Blue Sky Mall New Capital is the latest commercial venture by HUD Developments (History for Urban Development), strategically positioned on plot G4 in the MU23 district with a direct view of the Iconic Tower and just 10 minutes from New Cairo and Mostakbal City.
The project spans a 3,366 sqm land area, comprising a ground floor plus 9 repeated upper floors, designed by Archrete Consultants and operated by HPM management company, in a strategic partnership between HUD and InvestGo.
Blue Sky Mall offers commercial, administrative, medical, and food court units with starting prices from EGP 2,900,000, a down payment of just 5%, installment plans up to 9 years, and cumulative returns reaching 175% over the payment period.
HUD Developments chose the name Blue Sky to reflect the project’s core philosophy. The blue sky symbolizes limitless ambitions and open horizons for success, a message embodied in the reflective glass facade designed by Archrete Consultants, which mirrors the sky’s reflections on the building’s exterior.
Combined with the direct view of the Iconic Tower stretching vertically toward the sky, the name serves as a true reflection of the project’s investment and architectural spirit.
Detailed Overview of Blue Sky Mall New Capital
HUD Developments presents a distinctive model of mixed-use malls in the Downtown area through Blue Sky Mall New Capital. The developer selected a strategic location on plot G4 within the MU23 district, directly facing the Iconic Tower, an area that benefits from high residential density between the R2 and R3 residential districts.
These two districts host numerous luxury compounds, guaranteeing steady daily visitor traffic from surrounding administrative and residential destinations throughout the week.
The developer engaged Archrete Consultants, one of the leading engineering consultancy firms in the New Administrative Capital, to design the project. The firm crafted facades in a modern European style that combines fluid lines with reflective glass surfaces, while HPM (Hospitality & Property Management) handles facility management and mall operations post-delivery.
This arrangement ensures investors enjoy a well-organized rental experience and stable operational flow from day one.
The internal floor distribution is functional, serving each activity independently. Commercial units occupy the lower three floors (ground, first, and second), followed by medical clinics on the third and fourth floors, with administrative offices extending from the fifth to the ninth floor. This clear functional separation prevents customer traffic overlap between different activities.
Built on a 3,366 sqm plot, the project includes a ground floor plus 9 repeated upper floors, along with 3 underground parking levels accommodating substantial vehicle capacity to prevent congestion around the mall. The mall features 3 main entrances, 4 modern elevators connecting all floors, and an outdoor plaza spanning 2,000 sqm with a dancing fountain and panoramic telescope offering views of the New Administrative Capital.
Each administrative floor includes two meeting rooms and Co-working spaces designed to serve startups and entrepreneurs.
The project also benefits from a strategic partnership between HUD and InvestGo to develop the mall’s commercial mix and curate tenants from recognized brands, a partnership that enhances investor returns and ensures continuous commercial activity within the mall.
Blue Sky Mall New Administrative Capital architectural design
Blue Sky Mall occupies plot G4 within the MU23 district in the Downtown area, one of the most vibrant zones in the New Administrative Capital in terms of residential and commercial density. The location lies between the R2 and R3 residential districts, which include numerous luxury residential compounds, guaranteeing the project a steady daily flow of visitors and customers throughout the week.
The mall is positioned directly opposite the Iconic Tower, the tallest skyscraper in Africa, and within close proximity of the Hope Axis and Mohammed Bin Zayed Axis, which connect the Downtown area to the rest of the New Administrative Capital and Greater Cairo via a network of expressways.
It also benefits from its closeness to the Green River, which extends throughout the Downtown area and provides a natural environment that enhances the investment value of every unit within the project.
Blue Sky Mall sits within an active commercial and administrative zone in the MU23 district and its surroundings, where several malls and projects serve the high residential density of the Downtown area and surrounding residential districts. Below are the most prominent neighboring projects on Real Estate Capsule:
Spinner Mall — A Radix Development project in MU23 Block E8, located directly on the Hope Axis with a ground floor and 11 repeated floors. The mall offers commercial, administrative, and medical units in diverse sizes to serve the high traffic in the area.
Larz Business Hub Mall — An integrated mall in the Downtown area combining commercial, administrative, and medical activities, designed to serve professionals and businesses in the New Administrative Capital.
