Egypt Offers New Land Plots.. Warehouse Land in Fayoum for EGP 3,200 per Meter
The New Urban Communities Authority has offered new land plots through its digital platform, including plots in Sheikh Zayed at EGP 46,969 per meter, and warehouse land in New Fayoum at EGP 3,200 per meter.
The New Urban Communities Authority has offered new land plots to investors through its digital investment platform, as part of expanding private sector participation in the development of new cities, according to reports by Vetogate.
According to the announced prices, the price of administrative land in Sheikh Zayed reached EGP 46,969 per square meter.
In Al Obour City, commercial and administrative land plots were offered at two price points of EGP 31,290 and EGP 41,395 per meter, while warehouse land in New Fayoum came in at EGP 3,200 per meter, and educational land in New Salhia at EGP 12,795 per meter.
These offerings allow developers and investors to acquire land at varying prices depending on activity and location, which may interest companies looking for sites for residential, commercial, and warehouse projects, in addition to its eventual impact on real estate supply.
What Do These Terms Mean?
Price per square meter: The value of land or a unit divided by its area in meters, which is the common standard for comparing land and real estate prices in Egypt.
Investment offering: Offering land or an asset for sale to investors through official procedures and an official platform.
Administrative land: A plot designated for constructing administrative buildings, offices, and services, not for residential use.
Weekly Newsletter
Read between the lines before everyone else. Decode the most important economic, tech, and decision-maker movements in the region.. in 5 minutes every Saturday.
