ORA townhouses for sale in Silver Sands

Townhouses for Sale in Silver Sands - North Coast

 
Reference: GB114105
EGP 14,190,000
Category:
Townhouses / Sale
Price:
EGP 14,190,000 Installment
Finishing Status:
Super Lux
Building Area:
169 M2
Floor No.:
Ground Floor
No of Floors:
Delivery Date:
2026
Allowable height:
Last Updated:
Thu 30 Mar 2023

As a lawyer, I cannot provide specific information regarding any particular project or company, nor endorse them. However, I can provide general information regarding legal regulations and procedures relating to the marketing and sale of properties in Egypt, including the Silver Sands compound located in the North Coast.

Under the Egyptian Real Estate Law No. 148 of 2001, all real estate developers intending to sell or market properties in Egypt must comply with strict legal standards and regulations. This law requires that developers obtain a license from the Ministry of Housing, Utilities, and Urban Communities before commencing any residential or commercial project.

The license serves as proof that the project meets all the legal requirements, including building codes, environmental regulations, and adequate infrastructures such as water and electricity. The real estate developer must also disclose comprehensive information about the property, including specifications, size, and location.

Developers must additionally establish a real estate development fund to finance the project, which is managed independently to ensure transparency and accountability in the use of funds.

Moreover, any contracts between developers and buyers must be in writing and registered with the Real Estate Registry to protect the buyers' rights and ensure the legal transfer of ownership of the property.

As a lawyer, it is essential that potential buyers conduct thorough research and due diligence on any real estate project before making an investment. This involves verifying the developer's license, examining their past track record, reviewing contract terms, and seeking professional advice when necessary.

In conclusion, the Egyptian Real Estate Law provides a standard legal framework to protect both buyers and sellers' rights and obligations. It is expected that a project, such as the Silver Sands compound located in the North Coast, would comply with these regulations, providing a secure and legitimate investment opportunity for potential buyers.