The Egyptian government has launched a new phase of rent-to-own housing units, allowing citizens to register online for a chance to own a home. The Ministry of Housing, Utilities and Urban Communities, through its subsidiary, the New Urban Communities Authority, has opened the registration process on the "Masaken" platform. This latest offering, part of the "Housing for All Egyptians 9" initiative, provides new housing units under the rent-to-own system.
The registration process is entirely online, allowing citizens to browse available units, their sizes, and prices before completing the booking. The units on offer range from 75 to 100 square meters in size. Interested parties can access the "Masaken" platform, create a new account, and enter their details. They can then review the terms and conditions of the sale and familiarize themselves with the available units and their prices.
To proceed with the booking, applicants must follow a series of steps. These include registering their basic information, activating their account by entering a verification code sent to their phone or email, and reviewing the terms and conditions of the sale. They must then pay a deposit and administrative fees using approved payment methods and upload required documents, such as their national ID and proof of income.
The rent-to-own housing units are located in various new cities across different governorates. Some of the cities with available units include Cairo, 15th of May City, Badr, El Shorouk, El Obour, El Obour New, 6th of October New, and Borg El Arab New. The units are priced differently depending on the city and other factors, as outlined in the terms and conditions of each sale.
The online registration process provides an opportunity for citizens to apply for these housing units in a convenient and transparent manner. Eligible applicants can access the "Masaken" platform, review the available units, and complete their booking online. This approach aims to streamline the process and make it more accessible to a wider range of citizens.
The Egyptian government's efforts to provide affordable housing options continue with this new phase of rent-to-own units. By offering these units, the government aims to help citizens own their homes while also promoting urban development and growth. The registration process is open to all eligible citizens, who can apply online through the "Masaken" platform.
The availability of these housing units is part of the government's broader strategy to address the housing needs of its citizens. With a range of unit sizes and prices available, the rent-to-own system offers an attractive option for those looking to own their homes. The online registration process ensures that applicants can easily access and apply for these units.
Key points
- The Egyptian government has launched a new phase of rent-to-own housing units, with 100 sqm apartments available in various new cities.
- The registration process is entirely online, allowing citizens to browse available units and complete their booking through the "Masaken" platform.
- The units are priced differently depending on the city and other factors, as outlined in the terms and conditions of each sale.
