Parliament listens to the cries of those affected by old rent: Will efforts succeed in achieving balance?

The Egyptian House of Representatives witnessed extensive discussions on the draft law establishing a unified national ID number database for real estate. Dr. Ayman Abu El-Ela, head of the parliamentary bloc of the Reform and Development Party and deputy head of the House’s Human Rights Committee, described the draft law as a “qualitative shift” in the management of real estate in Egypt.

During the plenary session, chaired by Counselor Ahmed Saad El-Din, Deputy Speaker of the House, Dr. Abu El-Ela emphasized the strategic importance of this law, pointing to its numerous advantages. Chief among these advantages is the ability to facilitate the exchange of information related to real estate and its commercial management in a more organized and efficient manner.
The adoption of a unified central system for registering and tracking real estate using the national ID number represents a qualitative leap towards achieving transparency and streamlining procedures in the real estate sector. Through this database, access to accurate and up-to-date information about any property will become easier, contributing to reducing real estate disputes, facilitating sales, purchases, and mortgages, and enhancing confidence in the real estate market in general. Dr. Abu El-Ela also pointed out that this law falls within a comprehensive and well-thought-out vision for managing Egypt’s vital real estate sector, aiming to facilitate and regulate various real estate transactions. There is no doubt that developing the real estate market, particularly with regard to information exchange and commercial aspects, is a key driver of economic growth and attracting investment.
In a related context, the head of the parliamentary bloc of the Reform and Development Party expressed his thanks and appreciation to the Egyptian government for introducing this important project. However, he did not fail to emphasize the need to complete the legislative system related to the real estate file, with the top priority being expediting amendments to the old rent law, which represents a top priority and a popular demand long awaited by a broad segment of Egyptians.
The demand to complete the legislative system reflects an awareness of the importance of addressing all aspects of the real estate file in a comprehensive manner, ensuring stability and balance in the relationship between landlords and tenants and opening new horizons for investment and development in this important sector.
He stated that the draft law establishing a unified national real estate database represents a positive and well-deserved step towards modernizing and developing the management of the real estate sector in Egypt. As we look forward to the completion of the legislative framework, most notably the amendments to the old rent law, we hope for a more organized and prosperous future for the Egyptian real estate market, one that will benefit both the national economy and citizens.