Apartment for Sale in Central Iconic Tower - New Capital By Modon Development - Delivery Year 2025

Modon Development has announced plans for the Central Iconic Tower in the New Administrative Capital of Egypt. According to the real estate developer, the tower, which will be the tallest in Africa and the Middle East, will offer luxurious apartments, offices and commercial spaces.

The tower will be located in the Central Business District of the New Administrative Capital and will have 79 stories. The tower is set to have a total height of 385 meters, making it the tallest building in the region. The project is expected to provide a luxury experience to its occupants with state-of-the-art facilities and amenities.

The tower will offer 42 floors for commercial offices and 33 floors for luxury apartments. The tower also includes a five-star hotel with 200 rooms and a total area of 13,499 square meters, as well as a sky lounge and restaurant. The tower is designed to offer a dynamic and flexible space for working, living, and entertainment in the heart of the city.

The Central Iconic Tower is set to be completed in four years, with the project starting in the first quarter of 2021. The developer expects the project to attract local and international investors, as the New Capital offers a range of investment opportunities in various sectors.

The New Administrative Capital of Egypt is a large-scale development project aimed at reducing Cairo's overcrowding and to spur economic growth. The project is expected to attract around six million residents in the next few years, leading to a demand for new infrastructure and real estate projects.

The ambitious plans for the Central Iconic Tower come amid growing interest in the real estate market in Egypt, with both local and international investors looking for opportunities in the country. The demand for high-end properties, particularly in the capital, is on the rise, as the government continues to invest in infrastructure and improvements to the business environment.

Overall, the Central Iconic Tower is set to be an impressive addition to the landscape of the New Administrative Capital and showcase the potential of the real estate market in Egypt. With its prime location, luxurious facilities, and bold design, the tower is expected to be a sought-after destination for investors, businesses, and residents alike.