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Launch of Lease-to-Own Application Details
The Ministry of Housing, Utilities, and Urban Communities, through the New Urban Communities Authority, has begun offering 5,000 residential units under the "Rent-to-Own" system in 26 new cities. The offering includes various units with sizes starting from 57 square meters up to 161 square meters, distributed across cities such as New Cairo, 6th October City, Badr, Obour, Aswan New City, and others. Units are allocated through a public lottery, requiring applicants to be between 21 and 45 years old, having no prior ownership of a residential unit, with a maximum monthly income limit set. A security deposit equal to three months' rent is required, to be paid within 30 days of the allocation. Applications can be submitted online by creating an account on the "Misr Digital" platform and uploading the necessary documents, with technical support available via the hotline (19010). This initiative aims to provide flexible housing alternatives that align with the financial capabilities of various segments of society.
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