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Eateries in new cities exempted from usufruct fees during COVID-19 closure
The decision covers all eateries and cafeterias in NUCA-affiliated new cities, and covers the period of closures due to the novel coronavirus (COVID-19) pandemic.
EBRD to invest EGP 1.5bn in NUCA bond issuance
Bank has leant its support to Egypt’s largest local currency bond issuance
NUCA Egypt bond wins top securitisation deal award
Authority has embarked on ambitious investment plan to develop several new cities across Egypt
NUCA’s investment plan increases to EGP 90bn in FY 2019/20
Authority receives 3,000 requests to obtain lands through market orientation mechanism, of which 650 pay down payments
Al Ahly Sabbour partners with NUCA to develop KEEVA with EGP 5bn investments
144-feddan project to be developed over 4 phases
NUCA to keep land rates unchanged for industrial projects until 30 June
Allocating 32 plots of land in six new cities to establish service, commercial, and administrative projects
SODIC, NUCA sign escrow account contract with Banque Misr for 500-feddan plot in New Zayed
SODIC had signed the partnership agreement for the 500-feddan plot with the NUCA in March 2019. Since then, the company has been awarded the ministerial decree and launched the first neighbourhood of the project “VYE” which achieved over EGP 1bn in booked sales.
NUCA, Emaar agree to develop EGP 50bn integrated residential projects
The NUCA has handed over a 500-feddan plot of land to Emaar in Sheikh Zayed Extension City for another full-service residential project with investments worth approximately EGP 37.8bn and will create more than 70,000 direct and indirect jobs.
Lack of cooperation between real estate developers and state caused failure of first, second generation cities: NUCA
During a Sunday press conference, Emara stressed that without establishing cooperation between real estate developers and the state, there will be no new cities, noting that the state builds infrastructure of new areas, which facilitates developers’ work later.
NUCA commissions SECON to manage, market New Alexandria project
SECON to market 417-feddan urban area in the first phase of the project, says CEO
Direct-order land allocation system likely to attract FDIs: Developers
New mechanism encourages companies to acquire new land in a safe, stable way away from land dealers, brokers, says developer
Sarwa Capital to close 2nd phase of securitisation NUCA bonds this month
Sukuk will attract new blood, raising awareness is challenging, says El-Sawy
Egypt to launch online booking of land, residential units in new cities: Housing minister
NUCA presents investment opportunities to developers through its website
NUCA to collect EGP 85bn in proceeds from direct-order land allocation
Authority received 900 requests for land allocation, says assistant housing minister
NUCA receives 700 requests for direct allocation of land
Total investments of projects scheduled for approvals recorded EGP 300bn, says Walid Abbas
Egypt’s government issues 100 approvals for real estate projects annually
State focuses on overcoming any obstacles facing investors working in New Alamein city
Arkan negotiates with NUCA to build 15-feddan urban development project
Project comprises of 30 commercial units, 70 administrative units
Better Home decides to abolish expenses of unit’s ownership transfer
The board of directors of the Better Home Group company issued a decision to abolish expenses of transferring units’ ownership in the company’s projects, estimated at about 6% of the total value of the residential unit, as a facilitation for customers. The company pointed out that the board of directors decided to abolish these expenses …
Palm Hills, NUCA sign 205 feddan mixed-use development agreement
Palm Hills Developments announced, on Sunday, that that its subsidiary, Arkan Palm for Real Estate Investment Company, of which Palm Hills owns 40% stake, signed a mixed-use co-development agreement with the New Urban Communities Authority (NUCA) on a revenue sharing basis. The project will be built over 205 feddan in Sheikh Zayed City. It will …
Metallurgical Holding Company, NUCA sign cooperation protocol to develop 1m sqm land plot in New Cairo
The Minister of Housing, Utilities and Urban Communities, Assem El Gazzar, and the Minister of Public Enterprise Sector, Hesham Tawfik, witnessed the signing of a cooperation protocol between the Metallurgical Holding Company, affiliated to the ministry of public enterprise sector, and the New Urban Communities Authority (NUCA), affiliated to the ministry of housing, in order …
Housing Ministry surpasses real estate developers in sales of new cities
No competition exists between state, developers in new cities, says NUCA assistant housing minister
NUCA develops 375 projects with EGP 5tn in four years
Ministry issued 115 ministerial approvals on new real estate projects, distributed over 15 cities during past year, including 23 projects in New Administrative Capital, says Abbas
NUCA to launch third phase of partnership projects early next year
EGP 7.8bn of sales achieved from offering 5 skyscrapers in New Alamein city, says Abbas
Tatweer Misr plans to develop 500 feddans in Sheikh Zayed
EGP16BN IL Monte Galala’s investments, 2,700 units sold out thus far, Says Managing Director
Second phase of Sakan Misr project sells 6,650 conditions booklets in 17 days: NUCA deputy chairperson
The deputy chairperson of the New Urban Communities Authority for Real Estate and Commercial Affairs (NUCA), Tarek Al-Sibai announced n a press statement on Wednesday that the sales of the second phase of “Sakan Misr” conditions booklets reached 6,650 for 22,244 units, in eight new cities in 17 days, since the reservation opened on 3 …
Momentum in NUCA’s auctions to continue: Beltone Research
HDB stands as key beneficiary on continued flow of low-cost deposits
NUCA allocates EGP 54bn for utilities in new fiscal year
18 ministerial approvals for over 2,000-feddan area to be issued within 2 months
NUCA is working to revitalise real estate sector: Madbouly
Authority is preparing diversified investment offering comprising partnership plots for various companies, minister says
NUCA, HDBEG join forces to introduce City Edge Developments
Mostafa Madbouly, minister of housing, utilities, and urban development, attended the launch of the newly established City Edge Developments that revealed the company’s unique and distinctive vision in penetrating the real estate market. City Edge Developments, a partnership between the New Urban Communities Authority (NUCA) with 60%, the Housing and Development Bank (HDBEG) with 38%, …
SODIC studies partnership with NUCA
SODIC’s board discusses revenues division plan Monday