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Square meter prices for land allocated to residential blocks within the "Small Investor" project in New Alamein City’s residential district recorded a 14.7% price jump in a single month, according to a comparison of investment offerings by the New Urban Communities Authority (NUCA) between October and November.

Price Gap Exceeds EGP 7.9 Million

Data showed that the two land plots offered in both months were identical in size at 4,200 square meters each and located in the same zone, allowing for an accurate measurement of the price shift. In the October offering, the price per square meter stood at EGP 12,785, bringing the estimated total value to approximately EGP 53.7 million. In contrast, the total price for the comparable plot in the November offering jumped to nearly EGP 61.6 million.

The increase amounted to EGP 1,875 per square meter, resulting in a total price difference of about EGP 7.9 million between the two plots.

Diverging Payment Terms and Financial Obligations

Payment mechanisms and administrative fees varied between the two offerings as follows:

October Offering: Required a 20% down payment of the total land value, with the remaining balance scheduled in equal semi-annual installments over 3 years (with the first installment due 6 months after the allocation decision), subject to prescribed financial burdens, plus 0.5% in administrative fees.

November Offering: Maintained the 20% down payment requirement, while adding a 1.5% fee for the Board of Trustees and setting the project execution timeline at 3 years from the date of land handover.

Broader Context of Investment Offerings

These investment opportunities in New Alamein fall under NUCA’s expanded November offering plan, which encompassed 75 opportunities across diverse activities and sizes distributed over 29 new cities. The combined total area of the two compared plots reaches 8,400 square meters, with an aggregate investment value of roughly EGP 123.14 million.

These indicators point to an upward trend in the square meter price for the November plot compared to its October counterpart, noting that this percentage increase is specific to the two monitored plots and does not necessarily reflect a broader price surge across all residential land in the city.