All you need to know about "Your Home in Egypt” Initiative
Who is eligible for this initiative?
This initiative is exclusively designed for Egyptians residing abroad, allowing them to purchase residential units in Egypt.
To qualify:
- Applicants must have a bank account in their country of residence for at least six months.
- Each applicant is allowed to reserve up to two units.
The program facilitates property investment while supporting Egypt's economy.
How many housing units are available through this initiative?
A total of 5,000 villas and residential units are available.
- Four thousand two hundred units (4,200) are in prime areas such as the New Administrative Capital, 6th of October City, New Alamein, New Mansoura, Sheikh Zayed, and various coastal villages.
- Eight hundred units (800) are available in Madinaty and El-Salam.
All units can be purchased using foreign currencies, providing a convenient solution for Egyptians abroad while bolstering Egypt's foreign currency reserves.
When and how will the online platform work?
The online platform is scheduled to launch in January 2025. It will allow Egyptians abroad to:
- Browse available residential units.
- Access detailed information about each property.
- Reserve units online.
The reservation window will be open for one month, starting in February 2025.
What is the purpose of this initiative?
This initiative was developed in response to feedback from the "Egyptians Abroad" Conference held in August 2024.
Its primary goals are to:
- Provide housing options tailored to the needs of Egyptians living abroad.
- Address challenges encountered in previous housing projects.
What are the benefits of this initiative?
This initiative offers multiple benefits:
- Affordable, high-quality housing in prime locations for Egyptians abroad.
- Increased foreign currency reserves, boosting Egypt's economic growth.
- Strengthened connections between Egyptians abroad and their homeland.