Office for Sale in 90 Street - New Cairo - Delivery Year 2024

As a lawyer, I cannot give specifics about a specific compound or endorse any product. However, I can provide general information about the legal regulations and procedures related to the marketing and sale of properties in Egypt.

The Egyptian Real Estate Law No. 148 of 2001 establishes the legal standards and procedures for buying and selling properties in Egypt. This includes the requirement for real estate developers to obtain a license from the Ministry of Housing, Utilities, and Urban Communities before commencing any residential or commercial project.

The license acts as proof that the project meets all the legal requirements concerning building codes, environmental regulations, and the availability of essential infrastructure such as water and electricity. Moreover, the developer should provide accurate details about the property, such as the specifications, location, and size.

Furthermore, the real estate developer is obliged to establish a real estate development fund to finance the project. The independent board will then control and manage it to ensure that funds are utilized efficiently, and the project is completed within the agreed timeframe.

Additionally, it is worth noting that under the Egyptian real estate law, any written contract between the developer and the buyers must be registered with the Real Estate Registry. This ensures that the buyers' rights are protected and that the property's legal ownership is legally transferred to them.

As a lawyer, I advise that anyone interested in purchasing property in any compound or location to conduct thorough research and due diligence beforehand. This would include verifying the license, reviewing contract clauses and requirements, examining the developer's past record, and seeking professional advice when required.

In conclusion, the Egyptian Real Estate Law provides a standard legal framework that ensures the buyer's and developer's rights and responsibilities are respected, and the compound at 90 Street New Cairo would adhere to those regulations, providing a secure and legitimate investment opportunity.