Asaal Developments projects in 6th of October City
Egyptian developer of commercial and mixed-use destinations — developer of Spade Mall in 6th of October City.
About the company
ASAAL Developments is an Egyptian developer of commercial, administrative and mixed-use destinations, with a portfolio it states at EGP 3.6 billion and more than 450,000 sqm of investment on the ground. The company was established in 2023 and is backed by Kadry Group and Al Malkya Al Hadesa, which bring more than 15 years of commercial experience behind its projects. Its chairman and chief executive is Ahmed Kadry. ASAAL describes its approach as "Confident Investments, Trusted Futures" — destinations selected for long-term value rather than a quick sale.
Establishment and history
The group's commercial history starts with Al Malkya Al Hadesa in 1980, one of Downtown Cairo's leading commercial developers and the company behind one of the largest commercial destinations on Republic Street. Kadry Tools followed in 2020, supplying industrial equipment and professional tools to more than 300,000 customers and working with over 70 international brands. ASAAL Developments itself was established in 2023, launched Spade Mall in 2024 and Matajer West in 2026, and says it is expanding into further mixed-use and commercial destinations across Egypt.
Group and subsidiaries
ASAAL Developments stands on two commercial arms. Kadry Development developed Souk Kadry, the integrated destination for industrial equipment and contracting supplies in Ramses, and Kadry Tools supplies the same trade from inside the group, while Al Malkya Al Hadesa brings the Downtown Cairo commercial record. The group states 250 employees across its companies and an execution capacity above 500,000 sqm.
Ownership and management
Ahmed Kadry is chairman and chief executive. In the company's own profile he describes real estate as "more than buildings and investments" — destinations that generate opportunity and lasting value — and builds a portfolio of commercial and mixed-use projects designed for future generations of businesses and investors. The company's stated mission is to lead through innovative development, secure investments and customer experience, and its stated values are trust, confidence, innovation and speed.
Top projects
Spade Mall is the company's listing on AhlanHomes: a mixed-use destination of retail, F&B, clinics and offices directly on Gamal Abdel Nasser Axis in 6th of October City, on 5,803 sqm of land, with more than 3,600 sqm of retail over two floors, 4,000 sqm of offices and 4,000 sqm of medical space, two buildings linked by a skywalk around a landscaped central plaza, and a rooftop entertainment and business area. Offices and clinics are delivered fully finished.
Matajer West is ASAAL's newest commercial destination, on the Central Axis in 6th of October City, built around showroom-scale retail with facade heights reaching 12 metres.
Souk Kadry, by Kadry Development, is the group's destination for industrial equipment and contracting supplies on Al Gomhouria Street in Ramses, on 2,000 sqm with finished commercial units from 12 to 60 sqm.
Why invest with ASAAL
The company brings 15 years of commercial expertise from its group, and its projects sit on main axes — Gamal Abdel Nasser Axis and the Central Axis in 6th of October City, and Al Gomhouria Street in Ramses. Units are delivered finished, the mix covers commercial, administrative and medical use, and the group's own record is in commercial destinations built for long-term trade.
Where Asaal Developments builds
Compounds by Asaal Developments
Frequently asked about Asaal Developments
How many compounds does Asaal Developments list on Ahlan Homes?
One, in 6th of October City.
What is the compound on the Asaal record called?
Spade Mall.
What is Spade Mall?
A commercial development built around a landscaped central plaza with skywalk bridges and a rooftop entertainment zone.
What facilities does the record list?
A padel court, a CrossFit area, a meditation zone, a kids area and a food and beverage area.
Which landmarks are recorded around the address?
The record carries no landmark names for the development.
What delivery date does the record carry?
The record gives 2027 as the handover year.
Is the Asaal development commercial or residential?
Commercial, and the page groups it among the developer's commercial destinations in west Cairo.
What does the page record about Asaal Developments itself?
The catalogue carries the developer name and one commercial compound; no founding year or years-of-experience figure is recorded.
Which compounds does Asaal Developments have on Ahlan Homes?
We list 1 compound by Asaal Developments, including Spade Mall. The list on this page is the live one — prices and availability follow the catalogue.
What payment plans does Asaal Developments offer?
Across Asaal Developments' compounds on Ahlan, down payments start from 15% and instalments run up to 5 years. Terms differ by compound and by unit — each listing carries its own plan.
When do Asaal Developments units hand over?
Handover dates across Asaal Developments' compounds on Ahlan start from 2027. Each compound page carries its own delivery date, and ready-to-move units are marked as such.