Chalet 170m for sale in Porto Golf Marina North Coast

Chalet 3 Bedrooms for Sale in Porto Golf Marina - North Coast

3    2
Reference: GB67456
EGP 3,000,000
Category:
Chalets / Sale
Type:
Chalet
Price:
EGP 3,000,000 Cash
Price / Sqm:
EGP 17,647 Per Sqm
Finishing Status:
Super Lux
Area:
170 M2
Floor No.:
8
No of Floors:
Bedrooms:
3
Bathrooms:
2
View:
Pool View
Allowable height:
Last Updated:
Sun 3 Sep 2023

As a lawyer, I am happy to discuss the legal aspects of the compound Porto Golf Marina North Coast in Egypt.

Porto Golf Marina North Coast is a luxurious residential compound located in the heart of the North Coast of Egypt. The compound is built on an area of 480,000 square meters and comprises of 800 units, including villas, townhouses, twin houses, and chalets.

One of the most important legal aspects to consider when investing in a property in Egypt is the ownership regulations. In Egypt, foreign investors can acquire property through leasehold agreements, whereby the property is leased for 50 years and can be renewed for an additional 50 years. This regulation ensures that foreigners have the same property rights as local citizens and offers a secure investment opportunity.

Another crucial aspect to consider is the legality of the sale and purchase agreement of the property. It is important to verify that the developer has obtained all the necessary permits, licenses and approvals from the relevant governmental bodies. This will ensure that the property is legally licensed, and the buyer does not face any legal issues in the future.

Moreover, it is important to verify the terms and conditions outlined in the contract before signing. This includes any penalties or cancellation fees, payment schedules, and the delivery date of the property. It is essential that the contract is clear, detailed, and legally binding.

In terms of specific legal regulations related to the Porto Golf Marina North Coast compound, it is important to note that the developer has complied with all legal requirements and regulations. The compound is built on a legal basis, with all necessary permits and licenses approved by governmental bodies.

The compound offers state-of-the-art facilities, including golf courses, swimming pools, and a private beach club, in addition to providing 24-hour security and maintenance services.

In conclusion, investing in a property in Egypt, specifically in the Porto Golf Marina North Coast compound, offers a secure and luxurious investment opportunity. However, it is crucial to ensure that all legal requirements and regulations are met, and the contract is legally binding before investing. As a lawyer, I recommend seeking legal advice from a reputable lawyer to ensure all legal aspects are adequately addressed.