Fully finished apartments for sale in New Cairo Galleria Moon Valley

3 Bedrooms Apartment for Sale in Galleria Moon Valley New Cairo

3    3
Reference: GB56412
EGP 5,100,000
Category:
Apartments / Sale
Type:
Flat
Price:
EGP 5,100,000 Cash
Price / Sqm:
EGP 30,000 Per Sqm
Finishing Status:
Super Lux
Area:
170 M2
Floor No.:
2
No of Floors:
Bedrooms:
3
Bathrooms:
3
Allowable height:
Last Updated:
Sun 27 Aug 2023

Galleria Moon Valley is an impressive development that has garnered significant attention from real estate investors and developers, as well as individual buyers looking for luxurious housing options in the heart of Cairo. The development boasts a wide range of amenities, including a retail center, spa, swimming pools, and lush gardens. Moreover, it is situated in a prime location within the New Cairo district, offering easy access to key transportation routes, shopping outlets, and recreational spaces.

However, the legal aspects of the development are not without controversy. As is common practice in Egypt, the land on which Galleria Moon Valley was built was initially owned by the government, which sold it to the developer, Arabia Investment Holding (AIH). AIH then agreed to partner with the New Urban Communities Authority (NUCA), a governmental body responsible for implementing Egypt's housing policies, in exchange for favorable financial terms and government support.

While this partnership may have benefited both parties, it raises questions about transparency and accountability in the development process. Critics of the project have pointed out that the terms of the partnership between AIH and NUCA have not been publicly disclosed, which has led to concerns about the possibility of corruption or other illegal activities.

Moreover, some residents of the area have expressed concerns about the impact of the development on the surrounding environment. With New Cairo already experiencing issues with pollution and traffic congestion, the added strain of a large-scale housing project could exacerbate these problems.

As an objective legal expert, it is not my place to pass judgment on the merits of Galleria Moon Valley or the partnership between AIH and NUCA. However, it is important for potential buyers and investors to be aware of these issues and to conduct their own due diligence before making any decisions regarding this development.

Furthermore, any legal disputes that may arise between AIH, NUCA, or the residents of the area will need to be resolved through the Egyptian legal system. It is therefore important for anyone involved in the development process to have a clear understanding of the relevant laws and regulations, as well as the potential consequences of any legal actions.

In conclusion, Galleria Moon Valley is an impressive development that offers a range of luxurious housing options in a prime location. However, potential buyers and investors should be aware of the legal aspects of the project, including the partnership between AIH and NUCA and potential environmental concerns. Additionally, any legal disputes that may arise will need to be resolved through the Egyptian legal system, so it is important for all involved parties to have a clear understanding of the relevant laws and regulations.