Gold Slides Further to EGP 5,835 as 'Beitak Fi Misr' Reveals Per-Metre Prices Project by Project: A Reading of the Real Estate Market — 15 November 2026

<h2>Today's/this week's big market numbers</h2><p>Gold extended its slide this Sunday morning: 21-karat gold fell by around EGP 105 to EGP 5,835 per gram at the start of trading, 24-karat gold to EGP 6,670, and the gold pound to EGP 46,680, according to Masrawy's morning update, while the global ounce held around $3,884, up a slight 0.19% according to Bloomberg data, with global metal exchanges closed for the Sunday holiday. In the 'Beitak Fi Misr' file, EgyIn published yesterday a project-by-project breakdown of per-metre prices: Madinaty B at $864 per square metre (around EGP 46,175), Madinaty B15 at $908 (around EGP 48,530), and Janna at $513 (around EGP 27,400) — all in New Cairo, all fully finished and ready for delivery — while the metre starts at $412 (around EGP 22,000) in Sakan Misr in Shorouk and reaches $903 (around EGP 48,290) in Sheikh Zayed, according to the third-phase brochure of the Ministry of Housing.</p><h2>Gold today and what it means for the property decision</h2><p>21-karat gold recorded around EGP 5,835 per gram this morning, 24-karat gold around EGP 6,670, 18-karat gold around EGP 5,000, and the gold pound around EGP 46,680, according to Masrawy. That means 21-karat gold has lost around EGP 325 since last Wednesday — when it recorded around EGP 6,160 according to iSagha — around 5% of its value in just four days, moving further away from the EGP 6,000 mark it broke through during the week. Gold's link to property is direct in the Egyptian buyer's calculations: every swing in the yellow metal pushes a segment of savers to rebalance between gold and property as stores of value — and anyone who held savings in gold since Wednesday has practically lost around 5% of their purchasing power per square metre in four days, which makes switching to property cheaper today than it was in mid-week, but with the slide continuing and no clear bottom yet, switching in instalments remains the wiser decision, not in one go.</p><h2>New projects and offerings</h2><p>The headline offering today is the project-by-project price detail of 'Beitak Fi Misr', as EgyIn published yesterday evening from the Ministry of Housing's third-phase brochure: in New Cairo, the Madinaty B project holds around 1,005 fully finished, ready-to-deliver units at $864 per square metre (around EGP 46,175), Madinaty B15 around 216 units of 96–178 sqm at $908 (around EGP 48,530), and Janna around 216 units of 115–130 sqm at $513 (around EGP 27,400). In Shorouk, the Sakan Misr project holds around 120 units of 106–133 sqm at $412 per square metre (around EGP 22,000) with delivery starting 30 March 2027; in 6th of October, the Saba project holds around 192 units of 95–141 sqm at $424 (around EGP 22,630) on the same date; in New Alamein, the Diyarna project holds 640 units of 104–154 sqm at $447 (around EGP 23,900) with delivery starting 30 March 2028; while Sheikh Zayed prices reach $903 per square metre (around EGP 48,290) with delivery in December 2028. The offering totals around 4,000 units across 21 projects with areas of 56–504 sqm, and registration remains open for Egyptians abroad with transfers starting at $5,000 — with the repeated official reminder that registration and transfer do not mean booking or allocation. No new private launch was announced by developers today.</p><h2>A trend worth watching: same city, a per-metre price gap of around 77%</h2><p>The deeper reading of today's figures is that the price per square metre varies not only between cities, but between projects within the same city. In New Cairo itself, the metre in the Janna project is around EGP 27,400, while in Madinaty B15 it is around EGP 48,530 — around 77% higher — even though both projects are in the same city, in the same tier (luxury housing), and both fully finished and ready for delivery. The gap is therefore not a city gap or a finishing gap, but a project and location gap within the city: the compound, the name, and the precise location inside New Cairo make the difference. The practical meaning is twofold: first, anyone comparing 'the price per square metre in New Cairo' as a single number is misleading themselves — the right comparison is project to project, and the official price ladder published by the Ministry gives you a free reference for that before any negotiation with a private developer. Second, this gap intersects with gold's fall of around 5% in four days: anyone converting gold savings today buys fewer metres in the pricier project, while the cheaper project in the same city stays within their budget — meaning timing and precise comparison together decide how many metres you buy, not the budget alone.</p><h2>From our market today</h2><p>The Dealers State catalogue currently holds 98 units with published prices: starting at EGP 1,375,000 with a median price of around EGP 10.05 million, split between 72 developer units (66 under construction and 6 ready) and 26 resale units (19 ready immediately and 7 under construction). No new unit was added today — the list is the same as yesterday's — and entry options priced below the market median are still genuinely available for anyone searching in the right two segments and comparing price per square metre within the same project.</p><h2>A practical takeaway for buyers</h2><p>Three practical signals: first, compare price per square metre project by project, not city by city — the gap between Janna (around EGP 27,400 per square metre) and Madinaty B15 (around EGP 48,530) in New Cairo itself means the project's name and precise location decide your budget before the city does. Second, gold's loss of around EGP 325 in four days makes switching to property cheaper than it was on Wednesday, but the slide has not yet reached a clear bottom, so switch in instalments. Third, if you are an Egyptian abroad, registration for 'Beitak Fi Misr' is still open with a published price ladder project by project ($513–$908 per square metre in New Cairo) — compare any private offer against it before transferring, and remember that a transfer does not book the unit. A new edition tomorrow with the next day's figures.</p>