In the Heart of Cairo - Commercial Land For Sale - Best Investment on the Nile

Plot Size: 7,349 m2
➢ Acquisition: Purchased from Governorate of Cairo in 2005
public auction.
➢ Ideal Use: Mixed-use development with luxury hotel and
residential units
➢ Building Parameters: Max height of 72 meters, 60% buildable
area
➢ Views: Unobstructed over Nile, Gezira Island, and city center
Key Highlights:
➢ Strategic Location: Situated in the city center on Corniche El Nile Street, this plot is one of the last available along the Nile bank. It is conveniently close to Cairo City Center, within walking distance to the Nile City mixed-use complex, and adjacent to the Arcadia Mall.
➢ Ideal Configuration: The rectangular plot, measuring 7,349 m2 with a 70-meter Nile-facing facade, is perfect for a mixed-use development. Considered an ideal canvas for a luxury hotel and residential units, this site provides a unique opportunity for a project of distinction.
➢ Historical Significance: Acquired through a 2005 public auction from the Governorate of Cairo, the land is designated for a 4 or 5- star tourism project. Building parameters include a maximum height of 72 meters and a buildable area of 60% of the land. Additional height can be granted upon approvals.
➢ Settlement Agreement: Recently, the area and land were the subject of a Settlement Agreement with the Governorate of Cairo, garnering approval from the Council of Ministers on 16th October 2022. The approval underscores the commitment to fostering a positive investment climate in Egypt, recognizing the Abou Douma District as a key focus for development.