Exploring the Prime Location Benefits of the Rubix Commercial Project

This report pertains to the Rubix Commercial Project in New Cairo, Egypt. The Rubix New Cairo project comprises commercial spaces, including shops and offices. The site is on North 90th Road, New Cairo 1, Cairo Governorate. The project has been launched and is expected to be completed within three years.

In 2020, the construction industry in Egypt, including the New Administrative Capital, faced concerns about the impact of COVID-19. However, Despite this, Urban Edge Developments, an Egyptian developer, laid the groundwork for the Rubix project in New Cairo.

In 2021, Urban Edge Developments officially launched the Rubix project. Moreover, the project covers an area of 3,000 square meters and is chaired by Abdelaziz Elganzory. The chairman aims to generate sales revenue worth one billion Egyptian pounds ($20.5 million).

In 2022, the Rubix project announced a four-storey development featuring shops and offices. Furthermore, IEC is the project's lead consultant, while MRB will operate it. Also, In 2023, the project highlighted its strategic location, featuring two facades catering to different target audiences. They are also introducing Customizable FLEXSPACE modules to meet unique business requirements.

The ground floor, with flexible space adaptation, is designated for restaurants, coffee shops, and car showrooms. The first floor features a diverse tenancy mix, accommodating various retail options. The second and third floors offer flexibility for different business needs.

In 2024, the construction progress of the Rubix project will be monitored, focusing on meeting the three-year delivery timeline. Furthermore, ongoing sales efforts will continue to meet the targeted revenue.

This report comprehensively overviews the Rubix commercial project in New Cairo, Egypt. It covers the project's progression, features, and critical aspects, underscoring its significance in the local real estate and construction landscape. The project has attracted several bidders and contractors, with IEC as the lead consultant and MRB operating the project.

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