Nile Business City is a mixed-use residential and commercial compound located in the New Administrative Capital of Egypt. It is a project developed by Al Ahly Sabbour, one of the leading real estate developers in Egypt.
The compound is strategically located in the heart of the New Capital's Central Business District, adjacent to the Government District, the diplomatic district, and the presidential palace. Nile Business City will feature various residential and commercial units, such as offices, medical centers, retail shops, and residential apartments, along with a five-star hotel.
The compound is designed to offer a modern and sustainable lifestyle, offering residents and visitors access to an array of amenities and services. These include swimming pools, parks, children's play areas, health and fitness clubs, and green spaces.
When it comes to legal information, it is essential to note that purchasing a property or investing in real estate in the New Capital, like any other city in Egypt, involves a complex legal process. As an attorney, it is my advice to consult with a local attorney or a real estate agent with specific knowledge of real estate law in Egypt to ensure that all legal requirements are met. These include obtaining legal documentation such as a registry extract, a property tax certificate, a notarized purchase agreement, and a property registration certificate from the New Capital authorities. Additionally, conducting thorough due diligence is crucial to avoid any regulatory, legal and financial issues that may affect the property’s value or ownership rights.