Several Social Housing Units Completed in New Cities

• Sunday, 18th December 2016
• by Farah Montasser

Approximately 20,000 social housing units are being delivered in New Aswan City and 320 social housing units are to be completed in 2017, according to Mostafa Saeed head of the City’s Authority.

Land Plots Offered for Residence, New Damietta

• Sunday, 18th December 2016
• by Farah Montasser

In line with the Egyptian government’s plan to expand governorates across the country and create better living conditions to all citizens, 195 land plots in New Damietta are offered for residential development

Al Asala Raises Prices of Units

• Sunday, 18th December 2016
• by Invest Gate

Al Asala Real Estate Co. has increased its selling prices for residential units located in compounds following the increase in prices of building materials, according to Hamdy Raslan, Sales Manager at the company.

Commercial Units Sold for EGP 6,000 Per Square Meter in Sadat City

• Sunday, 18th December 2016
• by Invest Gate

A total of 30 commercial units were sold in a public auction in Sadat City on Thursday, with prices ranging between EGP 2,600 and EGP 6,000 per meter square.

NUCA Approves Several Amendments Over Land & Housing Fees

• Wednesday, 14th December 2016
• by Farah Montasser

The board of the New Urban Communities Authority (NUCA) has approved the reduction of administrative fees that are applied on the purchase of land plots for an entire year, in efforts to facilitate procedures for investors in new cities, reported Invest-Gate

Several Hypermarkets to be Implemented in New Cities

• Wednesday, 14th December 2016
• by Farah Montasser

New Urban Communities Authority (NUCA) is expected to launch a number of hypermarkets branches across Sadat City and Borg El Arab City, reported Invest-Gate

Social Housing Projects Commence in Sales and Development

• Wednesday, 14th December 2016
• by Farah Montasser

Around 270,000 low-income citizens have placed total installments of EGP 1.08bn on 400,000 social housing units located in the new cities, reported Daily News Egypt

Egypt’s New Capital Completes 30% of its Infrastructure

• Wednesday, 14th December 2016
• by Farah Montasser

Approximately 30% of the first phase of Egypt’s Administrative Capital infrastructure has been completed, Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly informed President Abdel Fattah Al Sisi, according to Al Borsa

MNHD Records Revenues of EGP 1.4 bn in November

• Wednesday, 14th December 2016
• by Farah Montasser

Egyptian real estate company, Madinet Nasr Housing & Development (MNHD) has registered revenues of EGP 1.4 bn during the past 11 months, ending by November 30, reported Daily News Egypt

New Land Prices to be Set in New Administrative Capital

• Tuesday, 13th December 2016
• by Farah Montasser

The Administrative Capital for Urban Development Company will be holding a meeting within days to discuss the final pricing for the first land offering within the New Administrative Capital project, in efforts to attract investors, reported Al Borsa