Article source
Invest Gate
6 June، 2023

Nile Developments Sells EGP 2 Bn in Tycoon Tower in 7 Hours

العاصمه الاداريه الجديده بمعلومات مميزة عن مساحة العاصمة الادارية وموقعها وخريطة العاصمة الادارية وتعرف على اهم المشروعات في العاصمه الاداريه الجديده المقدمة من مطورين العاصمة الاداريةالعاصمه الاداريه الجديده بمعلومات مميزة عن مساحة العاصمة الادارية وموقعها وخريطة العاصمة الادارية وتعرف على اهم المشروعات في العاصمه الاداريه الجديده المقدمة من مطورين العاصمة الادارية

Nile Developments achieves record sales of over EGP 2 bn in its Tycoon Tower project in just 7 hours on the first day of the offering, Invest-Gate reports.

The units sold cover more than 50% of the units offered in the first phase of the project.

Nile Developments applies the shared ownership system to its units for the purpose of investment, which allows for the control of the units’ operation.

Mohamed Taher, Chairman of Nile Developments, notes that Tycoon Tower is an international property product that benefits owners.

Taher adds that the tower has been picked to represent the projects of the New Administrative Capital in the MIPIM exhibition in France.

He reveals that prices at Tycoon Tower start from EGP 168,000/m, which is a very fair price.

It is worth noting that Tycoon Tower is 233 meters high, and is planned to be the tallest hotel in Africa.

Early in February, Khaled Abbas, Chairman of Administrative Capital for Urban Development (ACUD), witnessed the launching ceremony of Nile Developments’ Tycoon Tower.


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Discover 31 North Tower, the unique building that stands as the first Festival Tower in the heart of the New Administrative Capital. This tower is distinguished by its iconic and outstanding design, offering a captivating view towards the Downtown area, one of the most prominent and significant locations in the New Administrative Capital. The tower extends over a total area of 18,306 square meters, featuring a main facade that exceeds 100 meters in width, providing a splendid view of the Green River and surrounded by vast green spaces. This building is designed according to the latest global trends, with the aim of achieving the highest levels of luxury and productivity simultaneously. It is designed with a height reaching 31 upper floors, in addition to 5 lower floors.


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Welcome to Tycoon Tower, the tallest hotel in Africa, with a height of 233 meters. It's an exceptional real estate project that sets a new global standard as the tallest hotel on the African continent. Tycoon Tower is part of the Nile Business City Towers, representing the latest historic addition to the skyline of the Downtown area in the New Administrative Capital. It's the largest real estate development project completed so far by Nile Real Estate Development Company. The building features its astonishing design and contemporary interiors, including an Infinity Pool on the rooftop, providing visitors with breathtaking 365-degree views of Downtown and the New Administrative Capital. Thanks to its status as the tallest hotel in Africa, Tycoon Tower is expected to become the key reference in the hotel industry in the New Administrative Capital. The direct and luxurious location on the Green River, combined with the available amenities in the hotel, makes it an enticing destination for local residents and international visitors, reaffirming its status as a unique property in one of the world's most exciting cities. These global attributes make Tycoon Tower one of the most thrilling investments in our fast-growing portfolio.


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Nile Developments Sells EGP 2 Bn in Tycoon Tower in 7 Hours

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