About 103,000 housing units have been implemented across various new cities in 2020, at a total cost of EGP 23.46 bn, as part of the Egyptian government's urban development plans.

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced that New Cairo will witness the hand over a new batch of the Sakan Misr middle-income project's first and second phases from November 1 to December 30.

Head of Real Estate Finance Sector at The United Bank of Egypt Ayman Mohamed has affirmed that 1,000 clients were granted EGP 130 mn worth of mortgage financing in H1 2020.

The New Cairo City Authority handed over on February 10 a new batch of residential units at the first phase of the Dar Misr middle-income housing project

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar announced on June 27 that 288 housing units, within 12 buildings, at the first phase of Dar Misr middle-income project in October Gardens, west Cairo, will be delivered to recipients starting July 18.

Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly has reviewed the New Urban Communities Authority's (NUCA's) tangible achievements in 2018.

The Ministry of Housing, Utilities, and Urban Communities has sold land plots and residential units worth of EGP 22.2 bn in 2016, according to a statement by the ministry.

At a public lottery held on Thursday, 983 units part of Dar Misr middle-income housing project in New Damietta were distributed among winners, reported Al Borsa.

The Ministry of Housing, Utilities, and Urban Communities is studying a plan to establish compounds geared towards middle-income earners, an informed source said, Invest Gate reported.