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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 …

Shaimaa Al-Aees

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 …

Daily News Egypt

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 …

Shaimaa Al-Aees

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%, …

Daily News Egypt

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 …

Shaimaa Al-Aees

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 …

Mohamed Darwish

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 …

Shaimaa Al-Aees