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بوابة الشروق
Income brackets for 10,000 owned rentals
The Ministry of Housing continues to accept applications to reserve 10,000 housing units under a rent-to-own scheme in 26 new cities. The units include some ready for delivery and others under construction, expected to be completed within 3 years. Applicants must be Egyptian, between 21 and 45 years old, and meet income criteria that vary depending on the unit’s price. They must also not own any previous residential unit or land. The rental term is 20 years, during which resale or change of use is prohibited. Allocation of the units will be done through a public lottery. Submitting an application requires complying with the conditions, and the applicant's acceptance of these conditions is confirmed upon submission.
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