{"id":637851,"date":"2017-11-27T03:56:46","date_gmt":"2017-11-27T03:56:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/27\/3500-acres-sold-to-developers-in-new-administrative-capital\/"},"modified":"2017-11-27T03:56:46","modified_gmt":"2017-11-27T03:56:46","slug":"3500-acres-sold-to-developers-in-new-administrative-capital","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/27\/3500-acres-sold-to-developers-in-new-administrative-capital\/","title":{"rendered":"3,500 acres sold to developers in new administrative capital"},"content":{"rendered":"

The New Administrative Capital Company for Urban Development sold 3,500 acres of land to real estate developers for the first phase development of the new administrative capital, Daily News Egypt reports<\/a>. The land sold will be used for residential projects, commercial and office blocks. The company, which manages development on the city, is considering raising prices to EGP 4,000 per sqm from EGP 3,500 per sqm, with down payments of 20% after seeing strong appetite from developers. Talaat Moustafa Holding Group, Misr Real Estate Management and Misr Italia were among the big name buyers.<\/p>\n","protected":false},"excerpt":{"rendered":"

The New Administrative Capital Company for Urban Development sold 3,500 acres of land to real estate developers for the first phase development of the new administrative capital, Daily News Egypt reports. The land sold will be used for residential projects, commercial and office blocks. The company, which manages development on the city, is considering raising […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-637851","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"59170a79-c180-461e-a860-4db53c43513e","order":"0","is_powered_by":true,"section_story_id":"0866f426-a666-47e8-879c-45dc11fa0d1f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637828],"teaser":"","voice_url":""},"yoast_head":"\n3,500 acres sold to developers in new administrative capital - 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\/2017\/11\/27\/3500-acres-sold-to-developers-in-new-administrative-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3,500 acres sold to developers in new administrative capital\" \/>\n<meta property=\"og:description\" content=\"The New Administrative Capital Company for Urban Development sold 3,500 acres of land to real estate developers for the first phase development of the new administrative capital, Daily News Egypt reports. The land sold will be used for residential projects, commercial and office blocks. The company, which manages development on the city, is considering raising […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/27\/3500-acres-sold-to-developers-in-new-administrative-capital\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-27T03:56:46+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/27\/3500-acres-sold-to-developers-in-new-administrative-capital\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/27\/3500-acres-sold-to-developers-in-new-administrative-capital\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"3,500 acres sold to developers in new administrative capital\",\"datePublished\":\"2017-11-27T03:56:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/27\/3500-acres-sold-to-developers-in-new-administrative-capital\/\"},\"wordCount\":98,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Real Estate + Housing\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/27\/3500-acres-sold-to-developers-in-new-administrative-capital\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/27\/3500-acres-sold-to-developers-in-new-administrative-capital\/\",\"name\":\"3,500 acres sold to developers in new administrative capital - 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The state-owned company is not budging on selling the land to Emaar Misr for less than EGP 4,000 per\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":599527,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/emaar-backs-off-from-1500-feddan-residential-project-in-egypts-new-capital\/","url_meta":{"origin":637851,"position":1},"title":"Emaar backs off from 1,500 feddan residential project in Egypt\u2019s new capital","author":"enterpriseam admin","date":"2 January 2019","format":false,"excerpt":"Have talks broken down between Emaar and the new capital authority? Bloomberg reported on Monday that talks between Emaar and the New Administrative Capital Company (NACC) to develop a 1,500 feddan mixed-use project in the city have broken down. The business information service quoted NACC Chairman Ahmed Zaki Abdeen as\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576001,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/05\/land-in-first-phase-of-egypts-new-administrative-capital-to-be-sold-by-2022\/","url_meta":{"origin":637851,"position":2},"title":"Land in first phase of Egypt\u2019s new administrative capital to be sold by 2022","author":"enterpriseam admin","date":"5 November 2020","format":false,"excerpt":"The New Administrative Capital Company for Urban Development (NACCUD) is planning to sell the remaining 25% of land in the first phase of the new capital to developers by 2022, company spokesperson Khaled Al Husseini told Al Shorouk. NACCUD has so far concluded 196 contracts for schools, universities, sports clubs,\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":605152,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/nacc-sells-new-capital-business-district-land-to-nuca-at-egp-10k-per-sqm\/","url_meta":{"origin":637851,"position":3},"title":"NACC sells new capital business district land to NUCA at EGP 10k per sqm","author":"enterpriseam admin","date":"23 December 2018","format":false,"excerpt":"The New Administrative Capital Company (NACC) has priced the land it sold to the New Urban Communities Authority (NUCA) in the new capital\u2019s business district at EGP 10k per sqm, sources told Al Mal. China State Construction Engineering Company is the main contractor NUCA hired to develop the business district,\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":559337,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/18\/also-on-our-radar-on-18-january-2021\/","url_meta":{"origin":637851,"position":4},"title":"Also on our radar on 18 January 2021","author":"enterpriseam admin","date":"18 January 2021","format":false,"excerpt":"TMG purchases 21 mn sqm of land for massive new capital development: Talaat Moustafa subsidiary the Arab Company for Projects and Urban Development has purchased 21 mn sqm (5.2k feddans) of land from the New Urban Communities Authority (NUCA) for a EGP 500 bn residential project in the Capital Gardens\u2026","rel":"","context":"In "RADAR"","block_context":{"text":"RADAR","link":"https:\/\/enterpriseam.com\/egypt\/category\/radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572864,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/12\/naccud-eases-payment-requirements-for-new-capital-developers\/","url_meta":{"origin":637851,"position":5},"title":"NACCUD eases payment requirements for new capital developers","author":"enterpriseam admin","date":"12 July 2020","format":false,"excerpt":"The New Administrative Capital Company for Urban Development (NACCUD) has cut the required downpayment for real estate developers on land in the new administrative capital to 10%, from an initial 20%, Hapi Journal reports, citing unnamed sources from the state-owned company. 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