Compound Nurai New Cairo opens at EGP 4,144,000 for a one bedroom apartment, and the contract that unlocks it asks for only 5% of the unit value up front. Mercon Developments set that entry point inside the Golden Square, the stretch of New Cairo between North 90th Street and South 90th Street where undeveloped land has become the scarcest commodity in the Fifth Settlement. The compound covers 16 acres and holds roughly 380 apartments, a deliberately small count for a plot of this value, and that restraint is the single fact that shapes every other decision on the masterplan.
The project carries no villas, no townhouses and no twin houses. Mercon committed 80% of the land to greenery, water features and facilities, kept every building to a ground floor plus three repeated levels with a penthouse above, and capped each floor at four units. Buyers choose between one, two and three bedroom apartments and a ground floor duplex, all handed over semi-finished within four years of the contract date, with the balance of the price spread across eight years of equal instalments.
Where does Compound Nurai New Cairo sit inside the Golden Square?
Compound Nurai New Cairo sits in the Golden Square district of New Cairo, midway between North 90th Street and South 90th Street. The compound fronts the Mohamed Bin Zayed Axis, stands two minutes from 90th Street, and reaches the American University in Cairo and the German University in Cairo within minutes by car.
The Golden Square is the name New Cairo buyers give to the residential band enclosed by the two arms of 90th Street, and it functions as the Fifth Settlement’s centre of gravity rather than one of its edges. Every category of daily service the district offers, from international schools and private hospitals to the retail spines along 90th Street, already exists in the ring around the compound instead of being promised for a later phase. That distinction matters at this price level, because a buyer in Nurai moves into a serviced neighbourhood on handover rather than waiting for one to mature.
Road access works on two layers. The Mohamed Naguib Axis and the El Tahrir Axis, the two corridors that carry most internal traffic across the Fifth Settlement, run close to the compound and connect it to First Settlement, Rehab and the Nasr City side of the city. The Ring Road and the Middle Ring Road sit roughly six minutes from the gate and carry traffic onward to the Suez Road and Cairo International Airport, which also makes the location a practical bridge between New Cairo and the New Administrative Capital for anyone splitting the week between the two.
Leisure anchors sit inside the same radius. Al Ahly Club and Wadi Degla Club, the two sporting clubs that draw New Cairo families most consistently, are short drives away, so the compound does not need to build a full sports city of its own to serve its residents. Its immediate neighbours are established names, including Mivida by Emaar Misr, Mountain View’s New Cairo communities, and Amara Residence, which gives a buyer a ready benchmark for judging the price per square metre and the service standard before signing.
Mercon Developments, the company behind the project
Mercon Developments is the Egyptian joint stock company that owns and develops Nurai New Cairo. The company entered the market under its current name in 2019, but its board carries roughly 15 years of trading history and more than 70 delivered residential, commercial, administrative and hospitality projects, a record that puts it in a different risk class from a first time developer selling off plan with nothing built to inspect.
Its chairman also owns Memar Mekkah, a developer with earlier completed work in the Fifth Settlement and in Beit Al Watan, which is why the group’s branding occasionally appears under both names. Construction on the current portfolio runs in partnership with the Chinese state construction engineering group, the same contracting organisation responsible for the New Administrative Capital’s Iconic Tower. For a buyer, the relevance of that partnership is execution capacity rather than prestige: a contractor of that scale is unlikely to stall a 16 acre residential site for want of resources.
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The portfolio a prospective owner can actually visit is the most useful due diligence tool here. Pavo Tower in the New Administrative Capital is a completed Mercon commercial building, and the company’s other current work includes VX Golden Square and VX N90 in New Cairo, Riverton in New Cairo, and Marsa and Dayz on the North Coast. Walking through a finished Mercon asset before signing tells a buyer more about finish quality and facility management than any brochure rendering of Nurai will.
The 16 acre masterplan and the arithmetic of low density
Nurai spans 16 acres, of which 80% is allocated to landscaping, water features and facilities. That leaves buildings and internal roads sharing roughly 3.2 acres, and the remaining 12.8 acres carry a landscape laid out as a green valley threaded with clear lakes and recirculating fountains. Planted strips separate one building from the next rather than parking bays, so each block reads as a standalone address inside a park instead of one wing of a residential slab.
