The New Urban Communities Authority (NUCA) has announced the offering of a commercial land plot numbered 49 in the West Airport area, Sector (A), in New October City under the immediate allocation system. This offering comes as part of the Authority’s investment plan for the month of November, aiming to support investment activity within the new cities and provide suitable options for investors.
The land plot covers an area of approximately 9,047 square meters, with a price of 16,380 EGP per square meter, bringing the total price to around 148.28 million EGP. The plot is allocated for commercial use, with a building ratio of 40% of the total area, and a maximum building height consisting of a ground floor and two upper floors. The plot must adhere to specified setback requirements: 5 meters in the front and 4 meters on both sides and the rear, in line with Civil Defense regulations and Armed Forces zoning restrictions.
The Authority emphasized the importance of investors inspecting the site before submitting an allocation request, as the inspection is considered an implicit approval of the plot’s specifications and location at the time of offering. It also noted that the plot area may undergo slight increases or decreases based on measurements verified by the Land Survey Department during actual implementation.
NUCA also stressed the need to provide adequate parking spaces within the boundaries of the allocated plot, in accordance with the Egyptian Garage Code and its amendments, while fully complying with all specified building restrictions.
Regarding the payment plan, the Authority clarified that 15% of the land value must be completed, including a 5% down payment already paid and 10% to be paid within one month from the date the Board of Directors issues the allocation approval. Additional fees include 1% administrative charges and 0.5% for the Board of Trustees.
The remaining land value is to be paid over six equal semi-annual installments in Egyptian pounds, with the first installment due one year after the allocation approval date. Installments are subject to the Central Bank’s interest rate plus an additional 2% as per Ministry of Finance regulations, along with 0.5% administrative fees.
This investment opportunity in New October City is part of the Authority’s ongoing efforts to enhance urban development and encourage commercial activity in new cities. These initiatives contribute to stimulating the real estate market and providing attractive investment avenues that meet investors’ needs while supporting the achievement of distinct economic returns.
To follow the latest official offerings and browse thousands of residential properties across different cities, visit the Official Egyptian Real Estate Platform — your trusted destination for finding the right home for you and your family. You can also learn more about the features of the Mamsha Avenue project in the New Administrative Capital.