10.5 Feddans on Mahmoudia Main Rd + Ministerial Decree

Plot of land for sale, 44,533 sqm (approx. ten and a half feddans), in the Louran area, Raml Second district, Alexandria Governorate, directly on Mahmoudia Main Road. Registered with a notarized contract and ready for immediate transaction. The land is mixed-use and suitable for residential and commercial projects. It comes with Ministerial Decree No. (196) of 2025, dated 04/08, cancelling Decree No. 1610 of 2017, which had banned the issuance of building permits and halted transactions on land within the area surrounding the Mahmoudia Canal. The strategic master plan for the land falling within this area has been completed, and the betterment charge required to obtain building permits has been set as follows: buildings from ground floor up to five floors at EGP 1,500 per metre; from ground floor up to nine floors at EGP 1,700 per metre; and from ground floor up to eleven floors at EGP 2,000 per metre. A great opportunity for investors and developers looking for a large plot in a prime location with clean paperwork.