The building envelope explains how 380 units fit that footprint. Every block rises a ground floor plus three repeated levels, topped by a penthouse with a private roof, and no floor carries more than four apartments. At five sellable levels and four units each, a block holds around 20 apartments, which puts the compound at roughly 19 blocks. Spread across 3.2 acres of building and road area, that produces a footprint in the region of 700 square metres per block, a figure consistent with four apartments of the sizes Mercon is selling plus circulation cores. The density claim and the green ratio therefore support each other rather than contradict.
Architecturally the buildings lean on wide glazed facades that pull daylight deep into the living areas and turn the garden strips into the primary view from every unit. Internal layouts are planned for efficiency rather than for corridors, which is what allows a one bedroom plan to work at 39 square metres and a three bedroom plan to stay under 200. The absence of villas is a deliberate trade: by selling only apartments and a ground floor duplex, Mercon raised the share of open space and held the entry price at a level a far wider group of New Cairo buyers can clear.
Unit types, sizes and prices at Compound Nurai New Cairo in 2026
The unit mix runs from one to three bedrooms, plus a ground floor duplex with its own garden. One bedroom plans begin at 39 square metres for the smallest layouts and stretch to 87 square metres. Two bedroom apartments occupy the 113 to 126 square metre band, three bedroom apartments run from 157 to 195 square metres, and the ground floor duplex covers roughly 210 to 223 square metres across two levels. The table below sets out the areas, the instalment prices, and the rate per square metre derived from those prices.
| Unit type | Bedrooms | Area (m²) | Instalment price (EGP) | Price per m² (derived, EGP) |
|---|---|---|---|---|
| Apartment | 1 | 39 to 87 | 4,144,000 to 6,427,000 | 73,900 to 106,300 |
| Apartment | 2 | 113 to 126 | 7,039,000 to 8,585,000 | 62,300 to 68,100 |
| Apartment | 3 | 157 to 195 | 9,670,000 to 14,208,000 | 61,600 to 72,900 |
| Duplex (ground floor) | 3 | 223 | 15,269,000 | 68,500 |
The one bedroom apartment is the entry ticket and the most investment oriented plan in the project. At 39 square metres it suits a single professional, a first purchase, or a landlord targeting the student and academic demand generated by the two universities nearby, while the larger 87 square metre version works as a comfortable home for a couple. It is also the plan that carries the highest rate per square metre in the compound, which is the standard trade in every gated community: small units cost more per metre and less in total.
Two bedroom apartments between 113 and 126 square metres are the volume product for small families, with two bedrooms, bathrooms, a kitchen and a living area on a single level. This band is also the best value in the project on a per metre basis, starting near EGP 62,300 per square metre, so a buyer who can stretch from the one bedroom plan to the smallest two bedroom plan buys almost three times the area for less than double the price.
Three bedroom apartments from 157 to 195 square metres serve larger families who want generous reception and living space without moving to a villa compound. The band is wide, and the rate per square metre climbs with size inside it, from roughly EGP 61,600 at the 157 square metre end to about EGP 72,900 at the 195 square metre end, which suggests the larger plans in this tier carry better positions, corner exposure or larger terraces rather than simply more floor area.
The ground floor duplex is the only plan in Nurai that behaves like a house. It delivers three bedrooms over two levels with a private garden attached, at 223 square metres and EGP 15,269,000, which works out to about EGP 68,500 per square metre. It is aimed squarely at the buyer who wants the character of a villa, ground level access and outdoor space, but is willing to accept an apartment community in exchange for a Golden Square address.
What is the price per square metre at Nurai New Cairo?
The price per square metre at Nurai New Cairo runs from about EGP 61,600 to EGP 106,300, derived from the published area and price of each unit tier. Three bedroom apartments hold the lowest rates, two bedroom apartments sit in the low sixties, and the smallest one bedroom plans carry the highest rate in the compound.
Reading that spread correctly is the difference between a good purchase and an expensive one. The rate is not a quality signal inside the compound, because every unit shares the same landscape, the same facilities and the same finishing specification. It is a function of total ticket size, and the smallest plans are priced at a premium per metre precisely because the absolute sum is the lowest number in the project and demand for it is the deepest.
One practical caution applies to any rate quoted for this project. The figures above are instalment prices, not cash prices, so they already carry the cost of spreading payment over eight years and should not be compared directly against a cash rate quoted by a neighbouring compound. Prices are stated as updated for 2026 and move with construction progress and with the shrinking supply of land in the Golden Square, so confirming the current figure before reserving is not a formality here.
