AIG announced the complete sellout of the first phase of its AI Tower project within just three hours of its launch, reflecting strong market demand for the project and the competitiveness of its real estate offering.
The company attributed the rapid sales pace to the project’s strategic location, advanced operational and technological features, and investment potential, which together position AI Tower as a distinctive commercial and administrative development in the New Administrative Capital.
AI Tower Records Strong Demand Following Launch
Kareem Abdeen, AIG’s Chief Commercial Officer (CCO), said the rapid sellout of the project’s first phase represents an important indicator of customers’ confidence in the company’s vision and the real estate products it offers.
Abdeen explained that the strong demand for AI Tower reflects the project’s distinctive features and its potential to generate investment value for customers, highlighting the market’s growing focus on projects with clear fundamentals and long-term value.
He noted that the success of the first launch places a greater responsibility on AIG to maintain the level of confidence the project has gained. This includes continuing to deliver a real estate product based on strong fundamentals and potential for sustainable value growth, in line with customer expectations and investors’ needs.
AIG Highlights Changing Customer Preferences
Abdeen pointed out that continued demand for well-executed real estate projects confirms the existence of genuine opportunities in the market, despite the increasing number of developments and the growing level of competition.
He added that customers have become more capable of comparing different projects and evaluating the fundamentals behind each offering before making investment decisions. According to Abdeen, this has increased the importance of projects that demonstrate clear potential for value creation and long-term sustainability.
AI Tower Targets the Central Business District
AIG’s Chief Commercial Officer revealed that AI Tower forms part of the company’s strategy to introduce a differentiated real estate product within the Central Business District of the New Administrative Capital.
The project is presented as the first AI-powered tower in Africa. It comprises 50 floors and is located directly on Mohamed Bin Zayed Axis, giving it a strategic position within one of the key business areas of the New Administrative Capital.
The project’s design focuses on combining its strategic location with advanced technological capabilities and operational features aimed at creating a modern environment for companies, businesses and investors.
Artificial Intelligence at the Core of AI Tower
Abdeen explained that AI Tower has been designed around the smart building concept, with artificial intelligence technologies integrated into its operational and management systems.
The approach aims to enhance the experience of companies and investors, improve operational efficiency, and enable the building to respond to the evolving requirements of the commercial and administrative sectors.
The integration of artificial intelligence into the building’s operations represents a central element of the project’s identity and reflects AIG’s focus on developing a real estate product that combines technology with commercial and investment value.
AIG Plans to Build on the First Phase Success
Abdeen said AIG intends to build on the success achieved by the first phase of AI Tower by continuing to develop its real estate products according to a strategy focused on the project’s actual value rather than simply offering units for sale.
He emphasized that this approach is intended to support long-term relationships with customers while strengthening the project’s investment value and maintaining the confidence generated by the successful launch.
The first-phase sellout within three hours marks a significant milestone for AI Tower and reflects the strong demand surrounding the project, as AIG continues to focus on delivering a differentiated smart real estate product in the New Administrative Capital.
