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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
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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
Government policies commodify housing: 10 Tooba
The government has been actively commodifying housing, says the latest report by 10 Tooba for Applied Research on the Built Environment. The independent institution says the government is advancing the pattern, whether directly, through investing in large-scale, higher-end housing, or through the continued market deregulation, encouraging speculative buying. The report noted that government policies further …
Adding new floors decision represents an additional income for companies
The decision regulates the process and limits the violations in buildings, says consultant
Talaat Moustafa Group waives “Madinaty” interests lawsuit against NUCA
Talaat Moustafa Holding Group said on Sunday that it has waived the lawsuit against the New Urban Communities Authority (NUCA) in objection to the interest rate it the former owes to the latter in Madinaty project. The company explained in a report to the Egyptian Stock Exchange (EGX) that it waived the lawsuit within the …
NUCA offered 12,000 feddans within a year: Housing Minister
The increase in land prices and interest rates are the main challenges facing the sector, says developers
Housing Ministry supports the real estate sector within a comprehensive plan for economic reform: Madbouly
Ministry provides units and land for all income segments and meet the demands of developers according to various investment models
NUCA receives offers to pay for distinct lands in New Cairo and Sheikh Zayed in cash
Plot price registers EGP 6m
NUCA approves 20 new projects on 1,500 acres
The main companies are Mountain View, Talaat Moustafa Group, Hyde Park, and Mall of Arabia
EGP 50bn to be collected from adjusting conditions of 12,500 acres in Green Belt
EGP 42.8bn collected for change of activity and utilities, EGP 7bn from restored lands
NUCA plans to expand land offerings for different segments of society
NUCA is forming a committee to follow up on the application of real estate regulations in the new cities
NUCA completes 65% of its investment plan in FY 2016/2017: Mamdouh
The authority spent EGP 24bn on social and middle-income housing projects, as well as installing facilities
NUCA preparing land offerings for investors and partnership projects
The New Urban Communities Authority (NUCA) has received an offer from Egyptian and Arab alliances to develop partnership projects. The authority has requested companies to make offers to compete on the projects of the second phase. The planning and projects sector has completed the preparation of lands for investment and service activities, in addition to …
NUCA investments EGP 37bn in current FY: assistant Minister of Housing
40,000 workers and technicians are working on the New Administrative Capital project
Housing Ministry offers new phase of distinctive lands through NUCA
The ministry allocates 1,465 lands in a complementary toss for losers of previous tosses
Dar Misr auctions increased prices of commercial units in new cities
Brokers increased the value per square metre to record levels, provided resale offers after the auction
Sale of Imbaba airport land raises dispute between residents, Housing Ministry
The Popular Committee for the Defence of Imbaba Airport Land is preparing to file a lawsuit against the decision
Deadline for social housing land recipients in 7 cities to pay reservation advance: NUCA
The New Urban Communities Authority (NUCA) has decided to give the recipients of about 17,100 pieces of land in the social housing axis in seven new cities a deadline to complete the payment of the rest of the advance of the land reservation. Tarek El-Sebaay, supervisor of the commercial and real estate affairs department at …
Polaris studies launching real estate projects in New Administrative Capital, 6th of October City
Real estate director at Polaris Parks Bassel Shoirah said that Polaris International Industrial Parks, an industrial developer, is negotiating with the Ministry of Housing to obtain lands in the New Administrative Capital, 6th of October City, and Fifth Settlement. Shoirah told Daily News Egypt that his company is looking for developing middle-income housing in the …