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Nakheel Developments Reaches EGP 7 Billion Investment Portfolio, Plans New Project Launch in Q2

Nakheel Developments Reaches EGP 7 Billion Investment Portfolio, Plans New Project Launch in Q2  



Nakheel Developments Reaches EGP 7 Billion Investment Portfolio, Plans New Project Launch in Q2


Nakheel Developments has announced the expansion of its investment portfolio to EGP 7 billion, with plans to grow further in 2025. The company is gearing up to launch a new real estate project in the second quarter of this year, in addition to introducing a new phase of its flagship project, "Double Two Tower", in the New Administrative Capital  

This announcement came during a press conference attended by senior company officials, journalists, and media figures. The event highlighted Nakheel's ambitious 2025 investment plan, ongoing strategies, and impressive progress in its current projects  

According to "Emad El Tabakh", Chairman of Nakheel Developments, the company began its journey in the UAE with a series of pioneering projects that set a strong foundation in the Emirati market. Building on this success, the company expanded into Egypt, starting with diverse projects in the Delta region. These included commercial, administrative, residential, and medical developments, combining expertise from both the local and international markets  

El Tabakh stated that Nakheel's foray into the New Administrative Capital marked a turning point, with the launch of standout projects such as **Trio V** and **Double Two Tower**. Both projects have achieved significant execution and sales milestones, underscoring the company's ability to deliver high-quality developments while maintaining a balanced approach to sales and execution  

Nakheel Developments Unveils 2025 Vision with New Phase of Double Two Tower 

As part of its 2025 strategy, Nakheel is launching a new phase of Double Two Tower: "Time Residence Tower". This exclusive phase focuses on providing serviced apartments with luxurious amenities in the heart of the Central Business District (CBD) of the New Administrative Capital  

“With Time Residence Tower, Nakheel Developments reaffirms its commitment to offering innovative real estate solutions that redefine quality and luxury,” said El Tabakh. “This project enhances the value of real estate investments in the New Capital and sets a new benchmark for the Egyptian market. Additionally, we will unveil a third project later this year”   

Nakheel has partnered with "Time Hotels", a global leader in managing serviced apartments, to oversee Time Residence Tower. With a portfolio of over 30 hotels across the UAE, Saudi Arabia, Qatar, Bahrain, Morocco, and Egypt, Time Hotels is recognized as one of the top 10 global operators in its field, boasting an occupancy rate of over 90% and high rental returns 

Maged El Tabakh, CEO of Nakheel Developments, emphasized that the company has prioritized construction by allocating 90% of its revenue to project execution. This dedication ensures timely delivery and strengthens client trust  

Mohamed Said, Chief Commercial Officer at Nakheel Developments, detailed the new phase's offerings. Time Residence Tower will consist of a ground floor and 24 additional floors, with unit sizes ranging from 60 to 83 square meters. The project features flexible payment options, including plans extending up to 10 years, a 5% down payment, and discounts of up to 20% on listed prices  

Time Residence Tower is also the first project in the New Administrative Capital to be entirely dedicated to serviced apartments, offering unparalleled views of the iconic tower and lush green landscapes  

Nakheel continues to collaborate with prominent partners to ensure project success. These include Archrete Engineering Consultancy for design and execution, "Moharram-Bakhoum" for design review and supervision, and "MRB" for operations and management services 

For Double Two Tower, additional partners include "Meamar Masr Group" for innovative engineering solutions and "EFS" for facility management. Time Hotels also plays a pivotal role in managing the serviced units  

Since its inception, Nakheel Developments has gained client trust by selecting premium locations, offering flexible payment plans, and delivering high-value real estate investments. The company aims to continue this trajectory in its future projects, maintaining its leadership in the Egyptian real estate market

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