This October, the New Urban Communities Authority announced a new investment opportunity in Badr City, among the major projects exceeding an area of 5 acres. This project falls within the framework of the immediate land allocation mechanism and aims to establish an integrated urban community comprising residential units and various commercial and administrative services.
According to official reports, the area of the offered land plot is approximately 83,228 square meters, priced at 5,920 Egyptian pounds per square meter, bringing the total estimated price to around 492 million Egyptian pounds. Building requirements have been stipulated, allocating 70% of the land for urban development, divided into 50% for housing and 8-12% for services.
Permitted heights reach up to a ground floor plus 5 repeated floors for residential buildings, and a ground floor plus 2 repeated floors for service buildings. Meanwhile, the mixed-use activity occupies 30% of the land with a building density of 30%, allowing heights up to a ground floor plus 3 repeated floors, while adhering to a mandatory 6-meter setback from all directions.
The investor is also required to provide car parking within the land boundaries, comply with civil defense standards and the height requirements of the Armed Forces, in addition to the necessity of considering the actual area as approved by the Survey Department.
The project’s implementation period is set at three years from the date of issuing the first ministerial approval decision. Applicants must submit a deposit amounting to 10% of the land value, with payment completion up to 25% upon allocation, alongside administrative fees of 1% and 0.5% for the Board of Trustees. The remaining land price is to be divided into six equal semi-annual installments, with interest added according to the Central Bank of Egypt’s rate, plus a 2% surcharge per the Ministry of Finance’s instructions, and an additional 0.5% for administrative expenses.
To follow the latest official offerings and browse thousands of residential properties in various cities, visit the Official Egyptian Real Estate Platform — your secure destination for finding the right unit for you and your family. Discover more about the features of the Jade Park project in the New Administrative Capital.