{"id":562386,"date":"2021-05-23T04:06:46","date_gmt":"2021-05-23T04:06:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/not-a-developer-no-land-for-you\/"},"modified":"2021-05-23T04:06:46","modified_gmt":"2021-05-23T04:06:46","slug":"not-a-developer-no-land-for-you","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/not-a-developer-no-land-for-you\/","title":{"rendered":"Not a developer? No land for you."},"content":{"rendered":"

<\/a> Looking to put up a building in a new city? You\u2019ll need to be a real estate <\/strong>developer to get the land.<\/strong> New city authorities are no longer permitted to sell land earmarked for construction to individuals after the Housing Ministry issued a decree limiting sales to real estate developers, Al Mal<\/a> reports. The decree also allows the land to be used for government projects, the newspaper says, without providing further details.<\/p>\n

Is this part of the new construction regulations we\u2019ve been waiting on?<\/strong> It\u2019s not entirely clear, but it appears to be part of the government\u2019s wider effort to crack down on wildcat and disorganized construction in the country. The government had ordered a ban last May<\/a> on construction permits in urban centers as it works on new regulations that are expected to govern everything from building height, ratios, and usage to urban coordination and red tape. Last we heard, the Local Development Ministry began trialing the new regulations at the beginning of this month<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Looking to put up a building in a new city? You\u2019ll need to be a real estate developer to get the land. New city authorities are no longer permitted to sell land earmarked for construction to individuals after the Housing Ministry issued a decree limiting sales to real estate developers, Al Mal reports. The decree […]<\/p>\n","protected":false},"author":1,"featured_media":562387,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7371],"tags":[7195,130,72,83,343],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-building-code","tag-construction","tag-enterpriseam","tag-real-estate","tag-regulation","wpautop","entry"],"acf":{"mongo_id":"ec0c8caa-4e90-4cfc-973a-d25cb87cd2fa","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/5\/187.jpg","photo_position":"above","related_issue":[562376],"teaser":"","voice_url":""},"yoast_head":"\nNot a developer? No land for you. - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/not-a-developer-no-land-for-you\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Not a developer? No land for you.\" \/>\n<meta property=\"og:description\" content=\"Looking to put up a building in a new city? You\u2019ll need to be a real estate developer to get the land. New city authorities are no longer permitted to sell land earmarked for construction to individuals after the Housing Ministry issued a decree limiting sales to real estate developers, Al Mal reports. 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The total land under SODIC\u2019s belt includes 6.2 mn sqm of coastal or highway-neighboring land, but the company noted that a recent presidential decree regulating such plots has had no\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573257,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/27\/sodic-boss-expects-egypts-real-estate-sector-to-recover-starting-2h2020\/","url_meta":{"origin":562386,"position":2},"title":"Sodic boss expects Egypt\u2019s real estate sector to recover starting 2H2020","author":"enterpriseam admin","date":"27 July 2020","format":false,"excerpt":"Sodic boss expects real estate to stage recovery starting 2H2020: Property sales could start bouncing back throughout the second half of this year after the government relaxed covid-19 measures and amid the ongoing gradual return to \u201cnormal life,\u201d our friend Sodic CEO Magued Sherif told Al Mal and Hapi Journal\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/210.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603473,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/23\/heliopolis-housing-says-presidential-decree-ends-dispute-on-shorouk-plot\/","url_meta":{"origin":562386,"position":3},"title":"Heliopolis Housing says presidential decree ends dispute on Shorouk plot","author":"enterpriseam admin","date":"23 April 2019","format":false,"excerpt":"Real estate developer Heliopolis Housing said that a dispute over the payment it owes for its 22.71 sq-km plot in Shorouk has been resolved by a presidential decree ruling that the company should only pay the value of 0.71 sq-km to the New Urban Communities Authority, the company said in\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564609,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/16\/cbe-ups-maximum-draw-from-tourism-support-fund-as-it-winds-down-issues-new-rules-on-lending-to-real-estate-developers\/","url_meta":{"origin":562386,"position":4},"title":"CBE ups maximum draw from tourism support fund as it winds down + issues new rules on lending to real estate developers.","author":"enterpriseam admin","date":"16 February 2021","format":false,"excerpt":"Tourism wage support initiative to end on 30 June \u2014 or when the pot is empty. A program by the Central Bank of Egypt (CBE) to give tourism companies access to subsidized lines of credit to cover wages, maintenance expenses, and operating costs is due to run its course at\u2026","rel":"","context":"In "SPEED ROUND: CBE WATCH"","block_context":{"text":"SPEED ROUND: CBE WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-cbe-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/459.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597510,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/29\/imkan-allocated-egp-5-bn-166-acre-new-cairo-land-plot\/","url_meta":{"origin":562386,"position":5},"title":"IMKAN allocated EGP 5 bn, 166-acre New Cairo land plot","author":"enterpriseam admin","date":"29 July 2019","format":false,"excerpt":"IMKAN Properties, a subsidiary of the UAE\u2019s Abu Dhabi Capital Group (ADCG), has been allocated a EGP 5 bn, 166-acre land plot in New Cairo by the Housing Ministry, the company said in a statement. 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