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المصري اليوم
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Rent from 1,500 EGP with ownership after a year
The Ministry of Housing has launched 15,000 residential units for rent in new cities and governorates, as part of the social housing project and "Decent Life." There is an option to convert these units to ownership after one year. The units' sizes range from 75 to 100 square meters, with monthly rent prices between 1,500 and 5,000 Egyptian pounds. Support of up to 1,000 Egyptian pounds is available for families with an income of less than 16,000 pounds. Electronic application requires income statements, with a focus on newly married youth and the most needy families. The rent contract lasts for three years and is renewable, with the possibility of ownership after at least one year, where the amount paid in rent is counted as a down payment for ownership.
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