Shop for Sale in Atika - New Capital By New Plan - Delivery Year 2026

As an attorney in Egypt, it is my pleasure to provide insight into the legal aspects of the compound Atika New Capital in Egypt. Atika is a residential compound located in the heart of Egypt's new administrative capital, one of the biggest urban development projects in the world. The project covers an area of 200,000 square meters and is comprised of multiple residential buildings, ranging from one to three-bedroom apartments, as well as several luxurious villas.

From a legal perspective, the compound Atika New Capital is subject to the regulations of the New Urban Communities Authority (NUCA), which is the government entity responsible for urban planning and development in Egypt. The NUCA regulates all matters related to the development of new urban communities, including land allocation, infrastructure, zoning, and construction codes.

The legal framework governing the Atika compound also includes the Egyptian Real Estate Law, which regulates the acquisition and ownership of real estate properties in Egypt. The law stipulates that any foreigner who wishes to purchase a property in Egypt must have a residency permit, which is issued by the Ministry of Interior. Additionally, the law mandates that all real estate transactions must be registered with the relevant Real Estate Registration Office and that all taxes and fees must be paid.

With regard to the ownership structure of the Atika compound, it is owned by the leading real estate development company, Master Group - one of the most prominent development companies in Egypt. Master Group owns 98% of the compound, while the remaining 2% is owned by the NUCA.

In summary, the compound Atika New Capital is a luxurious residential complex located in Egypt's new administrative capital. From a legal perspective, it is subject to the regulations of the NUCA and the Egyptian Real Estate Law. Foreigners who wish to purchase a property in the Atika compound must obtain a residency permit and comply with all applicable regulations and laws. As an attorney in Egypt, I am proud to be part of a legal system that ensures that real estate transactions are conducted in a transparent and fair manner, protecting the interests of all parties involved.