As a lawyer, I can provide a legal perspective on the newly developed compound, The Waterway, by Equity Real Estate Development on the North Coast of Egypt. The Waterway is a high-end, luxury development that offers a range of residential and commercial properties in a stunning beachfront location.

From a legal standpoint, the development of The Waterway was likely a complex process that required careful attention and compliance with numerous regulations and legal requirements. As part of the due diligence process, a lawyer would advise Equity Real Estate Development to ensure that all necessary permits and licenses were obtained, and all relevant building codes, environmental and safety standards were met.

Additionally, a lawyer would advise the developers to ensure that comprehensive legal agreements were put in place to safeguard their interests and those of the buyers. These agreements would clearly outline the terms of the sale or lease, the responsibilities of each party, and the dispute resolution mechanisms in case of conflicts.

The Waterway offers a range of residential and commercial properties, including villas, chalets, apartments, and retail spaces. As such, special attention must be paid to the creation of legal agreements specific to each property type.

The development of The Waterway offers a significant investment opportunity for both local and foreign investors, particularly given its prime location on the North Coast of Egypt. However, as with any real estate development, the legal risks associated with the project must be analyzed and minimized.

In conclusion, the development of The Waterway by Equity Real Estate Development offers a luxurious, high-end residential and commercial development in one of Egypt's most desirable locations. However, it is crucial that the developers approach the project with a keen legal eye to minimize legal risk and ensure that all necessary legal requirements are met. As a lawyer, I would advise both Equity Real Estate Development and potential buyers to seek legal counsel throughout the entire development cycle to minimize legal risk and ensure a successful project outcome.