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The payment plan, maintenance deposit and garage fee
Mercon built the reservation terms around a low entry cost and one of the longer instalment periods available in the district. The full commercial structure a buyer signs up to is as follows.
- A contract down payment starting at 5% of the unit value, with the balance settled over 8 years in equal instalments.
- A maintenance deposit of 8% of the unit value, covering the compound’s facility management.
- A garage fee of EGP 230,000 added on top of the unit price.
- Delivery within 4 years of the contract date, semi-finished.
Applying those terms to the entry unit gives a concrete picture of the cash required. On the EGP 4,144,000 one bedroom apartment, the 5% down payment is EGP 207,200, and the remaining EGP 3,936,800 spread evenly across 96 months works out to roughly EGP 41,000 a month, or about EGP 123,000 a quarter if instalments are billed quarterly. The 8% maintenance deposit adds EGP 331,520 and the garage adds EGP 230,000, so a buyer should budget around EGP 561,500 in charges beyond the unit price itself. These figures are calculated from the published terms rather than quoted by the developer, and the signed contract governs.
The same arithmetic at the top of the range shows how the plan scales. The EGP 15,269,000 duplex needs EGP 763,450 at contract, leaves EGP 14,505,550 to clear over eight years at roughly EGP 151,000 a month, and carries an EGP 1,221,520 maintenance deposit plus the same EGP 230,000 garage fee. The proportions hold across the price list because both the down payment and the maintenance deposit are percentages, and only the garage fee is fixed, which means the garage weighs far more heavily on the smallest units than on the largest.
Semi-finished delivery is the other term worth pricing before signing. It hands the owner walls, floors and services ready for a personal finishing scheme, which suits anyone who wants to control the interior specification, but it also means a finishing budget falls due around handover rather than being financed inside the eight year plan. Against that, the 5% entry is materially lighter than the contract payments several neighbouring Golden Square compounds ask for, and that gap is the clearest commercial advantage the project holds today.
Facilities and daily services inside the compound
The facilities list is built around the 80% of land that is not construction, and it leans towards outdoor use, security and the routine administrative errands that usually force a resident out of the gate.
- A ring road around the perimeter that organises entry and exit, served by two main gates with secured electronic access.
- A green valley landscape carrying clear lakes and recirculating water fountains as the central open space.
- A dedicated cycling track, and a separate walking and running track routed through the gardens.
- A swimming pool zone with varied sizes and depths to suit different age groups.
- A health club and a gym with current equipment, alongside a secured children’s play area.
- Surveillance cameras and a management and monitoring system operating around the clock, with permanent maintenance and cleaning crews.
- Bank branches, ATMs and a real estate registry office located inside the project.
Two items on that list are unusual enough to be worth isolating. Separating the cycling track from the walking and running track is a planning decision most 16 acre schemes skip, and it removes the conflict between joggers and cyclists that makes shared paths in larger compounds unpleasant at peak hours. Placing a real estate registry office inside the gates is rarer still, and it shortens the contract registration errand that owners in newer New Cairo communities usually handle in a government office across town.
Nurai Walk, the retail and business address next door
Nurai Walk occupies 8 acres in the compound’s immediate surroundings and functions as its commercial counterpart rather than as a facility inside the residential gates. It comprises seven buildings on a ground plus three storeys format arranged around central water cascades, with parking placed in a garage beneath the buildings, and it sits close to 90th Street and the American University in Cairo. The tenant mix combines administrative floors, medical clinics and retail stores, so an owner in the compound has a working commercial district minutes from the front door.
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Commercial pricing at Nurai Walk starts at EGP 85,000 per square metre semi-finished and EGP 95,000 per square metre fully finished. Retail units begin at 60 square metres, which puts the smallest shop at roughly EGP 5,100,000 on the semi-finished rate, while standalone administrative buildings start at 1,200 square metres for buyers operating at whole building scale. For an investor, the practical value of that pairing is that residential demand and commercial footfall reinforce each other in the same catchment, which supports both rental interest in the apartments and tenant interest in the retail floors.
How the compound compares with its Golden Square neighbours
Set against Mivida, Mountain View’s New Cairo communities and Amara Residence, Nurai competes on scale rather than on breadth. The larger neighbours spread across hundreds of acres, carry villas, townhouses and full commercial spines, and price their entry apartments accordingly. Nurai answers with a 16 acre site, one product category and roughly 380 units, which means a buyer trades the variety of a large community for far lower shared occupancy of the same pools, gym and gardens.
