The Oblisco Capitale Tower, commonly referred to as “The Needle Tower,” is a groundbreaking real estate project and a true marvel of modern architecture. With plans to become the tallest tower in the world at approximately 1,000 meters high, it is set to surpass the iconic Burj Khalifa in Dubai, which stands at 868 meters.
This ambitious project is a testament to Egypt’s Vision 2030, designed to position the New Administrative Capital as a global destination that seamlessly blends history and innovation. In this article, we will delve into all the key aspects of the project, including its design, location, features, and the unique opportunities it offers for investment.
What is the Oblisco Capitale Tower?
The Oblisco Capitale Tower is an architectural masterpiece inspired by ancient Egyptian design. Announced in 2018, the tower aims to combine the grandeur of Egypt’s pharaonic heritage with modern technological advancements. The tower will include luxurious residential units, hotel apartments, commercial spaces, and administrative offices, all complemented by world-class services.
Location of Oblisco Capitale Tower
The tower is strategically located in the heart of the Central Business District (CBD) in the New Administrative Capital, Egypt’s most prominent economic hub. Its location offers unparalleled connectivity and proximity to major landmarks, including:
- Ben Zayed Axis, the main road connecting the capital.
- The Middle and Regional Ring Roads.
- The Iconic Tower, the tallest tower in Africa.
- Al-Massa Hotel and Downtown District.
- The Diplomatic Quarter, home to embassies and diplomatic missions.
This prime location ensures that the Oblisco Capitale Tower will be an attractive destination for both residents and investors, significantly boosting the value of surrounding projects.
A Unique Architectural Design
The design of the Oblisco Capitale Tower is inspired by the lotus flower, a symbol of beauty and purity in ancient Egypt. The structure blends timeless elegance with cutting-edge engineering to create a tower that reaches 1,000 meters into the sky, spanning 250 floors.
Surrounding the tower, an area of 465,000 square meters has been allocated for lush green landscapes and water features, creating a serene and exclusive environment.
Spaces and Units in Oblisco Capitale Tower
The project offers a wide range of unit types to cater to various needs:
- Luxury Residential Units: Hotel apartments designed for the ultimate living experience.
- Commercial Units: Perfect for retail and investment purposes.
- Administrative Offices: For businesses seeking a premium working environment.
Unit sizes start from 40 square meters, making the tower suitable for both residential and commercial purposes.
Services and Amenities
The Oblisco Capitale Tower offers an exceptional array of services designed to provide residents and investors with a seamless living and working experience. Key features include:
- 12 state-of-the-art commercial complexes.
- Banking and financial institutions.
- Fine dining restaurants and cafés.
- World-class fitness centers and swimming pools.
- Green spaces and artificial lakes surrounding the tower.
- An e-commerce market integrated within the tower.
- Dedicated recreational areas for children and adults.
- Social clubs and fully equipped conference rooms.
- Secure underground parking facilities.
- A VIP wing for hosting dignitaries and important guests.
Cost and Payment Plans
The estimated cost of the project is around $3.2 billion, with unit prices starting at EGP 70,000 per square meter and reaching up to EGP 143,000 per square meter. The developers are offering flexible payment plans, with installment options extending up to 10 years.
The Developer: Nasr Housing and Development
The project is being developed by Nasr Housing and Development, a leading Egyptian company established in 1980. The company has a solid track record of delivering high-quality projects, including:
- Calma Compound in 6th of October City.
- Wahat Al Khair Project in October City.
- Al-Muqattam Gardens Development.
- Residential buildings in Belbeis City.
Why Invest in Oblisco Capitale Tower?
- World Record Status: It is set to become the tallest tower in the world.
- Prime Location: Situated in the heart of Egypt’s most significant economic zone.
- Innovative Design: A blend of ancient Egyptian architecture and modern technology.
- Diverse Units: Offering options for residential, commercial, and administrative purposes.
- Competitive Prices: Affordable compared to similar global projects, with extended payment plans.
