Real estate marketing and measurement guides

A Hypothetical Google Search Case Study for a New Cairo Off-Plan Project

Calculate spend per contract using contracts from the same acquisition cohort. In the entirely hypothetical New Cairo scenario below, three of six monthly contracts came from older inquiries. Separate those cohorts to review the new campaign accurately.

Who this guide is for: Property marketing and sales teams reviewing campaign reports and contract timing.

By Yehia Ahmed
Reading Time3 min read
DifficultyPractical guide
Target AudienceMarketing, sales and measurement
CategoryGoogle Ads / SEM
Last UpdatedOctober 23, 2026
ImplementationDepends on data and scope
Table of contents

What the scenario assumes, and what it leaves unknown

Imagine an off-plan project in New Cairo running a Search campaign. The commercial team has an approved offer, a working Landing Page and a CRM record for each unique inquiry. Use the hypothetical project context to review the cohort definitions and calculations.

The example assumes the counts below are unique, their source records can be reconciled and the qualified leads meet agreed project criteria. It does not supply sales salaries, service fees, cancellations, collections or profit. Those unknowns must not be filled with invented industry averages.

Two different reporting questions in the same month

All values are invented for arithmetic in EGP. The contract count by signing month answers what closed during the month. The contract count by inquiry cohort answers what happened to people acquired in the selected campaign period. Both views can be useful; they should not silently share a denominator.

On smaller screens, scroll the table horizontally to read all columns.

Hypothetical monthly report: no client performance claim
ItemIllustrative valueMeaning
Search advertising spend in the selected month90,000 EGPOnly media spend; other acquisition costs are excluded
Unique inquiries acquired in that month300One successful receipt per inquiry
Project-qualified leads in that cohort60Documented fit criteria, not merely a click or a contact attempt
Contracts signed during the month6Three from the new cohort and three from older cohorts
New-cohort contracts recorded by the review cutoff3Later outcomes may still be incomplete
Older-cohort contracts signed this month3Their original advertising spend is not provided

Calculate the costs with the boundary visible

For the new cohort, CPL is 90,000 ÷ 300 = 300 EGP, and CPQL is 90,000 ÷ 60 = 1,500 EGP. Advertising spend per contract recorded for this cohort is 90,000 ÷ 3 = 30,000 EGP at the review cutoff. This last value can change as outcomes mature.

Using all six contracts instead gives 15,000 EGP, but it combines new spend with contracts from older cohorts. It is not the new cohort's spend per contract. The original spend for the older three contracts is unknown, and none of these figures is full CAC, collected revenue or profit.

What the CRM needs to preserve for this check

Retain the inquiry ID, initial receipt time, acquisition source, campaign reference, qualification criteria version, stage timestamps and contract reference where applicable. Keep missing source information and unresolved follow-up visible. Do not count one signed contract twice because it appears in two platform reports.

Google's qualified-lead and converted-lead goals describe business-defined stages. A converted lead is not automatically a signed contract. Agree the actual outcome and integration method; a stored click identifier or a delivered event does not establish that the entire business record is correct.

Primary reference: Google Ads: qualified leads and converted leads

Use the example to choose a check, not declare a strategy winner

This arithmetic does not show that match-type isolation, STAGs or a different bid strategy caused an improvement. No comparison campaign, baseline or randomized test is provided. Even the difference between two observed cohorts would need interpretation for offer changes, follow-up, market conditions and conversion delay.

If the source records do not reconcile, repair the reporting first. If leads fit the project but follow-up is incomplete, review routing and ownership. If project fit is weak, review the approved offer, search terms and destination. Use the campaign review guide for an account already spending, or the launch guide before a new campaign starts.

Record the date of the conclusion

Write the acquisition period, review cutoff, number of unresolved cases and the included cost boundary beside the conclusion. Compare cohorts after equal follow-up where possible. A recent cohort with no contract yet has an unavailable spend-per-contract value, not a zero acquisition cost.

Keep a separate signing-month view for commercial operations. That view can be useful without being relabeled as campaign acquisition performance. The goal is a decision the marketing and sales teams can reproduce from the same records.

Frequently asked questions

No. It is an explicitly hypothetical reporting example with invented inputs. It does not document a client campaign, an observed CPL reduction or a regional performance benchmark.

Choose the next step for your project review

Share the project brief, target market and available budget. For existing campaigns, include aggregate spend, lead quality and follow-up outcomes for the same period to define the scope and deliverables.

Explore the service and discuss your project

Related practical guides

Yehia Ahmed

About the Author

Yehia Ahmed is a Senior Digital Marketing & Growth Director | Performance Marketing & Media Buying Strategist, specializing in real estate growth across Egypt and the GCC, with expertise spanning SEM, Marketing Analytics, AI in Marketing, Marketing Automation, CRM, and Lead Management.