M Plus Mall — A modern commercial and administrative project located in a vibrant zone of the New Administrative Capital with comprehensive services and contemporary architectural design.
Radix Agile Business Complex — An administrative and medical mall with modern design and integrated facilities, catering to the rising demand for premium office spaces in the area.
Litz Mall — A contemporary commercial and administrative project in the New Administrative Capital offering diverse unit sizes for various business activities.
Al Maqsad Compound — One of the most prominent residential compounds adjacent to the MU23 area, representing a major source of customers and foot traffic for Blue Sky Mall.
Unit Types, Areas and Prices in Blue Sky Mall
The project offers clear diversity in unit types, with each activity served independently. Retail shops occupy the lower floors to benefit from direct visitor traffic, while medical clinics take a middle position with easy access.
Administrative offices sit on the upper floors to provide privacy and open views of the Iconic Tower. Prices vary according to activity and floor as shown in the table below:
Unit Type
Floor
Area
Price From
Retail Shop
Ground and 1st
34 sqm
EGP 5,610,000
F&B Unit (Food Court)
2nd
36 sqm
EGP 6,350,400
Medical Clinic
3rd and 4th
38 sqm
EGP 2,932,650
Administrative Office
5th to 9th
37 sqm
EGP 3,116,000
It is worth noting that the prices listed are installment prices (not cash), and the price per meter starts from EGP 170,000/sqm for ground floor retail and varies up or down based on floor, facade orientation, and activity type. Ground floor retail commands the highest price per meter due to direct visitor traffic, while prices decrease gradually for upper floors.
HUD Developments has introduced four graduated payment plans in Blue Sky Mall New Capital, ranging from a very low 5% down payment with a shorter installment period, to higher down payments with extended installments reaching up to 9 years.
Cumulative returns are calculated over the entire payment period and vary inversely with the installment duration. Below are the plan details:
Down Payment
Installment Period
Cumulative Return
5%
6 years
175%
10%
7 years
150%
20%
8 years
125%
20%
9 years
100%
The project also features a Guaranteed Lease Agreement (GLA) system for unit owners who wish to lease their units immediately after delivery, with annual yields ranging between 18% and 25% depending on unit type and floor.
Installments are suspended pending lease completion if leasing is delayed, reducing investment risk and ensuring stable cash flow for the investor from the first year of operation.
Blue Sky Mall Delivery Dates
The developer adheres to announced delivery timelines, continuing the company’s track record of timely execution. Blue Sky Mall units are delivered under Core & Shell finishing for retail shops and administrative offices.
This type delivers the unit with complete structural framework, glass facades, and primary utility connections for electricity, plumbing, and air conditioning, leaving the investor free to choose interior finishing and decor that matches their business nature and brand requirements.
Medical clinics are delivered with certified medical finishing that complies with health standards and specifications required for medical practice, saving doctors the time and cost of finishing from scratch.
Blue Sky Mall Delivery Dates
Services and Facilities at Blue Sky Mall
The project offers an integrated package of services and facilities that accommodate the needs of every activity within it. These combine essential infrastructure with operational amenities that enhance the investment value of each unit and ensure a smooth experience for visitors and tenants throughout the day.
Professional Management and Operation by HPM
HUD assigned the Blue Sky Mall management and operation contract to HPM, a specialized firm in commercial facility management. This is a pivotal step that guarantees unit owners an organized operational experience, well-managed tenant flow, and regular maintenance of shared facilities.
HPM also organizes marketing events that attract visitors and boost occupancy rates, transforming each unit from mere real estate into an active investment asset generating consistent daily returns.
Archrete Design and InvestGo Partnership
The consulting firm Archrete Consultants, experienced in designing several prominent projects across the New Administrative Capital, was entrusted with the facade design and internal layout of the project in a modern European style that combines fluidity with elegance. Meanwhile, InvestGo, in partnership with HUD, handles the selection of the mall’s commercial mix by attracting recognized brands.
This strategic partnership ensures investors a diverse commercial offering that attracts visitors and prevents single-activity monopolization of the mall.
Outdoor Plaza Spanning 2,000 sqm and Dancing Fountain
The developer allocated 2,000 sqm to an outdoor plaza surrounding the mall, featuring a dancing fountain that operates to a musical rhythm and a telescope offering panoramic views of the New Administrative Capital landmarks and the Iconic Tower. The plaza also includes outdoor seating areas and pedestrian pathways, transforming the project into a leisure destination in itself that attracts visitors even outside conventional shopping hours.
