Dubai Property Sales Surge 43.5% in 7 Months
The value of daily property sales in Dubai was up 43.5% in the first seven months of 2023 compared to the same period last year, according to data from the Dubai Land Department, Invest-Gate reports.
News / Land
Dubai Completes Distribution of 3,200 Residential Plots
The Dubai Municipality completes the distribution of 3,200 residential plots to its citizens living in the emirate, Invest-Gate reports.
El-Gazzar Announces Offering 481 Land Plots
He adds that 146 premium plots are offered in the 6th of October, October Gardens, Shrouk, Obour, and the 10th of Ramadan cities.
SODIC Acquires 123 Acre-Extension To “The Estates” in West Cairo
ODIC announces that its fully owned subsidiary, Al Yosr for Projects and Real Estate Development, has received approval from the Sheikh Zayed City Development Authority to acquire the 123-acre land plot in West Cairo.
Gov’t Grants 3M Extension for Payment of Real Estate Arrears
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has approved the extension of full payment of residential and non-residential arrears to March 15, with fines exemption.
NUCA Allots 50 Plots in 16 New Cities for Mixed-Use Activities
The New Urban Communities Authority (NUCA) has approved the allocation of 50 plots in 16 new cities for mixed-use activities, in line with the state's keenness to boost urban development and present additional investment opportunities across Egypt.
NUCA Agrees to Develop Textile Industry’s State-Owned Unused Lands
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has witnessed the signing of a cooperation protocol between the New Urban Communities Authority (NUCA) and the Holding Company for Cotton, Spinning, and Weaving to develop some of the unused lands owned by the latter company or its subsidiaries across Egypt.
Gov’t Reclaims 15-Acre State Land Near Madinaty
Head of New Cairo Development Authority Amin Ghoneim has embarked on a massive campaign to forcibly remove encroachments on state-owned lands, mainly recovering a 15-acre plot opposite to Madinaty, northeast Cairo.
About 903 Acres Are Reallocated for Urban Expansion Into Giza: NUCA
Vice President of the New Urban Communities Authority (NUCA) for Commercial and Real Estate Affairs Mohamed Anwar Hilal said investors can apply for acquiring two state-owned parcels of 880.99 and 21.83 acres, separately, across Giza, which are being reallocated for the development of additional urban areas.
