As a lawyer, my clients often ask me about the legal aspects of real estate investment in Egypt. One property development that has been gaining attention recently is the Concord Gardens project in New Cairo.

Located in the heart of New Cairo, Concord Gardens is a mixed-use development that offers residents a luxurious lifestyle with top-notch facilities and amenities. The project comprises of a range of residential buildings, commercial spaces, and recreational facilities spread over 100 acres of land.

One of the key aspects of this development is the legal framework that governs the project. The developer, Concord For Real Estate Development, has been following all the necessary legal procedures and obtaining all the required permits from the relevant authorities in Egypt.

The project is in compliance with Egypt's real estate laws, which require developers to obtain all the approvals and licenses needed to begin construction. These laws, along with other laws related to construction and property ownership, are aimed at protecting investors, individuals, and companies who want to invest in real estate in Egypt.

Another legal consideration that is important when investing in real estate is the contract between the developer and the buyer. Concord Gardens has clear and transparent terms and conditions that are easily understood by buyers, outlining the payment plan, payment milestones, and delivery dates.

One thing that sets Concord Gardens apart from other real estate projects in Egypt is their use of escrow accounts. This means that all payments made by buyers are held in a separate account until the property is delivered. This provides an additional level of security for buyers and helps ensure that the project is completed on time and to the agreed quality standards.

In conclusion, as a lawyer I would highly recommend Concord Gardens as a safe and secure real estate investment in Egypt. The project is legally compliant, transparent, and provides buyers with additional layers of security. With its prime location and luxurious facilities, it is an excellent choice for anyone looking to invest in real estate in Egypt.