Emaar Misr to launch Cairo Gate compound in 2Q2020

Emaar Misr’s planned new development Cairo Gate is due to launch in the second quarter of 2020, a source from the company told the press. The compound was recently the center of a dispute between Emaar and the New Urban Communities Authority (NUCA) which accused the Emirati real estate firm of underpaying for the land. Emaar last month reached a settlement, agreeing to purchase the land for the EGP 11.5 bn development at residential prices and buying back a plot previously handed to NUCA for infrastructure works.