Khaled Abbas, the Chairperson and Managing Director of ACUD, said: “The ACUD has offered plots of land in the MU23 area for mixed-use projects, in the most distinguished locations on Al Amal Axis and facing the Sports City.”
Abbas added: “The company’s board of directors has approved the sale of land plots in the NAC using the equal instalments system, which allows developers to purchase land in instalments with equal quarterly payments.”
He explained that the approval of the equal instalment system came within the framework of encouraging real estate development companies operating in the NAC and reducing the burden on investors in light of the rising prices of building materials. He also stressed the importance of maintaining an active and effective real estate market in the New Capital, as the NAC accounts for a large percentage of the business of this promising market.
He stated: “The terms and conditions for the offering will be published on the company’s official website, starting from Sunday, 1/14/2024, until Wednesday, 1/24/2024.”