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Toggle70% Late Payment Penalty Reduction for Property Owners
In an effort to ease the financial burden on citizens and encourage timely payments, the New Urban Communities Authority (NUCA) has introduced financial relief measures. These include a 70% reduction in late payment penalties for overdue installments on residential, administrative, commercial units, and land plots of all types, provided that outstanding dues are fully settled.
This initiative applies to cases where properties have not yet been repossessed, despite prior cancellation decisions. However, the relief does not cover partnership-based lands or properties already reclaimed by the authority.
“Valley Towers” Unit Deliveries Begin in Hadayek October
The Ministry of Housing, Utilities, and Urban Communities has announced the delivery schedule for “Valley Towers” units in Hadayek October. The handover will take place from February 2 to August 24, 2025.
Minister of Housing, Eng. Sherif El-Sherbiny, stated that the project witnessed significant demand, with over 11,000 applicants vying for 2,406 residential units.
Transparent Lottery Process for Allocation
Dr. Hassan El-Shorbagi, Deputy Chairman of NUCA, confirmed that applicants will have the opportunity to attend the public lottery draw. Additionally, the entire process will be broadcast live on the authority’s official website, ensuring transparency and convenience for all participants.