The public lottery for units in the Dar Misr middle-income housing project is set to start on December 8 and continue to December 18, according to Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly, Al Mal reported.
This public lottery includes residential units located in New Damietta City, New Cairo, Shorouk City, Obour City, 10th of Ramadan City, Badr City, Sheik Zayed City, and 6th of October City, Supervisor of the Commercial and Real Estate Sectors at the New Urban Communities Authority Tarek El Sebaey told Al Mal.
Applicants can open a new bank account in order to make a down-payment at the Housing & Development Bank for the desired unit. Furthermore, the Housing & Development Bank vows to provide some advantages, including special interest rates on the down-payments made through the bank account, in addition to receiving the terms and conditions to apply for the units free or charge, among other advantages, Mohamed El Alfy, a board member at the bank, said.
The results of this lottery will be announced on the official website of the New Urban Communities Authority, the bank, or the City’s Authority, according to Al Borsa.