Golden Town Development has launched its third project, Dinero Tower, on 5,017 sqm in the New Administrative Capital (NAC) after success with previous projects; Fort Business Complex and Cascada Business Complex, Invest-Gate reports.

Company Chairman Raafat Maher said Golden Town will invest around EGP 3 bn in the coming period, targeting over EGP 5 bn in sales. The company owns other land including near the North Coast and will announce new projects in the coming months.

Maher said the company relies on its liquidity and finances for projects, only announcing developments after securing funding for most phases to avoid others’ mistakes.

The Dinero Tower will comprise a ground floor, and 14 upper floors. The building will have three garages. The 5th-10th floors will be dedicated to administrative units, the 11th-13th floors will be dedicated to hotel units, and the 14th floor will feature hotel services.

Golden Town plans to launch Dinero Tower in four phases based on real estate market research in the NAC, with units delivered by end-2026 as scheduled by the Capital Authority.

Maher said experienced staff were hired including engineering consultant FRS and management/operations firm MRB. The location is near Downtown and across from the Al-Massa Hotel and shopping is ideal, in front of the financial district and central bank, and near government buildings.

Pricing considers fair per square meter rates and facilities all customers with multiple payment systems and discounts from 10% off to 10% down payment over 10 years. Other options include 120% original price with 20% down over six years, 40% down over three years with 60% interest on the down payment, and 35-38% cash discounts.

Maher explained the Downtown area’s landmarks like the government district, financial district, central bank, and Grand Mosque make it irreplaceable.