The second difference is the entry structure. A 5% contract payment with eight years to settle the balance is a lighter opening commitment than most established Golden Square compounds require, and it changes who can buy rather than what they get. The third difference is timing risk: a compact site of roughly 19 low rise blocks with a large contractor behind it has a shorter and more predictable construction path than a phased masterplan that takes a decade to complete, which is a genuine argument for the smaller scheme rather than a consolation.
Who should buy at Nurai New Cairo, and who should look elsewhere
Compound Nurai New Cairo fits a buyer with a budget starting near EGP 4 million who wants a Golden Square address, values low density and a high green ratio over a long amenities list, and is comfortable financing a finishing package at handover. It also fits the investor buying the smallest plans, because the two universities nearby generate steady rental demand from students, faculty and visiting academics, and Nurai Walk adds a commercial catchment that supports that demand rather than competing with it.
It does not fit the buyer who wants a standalone villa, a twin house or a townhouse, because the project sells none of them and will not add them later without abandoning the green ratio that defines it. It is also the wrong choice for anyone who needs a fully finished unit on delivery, or who wants handover sooner than four years from contract, since both the finishing specification and the delivery window are fixed terms rather than options.
On the investment case, three stated facts carry the argument. Land inside the Golden Square is close to exhausted, which limits future competing supply in the same catchment. The unit count is small, so an individual apartment is scarce within the scheme as well as within the district. And the developer has more than 70 completed projects behind it, which lowers the probability of the delay that erodes returns on off plan purchases more reliably than any pricing mistake. Set against those, the risks are the fixed four year wait, the finishing cost outside the plan, and the premium rate per square metre on the smallest plans.
This analysis is for guidance only and is not an investment recommendation.
Frequently asked questions about Compound Nurai New Cairo
Who is the developer of Nurai New Cairo?
Nurai New Cairo is developed by Mercon Developments, an Egyptian joint stock company trading under its current name since 2019, with roughly 15 years of market history behind its board and more than 70 completed residential, commercial, administrative and hospitality projects. Construction runs with a Chinese state contracting partner.
How much does an apartment at Nurai New Cairo cost?
Apartment prices at Nurai New Cairo start at EGP 4,144,000 for a one bedroom unit and rise to EGP 14,208,000 for the largest three bedroom plan, with the ground floor duplex at EGP 15,269,000. These are 2026 instalment prices and change as construction advances.
When are the units delivered?
Units at Nurai New Cairo are delivered within four years of the contract date, semi-finished, which leaves the interior specification to the owner. No single calendar handover year is published, so the four year window runs from each buyer’s own signing date rather than from one fixed date for the whole project.
What is the down payment and instalment plan?
The plan starts at a 5% contract down payment, with the balance paid over eight years in equal instalments. A maintenance deposit of 8% of the unit value and a garage fee of EGP 230,000 are charged in addition to the unit price and sit outside the instalment schedule.
Are there villas or townhouses in the compound?
No. Nurai New Cairo sells apartments and a ground floor duplex only. Excluding villas and townhouses was a design decision that raised the share of land given to greenery and facilities to 80% and kept entry prices accessible, so the compound suits apartment buyers rather than those seeking detached homes.
Is Nurai Walk part of the residential compound?
Nurai Walk is a separate 8 acre commercial development in the compound’s surroundings, not a facility inside the residential gates. It holds seven ground plus three storey buildings with retail, clinics and offices, priced from EGP 85,000 per square metre semi-finished, and serves residents as a nearby commercial district.
The bottom line
Compound Nurai New Cairo is a boutique play on a scarce address. Sixteen acres in the Golden Square, 80% of it open space, roughly 380 apartments in low rise blocks of four units per floor, prices from EGP 4,144,000, a 5% contract payment, eight years of instalments and semi-finished delivery inside four years describe a project built for buyers who care more about density and entry cost than about amenity breadth.
The decision comes down to two questions. If an apartment in a park inside the Fifth Settlement’s most established residential band, bought with a light opening payment and finished to your own specification, matches what you are looking for, the project is worth a site visit and a close reading of the price list. If you need a villa, a finished unit or a faster handover, the answer lies elsewhere in New Cairo. To confirm current prices or arrange a viewing of Compound Nurai New Cairo, use the contact form on this page.