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Fast FashionMid-Market FashionInternational ChainsNational ChainsMixed-Use & Office Traffic

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Ultra-Luxury PositioningDiscount RetailEntertainment Concepts

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Heliopolis Plaza is a compact commercial property in the affluent Heliopolis district of Cairo, Egypt, with a total built-up area of 2,700 square meters. Primarily an administrative building, it incorporates retail exhibition spaces on the ground floor and mezzanine, supported by two basement parking levels for approximately 100 vehicles. Located near key thoroughfares like the Cairo Airport Road, it benefits from strong accessibility to residential areas, the international airport, and business hubs.

The Heliopolis market features a demographic of upper-middle-class professionals, expatriates, and families, with household incomes averaging EGP 50,000-100,000 monthly, fostering demand for quality retail.

Tenant mix emphasizes functional retail such as showrooms, specialty stores, and service-oriented outlets, differing from the fashion-heavy profiles of nearby giants like Citystars Heliopolis (over 700 stores) or Almaza City Centre. As a neighborhood-oriented venue, it holds a niche position in Cairo's retail landscape, where overall occupancy rates hover at 88% per 2024 JLL reports, and prime mall rents have risen 7.6% year-on-year to EGP 1,200-1,500/sqm annually.

Leasing advantages include potentially lower base rents (EGP 500-800/sqm) and shorter terms suitable for emerging retailers, alongside reduced competition in non-luxury categories. However, drawbacks encompass limited footfall (estimated 4,000-8,000 daily), vulnerability to traffic congestion, and exposure to broader market saturation in Egypt's 40+ shopping centers.

Operational quality appears standard, though infrastructure updates may be needed to compete with modern facilities.

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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 — 10:00 PM
Saturday10:00 AM — 10:00 PM
Sunday11:00 AM — 06:00 PM
Holiday Hours

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

2 Ali Rashid Street, Cairo, Egypt

Insights

Demographics and Accessibility

Heliopolis district serves a demographic of approximately 200,000 residents, predominantly affluent professionals and expatriates with high disposable incomes, supporting consistent retail demand. Accessibility via major roads and proximity to Cairo International Airport (5-10 km) aids commuter traffic, but peak-hour congestion reduces efficiency. Footfall metrics for similar small plazas indicate 5,000-7,000 visitors daily, lower than regional malls' 20,000+, emphasizing local rather than destination appeal for tenants.

Competition and Tenant Mix

Intense competition from established malls like Citystars (700 stores, diverse international brands) and Sun City (airport-adjacent, 150 outlets) pressures general retail categories, with market saturation in apparel at 25% over-supply per Savills reports. Heliopolis Plaza's tenant mix favors administrative-retail hybrids, offering niches for professional services, auto showrooms, or local goods, but weak in entertainment, potentially limiting synergy and cross-traffic for pure retailers.

Lease Terms and Operational Risks

Retail rents in Heliopolis average EGP 600-900/sqm annually, with Heliopolis Plaza likely at the lower end due to its scale, providing cost advantages over prime malls (EGP 1,200+). Lease terms often include 3-5 year options with escalation clauses tied to inflation (10-15%). Risks include potential aging infrastructure requiring capex, economic fluctuations impacting Egypt's retail sales (down 2% in 2024 per CAPRE), and category weaknesses in non-essentials amid 12% unemployment in the area.

Building Details

Property Type
Shopping Mall
Gross Leasable Area
151,000
Year Built
2004
Parking Spaces
1200
Average Monthly Footfall
208,333
Owner
Golden Pyramids Plaza
Anchor Tenants
Zara, H&M, Mango, Adidas, Mothercare

Detailed Market Analytics

Primary Catchment Area
5 km radius
Secondary Catchment Area
10 km radius
Catchment area population
1,200,000 People
Population growth rate
1.8 %
Median age
28 Years
Household size
3.2 Persons
Education level (tertiary)
35.0 %

Median household income
8,500 USD
Unemployment rate
6.5 %
Cost of living index
35 (NY=100)

Retail spending per capita
1,300 USD
Spending on apparel
250 USD per capita
Spending on groceries
600 USD per capita
Spending on electronics
150 USD per capita

Annual foot traffic
2,500,000 Visitors
Dwell time
85 Minutes
Conversion rate
18.0 %
Sales per square meter
2,200 USD

Number of retail stores
120 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
3 Malls per 10km
Tenant diversity
75.0 %
Unique Concepts
4 Concepts

Gross Leasable Area
151,000 sqm
Number of Levels
4 Levels
Average rent per square meter
28 USD
Vacancy rate
4.0 %
Lease term flexibility
High Flexibility
Available retail space
2,000 sqm

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

E-commerce competition
High Competition
Click-and-collect adoption
25.0 %
Internet penetration
72.0 %

Retail crime rate
Low Rate
Security measures
CCTV and guards Measures

Promotional events
12 Events per year
Loyalty program penetration
40.0 %
Digital signage presence
High Presence

Projected foot traffic growth
5.0 %
New tenant pipeline
10 Tenants
Mall expansion plans
Phase 1 planned Plans
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