{"id":669002,"date":"2025-07-27T00:00:00","date_gmt":"2025-07-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/27\/it-could-get-more-expensive-to-buy-on-the-north-coast-or-cairo-alex-desert-highway\/"},"modified":"2025-07-27T00:00:00","modified_gmt":"2025-07-27T00:00:00","slug":"it-could-get-more-expensive-to-buy-on-the-north-coast-or-cairo-alex-desert-highway","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/27\/it-could-get-more-expensive-to-buy-on-the-north-coast-or-cairo-alex-desert-highway\/","title":{"rendered":"It could get more expensive to buy on the North Coast or Cairo-Alex Desert Highway"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Real estat<\/strong><strong>e developers are pushing back on new fees on land on <\/strong><strong>the Cairo-Alex <\/strong><strong>Desert Road<\/strong><strong>, North Coast:<\/strong> The Madbouly government has imposed a new levy on land owned by developers on the Cairo-Alexandria Desert Highway and North Coast, according to documents seen by EnterpriseAM. A source in government separately confirmed the levy had been imposed, adding that developers have been sent notices to pay. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The fees include an \u201cimprovement fee\u201d that requires developers who own land or projects going back up to 7km on either side of the Desert Road to pay a new levy to the state\u2019s coffers. The area in question stretches from Remaya Square to the Alexandria gates. The levy is priced as follows:<\/p>\n<ul>\n<li>EGP 500 per sqm for land between 3-7 km back from the highway;<\/li>\n<li>EGP 750 per sqm for land between 1-3 km back from the highway;<\/li>\n<li>EGP 1.5k per sqm for land that stretches 1 km back from the highway.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What about developers in the North Coast? <\/strong>The New Urban Communities Authority is also looking to impose a new, 10% transfer fee on North Coast projects in the event that the land owner is not the real estate developer, with a maximum of EGP 1k per sqm. The fees will be calculated based on current assessed land value, not the price at the time of purchase or contracting. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The authority is also taking steps to reclaim land from non-compliant developers <\/strong>\u2014 and has already begun with the North Coast area. A three-month grace period is granted to developers to obtain the required construction licenses; otherwise, land risks will be withdrawn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Real estate developers are pushing back:<\/strong> The measures, if implemented, would add pressure on developers, especially with the new fees on Cairo-Alexandria land impacting projects which have already been fully developed and sold years ago. Charging fees based on today\u2019s prices \u2014 without accounting for the original purchase cost \u2014 could trigger serious funding challenges, especially given the current economic difficulties facing the sector, head of the Egyptian Real Estate Council Ahmed Shalaby told EnterpriseAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A clear framework could ease market tensions: <\/strong>\u201cWe fully support the state\u2019s right to regulate the real estate market,\u201d Shalaby said, adding that \u201cthe new fees imposed on companies represent significant challenges.\u201d He called for the need for a clear and practical framework \u201cto ensure smooth implementation without negatively impacting existing investments or destabilizing the real estate sector,\u201d and that no decision should be retroactively applied to delivered projects. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fees range between EGP 500-1.5k per sqm for land on the Desert 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could get more expensive to buy on the North Coast or Cairo-Alex Desert Highway","related_issue":[668997],"teaser":"Fees range between EGP 500-1.5k per sqm for land on the Desert Road","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.24398008-59d8-412a-956b-af9269362cb5.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>It could get more expensive to buy on the North Coast or Cairo-Alex Desert Highway - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/27\/it-could-get-more-expensive-to-buy-on-the-north-coast-or-cairo-alex-desert-highway\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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estate&quot;","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1203.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":668948,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/23\/real-estate-developers-face-new-fees-on-land-on-the-cairo-alexandria-desert-road\/","url_meta":{"origin":669002,"position":2},"title":"Real estate developers face new fees on land on the Cairo-Alexandria Desert Road","author":"enterpriseam admin","date":"23 July 2025","format":false,"excerpt":"Good afternoon, friends. It\u2019s finally the end of the workweek. At home, real estate developers are facing new levies, whereas Gaza\u2019s worsening hunger crisis continues to dominate international headlines. **A QUICK PROGRAMMING NOTE- EnterprisePM is taking a publication holiday tomorrow in observance of the 23 July Revolution. We will be\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1937.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":671516,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/09\/real-estate-players-appeal-against-new-fees-on-north-coast-projects\/","url_meta":{"origin":669002,"position":3},"title":"Real estate players appeal against new fees on North Coast projects","author":"enterpriseam admin","date":"9 September 2025","format":false,"excerpt":"Thirty-three companies are required to pay the new fees on a total of 50 land plots","rel":"","context":"In &quot;Real estate&quot;","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1203.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":669156,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/29\/egyptian-businessmens-association-push-back-against-worrying-real-estate-regulatory-changes-in-letter-to-pm\/","url_meta":{"origin":669002,"position":4},"title":"Egyptian Businessmen\u2019s Association push back against \u201cworrying\u201d real estate regulatory changes in letter to PM","author":"enterpriseam admin","date":"29 July 2025","format":false,"excerpt":"The surprise fees have led to \u201ca state of concussion and anxiety among investors and developers,\u201d argues the Egyptian Businessmen's Association","rel":"","context":"In &quot;Real estate&quot;","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/751.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":670324,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/18\/foreign-north-coast-developers-hit-with-usd-fees\/","url_meta":{"origin":669002,"position":5},"title":"Foreign North Coast developers hit with USD fees","author":"enterpriseam admin","date":"18 August 2025","format":false,"excerpt":"A new NUCA rulebook sets a USD 20\/sqm levy on foreign players","rel":"","context":"In &quot;Real estate&quot;","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/302.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/669002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=669002"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/669002\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/668997"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/669003"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=669002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=669002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=669002"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=669002"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=669002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}