Co-working Spaces and Meeting Rooms on Every Floor
The administrative floors include two meeting rooms per floor and shared Co-working spaces serving startups and freelancers. This distinguishes Blue Sky offices from other traditional offices in the Downtown area and opens leasing opportunities to a wide segment of small and medium enterprises seeking flexibility in office space.
Essential Services in Blue Sky Mall
Category
Available Services
Vertical & Horizontal Movement
4 modern elevators — Escalators distributed across all floors — 3 main entrances
Blue Sky Mall brings together several factors that make it one of the strongest commercial investment opportunities in the Downtown area, all backed by objective data on location, residential density, and management quality:
Guaranteed annual yield from 18% to 25% through the mandatory lease agreement (GLA) system, ensuring investors a stable cash flow from day one of operation. This yield rate exceeds the average bank deposit interest rates available in Egypt while preserving the real estate asset itself.
High residential density ensures continuous daily footfall. The location lies between the R2 and R3 residential districts and adjacent to Al Maqsad Compound and several luxury compounds, in addition to proximity to the Canadian University and European University, which house thousands of students daily. Additional traffic flows from Government and Diplomatic District employees in the nearby area.
Professional management and operation by HPM increases unit occupancy rates and ensures sustained commercial activity within the mall. HPM handles tenant contracts, organizes marketing campaigns, and oversees maintenance, transforming the project from a mere commercial building into a successful operational destination.
Flexible payment plans and very low down payment starting from 5% only. This makes Downtown investment accessible to a wider segment of investors, with potential cumulative returns reaching 175% over the full payment period, a strong rate compared to similar projects in the area.
Direct view of the Iconic Tower, the tallest skyscraper in Africa, enhances the promotional value of every unit within the mall and makes it an attraction landmark for visitors. Combined with proximity to the Green River, monorail station, and high-speed train corridor, these factors increase the annual price appreciation rate over the long term.
For inquiries and to book a site visit for your investment unit, contact Blue Sky Mall New Capital hotline: +201118183030
The New Administrative Capital represents the largest urban project in Egypt’s modern history and the destination of the central government, ministries, and foreign embassies.
This creates renewed and permanent demand for commercial and administrative spaces across all its areas, particularly the MU23 district, which combines residential, service, and commercial functions just minutes from the Iconic Tower.
The capital also boasts modern infrastructure, a new road network, and the high-speed train and monorail that connect it to Greater Cairo and surrounding new cities.
About HUD Developments
History for Urban Development (HUD) was founded in 2013 by Engineer Sayed Aliwa as a contracting company before transforming into a fully integrated real estate developer in recent years. The company boasts over 15 years of execution experience in the construction sector, granting it a strong track record in meeting delivery deadlines and maintaining construction quality.
The company’s rapid execution is among its most prominent competitive advantages.
HUD has successfully delivered more than 30 projects, including residential, commercial, administrative, and medical developments across New Cairo (in the Lotus, Narges, and Banafseg areas) and the New Administrative Capital, with upcoming expansions in the Fifth Settlement and the North Coast.
The company has also contributed to several major national projects, most notably the development of part of the Third Residential District in the New Administrative Capital, the construction of over 500 post offices across Egypt, and part of the Gardenia City project. The company also participated in developing the Galala Road and other government housing projects.
HUD Developments Track Record
Project
Location
Type
Third Residential District (part)
New Administrative Capital
Residential — Contracting execution
500 Post Offices
Nationwide
Government — National project
Lotus, Narges, and Banafseg projects
New Cairo
Residential — Over 30 projects
Part of Gardenia City project
New Cairo
Mixed-use residential and commercial
Galala Road
Ain Sokhna
Infrastructure — National project
Key Mall New Capital
New Administrative Capital — MU23
Commercial, Administrative, Medical
Other HUD Developments Projects on Our Site
In addition to Blue Sky Mall, HUD has launched several distinctive commercial, administrative, and medical projects within the New Administrative Capital, varying in payment plans and unit sizes to meet different investor needs. Below is the most prominent project:
Key Mall New Capital by HUD — A commercial, administrative, and medical project spanning 5,458 sqm within the MU23 district, close to the Iconic Tower, Al Massa Hotel, and the monorail station.
