Najm Developments Unveils VELN Project in New Cairo with Over EGP 1.6 Billion Investment
Najm Developments has officially unveiled its latest real estate venture, VELN, in the heart
of New Cairo, with total investments exceeding EGP 1.6 billion. The launch event was a grand
ceremony attended by prominent figures from the real estate sector, business partners, and key clients
VELN Project: A Prime Investment Opportunity in New Cairo
Eng. Wael Ramadan, Chairman of Najm Developments, emphasized the strategic location
of VELN, spanning 3,772 sqm in the El Yasmin district Situated just a minute from North 90th
Street and PetroSport Club, the project enjoys prime connectivity with high traffic and population
density, making it an attractive hub for both commercial and administrative investment
“VELN embodies Najm Developments’ vision of delivering distinctive projects that combine high
investment returns with a complete operational experience,” Ramadan said
Modern Design and Comprehensive Amenities
The VELN project offers a modern architectural design with open views and diverse
unit layouts to accommodate commercial, administrative, and healthcare activities
The project is equipped with top-tier amenities including
Entertainment zone
Two-level underground parking
24/7 CCTV and security systems
Fire protection system
High-speed internet and integrated sound system
Regular maintenance services
Six elevators and escalators
Dedicated prayer area
These features ensure a safe, functional, and operationally efficient environment
for all tenants and businesses within the development
Project Scale, Units, and Handover Timeline
VELN consists of two basements, a ground floor, and three repeated floors
offering units in the following ranges
Commercial units on the ground floor: 28–137 sqm
Commercial units on the first floor: 30–80 sqm
Clinics: 21–79 sqm
Administrative offices: 29–79 sqm
The project is scheduled for handover within four years, with an initial sales
target of EGP 900 million, as part of a broader annual sales plan of EGP 3 billion
Strategic Partnerships and Future Expansion Plans
Najm Developments is collaborating with experienced partners for VELN, including
Criteria Design Group – Design consultancy
Kelma Development Consulting – Development advisory
Egymap for Commercial Property Management – Commercial asset management
Reco for Real Estate Entertainment Consultants & Operations – Entertainment and marketing operations
The company also plans to expand its presence in New Cairo and other emerging cities such as Obour
and El Shorouk, with upcoming residential and commercial projects
Grand Launch Event Highlights
The VELN launch celebration featured live performance by star Tamer Ashour, alongside
influential figures from the arts, business leaders, social icons, and clients, creating
a festive and memorable atmosphere With VELN, Najm Developments strengthens its
position as a leading real estate developer in New Cairo, offering projects that balance
investment value, modern design, and integrated operational experience
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