The New Urban Communities Authority (NUCA) under the Ministry of Housing has announced the payment systems for the apartments in the Saba Project, located in 6th of October City. These apartments are available through the Housing and Development Bank, and applications will remain open until June 16. The project features apartment units ranging in size from 95 to 141 square meters, spread over an area of 69 acres, and includes 85 residential buildings.
Payment Systems Include:
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Reservation deposit: EGP 150,000
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Completion of 15% of the unit price plus 1% administrative fees to be paid between June 29 and July 10, 2025
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The remaining 85% can be paid through the following options:
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Full cash payment of the remaining amount
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35% down payment upon signing the contract (making the total paid 50%)
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25% payment within one month of signing the contract
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25% payment within two months of signing the contract
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Second Payment Option: Installment Plan
This option allows for installing the remaining 85% of the unit price in quarterly installments over 3, 5, or 7 years. The first installment is due three months after signing the contract. Installments must be paid directly to the company at its office located at 107B Smart Village.
Third Payment Option: Mortgage Financing
This plan allows buyers to pay the remaining unit price through the free mortgage financing program offered by the Housing and Development Bank, while remaining committed to settling dues directly with the company.
Additional Details
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Units are expected to be delivered within 3 months of signing the contract.
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Families may reserve more than one unit.
The Saba Project is considered one of the most prominent residential developments in the Northern Expansions Area of 6th of October City. It stands out for its premium services and unique architectural designs.