Notable Interest in the Third Tranche of the 'Your Home in Egypt' Initiative for Egyptians Abroad

The Ministry of Housing, Utilities, and Urban Communities announced that registration and applications for reserving units in the third tranche of the “Beitak fi Masr” (Your Home in Egypt) initiative have seen notable interest from Egyptians abroad, during the initial hours after the initiative’s website went live. This comes in line with the ministry’s commitment to providing diverse housing opportunities and flexible payment systems tailored to their needs and financial capacities.

In a report monitoring the status of reservation and payment requests for the third tranche, the ministry stated that, based on the data recorded so far, the total number of reservation requests reached 2,589. Of these, 76 applicants had submitted their bank transfer documents and are currently undergoing financial review, reflecting the strong uptake of the initiative since the first hours of registration.

The ministry added that the third tranche of the “Beitak fi Masr” initiative includes approximately 4,000 diverse residential units distributed across several new cities, with multiple payment options available. These include a 10% discount for full payment of the unit’s value, as well as other installment alternatives depending on the nature of each project.

It noted that the terms and conditions document for the tranche has been made available on the initiative’s official website, containing all details regarding the offered units, payment mechanisms, requirements, and prices, enabling interested parties to review the information, assess available opportunities, and choose what best suits their needs.

Regarding payment mechanisms, the Ministry of Housing, Utilities, and Urban Communities clarified that unit prices are set in Egyptian pounds, with the equivalent amount to be paid in U.S. dollars through incoming transfers from abroad. Payments can be made via international bank transfers (SWIFT) or through authorized exchange companies, in accordance with established regulations.

The ministry emphasized that registration and making bank transfers do not constitute final reservation or allocation of units. Electronic selection of a unit does not constitute a final reservation until the required amounts are fully paid according to the chosen payment option and the transfer amount is actually received in the Authority’s account.

The ministry called on Egyptians abroad interested in benefiting from the third tranche to visit the official website of the “Beitak fi Masr” initiative at the following link: https://beitakfemisr.com/