The New Urban Communities Authority (NUCA) has announced the offering of a prime land plot in 15th of May City as part of its July investment opportunities. This initiative aligns with NUCA’s strategy to stimulate economic activity and support the development of new urban communities. Through these offerings, the authority aims to attract diverse investments and enhance social and service-oriented facilities.
The land is located in the Qarnfol (Ornamental) district of 15th of May City and spans approximately 14,947 square meters, equivalent to around five feddans, placing it in the relatively small category of investment opportunities. The price per square meter has been set at EGP 3,090, with the full amount required to be paid in Egyptian pounds.
The designated purpose for this land is the establishment of a social club, intended to bolster recreational and community services within the city. According to the building regulations, the built-up area must not exceed 20% of the total land area. Setback requirements include a minimum of 5 meters in the front and 4 meters on the sides and rear.
The approved design allows for the construction of a basement, a ground floor, and two upper floors, provided it complies with the height restrictions imposed by the Armed Forces Operations Authority to ensure full adherence to approved urban planning standards.
The developer is required to provide on-site parking in accordance with the Egyptian Code for Garages, with precise sizing determined by the Survey Department and subject to modification if necessary.
Payment Terms:
-
10% down payment upon reservation.
-
An additional 5% must be paid within one month of receiving the allocation approval notice.
-
An extra 1% for administrative fees and 0.5% to the Board of Trustees is also required.
-
The remaining amount will be divided into six semi-annual installments, subject to interest based on the Central Bank of Egypt’s prevailing rate at the time of approval, plus 2% Ministry of Finance interest and 0.5% administrative fees.
Project Timeline:
The project must be completed within three years from the date of land handover, following a strict implementation schedule to ensure the anticipated return on investment.
To stay updated on 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 ideal unit for you and your family.