The mall offers units starting from 16 sqm (commercial), 22 sqm (medical), and 30 sqm (administrative), with prices starting from EGP 1,200,000. The down payment begins at just 2.5% with installments up to 10 years, making it the most accessible entry point for MU23 investment.
Book Your Investment Unit at Blue Sky Mall New Capital
Blue Sky Mall New Capital combines every success factor for commercial investment:
Plot G4 in the heart of MU23 with a direct view of the Iconic Tower and proximity to the Bin Zayed Axis, Hope Axis, and monorail station.
Archrete design, HPM management, and InvestGo partnership — three factors ensuring execution quality and operational success.
Mandatory lease agreement with annual yield reaching 25%, ensuring stable cash flow from day one.
Down payment from 5% with installments up to 9 years and cumulative returns reaching 175%.
Integrated infrastructure including 3 parking levels, 4 elevators, a 2,000 sqm plaza, food court, and Co-working spaces.
To book and inquire about the latest prices and payment plan details, contact Blue Sky Mall New Capital hotline: +201118183030
Available daily from 10 AM to 10 PM
Frequently Asked Questions
What is the location of Blue Sky Mall New Capital?
Blue Sky Mall is located on plot G4 within the MU23 district in the New Administrative Capital, directly facing the Iconic Tower and close to the Hope Axis, Mohammed Bin Zayed Axis, and monorail station, between the R2 and R3 residential districts.
What unit types are available in Blue Sky Mall?
The project includes 4 unit types: retail shops on the ground and first floors, food court units on the second floor, medical clinics on the third and fourth floors, and administrative offices from the fifth to the ninth floor.
What is the price per meter at Blue Sky Mall New Capital?
The price per meter starts from EGP 170,000/sqm for ground floor retail shops and varies depending on the floor, activity type, and facade orientation. Ground floors command the highest price per meter due to direct foot traffic, while prices decrease gradually for upper floors.
What are the payment plans at Blue Sky Mall?
The project offers four graduated payment plans: 5% down payment with 6-year installments and 175% cumulative return, 10% with 7 years and 150% return, 20% with 8 years and 125% return, and 20% with 9 years and 100% return.
Does Blue Sky Mall offer a Guaranteed Lease Agreement (GLA)?
Yes, the developer provides a Guaranteed Lease Agreement for owners who wish to lease their units immediately after delivery, with annual yields ranging between 18% and 25% depending on unit type and floor. Installments are suspended pending lease completion if leasing is delayed.
Who manages and operates Blue Sky Mall?
HPM (Hospitality & Property Management) handles the management and operation of Blue Sky Mall post-delivery. HPM is a specialized firm in commercial facility management, tenant contract handling, and marketing event organization to maintain high occupancy rates.
Who is the engineering consultant for Blue Sky Mall?
HUD Developments engaged Archrete Consultants to design Blue Sky Mall. Archrete is one of the leading engineering consultancy firms in the New Administrative Capital, known for designing modern European-style facades with reflective glass surfaces.
What is the finishing type at Blue Sky Mall?
Retail shops and administrative offices are delivered under Core & Shell finishing (full structural framework with primary utility connections), while medical clinics are delivered with certified medical finishing that complies with health standards and medical practice requirements.
What is Blue Sky Mall hotline?
Blue Sky Mall New Capital hotline is +201118183030. The sales team is available daily from 10 AM to 10 PM to respond to all inquiries.
What is HUD Developments hotline?
To contact HUD Developments sales team and learn about all their projects in the New Administrative Capital and New Cairo, call +201118183030.
What is the sales number of HUD Developments?
To contact the company's sales team and inquire about its other projects, call: +201118183030
What is the sales number of Blue Sky Mall?
To book and inquire about the available units, latest prices and payment plans in Blue Sky Mall, contact the sales team at: +201118183030
Y.Abdelkareem — real estate content editor at Real Estate Capsule since mid-2025, with more than 150 published projects in Arabic and English. She specializes in the New Administrative Capital — the largest file in her coverage, spanning malls, compounds, and towers — alongside Fifth Settlement and Sheikh Zayed projects. She writes unit details, prices, and payment plans from developer data, and her articles are reviewed by Shady El-Marassi before publication.
