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Social Housing to launch 15,000 units in new areas
The Ministry of Social Housing has launched a new initiative offering 15,000 residential units in new cities and governorates, in addition to units dedicated to the "Decent Life" initiative. The units range in size from 75 to 90 square meters, with some "Decent Life" units reaching up to 100 square meters. The new system targets young newlyweds under 35 years old and lower-income groups, prioritizing applicants based on income level and eligibility. There is also an option to transition to ownership after one year of residence, with the paid amount counting toward the down payment. The program aims to facilitate homeownership for those most in need, offering reduced burdens through a rent-to-own system.
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