Urban Development Fund Introduces Housing Units with Flexible Payment Plans

The Urban Development Fund, under the Egyptian Prime Minister’s office, is making strides in providing modern, fully-serviced housing units as part of its comprehensive plan to restructure informal settlements. The initiative focuses on relocating residents from unsafe areas to well-planned urban communities, moving them out of hazardous zones.

Flexible Payment Options for New Apartments

According to sources within the Urban Development Fund, the organization is offering significant payment flexibility to citizens. Buyers can secure a unit by paying a 15% down payment, with the remainder spread over a maximum of five years. The units are expected to be delivered within one year of purchase.

Details of Kafr El-Sheikh 3 Housing Project

• Unit Price: EGP 1.67 million.
• Down Payment (15%): EGP 251,000.
• Quarterly Installment: EGP 61,000.
• Maintenance Deposit: EGP 71,000.

Features of the Housing Units

• Number of Rooms: 3 bedrooms.
• Number of Bathrooms: 1 bathroom.
• Number of Elevators: 2 elevators per building.
• Finishing Specifications: Super Lux.
• Average Unit Size: 113 square meters.
• Number of Units per Floor: 8 units.

The Urban Development Fund is currently accepting reservations from citizens through its hotline 15444 or at its main office in Nasr City.