The New Urban Communities Authority announced the offering of an investment land plot in New Alamein City, located next to New Alamein University, under the immediate allocation system during September. The land covers an area of 13,966 square meters, priced at EGP 16,015 per square meter, with a total value of approximately EGP 224 million. The project is to be completed within three years.
Building Regulations:
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Ground floor construction should not exceed 30% of the land area.
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Allowed building structure: Basement + Ground Floor + 3 Upper Floors.
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Ground and first floors designated for commercial use, second floor for administrative use, and third floor for residential use.
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Setbacks required: 5 meters front, 4 meters on both sides and rear.
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Car parking spaces must be provided in line with the Egyptian code, while adhering to the height restrictions imposed by the Armed Forces.
Payment Mechanism:
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25% down payment required (10% upon contract signing + 15% within one month).
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Additional fees: 1% administrative fee and 0.5% for the Board of Trustees.
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The remaining amount is payable over six semi-annual installments, with an interest rate of the Central Bank of Egypt +2% plus a 0.5% administrative fee.
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