The Ministry of Housing, Utilities, and Urban Communitues launched 5400 units in Madinaty and Rehab in New Cairo, reported Invest-Gate.
The units include 3,912 apartments in Madinaty, and 1,488 apartments located in Rehab that came amid the demand of citizens for more affordable housings that is suitable for different factions of societies.
Madbouly also clarified in a released statement that the units are fully ready for living and their sizes range between 58 square meters and 162 square meters.
Tarek El Sebaey , Supervisor on trade and real estate affairs in the Al Omranya committee that the conditions to acquire the units are present at all branches of “The housing and construction” Bank starting of 9th of October during the bank’s working days.
Sebaey also added that reservation is made upon first payment that is worth of 50% of the total cost of the unit and the rest of costs can be pain over three annual installments.
The supervisor also stated that further information is also found on the official website for the committee of Al Omrneya Communities.