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بوابة أخبار اليوم
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Social housing to open 15,000 units
The Egyptian Ministry of Housing has announced its plan to launch 15,000 rental housing units within the month to meet the needs of various segments of society, in accordance with the conditions approved by the Council of Ministers. The units are distributed as follows: 8,464 units in the governorates, 3,256 units in new cities, 3,280 units as part of the "Decent Life" initiative, in addition to 5,000 units under a rent-to-own scheme. The units range in size from 75 to 90 square meters and are allocated to citizens based on conditions related to age and income. The rental period can be up to 3 years, with renewal options, and there is the possibility to convert from rent to ownership after one year. This announcement aims to diversify housing options for citizens and achieve the state's goals of improving quality of life by providing diverse and suitable housing choices that match citizens' capabilities and income levels.
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