Nakheel Developments announced the completion of the first phase of marketing "Double Two Tower" project in the New Administrative Capital, in such a record time, based on the company’s credibility and cooperation with distinguished international trademarks within the project.

Sherif El Domyati, Head of Commercial Sector at Nakheel Developments ,said that achieving these distinguished sales results in a record time reflects confidence in the company within the real estate market, and as a result of providing flexible payment plans that suit the needs of targeted customers, in addition to the presence of continuous activity in the real estate market.

El Domyati explained that this stage represents 35% of the total project,  targeting 3 stages for marketing sales.
 
The projec consists of Administrative Commercial units and Hotel Apartments, with total area  9000 square meters, and the commercial part is being implemented and now occupies the ground and first floors on an area of ​​​​4000 meters for each floor, which represent 45% of the total area of ​​the project, and the rest of the floors on an area of ​​​​1350 square meters for each floor representing 15% of the total project area.

He pointed out that the company is cooperating with several strong and distinguished entities to implement an integrated project in the New Administrative Capital, as it cooperates with Mimar Egypt Architecture & Engineering, "EFS Facilities Services", and "Time Hotels" to implement a unique project.

Also, He stated that the transfer of government district employees to the new administrative capital  will contribute to achieve more sales during the coming period, as it brings life as a result of increasing  working hours in the capital, which encourages more customers to settle there.

 He added that the administrative capital is the new Republic of Egypt, including the inauguration of a new smart and sustainable city that commensurates with the state's plans to implement comprehensive urban development, and it also serves as a safe environment for investment with a renewable and high return for the client.

-Ends-

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.