Hub 88 is the latest project for EIGHT DEVELOPMENT, and their third project in the new capital specifically in the downtown area being one of the most important and relevant commercial areas in the new administrative capital.

Hub 88 Mall will change the concept of investment in Egypt, which is considered the most integrated administrative commercial project in the Tourist Towers area.
EIGHT developments has achieved the difficult equation, which is an investment return on the down payment in addition to a mandatory lease for 20 years
Hub 88 Mall in the heart of the Administrative Capital Center in a direct view on the central park 200 meters

Where is Hub 88 located exactly?

Hub 88 Mall is located in the heart of the downtown area “Downtown New” in plot No. “mu04-30”
It enjoys a direct view of the central park, which is the longest chain of parks in the world, with a view of 200 meters, close to all means of transportation, such as the monorail station and the central station.
And also near the government district, the ministries district, and computer companies.
The project is also very close to the Egypt Mosque and the Gold market, which are considered one of the most important landmarks of the Administrative Capital.

Hub 88 mall design

EIGHT DEVELOPMENT has cooperated with several highly experienced consultants to produce the best investment project

• Engineering consultant Dr. Mohamed Shaker, who is the current Minister of Electricity and has a strong portfolio, such as: Mall of Egypt – Almaza City Center – City Stars – Data Center
• GENERAL CONSULTANT AND ENGINEERING DRAWINGS ARCHPLAN
• Dr. Ayman Ashour, Deputy Minister of Higher Education, and his previous work included drawings of the administrative capital and the Downtown area itself
• An engineering consultant, Walid Abdel Ghaffar, and one of his previous works is the new Ministry of Justice building

• The mall consists of a ground floor and 12 floors (commercial – administrative)
• 4 floors of underground parking
• From the ground floor to the second floor has been allocated to the shops
• From the third floor to the last floor has been allocated to the admin units
• With an area of 4.641 meters, the built up area is 1.392 meters, and the rest of it is dedicated to green spaces, vital facilities and recreational activities.
• The design of the Hub 88 mall comes with a wonderful double glass facade in a modern and elegant way. It has combined the luxurious and modern design, making it suitable for all tastes

What does Hub 88 Mall offer for services?
• adding the largest food hub on the Central Park, on an area of 2900 meters
• The project provides distinguished facilities and services on the rooftop and roof top facilities
• Implementation of the largest outdoor cinema on Central Park directly
• Group work rooms available in the mall
• Lighting and solar energy systems for hub 88 . building
• There is an intelligent fire-fighting system
• A crew of security and guard personnel is available with training at the highest level
• Maintenance services for all units of hub 88 . project
• There are restaurants with a panoramic view over the Downtown

The owners of Hub 88
EIGHT DEVELOPMENT Company is an Egyptian joint stock company subject to the Investment Authority

It has a strong previous business in more than one area and has launched more than 43 residential projects:
In the Fifth Settlement – New Narges – North of Rehab – Projects inside Beit Al Watan – Andalus – New Narges – North of the first district
The company has been established since 2017, and since this date 52 projects have been implemented out of 9 projects that have been completed
The chairman of the company’s board of directors, EIGHT DEVELOPMENT, is Mr. Omar El-Saadawi, an Egyptian-Italian

Hub 88 mall is considered the 3rd project for eight developments after their 2 successful projects Downtown mall 1 & Downtown mall 2
Which are located directly on the central park, and achieved outstanding sales number

The owner company puts the customers first and makes its utmost efforts, so it has provided a variety of systems to suit all the needs of its customers
First company to issue the mandatory rent offer + return on downpayment
Meaning that you will benefit from the return on the down payment before receiving your unit and after delivery, you will be able to benefit from the mandatory rent, meaning a 100% benefit

Payment plan:
Return down payment system:
• pay 10% in advance of the total price of your unit, and you pay over 7 years in installments
And you will take 3 checks (return on your down payment), the value of each check is 8% of the value of your deposit, in addition, you will benefit from a mandatory lease for 10 years.
• You pay 15% down payment of the total price of your unit, and you pay over 8 years in installments
And you will take 3 checks (return on your deposit), the value of each check is 9% of the value of your deposit, in addition, you will benefit from a mandatory rent for 15 years.
• You pay 20% down payment of the total price of your unit and pay over 9 years in installments
And you will take 3 checks (return on your deposit), the value of each check is 10% of the value of your deposit, in addition to the fact that you will benefit from a compulsory rent for a period of 20 years.
• You pay 30% down payment of the total price of your unit, and you pay over 12 years in installments
And you will take 3 checks (return on your deposit), the value of each check is 11% of the value of your deposit, in addition to that, you will benefit from a mandatory lease for a period of 20 years.
• You pay 40% of the total price of your unit in advance, and you pay over 16 years in installments
And you will take 3 checks (return on your deposit), the value of each check is 11% of the value of your deposit, in addition to that, you will benefit from a mandatory lease for a period of 20 years.

The mandatory rent value ranges between 15-22%.

Contractual agreement for Hub 88
• In addition to setting up a new system for the first time that saves the customer’s money , a penalty clause has been added in place if the delivery is delayed.

• The fine for the delay is estimated at the same value as the installment, not a fine, not the entire value of the installment

• In the event of a delay in leasing, the customer will not pay any money if the lease is not made

• In order to increase the trust between the customer and the owner company, they put a condition in the contract that the customer can get the value of the rent within the agreed upon payment period, whether the lease is made or not.

Prices & areas
• The areas of the administrative units start from 26 meters, and the price per square meter starts from 40 – 45 thousand
• The areas of the commercial units start from 42 meters, and the price per square meter starts from 81 thousand

Features of Hub 88 mall
• Its unique location directly on Central Park
• Cooperating with the best engineering consultants
• Ergonomic systems appropriate to the needs of customers
• The return on the down payment and the mandatory rent, and that the customer benefits from both systems
• The presence of a legal expert who adds some laws in contracts that preserve the right of the client and the company as well
• The existence of a law that the customer has the right to recover his rent, whether the lease is made or not
• Or that the customer deserves to recover his total payment if the company is late in delivery, a very feasible law that preserves the customer’s right

disadvantages
Late delivery date, some customers prefer close delivery

So, Hub 88 Mall is considered one of the best investment opportunities in the administrative capital, and also the presence of a legal expert in the company shows the extent of the owner’s keenness to enhance confidence between it and its customers and work on the customer’s interest first