Office 144m for sale in Obsidier Tower New Capital

Office for Sale in Obsidier Tower - New Capital

 
Reference: GB59581
EGP 12,672,000
Category:
Offices / Sale
Price:
EGP 12,672,000 Installment
Price / Sqm:
EGP 88,000 Per Sqm
Finishing Status:
Super Lux
Area:
144 M2
No of Floors:
Year Built:
4
Allowable height:
Last Updated:
Fri 12 May 2023

As a lawyer, I am here to present an objective analysis of the legal aspects of the Obsidier Tower New Capital Egypt.

The Obsidier Tower is a mixed-use development project located in the new administrative capital of Egypt. It is designed to be the tallest tower in Africa and the Middle East, and one of the most iconic landmarks of the capital. The project includes residential, commercial, and administrative units, as well as a hotel and recreational facilities. The project is developed by Al Ahly Sabbour, one of Egypt's leading real estate developers.

From a legal perspective, the Obsidier Tower must comply with the legal requirements and regulations for the development of real estate in Egypt. These regulations include the Real Estate Development Law and Regulations, Building Code, and the Environmental Law, among others.

Al Ahly Sabbour is required to obtain various permits and licenses from the relevant government bodies before initiating any construction or development activities. These permits include the building permit, environmental clearance, and approval from the Real Estate Development Fund.

Moreover, the project must provide a clear description of the project, including the scope of work, expected completion date, services and amenities to be provided, financial terms and conditions, and any other relevant information.

For buyers and investors, the legal framework provides certain protections and rights. Investors have the right to demand transparent and accurate information from the developer. They also have the right to file a complaint against the developer for any violation of the law or breach of contract.

In conclusion, the Obsidier Tower New Capital Egypt is a legitimate mixed-use development project that aims to be an iconic landmark in the new administrative capital. The project is well-regulated and complies with legal requirements and regulations in Egypt. As with any investment, buyers and investors are advised to conduct their due diligence, seek legal advice, and ensure that all legal requirements and protections are in place before making any commitments.

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