{"id":697191,"date":"2026-04-29T00:00:00","date_gmt":"2026-04-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=697191"},"modified":"2026-04-29T02:44:14","modified_gmt":"2026-04-29T02:44:14","slug":"established-developers-on-the-north-coast-got-hit-by-controversial-retroactive-land-fees-nuca-is-now-rolling-them-back","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/29\/established-developers-on-the-north-coast-got-hit-by-controversial-retroactive-land-fees-nuca-is-now-rolling-them-back\/","title":{"rendered":"Established developers on the North Coast got hit by controversial retroactive land fees \u2014 Nuca is now rolling them back"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The New Urban Communities Authority (<\/strong><strong>Nuca<\/strong><strong>) is <\/strong><strong>slashing retroactive land<\/strong><strong> assignment fees by up to 50% for North Coast projects allocated before February 2024<\/strong>, two government officials tell EnterpriseAM. The authority will instead calculate the levies based only on the built-up area. The exact reduction \u2014 between 10-50% \u2014 will depend on each project\u2019s master plan and footprint, sources tell us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>New projects <\/strong><strong>allocated <\/strong><strong>after February 2024 remain subject to a fixed flat fee of EGP 1k per sqm on the total land area<\/strong>, without the built-up area deduction, our sources confirm. Foreign developers will pay USD 20 per sqm, they say.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The mechanics:<\/strong> The new framework still requires developers to make a 20% upfront payment, with the remainder paid in installments over five years at a 10% interest rate. The original landowner is liable for the fees, not the sub-developer, we\u2019re told.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT\u2013<\/strong> Nuca has collected roughly EGP 15 bn of its EGP 45 bn target so far, including EGP 6 bn from Mountain View and EGP 4 bn from Sodic, primarily for land allocated after the February 2024 cutoff, we\u2019re told. The framework targets 83 companies to settle their dues, with 19 local firms reportedly having already paid the first 5% of the down payment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Looking forward:<\/strong> Nuca is still reviewing petitions from foreign firms with local arms that are asking to settle their USD-denominated dues in EGP, we\u2019re told.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Behind the move<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Th<\/strong><strong>is could be a peace offering.<\/strong> The gov\u2019t was \u201cprompted to re-evaluate,\u201d one government official tells us, after noticing developers allocated land before February 2024 \u201csold a significant portion of their units at prices lower than what other companies would be able to charge to offset cost differences.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And it comes on the back of another compromise.<\/strong> The government offered to ease payment terms <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/10\/05\/govt-eases-payment-terms-for-north-coast-and-cairo-alexandria-desert-road-land-fees\/\" style=\"\">last October<\/a> on \u201cimprovement fees\u201d introduced <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/27\/it-could-get-more-expensive-to-buy-on-the-north-coast-or-cairo-alex-desert-highway\/\" style=\"\">last summer<\/a> after the real estate sector lobbied against the sudden burden. The move allowed developers to stretch the 20% down payment over a full year and capped the remaining interest at 10% instead of the higher Central Bank of Egypt benchmark rate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nuca offers up to a 50% discount on retroactive land fees for projects approved before February 2024, while all subsequent allocations remain subject to the strict EGP 1k flat levy<\/p>\n","protected":false},"author":1,"featured_media":697192,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[72,879,2074,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-697191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-enterpriseam","tag-new-urban-communities-authority","tag-north-coast","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"450fa992-c0fa-4b99-9d38-76cc862c8921","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/9\/209.jpg","photo_position":"above","homepage_title":"","full_issue_title":"A 50% break on the Sahel squeeze","related_issue":[697183],"teaser":"Nuca offers up to a 50% discount on retroactive land fees for projects approved before February 2024, while all subsequent allocations remain subject to the strict EGP 1k flat levy"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Established developers on the North Coast got hit by controversial retroactive land fees \u2014 Nuca is now rolling them back - 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\/2026\/04\/29\/established-developers-on-the-north-coast-got-hit-by-controversial-retroactive-land-fees-nuca-is-now-rolling-them-back\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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Mixed use plots have been priced at EGP 9,870 per sqm while commercial plots are priced at EGP 30.4k per sqm.","rel":"","context":"In &quot;Real Estate + Housing&quot;","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":694875,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/20\/nuca-cracks-down-on-developers-who-re-sell-land-to-others\/","url_meta":{"origin":697191,"position":5},"title":"Nuca cracks down on developers who re-sell land to others","author":"enterpriseam admin","date":"20 April 2026","format":false,"excerpt":"The move comes after the government noticed a pattern of land re-allocation through development partnerships with secondary developers","rel":"","context":"In &quot;The Big Story Today&quot;","block_context":{"text":"The Big Story Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-big-story-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/4\/905.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/697191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=697191"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/697191\/revisions"}],"predecessor-version":[{"id":697232,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/697191\/revisions\/697232"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/697183"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/697192"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=697191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=697191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=697191"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=697191"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=697191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}