Property Description

A Great Opportunity for One of the Largest Land Parcels for Sale in the North Coast – Located in Ras El Hekma and Directly on the Sea

Area: 360 Feddans
Location: Ras El Hekma, directly on the sea
Frontage: 1,600m on the sea and 1,600m on the asphalt road
Legal Status: Fully registered with the Notary Public

Additional Details:
The description card has not been issued, and the improvement fees have not been paid yet.

Asking Price:
To the Owner: $6 million per feddan
Improvement fees are to be paid by the new buyer to the New Urban Communities Authority (NUCA).

Payment Terms:
To the Owner: Cash in USD
To NUCA (Improvement Fees): 10% upfront, with the remaining balance over 7 years.

Note 1: The sale transaction will take place at the NUCA office in the North Coast.

Note 2: The price per feddan in the surrounding area has reached EGP 100 million, making this land an exceptional opportunity and well below the prevailing market price.

Commission: 2.5% of the sale value

Features & Amenities