# Payment Plans in New Obour — 15% Down, 6 Years Interest-Free > Ouda payment plans in New Obour: 15% down and 6 years interest-free at Canary, or 50% down over 24 months on ready units. Call 17793. Source: https://ouda-developments.com/en/payment-plans-obour/ Language: en Publisher: Ouda Developments — https://ouda-developments.com --- **Last updated: 13 September 2026** · Official payment terms issued by Ouda Developments. ## The official terms | Item | Value | | --- | --- | | Down payment | **15% — can be split into 3 equal instalments over 3 months** | | Fixed-monthly plan | Choose your own monthly amount (e.g. EGP 15,000 or 20,000) with the balance paid in semi-annual or annual payments | | Instalment period | **up to 6 years** | | Bank interest | **Zero — completely interest-free** | | Handover | **3 years from contract date** | | Reservation deposit | **EGP 50,000 — refundable** | | Maintenance deposit | **7.5%** — payable in instalments or on handover | The practical point: **you receive your unit while still mid-way through the payment plan** — handover at 3 years, instalments over 6. You can live in it or rent it out while payments continue. ## Ouda projects and their payment terms Ouda has more than one project in Obour, each with its own terms and availability: | Project | Location | Status | Payment | | --- | --- | --- | --- | | [Canary Compound](https://ouda-developments.com/en/canary-compound/) | District 25 | Pre-launch — 3-year handover | **15% down · 6 years interest-free** | | [Golf City Al-Obour](https://ouda-developments.com/en/golf-city-al-obour/) | Golf City | **Ready to move** | **50% down · up to 24 months** | | [Isis Cairo](https://ouda-developments.com/en/isis-cairo/) | Gesr El Suez – Obour | **Ready to move** | **50% down · up to 24 months** | Need immediate handover? Golf City and Isis Cairo — 50% down, up to 24 months. Want the lowest down payment and the longest plan? Canary — 15% down, 6 years interest-free. ## A worked example: an EGP 3,000,000 unit | Item | Amount | | --- | --- | | Unit price | EGP 3,000,000 | | Down payment (15%) | EGP 450,000 | | Balance | EGP 2,550,000 | | Number of instalments | 72 monthly | | Monthly instalment | **approx. EGP 35,417** | | Total interest | **0** | Indicative figures. [Try the calculator on the Canary page](https://ouda-developments.com/en/canary-compound/). ## What “interest-free” actually means The total you pay across the 6 years equals the unit price agreed in the contract — with no bank markup or interest rate added. This is different from mortgage finance, which is arranged through a bank and adds interest on top of the principal. ## Reservation and maintenance deposits ### Reservation deposit — EGP 50,000 A refundable amount paid at reservation to hold the unit and its price until contracting. ### Maintenance deposit — 7.5% Covers maintenance and compound management after handover. You can pay it alongside your instalments, or in full on handover. ## Clubhouse membership Clubhouse membership worth **EGP 200,000, free for launch clients** . The clubhouse spans 2,100 m² over two floors and includes swimming pools, a gym, co-working spaces and medical clinics. ## Figures circulating on broker sites | Item | Published on broker sites | Official from Ouda | | --- | --- | --- | | Down payment | 5% | **15%** | | Instalment period | 8 years | **6 years, interest-free** | | Handover | 2030 | **3 years from contract date** | If you have been offered different terms, confirm on [17793](tel:17793). ## Frequently asked questions ### How much is the down payment? The down payment is 15% of the unit price. ### How many years, and is there interest? Up to 6 years, with no bank interest at all. ### When is handover? Within 3 years of the contract date, stated in the contract together with the specifications and finishes. ### Is the reservation deposit refundable? Yes — the EGP 50,000 reservation deposit is refundable. ## Want the terms confirmed? Call [17793](tel:17793) or message us on [WhatsApp](https://api.whatsapp.com/send/?phone=201033553777) — we will send the official payment schedule for the unit that suits you. See also [official prices](https://ouda-developments.com/en/apartment-prices/). *Disclaimer: all figures valid as of 13 September 2026 and subject to change without notice.* [villas and townhouses in Obour](https://ouda-developments.com/en/villas-townhouses-obour/) ## The two payment structures, side by side Ouda projects run on two distinct structures, and they suit different buyers rather than competing with each other. For the current launch at Canary in District 25: 15 percent down with instalments up to six years and no bank interest, a refundable EGP 50,000 reservation deposit, a 7.5 percent maintenance deposit payable either across the instalments or at handover, and handover within three years of the contract date, written into the contract alongside the specifications. For the ready units at Golf City and Isis Cairo: 50 percent down with the balance over up to 24 months, and immediate handover. The first structure preserves liquidity and spreads the burden while deferring use of the unit; the second demands liquidity up front and starts the benefit immediately. Figures valid 26 August 2026 and subject to change. ## How to compare two offers properly Price per square metre alone cannot decide between two offers, because the payment structure changes the real cost. The practical method is to total everything you will actually pay across the full term — the down payment, the sum of all instalments, the reservation deposit if it is not credited, and the maintenance deposit — then divide that total by the actual area, and compare that figure rather than the headline one. Two further questions belong in the same conversation: is there any interest or administrative fee inside the instalment schedule, and what level of finish is handed over. A semi-finished unit needs a finishing stage with its own cost and its own timeline before it can be lived in or let. Ask for every answer in the contract, not in conversation. ## Canary 2026 — the official figures These are the approved figures for Canary Compound in District 25, New Obour City, valid as of 26 August 2026. Price per square metre starts at **EGP 27,000** in the pre-launch stage; the official launch is expected **soon** from **EGP 29,900** , against an El Obour compound average of **EGP 32,900** . Payment: **15 percent down** with instalments up to **six years** and no bank interest. The reservation deposit is **EGP 50,000, refundable** , and the maintenance deposit is **7.5 percent** , payable across the instalments or at handover. Units run from **70 to 355 square metres** . Handover is within **three years** of the contract date, written into the contract alongside the specifications. ## If you find a different number elsewhere Project details are republished on many brokerage sites, and the figures there may differ from the ones above — in price per metre, in the down payment, in the number of instalment years, or in unit sizes. The only binding source is what the company publishes on its own site and what is written into the contract, which is exactly why this page carries a validity date. The practical rule before reserving anything: ask for a written, signed quotation from the company, and check that the down payment, the number of instalments, the unit area and the handover period are all stated as numbers rather than described. Any figure that reaches you from a third party — however attractive — needs confirming at the source before you build a decision on it. To confirm what applies today: [17793](tel:17793).