Nakheel Developments announced that its investment portfolio has reached EGP 7bn, with plans to expand further in 2025.
As part of its strategy, the company is set to launch a new project in the second quarter (Q2) of this year and has outlined the key highlights of its 2025 investment plan.
This was announced during a press conference held by the company, attended by company officials and several prominent journalists and media figures. During the conference, the company revealed the key aspects of its 2025 investment plan and its ambitious strategy for the upcoming period, as well as showcasing high execution rates of its current projects.
For his part, Emad El Tabakh, chairman of Nakheel Developments, stated that the company began its journey in the United Arab Emirates (UAE), where it executed a portfolio of pioneering projects that left a distinctive mark on the UAE market and provided the company with diverse experiences.
El Tabakh said that the company has decided to expand into the Egyptian market, starting in an unconventional area—the Delta region—to implement a variety of projects, including commercial, administrative, residential, and medical developments. This experience combined both the Egyptian and international markets.
He pointed out that the company’s next move in local market involved focusing on the New Administrative Capital, marking a new, more successful phase in its journey.
The company aims to offer its clients the culmination of its strong experience with the launch of the Trio V and Double Two Tower projects, he added.
The company’s chairman disclosed that Nakheel Developments has achieved impressive execution and sales rates in both projects, reflecting its ability to balance and integrate its execution and sales strategies effectively.
He noted that 2025 marks a powerful beginning for Nakheel Developments, reinforcing its leadership in the Egyptian real estate market. This will be achieved with the launch of a new phase of the Double Two Tower project, the Time Residence Tower.
This phase offers a distinctive concept of hotel apartments, featuring the highest standards of comfort and luxury in the heart of the New Administrative Capital. The tower will be situated in the New Capital’s Central Business District (CBD), according to El Tabakh.
He said, “With the launch of Time Residence Tower, we reaffirm Nakheel Developments’ commitment to delivering innovative projects that enhance the value of real estate investment in the New Capital, setting a new standard for quality and luxury in the Egyptian market. We will also soon announce our third real estate project during the second quarter of this year.”
Maged El Tabakh, CEO of Nakheel Developments, said that Time Residence Tower offers high investment returns thanks to its prime location, unique design, and specialized management companies. Therefore, Nakheel Developments has made sure to collaborate with strong entities and distinguished success partners to implement an iconic and exemplary project in the New Capital.
He indicated that Time Hotels has been selected to manage the new phase, as it is one of the leading global names in the management of hotel apartments.
El Tabakh disclosed that Time Hotels operates over 30 hotels across countries such as the UAE, Saudi Arabia, Qatar, Bahrain, Morocco, and Egypt. It is one of the top 10 globally recognized companies in its field, with an occupancy rate exceeding 90% in most of its hotels, along with high rental returns. It offers its clients a rental return of no less than 70%.
He revealed that 90% of the company’s income is allocated to construction in its ongoing projects, reflecting the company’s commitment and focus on execution as a top priority. This approach helps maintain its credibility and the trust of its clients, while also preserving the leading position the company has achieved in the Egyptian real estate market.
He explained that the company is keen to collaborate with strong success partners in its projects.
For the Trio project in the Downtown area of New Capital, Nakheel is collaborating with Archrete Engineering Consultancy, which has been instrumental in the design and execution of the project. The company is also partnering with Moharram-Bakhoum for design review and site supervision, and MRB for management and operations, responsible for delivering comprehensive operational and administrative services.
He pointed out that the Double Two Tower, located in the CBD, represents a significant addition to the area, combining unique design with advanced services.
Among the success partners contributing to the implementation of this project are Meamar Masr Group, an international firm specializing in innovative engineering solutions and EFS for managing and operating administrative and commercial facilities. Meanwhile, Time Hotels responsible for managing and operating the hotel units, and Moharram-Bakhoum for design review and site supervision services.
Mohamed Said, Chief Commercial Officer at Nakheel Developments, said that the new phase of the Double Two Tower is named “Time Residence Tower,” which includes units ranging from 60 to 83 sqm. The tower consists of a ground floor and 24 additional floors.
Said added that the company has focused on creating a fully detailed, integrated project that guarantees clients the best standards of luxury and the highest return on investment.
He pointed out that flexible and attractive payment plans are being offered, with payment plans up to 10 years and down payments starting from 5%, along with discounts of up to 20% on the listed prices.
Time Residence Tower is the first tower in the New Capital dedicated entirely to serviced apartments, and it will be managed by Time Hotels, a global company specializing in hotel operations. The project also features a modern design that offers direct views of the iconic tower and green spaces.
He concluded that Nakheel Developments has succeeded since its inception in gaining the attention and trust of its clients by selecting prime locations for its projects, offering flexible payment systems that suit their needs, and providing real estate products with high investment value that ensure clients can preserve their investments.
These elements have been achieved by the company in its projects in the New Administrative Capital and will continue to be implemented in its future projects.
