The New Urban Communities Authority (NUCA) has announced an investment opportunity in June under the immediate allocation system. The land, located in the Green Belt area of 6th of October City, covers a total area of 123,900 square meters (approximately 29.5 feddans) and is offered at a price of EGP 8,440 per square meter. This brings the total estimated value to about EGP 1,045,716,000. The land is classified as an investment opportunity exceeding 5 feddans and is designated for mixed-use urban development (90% residential, 10% services). Specific building regulations have been outlined to ensure optimal land utilization.
The allowed building ratio for the integrated urban development is set at a maximum of 15% of the land area, with a required setback of 6 meters from all directions and a maximum height of ground floor plus one floor. For investment services, the permitted building ratio can go up to 30% with a maximum height of ground floor plus two floors, maintaining the same 6-meter setback.
Compliance with Civil Defense regulations and height restrictions mandated by the Armed Forces is required. The project’s implementation period is three years, starting from the issuance of the first ministerial decree approving the land use plan.
An initial 5% of the land value has already been paid as a reservation deposit. The investor is required to pay an additional 10% within one month of receiving the official approval notice. An additional 1% is charged as administrative fees and 0.5% is allocated to the Board of Trustees. The remaining amount is payable over six semi-annual installments, starting six months after the down payment. These installments will incur interest based on the Central Bank of Egypt’s rate, in addition to a 2% surcharge as per Ministry of Finance guidelines, and 0.5% administrative fees. This offering presents an attractive opportunity for investors interested in establishing a large-scale urban development project in 6th of October City.