Off-Plan
I Capital Developments
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Off-Plan
I Capital Developments is an Egyptian joint-stock real estate company founded in 2006 and headquartered in New Cairo. The firm operates as a development arm of Jadeer Real Estate Group.
I Capital concentrates almost exclusively on downtown commercial, administrative, and medical projects inside the New Administrative Capital, with a single residential extension in New Cairo.
The company was established by Engineer Mahmoud Abu El Khair, who steered I Capital's expansion deep into the New Capital's downtown district, where a 50-metre-wide avenue connecting the firm's two flagship malls now officially carries the name "I Capital Street."
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Company Overview
Since 2006, I Capital Developments has built a tightly focused portfolio of commercial, administrative, and medical projects inside the New Administrative Capital, plus one residential project (Orla Residence) in New Cairo.
The company partners with the Engineering Authority of the Egyptian Armed Forces and Arab Contractors on construction, which gives its projects strong delivery credibility and materially lowers buyer-side risk on long installment plans.
As part of Jadeer Real Estate Group, I Capital leverages its parent group's 15-plus years of Egyptian market experience, while specializing in the downtown mixed-use mall format that serves the surrounding residential districts of the New Capital.
Track Record & Project Portfolio
The flagship project is Cloud 7 Business Complex, a downtown mall housing retail shops and medical clinics in unit sizes from 37 to 47 sqm, scheduled for handover in 2026.
Directly opposite Cloud 7 stands Cloud 8 Business Complex, a commercial, administrative, and medical mall delivered through 2025 Q4.
Pricing at Cloud 8 starts from EGP 21,800 per sqm, with overall unit prices opening at EGP 680,000 for the smallest formats. The two malls face each other across the 50-metre I Capital Street, creating a mutually reinforcing retail micro-district.
Beyond these two anchors, the company has launched Midly Business Complex as a further New Capital commercial project, and holds Orla Residence as its single residential compound in New Cairo.
Areas Served
The bulk of I Capital's portfolio sits inside the New Administrative Capital, specifically the downtown district that serves the surrounding residential neighbourhoods R7, R8, and R3. This positioning gives every project a steady captive demand base from New Capital residents, rather than depending on transit footfall alone.
The company's head office is in New Cairo, which also hosts its only residential project, Orla Residence. New Cairo is therefore the operational base while the New Administrative Capital remains the actual development arena.
I Capital Project Guide
The portfolio splits into three buckets: downtown commercial, administrative, and medical malls (Cloud 7, Cloud 8, Midly), residential (Orla Residence), and a pipeline of future launches.
The economic centre of gravity is the downtown mall category, which targets yield-seeking investors buying retail units, clinics, and offices for rental income inside the New Capital.
Cloud 7 clinics are aimed at doctors and medical practice operators, while Cloud 8 commercial and administrative units target investors looking for entry-level commercial price points in the downtown district.
Why Buy from I Capital Developments?
The first advantage is construction credibility. Partnering with the Engineering Authority of the Armed Forces and Arab Contractors reduces the two biggest buyer-side risks in any Egyptian off-plan purchase: delivery delay and finish-quality slippage.
For an investor signing a multi-year installment plan, the construction partner's strength is the most important guarantee on the contract — and arguably the single biggest pricing-of-risk factor.
The second advantage is geographic clustering. Owning two facing malls on a street named after the company creates what retail analysts call a "high-street effect" — each project amplifies traffic and tenant demand for the other, lifting yields on both sides of I Capital Street.
The third advantage is group backing. Being part of Jadeer Real Estate Group gives I Capital deeper financial reserves than a stand-alone newcomer, materially lowering the risk of funding-gap delays mid-construction.
Frequently Asked Questions
When was I Capital Developments founded?
I Capital Developments was founded in 2006 as an Egyptian joint-stock company by Engineer Mahmoud Abu El Khair, and operates as part of Jadeer Real Estate Group.
What are I Capital's main projects?
The flagships are Cloud 7 Business Complex and Cloud 8 Business Complex in the New Administrative Capital downtown district, alongside Midly Business Complex and the Orla Residence compound in New Cairo.
Does I Capital offer installment plans?
Yes. Cloud 7 and Cloud 8 units are sold on flexible installment plans with a down payment and multi-year payments. Terms vary by unit type (retail shop, medical clinic, administrative office).
Where are I Capital's projects located?
Most projects are inside the downtown district of the New Administrative Capital, while the Orla Residence residential compound is in New Cairo, where the company's head office is also based.
What sets I Capital apart from other developers?
Construction partnerships with the Armed Forces Engineering Authority and Arab Contractors, plus the geographic clustering of Cloud 7 and Cloud 8 facing each other on a street officially named after the company.