5706 Units for Rent Reserved in 10 Governorates

• Monday, 17th October 2016
• by Karim Mohy

Around 5,706 units that are part of the government’s social housing program have been reserved for rent to residents whose monthly income is less than EGP 1,500.

8592 Social Housing Units Completed in New Assiut City

• Monday, 17th October 2016
• by Karim Mohy

A number of housing, water, sewage, agriculture, electricity and communications projects have been completed in New Assiut City at a total cost of EGP 3.2 billion, according to Mostafa Madbouly, Minister of Housing, Utilities, and Urban Communities.

High Turnout on Units in Madinaty and Rehab

• Monday, 17th October 2016
• by Karim Mohy

The Housing and Development Bank has witnessed a large number of applicants in its Mohandiseen and Abas El Akkad branches looking to reserve units located in Rehab and Madinaty.

EGP 2.3 bn in Housing, Infrastructure Projects Underway in Kafr El Sheikh  

• Sunday, 16th October 2016
• by Joana Saba

Over EGP 2.3 bn in infrastructure and housing projects are set to be built in Kafr El Sheikh, according to Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly.

NUCA Extends Deadline for Payments for Permit-Holders in New Cities

• Sunday, 16th October 2016
• by Joana Saba

The New Urban Communities Authority has extended the deadline to receive the full payment on concessions for residential, commercial and administrative units in new cities until December 31 in efforts to facilitate the avoidance of penalties, according to a statement from the Ministry of Housing, Utilities, and Urban Communities.

7 Project Tenders to be Offered in New Cities

• Sunday, 16th October 2016
• by Joana Saba

A number of new projects are set to be tendered in the Greater Cairo area as well as a number of other governorates, including the development of a road lighting network, the development of Street 90 in New Cairo and other roads and developments in several other Cairo districts.

Lands to be Offered in New Administrative Capital

• Thursday, 13th October 2016
• by Fatma Khaled

The government has approved offering lands for various activities to investors in the New Administrative Capital, according to Kamel Al Wazir, head of the Armed Forces Engineering Authority.

Several Developments to be Constructed in New Tiba City

• Thursday, 13th October 2016
• by Fatma Khaled

Construction has commenced on several developments in New Tiba City, including three roads that will cost of EGP 22 million.

Applicants Given 1 Month Extension for Dar Misr Units’ Down-Payment

• Thursday, 13th October 2016
• by Fatma Khaled

The New Urban Communities Authority (NUCA) has granted a one month for applicants to complete the 20% down-payment for the second phase of units in the Dar Misr project.

MFF Head: VAT, Dollar Value to Increase Real Estate Prices

• Wednesday, 12th October 2016
• by Fatma Khaled

The increasing value of the dollar and the new value-added tax (VAT) are expected to result in an increase in the prices of social housing units, according to Mai Abdel Hamid, Head of the Mortgage Finance Fund.