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Conditions for rental housing in new Egyptian cities
The Social Housing Fund has allocated residential units for rent in new cities, starting next month, with the aim of providing housing alternatives for groups currently unable to own homes. The monthly rent ranges from approximately 2,000 Egyptian pounds, and applicants must have a minimum income of around 8,000 pounds. The rental contract is for three years and is renewable. The procedures include paying a security deposit equal to two months' rent, facilitating access to these units, which are part of the government’s efforts to provide decent housing at affordable prices based on the beneficiaries’ income.
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