The unit price benchmark for buying or valuing residential space, the standard comparison metric across Gulf and Egyptian markets (versus price per square foot in the US and UK).
Related terms
- Ready property
A completed unit available for immediate occupation, as opposed to off-plan.
- Ready property vs off-plan
The distinction between a completed unit available for immediate handover and one sold before or during construction; off-plan offers lower entry prices and pa…
- Rent-to-income ratio
The share of a household's gross income spent on rent; lenders and policymakers use it as an affordability gauge, with anything above roughly 30–40 percent see…
- Second home
A property bought for leisure or occasional use rather than a primary residence.
- Social housing
Housing provided or subsidised by government or non-profits for households who cannot access the open market, allocated by need rather than ability to pay.
- Affordability
The relationship between house prices or rents and household incomes.
- Affordable housing
Housing priced so that lower- and middle-income households spend no more than a set share of income (often 30 percent) on rent or purchase; a growing policy fo…
- Build-to-rent (BTR)
Purpose-built residential developed specifically to be rented rather than sold.