Palmet New Cairo

Palmet New Cairo: offices handed over next summer, and the bigger ones cost less per metre

Palmet New Cairo is a mixed-use project by Palm Hills Developments on 28 feddans on the Middle Ring Road, near 90th Street. What is on offer now is administrative units, offices from 68 to 208 m², priced from EGP 13,030,000 to 36,774,000, with 5% down, 8 years of instalments and handover in June 2027. There are 16 units available.

Two things matter most here: handover is only about eight months away, and the price per metre falls as the office gets bigger. This page explains what you get, what it costs each month, and how it compares with other offices in New Cairo.

Who is Palmet New Cairo for?

A company that wants its own office

From 68 m² for a small team up to 208 m² for a full head office, with a short wait before moving in.

A professional who wants to stop paying rent

A consultant, an accountant or a small firm can pay instalments instead of rent, and own the office at the end.

An investor who wants to let an office

Offices near large compounds and a ring road usually find tenants, but check real rents before you decide.

Not for someone looking for a home

Everything on offer here is administrative. For homes from the same developer nearby, see Palm Hills New Cairo, about 800 metres away.

What is Palmet?

According to the project's details, the master plan is by Chapman Taylor and splits the 28 feddans into commercial, administrative, entertainment and social areas, with serviced apartments, a hotel, and an education and sports zone, around green spaces. The idea is a place people come to for more than one reason, so it stays busy through the day: offices in the morning, services in the afternoon, restaurants at night. For an office owner, that mix means visitors and staff have food, parking and services within walking distance.

It is not the same project as Palmet in 6th of October, which shares the name and the developer but sits on the other side of Cairo.

The offices and their prices

• Smallest office, 68 m²: 13,030,000, about 191,600 per m².
• Largest office, 208 m²: 36,774,000, about 176,800 per m².

The sizes in between run across 16 units. The largest office's metre is about 14,800 cheaper than the smallest's, so a company that needs space pays less per metre. If two partners each want a small office, it is worth asking whether one larger unit split between them works out cheaper.

What the price usually does not include

The finishing level is not recorded with us. Ask whether the office is delivered core and shell or finished, and whether air conditioning, a parking space and the maintenance deposit are in the price. In an office, fit-out can add a large sum, so get it in writing.

The sums: 5% down, 8 years

• Smallest office: 651,500 down, then about 128,900 a month.
• Largest office: 1,838,700 down, then about 363,900 a month.

Compare the monthly instalment with the rent you pay today for a similar office. If the instalment is close to the rent, you are paying for an asset instead of a landlord. Since handover is next summer and the plan runs 8 years, you will use the office for about seven years while still paying. These are approximate and before any increases; details are under payment plans.

Against other offices in New Cairo

• Three Sixty: about 233,700 a metre.
• Vie / Halo: about 191,800.
• Palmet: from about 176,800 to 191,600.
• El Patio Oro: about 175,000.
• Sumou Boulevard: about 125,800.
• Solay: about 124,900.
• HAPTown: about 120,000.

So Palmet is in the upper band, close to El Patio Oro and Vie / Halo, and far above Sumou Boulevard 2.3 km away. The extra pays for the Palm Hills name, the Middle Ring Road frontage, and a handover date close enough to plan around. If your budget is tight and you can wait, the cheaper projects may suit you; if you need the office soon, Palmet's date is its strongest point.

Handover in June 2027

Most offices sold in New Cairo today are years from handover. Here the gap between signing and opening is short, which lowers the risk of waiting. If you plan to use the office yourself, start on the licence, fit-out and furniture early, so you are ready when the first tenants and visitors arrive. And visit the site to see how far construction has come before you sign.

For investment

An office here earns only if it is let, so work out the return with real numbers: ask what similar offices nearby let for, multiply by 12, subtract maintenance and empty months, and divide by the price. Smaller offices usually find tenants faster but cost more per metre; larger ones cost less per metre but take longer to let. Also ask whether the developer offers a management or leasing service.

The location

Palmet is on the Middle Ring Road in New Cairo, near 90th Street. Its neighbours are Palm Hills New Cairo and Mist about 800 metres away, Trio 1 km, Triangle 1.1 km, Mountain View iCity 1.3 km and Telal East 1.9 km. Those compounds are the offices' daily market: their residents are the clients and staff. See it under location, or the New Cairo page, with 284 projects published on Masharf.

The developer

Palm Hills has 35 projects published on Masharf, among them Palm Hills New Cairo next door, Badya in October and Hacienda Waters on the coast. Building offices beside its own homes means the developer has a stake in the area staying busy.

Things to know before you book

• Ask what activities the office licence allows, such as clinics or only offices.
• Ask about the finishing, parking and the service charge.
• Ask for the full payment schedule in writing.
• Read the pros and cons and the amenities above.

Your next step

Look at the units under available units and the FAQs. Tell Masharf on WhatsApp, from the button on this page, the size you need and what your business does, and we will send you a written offer for the offices that fit.