OKAN 2 Mall New Capital by EL EZZ Developments

Right on the Downtown central axis, directly facing the Central Bank of Egypt, El Ezz Developments has launched its newest administrative landmark in the New Administrative Capital — OKAN 2 Mall New Capital, with prices starting at 120,000 EGP per square meter, a 10% down payment, and installments extending up to 10 years interest-free, alongside professional management and operation under a final contract from day one.

The project sits on plot A1 in the Financial District, with a panoramic view overlooking the Ministries Axis and Capital Park, while the façade design is signed by Spain’s Touza Arquitectos — a firm with more than 2,500 projects worldwide — with EOI reservations starting at just 50,000 EGP.

OKAN 2 Mall New Capital

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About OKAN 2 Mall New Capital

OKAN 2 continues El Ezz’s journey in the Financial District following the strong performance of its first project, OKAN 1. This time the company has secured an unmatched location directly facing the Central Bank of Egypt and just two minutes from the Parliament, turning the building into a natural headquarters for financial institutions and corporates that interact daily with the government ecosystem.

The developer has dedicated the entire project to administrative units, with no commercial or medical mix, so the building is structured as a ground floor plus seven repeated office floors, each offering flexible internal layouts that can be partitioned according to tenant requirements. This gives the project a clear identity as a specialized business hub serving institutions, representative offices, and growing companies in one envelope.

The architectural design is delivered by Spain’s Touza Arquitectos, a firm with more than half a century of experience and 2,500+ international projects, while engineering supervision is handled by Moharram-Bakhoum and Bond Consulting Engineers, with MAF serving as MEP consultant — a firm responsible for over 250 projects since 2008. This consultant lineup is rarely assembled together in any other administrative project across the Financial District.

OKAN 2 Mall Location

A particularly weighty advantage in any investment decision: El Ezz has signed an operation contract with NAMAA, one of the region’s largest property management companies, currently overseeing more than 75,000 square meters leased to international tenants — backed by experience dating from 1998. This guarantees that units are leased and operated professionally from the very first day of handover.

The project also features a smart environmental system, recycling rainwater and grey water for landscape irrigation and plaza cleaning. The northern façade is fully glazed and stretches 125 meters wide, providing abundant natural lighting and reducing daytime energy consumption inside the offices.

OKAN 2 Mall Project Details Table

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OKAN 2 Mall Location

OKAN 2 occupies what is widely considered one of the strongest administrative locations in the entire New Capital. Plot A1 in the Financial District directly faces the Central Bank of Egypt and offers a panoramic view onto the Ministries Axis with a frontage of 120 meters. This places the project’s offices at the heart of the daily flow of business executives, government officials, and banking professionals — a level of exposure that no other plot inside the Financial District can replicate.

The building’s direct view onto Capital Park (one of the largest parks in the Middle East) further enhances unit value. The open vista transforms the workplace from a functional space into a visual experience that influences both employee productivity and the impressions clients form about the institutions operating inside.

This site selection reflects a deep understanding of how administrative work functions in the New Administrative Capital. Proximity to the Central Bank means daily transactions with the country’s financial system without long commutes, while the building’s connection to the Bin Zayed axes and the main monorail station makes it accessible from Cairo, New Cairo, and Badr City. Tenants therefore draw from a wider geographic talent pool than any other building in the Financial District.

Landmarks Near OKAN 2 Mall

Neighboring Projects to OKAN 2 Mall

The project sits within one of the most densely developed administrative zones in the New Capital, surrounded by several leading malls and office towers that share its Financial District and Downtown context.

• Modad Mall: An administrative project inside the Financial District itself, made up of three separate buildings with panoramic glass façades and an open central plaza, distinguished by proximity to the Iconic Tower.
• M Plus Mall: A commercial-administrative project on the South Bin Zayed Axis with a ground floor and nine repeated floors — retail on the ground level and offices above, with flexible unit sizes.
• 31 North Tower: A service and hotel tower rising 131 meters in the CBD, with a design inspired by Burj Khalifa in Dubai.
• Levels Business Tower: One of Downtown’s tallest towers at 153 meters with 41 floors mixing commercial, administrative, and hotel uses.
• East Tower Mall: Located in the CBD overlooking the Green River and the Iconic Tower, combining administrative, retail, and hospitality units.
• Evolve Tower: Two separate towers — one commercial, one administrative with sixteen floors — with units starting from 32 sqm.
• Taj Tower 2: A commercial-administrative project on 12,500 sqm in the CBD, overlooking the Iconic Tower and Capital Park.

