Palmeira Residence New Alamein

Palmeira Residence New Alamein is a coastal residential compound by Al Moameron Al Arab (MAG) on 54 feddans in the heart of New Alamein City. It is under construction, with units starting from a studio. Prices at Palmeira Residence start from EGP 1.44 million (EGP 1,440,000) as of the latest update in October 2026, with a 0% or 5% down payment and delivery in December 2029. Installments of up to 8 years are also mentioned. To compare with other New Alamein projects, see Downtown New Alamein and Latin District New Alamein.

Palmeira Residence Location and Kilometer

The project is inside New Alamein City on the North Coast, about 106 km from Alexandria via the Alexandria-Matrouh desert road, close to the New Alamein road network and the city’s transport plans. It sits in the middle of New Alamein, near the Arab Academy, the Heritage City and the Iconic Towers. No kilometer marker is announced because the project is inside the city and not on the coastal road, and we recommend fixing the location on the map before a viewing.

Why New Alamein

New Alamein is a new government-backed city on the Mediterranean with residential and tourist areas, coastal towers and an international airport nearby. Units are sold there for both summer and year-round living, which means that in some areas demand is not limited to the summer season. When comparing projects inside the city, pay attention to the distance to the beach and to the facilities, because a location inside the city does not always mean a direct sea view.

Areas and Available Units

The project covers 54 feddans (54 acres), with a large share set aside for green areas, crystal lagoons and entertainment. The units range across apartments, penthouses and chalets, with these areas:

• A 40 sqm studio, with prices starting from EGP 1.4 million.
• A 60 sqm one-bedroom apartment, with prices starting from EGP 2 million.
• A 100 sqm two-bedroom apartment, with prices starting from EGP 2.6 million.
• A 140 sqm three-bedroom apartment, with prices starting from EGP 4.9 million.
• A 180 sqm three-bedroom penthouse, with prices starting from EGP 6.8 million.

Ownership is freehold, and the number of units or buildings has not been announced. Resale listings show that most units in circulation are two-bedroom chalets of about 90 sqm, some with gardens.

Palmeira Residence Prices

Prices at Palmeira Residence start from EGP 1.44 million, while a “launch price” of EGP 2.2 million is also quoted. The gap is most likely between the lowest unit and the usual unit price. Dividing the lowest price by the area gives an indicative price per meter of about EGP 35,000 for the studio, EGP 33,000 for the one-bedroom, EGP 26,000 for the two-bedroom, EGP 35,000 for the three-bedroom and EGP 38,000 for the penthouse. That means the two-bedroom apartment has the lowest price per meter, and prices change with the floor and the view, with no official list published.

Payment Plans and Delivery

We present two options: the first with a 0% down payment and the second with a 5% down payment, both paid at contract signing, with the installment period not specified by the developer. One listing mentions a plan with a 5% down payment, installments over up to 8 years and delivery within 3 years, which is not an official figure. As an illustration on EGP 2.6 million with a 5% down payment, the down payment is about EGP 130,000, leaving EGP 2.47 million over 96 months at an installment of roughly EGP 25,700, with no interest or fees.

Delivery is in December 2029 (the fourth quarter of 2029), and construction is set to start in August 2026. We recommend confirming the 0% down payment option and its terms, because it usually means larger installments or later payments.

The Developer: Al Moameron Al Arab

The developer is Al Moameron Al Arab Real Estate Development (Al Moameron Al Arab – MAG). A partnership between Al Diwan Real Estate and Arab Developers is also mentioned, so the names differ by phase. Because the developer name is not consistent, we advise you to review the booking contract and the company’s record before any payment, and we will confirm the party responsible for your unit when you get in touch.

Services and Entertainment

What stands out about the project:

• Crystal lagoons, swimming pools and a private beach, as described by the developer.
• An international club, a clubhouse and sports courts.
• Kids’ entertainment areas, cafes, restaurants and retail outlets.
• An electric vehicle charging station, plus a bank, a mall, a mosque and a hotel in the master plan.
• 24-hour security, surveillance cameras and on-site maintenance.

Questions to Ask the Developer Before Signing

• What exactly is the developer’s name and what is the project license number?
• What are the terms of the 0% down payment and how do the installments change compared with the 5% option?
• What is the official installment period, and does it include extra annual payments?
• Are the lagoons and the international club part of the first phase or later phases?
• What are the maintenance fees and the owners’ association deposit after handover?

With different versions of the developer’s name in circulation, these questions are essential. A written answer from the company is the only reliable reference before you pay.

Quick Summary

• Developer: Al Moameron Al Arab (MAG).
• Location: New Alamein, 54 feddans.
• Prices: from EGP 1.44 million.
• Payment: 0% or 5% down payment.
• Delivery: December 2029.

What Is Confirmed and What Is Not at Palmeira Residence

What is confirmed: the location in New Alamein, the area of 54 feddans (or acres), the unit types and areas, delivery in December 2029, and freehold ownership. What is not confirmed: the exact developer name, the official installment period, the launch price (EGP 1.44 or 2.2 million), the number of units, and whether a private beach is part of the compound. We clarify these points for you when you get in touch.

Who Palmeira Residence Suits and Tips Before Booking

The project suits buyers looking for an apartment or studio in New Alamein on a relatively low budget with extended installments, whether for seasonal living or summer rental. Before booking, ask for the site plan and a clear contract in the developer’s name, confirm which down payment option you are getting, the installment period and the maintenance fees, and compare the price per meter with other New Alamein projects.

To compare the studio with the larger apartments, the two-bedroom apartment (100 sqm) offers the best value per meter at the announced prices, while the studio suits someone who wants a small unit for summer rental on a low budget. The penthouse serves those who want more space and a private roof. Because delivery is in 2029, avoid relying on a near-term return, and think about holding the unit long enough to cover maintenance costs.

Why Buy Through West Capital

West Capital is a real estate broker that follows the North Coast and New Alamein every day. When you contact us you get:

• An updated offer with the units available at Palmeira Residence, their prices and down payment options.
• An impartial comparison with New Alamein compounds on location and price per meter.
• A check of the developer’s name and the contract before any payment.
• Follow-up on the booking and contracting with the developer through to handover, with no fees or commission charged to the client.

For more, browse North Coast projects, learn about Al Moameron Al Arab Development, compare with Mazarine New Alamein, Palm Hills New Alamein and North Edge Towers, and see the best North Coast villages.

Frequently Asked Questions About Palmeira Residence

Where is Palmeira Residence compound located?

Inside New Alamein City on the North Coast, about 106 km from Alexandria.

How large is Palmeira Residence?

The project covers 54 feddans (54 acres), with a large share of green areas and lagoons.

What do Palmeira Residence prices start from?

From EGP 1.44 million for a studio, EGP 2.6 million for a two-bedroom apartment and EGP 6.8 million for a penthouse, as of the latest update in October 2026.

What is the payment plan at Palmeira Residence?

A 0% or 5% down payment. Installments of up to 8 years are mentioned, and we confirm the plan available at the time of booking.

When is Palmeira Residence delivered?

Delivery is in December 2029 (the fourth quarter of 2029).

Who is the developer of Palmeira Residence?

The developer is Al Moameron Al Arab (MAG). Partner names may differ, so we confirm the responsible party before booking.

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