12 Hrs
Source:
المصدر
Al-Inshaa: 21,777 reserve Rent-to-Own units
The article focused on the efforts of the Egyptian Ministry of Housing, led by Engineer Randa El-Manshawy, to promote urban development through the creation and upgrading of new cities and the provision of diverse housing units via a lease-to-own program. Over 171,798 citizens have registered for reservation, with 37,988 initial reservations completed, and 21,777 citizens have paid the reservation deposits so far. The program includes the launch of 10,000 housing units—5,000 of which are ready for delivery in the near future, while the others are under construction over the next three years—aimed at supporting beneficiaries and meeting their housing needs in line with Egypt Vision 2030 goals. Additionally, the final account for the fiscal year 2025-2026 was approved, showing a financial surplus used to fund national projects. A draft law to regulate the real estate market was also discussed, along with the establishment of the Egyptian Union of Real Estate Developers, to enhance market regulation, efficiency, and improve the quality of real estate services in Egypt.
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