The Egyptian government has launched the first phase of its new real estate initiative, “Your Home in Egypt,” aimed at providing Egyptian expatriates with competitive housing options and flexible payment plans, Invest-Gate reports. The initiative seeks to attract overseas investments into the country’s property market.

The first phase includes 5,055 residential units, comprising apartments and villas, across nine major cities in Egypt. The allocation and sales process is set to begin on February 15, 2025, according to a government statement issued on February 7.

As part of the initiative, the government has introduced a flexible payment system in US dollars in collaboration with Banque Misr, ensuring easier access for Egyptians abroad looking to invest in property back home.

“Your Home in Egypt” is part of a broader national strategy to encourage real estate investment among expatriates while supporting economic growth and foreign currency inflows into the Egyptian market.