The Egyptian Ministry of Housing and Urban Development, in collaboration with the New Urban Communities Authority, has announced the launch of a 'rent-to-own' housing project. The project includes 10,000 residential units spread across 26 new cities in Egypt. This initiative aims to provide affordable housing options for various segments of society. The project is divided into two phases: 5,000 units are already completed, and the remaining 5,000 units are set to be executed in eight new cities.
The 'rent-to-own' housing project offers units with areas ranging from 57 to 161 square meters for the completed units and 90 to 126 square meters for the units under construction. The monthly rent for these units varies between 1,500 and 2,000 Egyptian pounds, depending on the unit's size and location. The project allows for a maximum support of 100,000 Egyptian pounds for rent, which will be provided by the Social Housing and Real Estate Finance Fund.
The project is open to applicants who meet specific criteria, including being between 21 and 35 years old and having a total family income not exceeding 16,000 Egyptian pounds per month. Applicants must also pay a registration fee of 365 Egyptian pounds and a 10,000 Egyptian pound security deposit for the chosen unit. This deposit is refundable after the lease period ends or in case of application rejection.
The 'rent-to-own' housing project is divided into two application phases. The first phase, which started on September 20, 2026, and will end on September 27, 2026, is exclusively for people with disabilities who meet the eligibility criteria. The second phase will begin on September 28, 2026, and will continue until October 28, 2026, allowing all citizens, including those with disabilities, to apply.
The units are located in various new cities, including Cairo, 15th of May City, New Badr, New El Shrouk, El Obour, and El Obour New City, among others. Applicants can submit their applications through the 'Masaken' portal, which has been upgraded to handle the registration process electronically. The application process requires submitting several documents, including a national ID, income proof, and utility bills.
To apply, citizens must review the project's terms and conditions and ensure they meet the eligibility criteria. The project's terms and conditions, including unit prices, rental values, and payment rules, are detailed in the project's brochure. Applicants can choose their preferred unit and location based on their eligibility and the availability of units in their governorate.
The Ministry of Housing and Urban Development aims to provide affordable housing solutions for low- and middle-income families through this project. With a wide range of units available across different cities, the 'rent-to-own' housing project offers an opportunity for thousands of Egyptians to own their homes. The project is a significant step towards addressing the housing needs of the Egyptian population.
Key points
- The 'rent-to-own' housing project offers 10,000 units across 26 new cities in Egypt.
- The project has a two-phase application process, starting with people with disabilities, followed by the general public.
- The units have areas ranging from 57 to 161 square meters, with monthly rents between 1,500 and 2,000 Egyptian pounds.