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Unit Types, Sizes & Prices in OKAN 2 Mall

El Ezz has priced the units in a way that reflects both the strength of the location and the scale of investment in international consultants. The price per square meter strikes a balance between the direct frontage on the Central Bank and the proximity to financial and government bodies, while the wide range of unit sizes accommodates startups and large corporates equally.

The price per square meter inside OKAN 2 varies according to floor, view, and position within the building. Units with façades overlooking the Central Bank and Capital Park carry a premium over interior units, and upper floors are priced with calibrated differentials based on the view they offer.

Units in OKAN 2 Mall New Capital

Payment Plans in OKAN 2 Mall

The project offers five flexible payment plans that scale from the lowest down payment to the longest installment period, allowing investors to choose the plan that fits their cash flow and post-handover operating strategy.

The reservation fee (EOI) is set at just 50,000 EGP, allowing buyers to secure their unit during the early launch phase and benefit from initial pricing. Cash discounts are also available and can be negotiated with the sales team based on the prepayment ratio and timing of settlement.

Delivery Schedule for OKAN 2 Mall

The project is delivered under an immediate handover model with a final contract and full finishing — including central air conditioning, lobby, reception, and private entrances. This sets it apart from most administrative projects in the area, which are delivered Core & Shell, since tenants here can begin operations the moment they receive the keys, with no additional finishing investment required.

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Services & Amenities at OKAN 2 Mall

NAMAA Property Management

The project’s day-to-day operation is handled by NAMAA under a final management contract that begins on day one. NAMAA is a specialized property management firm with a track record covering more than 75,000 square meters leased to international clients, and experience dating from 1998. This gives the owner three decisive advantages for any administrative unit:

1. Fast leasing under professional standards
2. Regular maintenance that preserves asset value
3. Operational discipline that protects the image of companies operating in the building

The Open Circular Plaza

The plaza spans more than 7,500 sqm in a circular open layout, with the building wrapping around it in a half-loop. This gives most units a unique view onto the plaza and the green areas, while fountains and external seating turn it into a meeting point between the building’s tenants and visitors and add a distinctive character to the daily user experience.

The plaza serves a functional purpose beyond pure design — it can host events and field conferences, and allows companies inside the building to organize networking events and open promotional showcases. Its perimeter also houses cafés and Food Court outlets that serve building tenants alongside visitors to the Central Bank and the surrounding ministries, turning the project into a daily destination for an audience much wider than just office users.

Environmental System & Water Recycling

The project relies on a smart environmental system that recycles rainwater and grey water for landscape irrigation and for cleaning entrances and walkways. This reduces monthly operating costs and reflects the developer’s commitment to the sustainability standards applied in modern administrative buildings.

This environmental setup helps lower the maintenance fees passed on to owners, with potential savings reaching 25% of annual water consumption costs. It also gives the building a competitive edge in attracting multinational corporations whose lease policies require buildings that comply with LEED and sustainability standards.

The Smart Glass Façade

The northern façade is fully glazed across its 125-meter length using reflective glass designed by Touza Arquitectos. The glass admits natural light into the units without harsh glare, while its thermal treatment insulates the interior temperature and reduces air-conditioning consumption.

Core Services at OKAN 2 Mall

OKAN 2 Mall Project

Investment Advantages of OKAN 2 Mall

The project brings together factors rarely found in one place across the New Capital’s administrative real estate market — and each one is supported by real data rather than marketing language.

1- Direct Façade on the Central Bank with Exceptional Footfall: The building stands at the center of an ecosystem that includes the Central Bank, Banque Misr, the Ministries Complex, and the Parliament — institutions that handle daily traffic from thousands of employees, government delegations, and business executives. This generates strong organic footfall that supports the activity of every office and company inside the project.

