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Cabinet reviews housing rental plan
The Egyptian government has announced a new initiative aimed at meeting the housing needs of young people through a monthly rental system. The plan includes providing 15,000 housing units distributed across new cities, the "Decent Life" presidential initiative, and various governorates, with sizes ranging from 70 to 90 square meters. The initiative offers units for rent for three years, with the possibility of ownership after committing to paying the rent. Application submissions are handled via the Egypt Digital Platform, and eligibility requires applicants to be no older than 35 years and not to have previously received subsidized housing units. This initiative aims to facilitate access to flexible and affordable housing for those unable to own property, serving as a pilot project to gauge demand and assess the potential for expanding rental programs in the future.
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