Housing: 15,000 rental units across governorates and new cities
The Egyptian Ministry of Housing has announced the launch of 15,000 rental housing units across several governorates and new cities within this month, in accordance with the directives of the President of the Republic. The goal is to meet the needs of various segments of society and achieve residential stability. The units offered include 8,464 units in governorates, 3,256 units in new cities, and an additional 3,280 units under the "Decent Life" initiative—excluding units to be launched by the New Urban Communities Authority. The rental period is three years, renewable, with conditions that include the applicant being no older than 35 years, and that the amount deducted from the monthly income does not exceed 25%. There is also an option to convert to ownership after one year. These efforts reflect the ministry’s aim to provide a variety of housing options that align with citizens’ financial capabilities.
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