Affordable Homes in Egypt 2026: Government Programs, Mortgage Options & Who Qualifies

BrokerJoin Editorial Team · 2026-06-04

Owning a home in Egypt on a middle or lower-middle income is challenging but not impossible. The government runs several housing programs specifically designed to make home ownership accessible, and the mortgage market — though still developing — now offers genuine financing options for qualifying buyers.

Government Housing Programs

Dar Misr

The government's most active affordable housing program. Units in new cities (Badr, Obour, New Salam, Mostakbal City) priced EGP 350,000–800,000.

• Eligibility: First-time buyers, monthly income under EGP 7,500 (single) or EGP 10,000 (family)
• Application: Via dedicated Dar Misr website with required documentation
• Current status: Ongoing with regular application windows

Janna (جنة)

Slightly higher quality than Dar Misr, targeting slightly higher income bracket:

• Unit prices: EGP 700,000–1,500,000
• Income ceiling: EGP 15,000/month
• Larger units available (90–120m²)

Sakan Masr

Presidential initiative for housing units in new cities at below-market prices:

• Available in: New Administrative Capital, New Alamein, New Ismailia
• Prices starting EGP 600,000

Mortgage Options in Egypt 2026

Egyptian mortgage market has expanded significantly:

Commercial Bank Mortgages:

• Rates: 18–22% annually (post-CBE rate adjustments)
• Down payment: 20–30%
• Tenure: up to 20 years
• Maximum loan: EGP 3,000,000 for most banks

Social Fund Mortgages:

• Subsidized rates: 8–10% for qualifying incomes
• Available through specialized banks (AHDAF, Banque du Caire)
• Processing time: 30–90 days

Developer Financing:

For many buyers, developer installment plans remain more practical than bank mortgages — longer terms (10–15 years), no interest, no down payment minimums set by regulators.

How to Apply

1. Check eligibility criteria (first-time buyer, income range, age)

2. Register on government housing portal (iskan.housing.gov.eg)

3. Prepare documents: national ID, income proof, marriage certificate (if applicable)

4. Enter lottery or first-come basis depending on program

5. Upon selection, pay reservation deposit

6. Sign contract and begin installment payments

For mortgage or government housing guidance, BrokerJoin's verified brokers can guide you through the process.