Dollar-Based Land Reserve

Housing Minister Randa El-Menshawy announced that, starting with the November offering, investment land will be allocated on a “first-come, first-served” basis through the Foreign Investment Portal to eligible Egyptian and foreign companies. Applicants must pay the full land price in U.S. dollars transferred from abroad, with no price-based ranking of applications. Applicants must register on the portal, transfer at least $100,000 from abroad, and pay an additional $5,500. The full price of the land must then be transferred within one month of notification; otherwise, the $100,000 will be forfeited and the preliminary reservation canceled. The ministry stressed that a reservation does not constitute final allocation, which remains contingent on payment of all dues and fulfillment of the requirements. Land will also continue to be offered through installment plans and price-based competition, along with premium plots requiring full payment in dollars.

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