With the best songs and the most wonderful words, the great Lebanese singer Wael Kfoury celebrate the concert of UDG for United Development Group, which was organized by the company on the occasion of the launch of its first project in the real estate E Tower.

UDG Developments achieves EGP 200mn of contractual sales of its E Tower two weeks after the project’s launch, Invest-Gate reports. Board Member and Managing Director of the Commercial Sector at UDG Developments Tarek El Gedawy reveals that E Tower has witnessed high demand due to its distinctive location in CBD, its architectural design, and the various unit sizes and spaces offered. E Tower is UDG Developments’ first project in the Egyptian real estate market; the company is currently planning to launch a number of projects worth EGP 5bn across several new cities soon. In H1 2022, Gedawy confirms another project launch at NAC as well. Furthermore, El Gedawy explains that there is a great demand for the administrative and commercial units in NAC, especially in the CBD. He expects prices at NAC, specifically, to increase by 10% to 15% during the first quarter of next year. Scheduled for delivery in four years, the 14-storey E Tower mall spans 14,000 sqm at an investment cost of EGP 750 mn, El Gedawy reveals. E Tower features a reception area, a cafeteria, and a large meeting room.

With a total investment of about 750 million pounds