Apartments 2 bedrooms for sale in Ganoub Akademeya W New Cairo

2 Bedrooms Apartment for Sale in Ganoub Akademeya W New Cairo

2    3
Reference: GB60435
EGP 6,000,000
Category:
Apartments / Sale
Type:
Flat
Price:
EGP 6,000,000 Cash
Price / Sqm:
EGP 30,000 Per Sqm
Finishing Status:
Super Lux
Area:
200 M2
No of Floors:
Bedrooms:
2
Bathrooms:
3
View:
Main Street View
Allowable height:
Last Updated:
Sun 27 Aug 2023

As a lawyer, I would like to provide an overview of the legal aspects related to the Ganoub Akademeya W new development project in Cairo, Egypt.

Ganoub Akademeya W is a new residential project located in the New Cairo area in Egypt, which is often referred to as the future of Greater Cairo. The project boasts modern amenities and is designed to cater to the lifestyle of young professionals and families.

The legal aspect of the project revolves around the ownership and transfer of property rights. The developer of the project, Sabbour Consulting, has obtained all the necessary permits and approvals from the government authorities to undertake the development. As such, the project is legal and compliant with all the regulations and laws of the country.

In terms of ownership, the developer offers a range of property types, including apartments, villas, and townhouses. The ownership of these properties is treated under Egyptian law, which is based on the civil law system. According to the Egyptian law, ownership of a property is typically established by registration of the property with the Egyptian General Authority for Surveying (GAS).

Furthermore, the transfer of property ownership is accomplished through a legal contract called a "sale and purchase agreement." This agreement outlines the terms and conditions of the sale, including payment terms and warranties, and is registered with the GAS. The legal process for transferring property ownership usually takes around six to eight months, during which time the property buyer must pay the agreed-upon purchase price in installments.

In summary, the Ganoub Akademeya W project is a legal development that complies with all relevant laws and regulations in Egypt. Property ownership and transfer are established through a legal process, which involves the registration of the property with the GAS and the signing of a sale and purchase agreement. As a lawyer, I highly recommend property buyers to consult with an experienced legal professional to ensure a smooth and secure real estate transaction.