New Capital Walk is a high-end commercial development designed as an open-air shopping village, bringing together premium retail, food & beverage and office accommodation within a distinctive destination environment.

Completed in 2024, the development comprises 21 buildings across two development phases, delivering approximately 22,885 sqm of total leasable area across ground and first floors, together with external areas. The concept is designed to create an engaging shopping and dining experience inspired by internationally recognised open-air retail destinations.

IREP and AlQalaa brought together international real estate, retail and operational expertise to develop a comprehensive approach covering property management, facilities management, leasing, placemaking, marketing and technology. The proposed strategy focuses on creating an attractive tenant mix, improving operational performance and delivering a high-quality experience for tenants and visitors.