The complex is named after Qani-Bay al-Sayfi, nicknamed "al-Rammah", who was Grand Master of the Horse during the reign of Sultan al-Ghuri.

It was built between AD 1503 and 1504 (AH 908) on a hill watching over the hippodrome and Mosque-Madrassa of Sultan Hassan.

The site was chosen since the horse market and stables of the Citadel were originally located just off the square.

The complex has a main façade that takes maximum advantage of the view and at the same time exposes itself to the people below.

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