Surprise… 311,000 pounds per square meter… A record high at the Capital Gardens auction

Surprise… 311,000 pounds per square meter… A record high at the Capital Gardens auction • The public auction organized by the New Urban Communities Authority in Capital Gardens saw fierce competition for commercial spaces, with the highest price per square meter reaching approximately 311,000 pounds. • The total proceeds from the auction exceeded 27.67 million pounds, with prices per square meter for the commercial units ranging from 112,000 to 311,000 pounds. • The winning bids included a supermarket, a bakery, a pastry shop, a dry cleaner, a laundry service, and a casual dining restaurant, as well as a kiosk providing public services, for which the annual usage fee in the first year was 800,000 pounds. • The auction results reflect the growing demand for commercial and investment opportunities within Capital Gardens, coinciding with the completion of the city’s service infrastructure.