NUCA sells lands worth $2.5B in 7 months

Updated 9/7/2023 8:34:00 AM
NUCA sells lands worth $2.5B in 7 months

Arab Finance: The New Urban Communities Authority (NUCA) has raised $2.5 billion from selling lands during the first seven months of 2023, NUCA’s Vice President Walid Abbas told Hapi Journal on September 6th.

Abbas also revealed that NUCA received about 1,300 applications for real estate investment year-to-date, 30% of which are in US dollar.

NUCA gave approval for 400 projects so far, he added.

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