Wednesday 04/February/2026 – 12:10 AM
The price of a commercial square meter reached a record high in the latest public auction organized by the City Development Authority October 6to reflect a clear boom in investment demand for commercial activities within the city, and confirms its position as one of the strongest investment destinations in new cities.
The agency announced that the last public auction to offer a number of commercial stores and pharmacies in distinct areas, including the northern expansions, Jannah, the first and fourth urban areas, witnessed strong competition between individuals, resulting in the price per square meter reaching about 291 thousand pounds in some locations, which is the highest level recorded so far in the agency’s auctions.
291 thousand pounds, the price of a commercial meter
For his part, Engineer Mohamed Adel, head of the 6th of October City Authority, explained that the record prices achieved came as a result of the strategic locations of the shops on offer, the increasing residential densities, and the diversity of activities, noting that the award prices started at 153 thousand pounds per meter and gradually rose with the intensity of competition until they reached their peak.
He added that the auction resulted in total investments estimated at about 36 million pounds, with the variety of activities that were awarded to include basic and commercial services that meet the needs of the population, stressing that these indicators reflect investors’ confidence in the commercial market in 6th of October City and its ability to achieve sustainable returns.
The head of the agency stressed that auctions are held within a framework of complete transparency, in the presence of representatives of the regulatory authorities and the State Council, in order to preserve public money and ensure equal opportunities, pointing out that the agency will continue to offer more investment opportunities during the coming period.
Recording the price per meter to this record level reflects the transformation of 6th of October City into a competitive investment market competing with private sector projects, and confirms the attractiveness of commercial investment in light of the city’s rapid urban and service expansion.
