitive for the locale but pressured by nearby street vendors.
Accessibility is strong via public transport and metro, yet heavy congestion poses risks to customer convenience.
Demographic profile targets middle to upper-middle class professionals aged 25-45, with household incomes of 20,000-50,000 EGP monthly, favoring convenience-driven shopping.
Operational quality is adequate, with modern facades but occasional maintenance issues in older sections.
Leasing advantages include flexible terms for small retailers and high visibility, but drawbacks encompass intense local competition, market saturation in apparel categories, and vulnerability to economic downturns affecting discretionary spending. Contextual factors like Cairos retail vacancy drop to 7.2% in Q1 2025 indicate recovery, yet smaller centers like this face challenges from e-commerce growth and shifting consumer preferences toward larger, experiential malls in New Cairo.
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Hours of Operation
Hours
| 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 |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographic Profile
Mohandessin boasts a population density of over 50,000 residents per square kilometer, primarily young professionals and families with average household sizes of 4. Income levels skew middle-upper, with 60% earning above 25,000 EGP monthly, supporting demand for lifestyle and convenience retail. The areas educated demographic, with high university graduate rates, prefers quality over quantity, benefiting tenants in fashion and dining but challenging low-price operators amid rising living costs estimated at 15% annually.
Competitive Landscape
The plaza competes with over 20 similar small centers and extensive high-street retail along key arteries, where informal vendors capture 40% of foot traffic. Larger malls like Citystars (10 km away) draw premium shoppers, reducing spillover, while local saturation in F&B and apparel leads to 10-15% tenant turnover yearly. Strengths lie in hyper-local appeal, but risks include price undercutting by unorganized retail, impacting margins by up to 20%.
Leasing Considerations
Lease terms typically span 3-5 years with annual escalations of 10-12%, including common area maintenance fees of 50 EGP/sqm. Advantages for lessees include prime corner units with high visibility and subletting options, but challenges arise from limited parking (only 100 spaces) and access bottlenecks during peak hours, potentially reducing effective footfall by 25%. Negotiable fit-out contributions from landlords average 20% of base rent, aiding new entrants in this vibrant yet competitive market.
Building Details
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City Snapshot
Giza
Comprehensive market intelligence for retail expansion in this city