2- A Final Management Contract with NAMAA Ensures Fast Leasing: With a property manager that already has an existing client base of international firms, units become leasable from the first moment of handover, with high occupancy rates and long-term lease contracts. This shifts the investment from a risk into a near-guaranteed yield.

3- Full Finishing & Immediate Handover: Most administrative projects deliver Core & Shell, costing the owner extra money and additional months of finishing work. OKAN 2 hands over fully finished with AC and lobby in place, so the owner enters the revenue cycle immediately upon receipt — no additional capital required.

4- Diverse Sizes Serve Multiple Tenant Segments: Units start from 38 sqm — ideal for startups and representative offices — and extend to full floors of up to 4,000 sqm for major corporations. This means a wide pool of potential tenants rather than dependency on a single segment.

5- Competitive Launch Pricing Compared to the Financial District Average: The price per square meter starts at 120,000 EGP in a location that does not compare to any other administrative project inside plot A1. As the Financial District matures and the banks reach full operating capacity, prices are expected to rise meaningfully during the early years after delivery.

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Why Invest in the New Administrative Capital?

The New Administrative Capital sits at the top of Egypt’s fourth-generation city projects led by the state. It accommodates the entire Egyptian government apparatus alongside banks, embassies, and major institutions, and runs on smart infrastructure and a transport network that includes the monorail and the electric train.

This concentration of government and institutional activity makes commercial and administrative investment inside the city a long-term opportunity backed by expected population growth and a daily inflow of business professionals.

Deeper details about the city and its investment landscape are available on the New Administrative Capital page.

About El Ezz Developments

El Ezz Developments was established in 2007 as the real estate arm of Al Badr Group, founded by Engineer Moutaz Mahram back in 1991. The parent group today comprises 14 companies operating across 6 countries and three continents — Europe, Asia, and Africa.

The board of directors includes Eng. Moutaz Mahram alongside Eng. Rami Moutaz, Eng. Mohamed Moutaz, and Eng. Amir Moutaz. Over its operating history, the company has delivered more than 27,000 units across a built-up area exceeding 16 million square meters, with an investment portfolio spanning 13 countries and six international offices.

The company’s working philosophy centers on partnerships with leading engineering and consultancy houses. It has consistently collaborated with Touza Arquitectos of Spain, the Moharram-Bakhoum group, and DSC — the leading architectural consultancy in the Arab world — alongside Bond Consulting and MAF for MEP. This explains the execution standard that distinguishes its projects, whether in the Financial District of the New Administrative Capital or across the Gulf markets.

El Ezz Developments Track Record

Similar Commercial & Administrative Projects in the New Capital

Beyond the neighboring projects mentioned above, the New Administrative Capital hosts a wide selection of commercial and administrative projects worth comparing before making an investment decision:

• Tycoon Tower: Africa’s tallest vertical city at 233 meters and 50 floors in the heart of Downtown, managed by Grand Millennium International.
• West View Complex Mall: In Downtown on the western axis, facing the Iconic Tower and Al Massa Hotel, with administrative, commercial, medical, and hotel units.
• Hilton Tower: A hotel-administrative project near the Iconic Tower and the Green River, with a panoramic view onto Capital Park.
• Wujha Mall: A commercial-administrative-medical project with a guaranteed lease agreement of 20% to 30%.
• Pyramids Mega Mall: The largest mall project in the New Capital on 152 feddans, combining commercial, entertainment, and administrative uses.
• Béma Mall: A commercial-administrative project in MU23 on Al Amal Axis, managed by KAD Property Management.
• Key Mall: A mixed-use project in MU23 with commercial, administrative, and medical units, with prices starting at 1,500,000 EGP.
• Circle Mall: A compact project in MU23 with a ground floor and nine upper floors, overlooking the Iconic Tower.

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Reserve Your Investment Unit at OKAN 2 Mall New Capital

OKAN 2 Mall New Capital brings together rare investment factors in a single location — the direct frontage on the Central Bank, the final management contract with NAMAA, the Spanish design by Touza Arquitectos, and the fully finished delivery from day one. Together they make the project an investment unit that generates measurable returns from the moment of handover.

OKAN 2 with prices starting from 120,000 EGP per square meter, a down payment of just 10%, and installments extending up to 10 years, the project opens the door of investment in the Financial District to startups and major corporations alike.

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