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Housing officials announce 15,000 rental units at 1,500 pounds
The Egyptian Ministry of Housing has announced a plan to develop 15,000 affordable rental units, ranging in size from 75 to 90 square meters. These units will provide all necessary services in populated areas, aiming to meet the needs of various social groups. The proposed systems include a three-year lease contract, renewable, with government support to reduce the rent, starting from 1,500 Egyptian pounds per month. Eligibility conditions include not owning a previous residence and being no older than 35 years old, with rent not exceeding 25% of the applicant’s monthly income. Delivery is expected within two to three months after completing the application process. This initiative is part of efforts to diversify housing options and achieve economic and social benefits for citizens.
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